Better Housing Coalition
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Better Housing Coalition meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to change lives and transform communities through high-quality, affordable housing."
Year, State Incorporated:
1988, VA
Better Housing Coalition (BHC) builds safe, affordable housing for Richmond metro area residents living in poverty to help them maintain stability and avoid eviction. The organization also offers on-site services to support physical, academic, and financial health. BHC offers social support services that promote financial stability, protect families from eviction, and ensure affordability in gentrifying neighborhoods, affecting access to quality schools, transportation, financial services, and healthcare. In 2024, the organization reports managing 20 rental properties, including 9 communities for low-income seniors, serving over 2,700 residents in more than 1,800 rental units. The organization also reports that these properties feature eco-friendly designs and mixed-income homes that challenge stereotypes about affordable housing.
For the year ended December 31, 2023, Better Housing Coalition's program expenses were:
| Rental properties | $14,964,740 |
| Property development activities | $1,441,536 |
| Community social work | $779,433 |
| Total Program Expenses | $17,185,709 |
Chief Executive
Greta Harris, President and Chief Executive Officer
Compensation*
$374,252
Chair of the Board
Todd Waldo
Chair's Profession / Business Affiliation
Founder and Principal Consultant, Hugh Helen LLC
Board Size
18
Paid Staff Size
89
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 8% of related contributions. (Related contributions, which totaled $5,744,289, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Better Housing Coalition's audited financial statements - consolidated for the year ended December 31, 2023.
Source of Funds
| Revenue from rental properties, net | $15,924,708 |
| Contributions and philanthropic support | $3,910,002 |
| Grants and awards | $1,834,287 |
| Property sales, net | $959,820 |
| Interest and investment income | $645,446 |
| Earned fees | $624,086 |
| Other revenue | $57,286 |
| Total Income | $23,955,635 |
Programs: 96% Fundraising: 3% Administrative: 2%
| Total Income | $23,955,635 |
| Total expenses: | $17,959,874 |
| Program expenses | $17,185,709 |
| Fundraising expenses | $482,484 |
| Administrative expenses | $291,681 |
| Other expenses | $0 |
| Income in Excess of Expenses | $5,995,761 |
| Beginning Net Assets | $85,439,675 |
| Other Changes In Net Assets | $4,616,066 |
| Ending Net Assets | $99,337,352 |
| Total Liabilities | $91,502,073 |
| Total Assets | $190,839,425 |
Note: In the financial summary above "other changes in net assets" refers to depreciation ($4,537,394) and amortization ($78,672).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Review in Progress
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Report completed by:
BBB Wise Giving Alliance