2026-09-01T12:55:42-07:00 2025-12-31 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2025-01-01 113660564 Community Housing Coalition of Madison County Inc COMM 8286491200 798-A Walnut Creek Road Marshall NC 28753 Chris Watson Executive Director 8286491200 2026-09-01 true Todd Oldenburg P02281691 8282360206 2026-09-01 2025 X Chris Watson 798 Walnut Creek Rd Marshall NC 28753 4815277 false X www.chcmadisoncountync.org X 2003 NC To promote and facilitate healthy, safe, and affordable housing through advocacy, education, and resource development. 12 12 19 900 0 0 2606907 3939669 650056 779726 2896 45207 89743 44342 3349602 4808944 806942 1475284 0 615300 769888 12082 23920 117790 616708 543334 2051032 2812426 1298570 1996518 2997715 4850393 724785 748734 2272930 4101659 X To promote and facilitate healthy, safe, and affordable housing through advocacy, education, and resource development. true true 2398966 1475284 813105 NC Housing Finance Agency Urgent Repair Program (URP) to mitigate conditions posing imminent threats to life, health or safety. - Served 17 homes with more than $ 67,000. Through NCHFA, the Essential Single Family Rehabilitation Loan Pool (ESFRLP) brings rural homes up to essential housing standards. - Served 6 homes with a total of $155,000. The Healthy Opportunities Pilot (HOP) facilitates home repairs through Managed Medicaid clients to those that otherwise may not have qualified for assistance. - Served 59 homes with $634,000. 2398966 true true false false false false false false false false true false false false false true true false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false true 80 0 19 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true false true true false NC X X X Community Housing Coalition of Madi 8286491200 798 Walnut Creek Rd Marshall NC 28753 Christopher Watson Executive Director 32.00 X 58676 0 0 Tim Malone Chair 5.00 X X 0 0 0 Danalee Cook-Pipes Co-Chair 5.00 X X 0 0 0 Sidney Mashburn Treasurer 5.00 X X 0 0 0 Graeme Frelick Secretary 5.00 X X 0 0 0 Callis Chambliss Member 3.00 X 0 0 0 Miryam Rojas Member 3.00 X 0 0 0 Gratin Smith Member 3.00 X 0 0 0 Jill Cleveland Member 3.00 X 0 0 0 Emily Wood Member 3.00 X 0 0 0 Dan Olson Member 3.00 X 0 0 0 Steve Wilde Member 3.00 X 0 0 0 Ann Harold Member 3.00 X 0 0 0 58676 0 0 false false false Ricky N Chandler 360 Truckers Way Marshall NC 28753 Construction 418692 Curtis Neil Chandler 360 Truckers Way Marshall NC 28753 Construction 114257 James L Lucas 729 Lower Flat Creed Rd Alexander NC 28701 Construction 120805 Mountain Well & Septic 98 Zenina Drive Marshall NC 28753 Construction 123971 4 45 576832 3362792 1805 3939669 HOP Program 811000 690058 0 0 Housing Repairs 811000 14745 0 0 Helene Repairs 811000 74923 0 0 779726 19340 0 19340 18700 2200 16500 16500 16500 30000 4133 25867 25867 0 0 25867 Other Income 900099 10963 0 0 10963 Volunteer Project Reimbursement 900099 16879 16879 0 0 27842 4808944 813105 0 56170 1475284 1475284 58676 23470 29338 5868 650584 466963 115197 68424 60628 41916 11833 6879 202 0 202 0 20248 0 20248 0 23920 23920 41893 38013 3880 0 11569 0 4887 6682 45166 13578 31588 0 3060 0 3060 0 46071 28963 17108 0 10910 10228 682 0 22670 22670 0 0 47099 33105 7977 6017 45265 7925 37340 0 Building Supplies 233586 231995 1591 0 Miscellaneous Expenses 6202 1949 4253 0 Staff and Volunteer Expenses 5965 1193 4772 0 Subscriptions and Training 3428 1714 1714 0 2812426 2398966 295670 117790 688976 1194453 400184 1473108 598465 921079 215899 68492 191479 193304 13601 13601 1120013 134282 888486 985731 625 625 2997715 4850393 158220 104697 100000 566565 544037 724785 748734 X 1380320 2625298 892610 1476361 2272930 4101659 2997715 4850393 X 1996518 -167789 X false true X true false X 0 1109040 308626 948042 2606907 3939669 8912284 0 0 1109040 308626 948042 2606907 3939669 8912284 1108148 7804136 1183 2896 38040 42119 0 3628 5344 13728 4257 27842 54799 9009202 2460167 0.86620 0.93850 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: Other Income 2021: 3628. 2022: 5344. 2023: 13728. 2024: 4257. 2025: 10963. Description: Volunteer Project Reimbursement 2025: 16879. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 321164 321164 629370 53179 576191 8687 4841 3846 160792 76262 84530 985731 X 4811144 2200 2200 4808944 4808944 2814626 2200 2200 2812426 2812426 Pt XI, Line 2d Direct rental expenses reported on page 9 Pt XII, Line 2d Direct rental expenses reported on page 9 Pt X, Line 2 The organization is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organizations tax-exempt purpose may be subject to taxation as unrelated business income. The organization had no income from unrelated business activities in 2025 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. X X X X true Jennifer Hord Grant Writing/Management false 487259 22800 464459 487259 22800 464459 NC true Housing Repairs 475 1158587 Cost Basis Housing Repairs MARC Disaster Recovery 94 316697 Cost Basis Disaster Repairs Pt VI, Line 11b A draft of the Form 990 is provided and reviewed by the Program Director and the Board of Directors for approval prior to the filing of the return. Pt VI, Line 12c Enforcement of conflict of interest policy. The policy is maintained in the organizations policy manual where it is reviewed by all members of the board on an annual basis with signatures acknowledging their understanding. Pt VI, Line 15a The Board of Directors approves the Program Directors salary based on organizational resources and comparable salary information for similar organizations. Pt VI, Line 15b In the annual budgeting process, the Board approves a budget line for aggregate staffing expense. Thereafter, the Program Director determines individual salaries and salary increases for employees. The organization has also retained an HR consultant to assist with compensation determinations. Pt VI, Line 18 The Form 990 is posted on the organizations website and on Guidestar (Candid). It is also made available upon request. Pt VI, Line 19 The organization has electronic copies of its governing documents, policies, and financial statements that are provided to the public upon request. Pt III, Line 2 Starting in 2025, the organization served as a fiscal sponsor for Madison Alliance for Rebuilding Communities (MARC). The mission of this organization is aligned with the organizations, and the relationship is governed by an agreement. The organization retains control and discretion over the contributions and grants it receives as a fiscal sponsor. Any remaining balances at year-end are tracked as net assets with donor restrictions. Pt III, Line 3 The State of North Carolina discontinued the HOP services program effective July 1, 2025, and no services were authorized under the program after that date. Management believes amounts recorded for the year are appropriate based on services provided and information currently available. Pt XI Prior Period Adjustment: During the 2025 audit engagement, it was discovered that a prior-year adjusting journal entry was recorded incorrectly, resulting in overstated current-year contributions receivable and unrestricted net assets. Accordingly, a prior-period adjustment was required. Other The organization makes extensive use of volunteers to carry out its programs. For the year ended December 31, 2025, volunteers contributed 9,996 hours, with a total value of $223,311 at a rate of $22.34 per hour, as provided annually by the organization Independent Sector. The services contributed by volunteers did not meet the requirements of U.S. GAAP for recognition in the audited financial statements or the IRS requirements for recognition in the Form 990.