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Ncar Housing Opportunity Foundation

EIN 45-0530518 · Greensboro, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood74 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

NC REALTORS HOUSING FOUNDATION, A CHARITABLE FOUNDATION, PROVIDES HOUSING OPPORTUNITIES THROUGH EDUCATION AND COMMUNITY-BASED INITIATIVES INCLUDING DISASTER RELIEF.

Income
$1.5 million
Spending
$1.6 million
Spent on programs
92%
Reserves
3 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
27

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 74 out of 100. Higher than 61% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.0 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 8% of income.

  • Income trend

    15 of 15

    Income rose 377% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 49% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    19 of 19 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $319,893 spent. WE PROVIDE GRANTS TO HOUSING ORGANIZATIONS THAT ASSIST FIRST-TIME HOMEBUYERS, THE HOMELESS, FAMILIES IN CRISIS, VICTIMS OF NATURAL DISASTERS AND MORE. IN 2024, WE PROVIDED EQUAL OPPORTUNITY HOUSING ASSISTANCE GRANTS TO TWELVE COMMUNITY BASED ORGANIZATIONS TOTALING 37,500, GRANTS TOTALING 227,700 TO THREE ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING, AND 22,000 TO INDIVIDUALS TO ASSIST WITH THE COST OF DOWNPAYMENT ON HOUSING PURCHASES. SINCE 2004, WE HAVE MADE MATCHING GRANTS TOTALING MORE THAN 539,657 TO MORE THAN 70 HOUSING ORGANIZATIONS ACROSS THE STATE.
  2. $1.2 million spent. WE PROVIDE EMERGENCY DISASTER RELIEF FOR VICTIMS WHO HAVE LOST THE USE OF THEIR HOME THROUGH NATURAL DISASTER. DISASTER RELIEF IS PROVIDED TO VICTIMS DISPLACED BY TORNADOES, FLOODS AND HURRICANES. DURING 2024, WE PROVIDED 1,096,000 IN HOUSING-RELATED DISASTER RELIEF ASSISTANCE TO 1,097 VICTIMS OF HURRICANE HELENE WHO RESIDE IN WESTERN NORTH CAROLINA.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.