Stable Housing Improvement Project of Northeastern North Carolina

Nonprofit profile at a glance

EIN
993129731
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Elizabeth City, NC, USA
Phone
2523124463
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$417,972
Expenses
$28,195
Assets
$443,538
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

People named in this filing

  • LAVERYL BROWN (MEMBER)
  • COURTNEY COTTRELL (MEMBER)
  • VOLLEY HANSON (MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To empower individuals and families in northeastern nc by providing affordable housing solutions that foster stability, dignity, and community integration. Through collaborative efforts, we aim to break the cycle of homelessness and housing insecurity, ensuring a foundation for personal growth and self reliance. Our vision is a community where every individual and family has access to supportive and affordable housing, contributing to a society that values dignity, stability, and community well-being above all. Leading the way in northeastern nc, the stable housing improvement project endeavors to be at the forefront of innovative housing solutions, expanding our services to meet the growing needs and becoming a beacon of hope and empowerment for those we serve.

What it reported doing in 2025

Founded in 2024, the stable housing improvement project is dedicated to addressing the critical need for supportive and affordable housing solutions in northeastern North Carolina. Our work is focused on transforming lives and communities through the provision of supportive housing that caters to the underserved populations, ensuring they have access to a supportive and dignified living environment. During 2025, ship advanced its plans to address housing instability in northeastern North Carolina by completing a community needs assessment and developing a housing first program model. The work established a framework for permanent supportive housing, prevention and diversion services, street outreach, and individualized resident support. Ship also secured significant grant funding, strengthened its governance and financial systems, engaged community partners, and began implementation planning for future housing programs.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 91
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.7%; rating input score 7
  • Program expense ratio: 99.3%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 93.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 15.73; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 6.7% of revenue deployed · 99.3% of spending went to programs
  • Governance: 14 of 14 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.