Civic Intelligence

Innovative Housing Solutions Foundation

EIN 83-2200729 • 501(c)3 • Charlotte, NC

Pub. 78 Eligible990-N CoverageNTEE L20

Profile

To support the production and successful operation of affordable and workforce housing by owning and financing land and properties throughout the united states that will be used to develop or provide affordable and workforce housing that includes units deed restricted to households at 80% area median income ("ami") or below and by facilitating access to services for residents of those units.

2132 Thrift Road Suite ACharlotte, NC 28208

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.00x

Higher debt load relative to assets than 43% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2024

Asset Growth

46th percentile

-1.2%

Faster asset growth than 46% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$137,959

Down $1,699 (-1.2%) from 2023

Liabilities

Flat

$189

Flat from 2023

Net Assets

Down

$137,770

Down $1,699 (-1.2%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Up

$1,699

Up $1,149 (+209%) from 2023

Net Income

Down

-$1,699

Down $1,149 (-209%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2020: $131,000Liabilities 2020: $200Net Assets 2020: $130,8002020Assets 2021: $135,670Liabilities 2021: $0Net Assets 2021: $135,6702021Assets 2022: $140,208Liabilities 2022: $189Net Assets 2022: $140,0192022Assets 2023: $139,658Liabilities 2023: $189Net Assets 2023: $139,4692023Assets 2024: $137,959Liabilities 2024: $189Net Assets 2024: $137,7702024

Highlighted filing

2024

Assets$137,959
Liabilities$189
Net Assets$137,770
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $131,000Expenses 2020: $200Net Income 2020: $130,8002020Revenue 2021: $10,000Expenses 2021: $5,130Net Income 2021: $4,8702021Revenue 2022: $25,000Expenses 2022: $20,651Net Income 2022: $4,3492022Revenue 2023: $0Expenses 2023: $550Net Income 2023: -$5502023Revenue 2024: $0Expenses 2024: $1,699Net Income 2024: -$1,6992024

Highlighted filing

2024

Revenue$0
Expenses$1,699
Net Income-$1,699
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,959
Liabilities
$189
Net assets
$137,770
Revenue
$0
Expenses
$1,699
Net income
-$1,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.39$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.25$0.21$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.10$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.31$0.00$1.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

To support the production and successful operation of affordable and workforce housing by owning and financing land and properties throughout the united states that will be used to develop or provide affordable and workforce housing that includes units deed restricted to households at 80% area median income ("ami") or below and by facilitating access to services for residents of those units.

Program Services

DescriptionGrantsExpenses
INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE.$0$0
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK ETHRIDGEBoard Member-$0--
KEMENA BROOKSPresident-$0--
LEE COCHRANSecretary-$0--
DARRYL HEMMINGERTreasurer-$0--
COLLEEN FORNESSBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Innovative Housing Solutions Foundation
EIN
83-2200729
Phone
7045615225
Address
2132 THRIFT ROAD SUITE A, CHARLOTTE, NC 28208

Signing Officer

Name
Authorized Signor
Title
Secretary
Phone
9803143120
Signed
2025-10-22
Discuss with paid preparer
Yes

Preparer

Firm
Eag Affordable Housing LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Greg Harris CPA
Phone
6144728568
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: legal expense. Amount: 199. Description: accounting & tax preparation. Amount: 1,500. Total to form 990-ez, line 16: 1,699.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: due from affiliates. Beg. Of year amount: 40. End of year amount: 40.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to affiliates. Beg. Of year amount: 189. End of year amount: 189.”

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt040
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01699
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE PRODUCTION AND SUCCESSFUL OPERATION OF AFFORDABLE AND WORKFORCE HOUSING BY OWNING AND FINANCING LAND AND PROPERTIES THROUGHOUT THE UNITED STATES THAT WILL BE USED TO DEVELOP OR PROVIDE AFFORDABLE AND WORKFORCE HOUSING THAT INCLUDES UNITS DEED RESTRICTED TO HOUSEHOLDS AT 80% AREA MEDIAN INCOME ("AMI") OR BELOW AND BY FACILITATING ACCESS TO SERVICES FOR RESIDENTS OF THOSE UNITS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0166000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LEGAL EXPENSE. AMOUNT: 199. DESCRIPTION: ACCOUNTING & TAX PREPARATION. AMOUNT: 1,500. TOTAL TO FORM 990-EZ, LINE 16: 1,699.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE FROM AFFILIATES. BEG. OF YEAR AMOUNT: 40. END OF YEAR AMOUNT: 40.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AUTHORIZED SIGNOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG HARRIS CPA
ReturnHeader/ReturnTs02025-10-27T09:06:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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