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Hcr-Fc Marlborough Woods

EIN 88-1413703 · Charlotte, NC

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

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO BUY, RENOVATE, RENT, AND ULTIMATELY SELL HOMES TO QUALIFIED BUYERS AS A PATH TO HOMEOWNERSHIP.

Income
$229,692
Spending
$320,569
Spent on programs
95%
Reserves
4 months of spending
Largest source of income
fees for its services, 100%
Employees
0
Highest pay
$281,029, chair

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: 70 out of 100. Higher than 44% of charities in its peer group (community improvement, under $250k).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.0 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 40% of income.

  • Income trend

    15 of 15

    Income rose 63% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs.

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

Governance

Fair: 59 out of 100. Higher than 36% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • 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 (1)
  1. $303,873 spent. HCR-FC MARLBOROUGH WOODS, LLC ACQUIRES RENTAL UNITS IN THE MARLBOROUGH WOODS NEIGHBORHOOD WITH THE PURPOSE OF PROVIDING OPPORTUNITIES FOR TENANTS TO BECOME HOMEOWNERS. IT IS ANTICIPATED OVER A 10 YEAR PERIOD THAT CURRENT TENANTS WILL TURNOVER AND THAT NEW HOMEBUYERS WILL BE IDENTIFIED FOR THE UNITS. WHILE TENANTS ARE RENTING, FREEDOM COMMUNITIES PROVIDES TENANT MANAGEMENT AND SUPPORT FOR FAMILIES. EACH TENANT HAS THE OPPORTUNITY TO MEET WITH A CASE WORKER TO DETERMINE THE NEEDS OF THE FAMILY AND CONNECT THEM WITH THE COMMUNITY RESOURCES THAT WILL SERVE THEM BEST. HABITAT CHARLOTTE REGION PROVIDES OPPORTUNITIES FOR RESIDENTS TO PARTICIPATE IN ITS VARIOUS FINANCIAL LITERACY PROGRAMS TO ASSESS HOME BUYER READINESS AND UPON COMPLETION, WILL DETERMINE IF THEY ARE PREPARED TO PURCHASE ONE OF THE MARLBOROUGH WOODS UNITS OR ANOTHER HOUSING SOLUTION ELSEWHERE. AS TENANTS MOVE OUT, HABITAT CHARLOTTE REGION REHABS THE UNITS INCLUDING REMODELING THE KITCHEN AND BATH, REPLACING WINDOWS, CLEANING FLOORS, AND PAINTING THE UNIT. HOMEBUYERS WILL BE IDENTIFIED THROUGH HABITAT CHARLOTTE REGION AND WILL HAVE AN AMI OF 30-80%. SALES PRICES WILL BE SET BY THE MARKET AND HABITAT CHARLOTTE REGION WILL SECURE AN AFFORDABLE MORTGAGE FOR THE HOMEBUYER TO ENSURE THAT HOUSING COSTS WILL NOT EXCEED 30% OF THE HOMEBUYER'S HOUSEHOLD INCOME. MORTGAGES ARE NOT EXPECTED TO EXCEED 360 MONTHS. MORTGAGE HOLDERS WILL RECEIVE ONGOING COMMUNICATIONS FROM HABITAT CHARLOTTE REGION, INVITATIONS TO WORKSHOPS, COMMUNITY MEETINGS, ETC. TO POSITION THEM TO THRIVE AS HOMEOWNERS. HCR-FC MARLBOROUGH WOODS, LLC ACQUIRES RENTAL UNITS IN THE MARLBOROUGH WOODS NEIGHBORHOOD WITH THE PURPOSE OF PROVIDING OPPORTUNITIES FOR TENANTS TO BECOME HOMEOWNERS. IT IS ANTICIPATED OVER A 10 YEAR PERIOD THAT CURRENT TENANTS WILL TURNOVER AND THAT NEW HOMEBUYERS WILL BE IDENTIFIED FOR THE UNITS. WHILE TENANTS ARE RENTING, FREEDOM COMMUNITIES PROVIDES TENANT MANAGEMENT AND SUPPORT FOR FAMILIES. EACH TENANT HAS THE OPPORTUNITY TO MEET WITH A CASE WORKER TO DETERMINE THE NEEDS OF THE FAMILY AND CONNECT THEM WITH THE COMMUNITY RESOURCES THAT WILL SERVE THEM BEST. HABITAT CHARLOTTE REGION PROVIDES OPPORTUNITIES FOR RESIDENTS TO PARTICIPATE IN ITS VARIOUS FINANCIAL LITERACY PROGRAMS TO ASSESS HOME BUYER READINESS AND UPON COMPLETION, WILL DETERMINE IF THEY ARE PREPARED TO PURCHASE ONE OF THE MARLBOROUGH WOODS UNITS OR ANOTHER HOUSING SOLUTION ELSEWHERE. AS TENANTS MOVE OUT, HABITAT CHARLOTTE REGION REHABS THE UNITS INCLUDING REMODELING THE KITCHEN AND BATH, REPLACING WINDOWS, CLEANING FLOORS, AND PAINTING THE UNIT. HOMEBUYERS WILL BE IDENTIFIED THROUGH HABITAT CHARLOTTE REGION AND WILL HAVE AN AMI OF 30-80%. SALES PRICES WILL BE SET BY THE MARKET AND HABITAT CHARLOTTE REGION WILL SECURE AN AFFORDABLE MORTGAGE FOR THE HOMEBUYER TO ENSURE THAT HOUSING COSTS WILL NOT EXCEED 30% OF THE HOMEBUYER'S HOUSEHOLD INCOME. MORTGAGES ARE NOT EXPECTED TO EXCEED 360 MONTHS. MORTGAGE HOLDERS WILL RECEIVE ONGOING COMMUNICATIONS FROM HABITAT CHARLOTTE REGION, INVITATIONS TO WORKSHOPS, COMMUNITY MEETINGS, ETC. TO POSITION THEM TO THRIVE AS HOMEOWNERS.

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 December 2023.

    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.