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DHIC

Raleigh, NC · EIN 56-1085131 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

DHIC reported $22.1 million in revenue and $5.6 million in expenses for calendar year 2024. Of every $100 it spent, $67.29 went to program services, $32.71 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 20.9% of the total. The highest compensation it reported for one person was $284,714 (President). 11 people received more than $100,000 in reportable compensation. Revenue rose 196% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.6M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
67.3%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
32.7%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
5.8%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
4.7%3.8%
Program service revenue share
Part VIII 2g ÷ 12
20.9%58.9%
Highest reported compensation
Part VII-A, columns D–F
$284,714$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.05%1.38%
People paid over $100,000
Part VII, line 2
116
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
108.96.8
Independent voting board members
Part VI 1a–1b
15 of 15100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$3.8M expenses · 100.0% of program spending · grants $38,160 · revenue $21M

These expenses are generated by various developments of low-income housing projects. Moderate and low-income families will occupy the homes upon completion

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 40.0 hrs/week
$243,655$0$41,059$284,714
SVP / CFO
Officer, 40.0 hrs/week
$189,315$0$33,660$222,975
SVP
Officer, 40.0 hrs/week
$176,125$0$29,597$205,722
VP / Treasurer
Officer, 40.0 hrs/week
$154,527$0$24,564$179,091
VP of Resource Development
Highest compensated employee, 40.0 hrs/week
$140,355$0$25,284$165,639
Assistant Secretary
Highest compensated employee, 40.0 hrs/week
$130,973$0$28,037$159,010
Senior Project Manager
Highest compensated employee, 40.0 hrs/week
$123,272$0$21,082$144,354
Senior Project Manager
Highest compensated employee, 40.0 hrs/week
$106,655$0$20,854$127,509

11 people received more than $100,000 in reportable compensation from DHIC (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$22M$5.6M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$22M$5.6M67.3%$51M$284,714
2023 ⓘ$8.3M$4.6M61.8%$35M$295,438
2022 ⓘ$6.4M$5.1M68.5%$31M$271,007
2021 (amended) ⓘ$6.0M$4.1M68.8%$30M$235,808
2020 ⓘ$5.5M$4.4M78.9%$28M$181,720
2019 ⓘ$7.5M$4.1M84.6%$27M$246,922

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 529

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Tatum Consulting
Asset Mgmt Consulting
$147,000

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to DHIC totaling $10,016 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from DHIC's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for DHIC, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in North Carolina

Questions people ask

How much of DHIC's spending goes to programs?

In calendar year 2024, DHIC reported that 67.3% of its $5.6 million in expenses went to program services, 32.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does DHIC pay its top executive?

The largest total compensation DHIC reported for one person in calendar year 2024 was $284,714, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does DHIC get its money?

Of $22.1 million in revenue in calendar year 2024, 5.8% came from contributions and grants (including 4.7% from government grants) and 20.9% from program service revenue (Form 990, Part VIII).

Is DHIC a registered charity?

The IRS lists EIN 56-1085131 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503189349308430 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349329104 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313199349317586 · read the filing
  • 2021: Form 990 for calendar year 2021 (amended), object 202430719349301478 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123199349307137 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013219349308961 · read the filing

All filings for EIN 56-1085131: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.