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BBB Reliability Report for

Charlotte-Mecklenburg Housing Partnership, Inc.

 
 

BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Charlotte-Mecklenburg Housing Partnership, Inc.
Phone: (704) 342-0933
Fax: (704) 342-2745
Address: 4601 Charlotte Park Dr Ste 350
Charlotte, NC 28217-1920
Website: www.cmhp.org
Report Creation Date: November 12, 2013
Report Expiration Date: January 31, 2018
Original Business Start Date: July 1988
Principal: Ms. Julie Porter, President
Customer Contact: Ms. Julie Porter, President - (704) 342-0933 or
Entity: Corporation
Incorporated: July 1988, NC
Employees: 34 Full Time.
Type of Business: Charity - Community Development & Civic Organizations, Charity - Local

Stated Purpose

Charlotte-Mecklenburg Housing Partnership, Inc. provides access to affordable housing for low to moderate income families in Charlotte and Mecklenburg County.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. Donors must decide for themselves the relative importance of the Standards in question.

The following Standard for Charity Accountability was either not in effect or did not apply to this charity at the time of the evaluation.

09:Spend no more than 35% of related contributions on fund raising.

Organization reports that it does not engage in fundraising.

Charlotte-Mecklenburg Housing Partnership, Inc. meets the remaining 19 Standards for Charity Accountability.


Programs

Charlotte-Mecklenburg Housing Partnershp, Inc.'s principle activities include affordable housing development, mortgage financing, financial literacy and homeownership education.

Total Program Expenses:$6,679,116

Governance

Chief Executive Officer:Patricia Garrett, President
Board Size:21
Paid Staff Size:34 Full Time.

Fund Raising

Method(s) Used:Charlotte-Mecklenburg Housing Partnership, Inc. receives funding through grants.


Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to Charlotte-Mecklenburg Housing Partnership, Inc.'s IRS Form 990 for the year ended December 31, 2014:

Income
 Total Income:$12,458,146
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$6,679,116 73.87%53.61%
 Fund Raising:$0 0.00%0.00%
 Administrative:$2,362,238 26.13%18.96%
 Other:$0 0.00%0.00%
 Total Expenses:$9,041,354
 
Excess of Income over Expenses$3,416,792
Ending Net Assets:$12,175,939
Total Assets$51,160,374
Total Liabilities$38,984,435

* Excess for the year indicates the portion of income remaining after expenses.


ID: 106567
Report as of July 27, 2016 21:04
Copyright© 2016 Better Business Bureau


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