Self-Help Community Development Corp

Nonprofit profile at a glance

EIN
561975829
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Durham, NC, USA
Phone
9199564400
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$5,994,517
Expenses
$6,752,117
Assets
$106,136,720
Liabilities
$103,220,926

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Martin Eakes (Director CEO)

Highest reported compensation

  • Randy Chambers (Treasurer): $142,886 total reported compensation
  • Al Bonner (DirectorStaff): $136,849 total reported compensation
  • Martin Eakes (Director CEO): $136,788 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Self-Help Community Develop. Corp.s mission is to create and preserve affordable housing for low-income persons and distressed communities. The primary activities are 1. Preservation of affordable rental housing 2. Renovation of existing homes 3. Construction of new homes.

What it reported doing in 2024

In 2024, Self-Help Community Development Corporation operated affordable housing programs in four locations within North Carolina: Charlotte, Chapel Hill, Rocky Mount, and Durham.SHCDC undertook several affordable housing activities accross these geographies. 1) SHCDC owned and operated affordable housing rental housing in Charlottes Grier Heights neighborhood, leasing 34 garden apartments to low-income tenants at the Grierton Square project. 2) In Chapel Hill, SHCDC managed the rehabilitation of properties held in a community land bank in the Northside neighborhood. SHCDC sold the property with approvals for development of two units to Empowerments, Inc., a partner organization that will operate the units as affordable rental housing for low-income households. The land bank also held 6 properties in various stages of the development process. **continued on 4b below**

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 94
  • Accountability: 42
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 15.72; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 28.4% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
  • Governance: 0 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.7M in reported program spending
  • Leadership: top reported pay $143K · 7 people listed
  • Highest-paid contractors: 1 contractor listed · $278K reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.