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Housing and Economic Opportunities Inc

Wilmington, North Carolina · EIN 56-2111502 · Housing & Shelter · tax-exempt since 2026

D

Charity Clarity grade D (score 41.7 of 100), based on the Form 990 for the year ended March 2022.

Graded against 39,877 housing & shelter nonprofits with revenue $100K–$500K filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.94.8 months0
GovernanceBoard independence, key policies and audit, per the 990.48% of practices48
Margin stabilityHow steady the surplus or deficit is year to year.8
Revenue spreadHow much revenue rests on one type of income.0% from one source100
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.94.8%not scored
Management costsShare of spending.5.2%not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

2016201720182019202020212022grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Mar 2022Form 990$145K$256K−$111K$2.02M94.80D
Mar 2021Form 990$449K$505K−$56K$1.91M45.30D
Mar 2020Form 990$229K$321K−$92K$1.97M73.50C
Mar 2019Form 990$264K$390K−$126K$2.06M63.30D
Mar 2018Form 990$270K$300K−$30K$2.18M87.40D
Mar 2017Form 990$312K$443K−$130K$2.21M60.00D
Mar 2016Form 990$681K$224K$457K$2.34M125.50C

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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