W N C Madison County Housing Corporation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
W N C Madison County Housing Corporation Inc is a 501(c)(3) organization based in Hot Springs, North Carolina, registered in 1985, with $500,468 in FY2023 revenue. CharityIndex grades it C+.
36 Mountain Heights Ave, Hot Springs, NC, 28743 EIN 58-1643763 Since 1985
Revenue (FY2023)
$500K
▼ 9.0% vs prior year
Expenses (FY2023)
$453K
Net assets
$627K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for W N C Madison County Housing Corporation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For W N C Madison County Housing Corporation Inc: 17 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for W N C Madison County Housing Corporation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For W N C Madison County Housing Corporation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 36 Mountain Heights Ave, Hot Springs, NC, 28743
- City
- Hot Springs
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $326K (FY2014) to $500K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $63KNet assets $627K
Operating margin
9.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$690K
Total liabilities
$63K
Net assets
$627K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $500,468▼9.0% | $453,090▲7.1% | $627,320▲8.2% | $690,498▲18.1% | 990 |
| 2022 | $549,936▲36.9% | $423,164▲7.6% | $579,942▲28.0% | $584,793▲28.4% | 990 |
| 2021 | $401,650▼11.8% | $393,238▲5.4% | $453,170▲1.9% | $455,460▲1.3% | 990 |
| 2020 | $455,164▲36.4% | $373,133▲1.5% | $444,758▲22.6% | $449,780▲9.4% | 990 |
| 2019 | $333,712▼5.9% | $367,757▲6.9% | $362,727▼8.6% | $411,112▲3.3% | 990 |
| 2018 | $354,722▲8.4% | $343,969▲9.9% | $396,772▲2.8% | $398,049▲3.1% | 990 |
| 2017 | $327,089▼2.6% | $312,918▲0.3% | $386,019▲3.8% | $386,019▲3.8% | 990 |
| 2016 | $335,736▲8.3% | $312,115▲1.0% | $371,848▲6.8% | $371,848▲6.8% | 990 |
| 2015 | $309,896▼4.9% | $309,051▼6.1% | $348,227▲0.2% | $348,227▲0.2% | 990 |
| 2014 | $325,725 | $329,288▼0.2% | $347,382▲11.8% | $347,382▲11.8% | 990 |
| 2011 | — | $330,013 | $310,724 | $310,724 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $76K total
9 grants to W N C Madison County Housing Corporation Inc totaling $76K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Manna Food Bank | — | 2024 | $7,144 |
| Manna Food Bank | — | 2023 | $10,561 |
| Manna Food Bank | Food distribution | 2022 | $15,817 |
| The Community Foundation of Western North Carolina Inc | Assisting people in need | 2021 | $8,200 |
| Manna Food Bank | Food distribution | 2021 | $6,442 |
| Manna Food Bank | Food distribution | 2018 | $8,178 |
| Manna Food Bank | Food distribution | 2017 | $6,251 |
| Manna Food Bank | Food distribution | 2015 | $7,505 |
| Manna Food Bank | Food distribution | 2014 | $6,123 |
Frequently asked questions
- Is W N C Madison County Housing Corporation Inc a legitimate nonprofit?
- Yes. W N C Madison County Housing Corporation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1643763, based in Hot Springs, North Carolina. Donations are tax-deductible.
- What is W N C Madison County Housing Corporation Inc's EIN?
- W N C Madison County Housing Corporation Inc's Employer Identification Number (EIN) is 58-1643763.
- How much revenue does W N C Madison County Housing Corporation Inc report?
- W N C Madison County Housing Corporation Inc reported $500,468 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does W N C Madison County Housing Corporation Inc have?
- CharityIndex grades W N C Madison County Housing Corporation Inc C+, based on financial health (reserves and operating margin).
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Data for W N C Madison County Housing Corporation Inc (EIN 58-1643763) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.