North Carolina · Nonprofit
THE HOUSING ASSISTANCE CORPORATION
THE HOUSING ASSISTANCE CORPORATION (North Carolina) receives grants from 28 organizations whose IRS filings report $5,283,725 to it, the largest being DOGWOOD HEALTH TRUST ($2,810,750). 12 of them have funded it in more than one year.
- Revenue FY2024
- $4.4M
- Funders on record
- 28
- Grants received
- $5.3M
- Net assets
- $6.7M
What The Housing Assistance Corporation does
Mission
The Housing Assistance Corporation is a public, non-profit organization committed to providing safe and affordable housing for persons of limited income living in henderson county and surrounding areas, because we believe every human being deserves the opportunity to live in a decent home.
As stated on its FY2024 Form 990.
Programs
Multi-family development:hac has created 360 units of affordable rental housing in henderson county over the last 35 years. The units are all affordable, some are transitional housing, and all serve various populations including seniors, families, veterans, agricultural workers, survivors of interpersonal violence, and individuals with physical, mental or development disabilities.
$794,114 spent$1,075,809 earned by the program32% of program spendingSingle-family development:in 2023, hac completed 9 single family homes in henderson county and began construction on 6 others which will be completed in 2024. Over its history hac has built 207 single family homes in henderson county and polk county and is working to expand to transylvania county when land becomes available. Our housing counselors worked with 614 households in the recruitment process at year end.
$632,714 spent26% of program spendingHome repair and rehabilitation:hac completed 548 repairs for 83 households or 184 people in 2023.
$1,050,448 spent42% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $2,477,276.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $8.6M to $11M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 17% · 2018 7% · 2019 30% · 2020 23% · 2021 29% · 2022 30% · 2023 22% · 2024 17%. Grants only. Government contracts and fees sit inside program revenue.
65% of THE HOUSING ASSISTANCE CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $76k → $405k.
10 of 28 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 22% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE HOUSING ASSISTANCE CORPORATION’s funders (the co-funder graph). Top 27 of 28 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE HOUSING ASSISTANCE CORPORATION leans on a few funders — its largest provides 53% of grant income and the top three 67%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
45% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE HOUSING ASSISTANCE CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 60% · 2019 100% · 2020 70% · 2021 84% · 2022 74% · 2023 31% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of THE HOUSING ASSISTANCE CORPORATION's funders are still giving 3 years after their first grant; 43% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
99% of THE HOUSING ASSISTANCE CORPORATION's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE HOUSING ASSISTANCE CORPORATION runs a healthier operating margin than three-quarters of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Government funding THE HOUSING ASSISTANCE CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.3M on record.
- Department of Agriculture$3.3M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE HOUSING ASSISTANCE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
59%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 15 related entities
- King Creek Cottages Inc · exempt
- Regal Oaks Apartments Inc · exempt
- Parkview Apartments Limited Partnership · partnership
- Highland View Limited Partnership · partnership
- Hillside Commons Limited Partnership · partnership
Screen this organization
A dated, signed PDF of the compliance screen for THE HOUSING ASSISTANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE HOUSING ASSISTANCE CORPORATION?
- THE HOUSING ASSISTANCE CORPORATION (North Carolina) receives grants from 28 organizations whose IRS filings report $5,283,725 to it, the largest being DOGWOOD HEALTH TRUST ($2,810,750). 12 of them have funded it in more than one year.
- How many funders does THE HOUSING ASSISTANCE CORPORATION have?
- IRS filings report 28 organizations giving $5,283,725 in grants to THE HOUSING ASSISTANCE CORPORATION, 12 of which have funded it in more than one year.
- Who is the largest funder of THE HOUSING ASSISTANCE CORPORATION?
- DOGWOOD HEALTH TRUST is the largest funder on record, with $2,810,750 in grants. The full list of funders is on this page.
- How can an organization like THE HOUSING ASSISTANCE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Housing Assistance →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 28 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing