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Self-Help Services Corporation

Durham, NC · EIN 56-1849615 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Self-Help Services Corporation reported $80.4 million in revenue and $80.4 million in expenses for calendar year 2024. Of every $100 it spent, $99.96 went to program services, $0.04 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: 100.0% of the total. The highest compensation it reported for one person was $220,562 (Regional President SHFCU). 132 people received more than $100,000 in reportable compensation. Revenue rose 45% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $80M

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 $80M

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)
100.0%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%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
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
100.0%58.9%
Highest reported compensation
Part VII-A, columns D–F
$220,562$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.27%1.38%
People paid over $100,000
Part VII, line 2
1326
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.06.8
Independent voting board members
Part VI 1a–1b
0 of 3100.0%

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
$33M expenses · 40.7% of program spending · revenue $33M

Provide staffing and technical assistance for Self-Help Federal Credit Union to support its exempt purpose activities

$25M expenses · 30.5% of program spending · revenue $25M

Provide staffing and technical assistance for Self-Help Credit Union to support its exempt purpose activities

$19M expenses · 23.5% of program spending · revenue $19M

Provide staffing and technical assistance for Self-Help Ventures Fund to support its exempt purpose activities

$4.2M all other programs (line 4d)

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
Regional President SHFCU
Highest compensated employee, 0.00 hrs/week
$192,613$0$27,949$220,562
Chief of Staff SHFCU
Highest compensated employee, 0.00 hrs/week
$157,033$0$26,234$183,267
Manager Transition Exec
Highest compensated employee, 0.00 hrs/week
$161,597$0$10,634$172,231
Senior VP SHFCU
Highest compensated employee, 0.00 hrs/week
$150,054$0$15,282$165,336
Sr Policy Counsel CRL
Highest compensated employee, 0.00 hrs/week
$150,782$0$13,510$164,292
Treasurer & Director
Director/trustee, officer, 0.00 hrs/week
$101,573$0$41,313$142,886
Secretary
Officer, 0.00 hrs/week
$106,780$0$30,527$137,307
Exec DirCEO
Director/trustee, officer, 0.00 hrs/week
$100,961$0$35,827$136,788

132 people received more than $100,000 in reportable compensation from Self-Help Services Corporation (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
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$80M$80M100.0%$72,724$220,562
2023 ⓘ$78M$78M99.9%$67,311$220,392
2022 ⓘ$74M$74M100.0%$67,958$221,073
2021 ⓘ$67M$67M100.0%$67,560$211,586
2020 ⓘ$60M$60M100.0%$68,178$155,059
2019 ⓘ$55M$55M100.0%$67,992$158,999

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–1b3 · 0 independent
  • Audited financial statements Part XII 2bNo
  • 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 4No
  • 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 51,039

Correct a figure or respond

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

Questions people ask

How much of Self-Help Services Corporation's spending goes to programs?

In calendar year 2024, Self-Help Services Corporation reported that 100.0% of its $80.4 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Self-Help Services Corporation pay its top executive?

The largest total compensation Self-Help Services Corporation reported for one person in calendar year 2024 was $220,562, for the role of Regional President SHFCU (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Self-Help Services Corporation get its money?

Of $80.4 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 100.0% from program service revenue (Form 990, Part VIII).

Is Self-Help Services Corporation a registered charity?

The IRS lists EIN 56-1849615 as a 501(c)(3) organization (supporting organization (509(a)(3))), 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 202503149349302335 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433189349309133 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202342979349301864 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203049349300605 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133099349302513 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033019349300603 · read the filing

All filings for EIN 56-1849615: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.