Better Homes for North Carolina Inc
The entity was organized to fill a perceived void in the non-profit housing corporation population in non-metropolitan areas of eastern North Carolina. Particularly, several civic and community leaders formed the organization as they were concerned that while there are growing numbers of operational low-income housing non-profit organizations in the metropolitan areas of eastern North Carolina, the predominantly rural areas, and small and medium size communities just outside of thriving metropolitan areas are under-served, both in availability of low-income housing and the existence of viable non-profit organizations dedicated to producing new low-income housing stock.
Better Homes for North Carolina Inc at a glance
- Total assets
- $641,740
- -4.5% vs 2024
- Revenue (2025)
- $28,997
- -95.5% vs 2024
- Net investment income (2025)
- $2,652
- +25.3% vs 2024
- Expenses (2025)
- $60,543
- -70.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Better Homes for North Carolina Inc funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $2K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $641,740 | $28,997 | $60,543 | — | — | $2,652 |
| 2024 | $672,017 | $647,396 | $206,902 | — | — | $2,116 |
| 2023 | $362,403 | $61,093 | $26,367 | — | — | $1,150 |
| 2022 | $196,978 | $130,452 | $56,644 | — | — | $211 |
| 2021 | $1,706,681 | $46,616 | $24,307 | — | — | $119 |
| 2020 | $1,729,107 | $388,094 | $84,449 | $2,000 | 1 | $175 |
About Better Homes for North Carolina Inc
Based on IRS filings
Better Homes for North Carolina Inc is a public charity focused on Housing & Shelter, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $642K in total assets. Net investment income was $3K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Better Homes for North Carolina Inc is led by Ann Love, President on the 2025 filing; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Ann Love
President
New on the 2025 filing
10 hrs/week
$1K (2025)
A. Hobgood IV
Treasurer
Treasurer → President, 2022
President → Treasurer, 2025
On filings since 2020
10 hrs/week
$14K (2020) → $19K (2025)
Millan Edmondson
Secretary
On filings since 2020
10 hrs/week
$8K (2020) → $12K (2025)
Thomasine Kennedy
Vice President
On filings since 2020
10 hrs/week
$8K (2020) → $11K (2025)
Former officers (1)
- Former: Marshall Rich (2020–2022) — Former President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $19K, to A Hobgood IV (Treasurer). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Better Homes for North Carolina Inc
How large is Better Homes for North Carolina Inc?
Better Homes for North Carolina Inc reported $642K in total assets on its 2025 IRS Form 990. Its revenue that year was $29K.
What is Better Homes for North Carolina Inc?
Better Homes for North Carolina Inc is a public charity focused on Housing & Shelter, based in Raleigh, NC. It holds $642K in total assets as of 2025.
Where does Better Homes for North Carolina Inc operate?
Better Homes for North Carolina Inc has awarded grants in North Carolina.
What is Better Homes for North Carolina Inc's EIN?
Better Homes for North Carolina Inc's EIN (Employer Identification Number) is 56-1783194. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 2, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 21, 2026)
Live grants for the work Better Homes for North Carolina Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Better Homes for North Carolina Inc's focus areas in our free grants database
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Better Homes for North Carolina Inc down — hundreds of funders to go?