Eastern Carolina Housing Organization (ECHO)
The solution to homelessness is housing...and everyone deserves a HOME.
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Eastern Carolina Housing Organization (ECHO)
EIN: 83-0421712
as of November 2023
as of November 13, 2023
Mission
Our mission is to break the cycles of homelessness experienced by individuals and families in our community.
Ruling year
2007
Chief Executive Officer
Joey T. Smoak
Main address
PO BOX 1275
MYRTLE BEACH, SC 29578 USA
EIN
83-0421712
Housing for the homeless
Transitional living
Homeless services
Population served
Adults
Homeless people
Low-income people
Extremely poor people
Out-of-home youth
NTEE code
Temporary Shelter For the Homeless (L41)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Rapid Re-Housing
The Rapid Re-Housing program is dedicated to helping individuals and families experiencing homelessness obtain and maintain stable housing. We understand that homelessness is a difficult and overwhelming experience, and we want to ensure that everyone has access to the support they need to achieve stability and improve their overall well-being.
Our program is offered at no cost to participating households and provides a range of services to help people achieve housing stability, including:
Temporary financial assistance for housing-related expenses (security deposit/rent/&utility deposits/assistance; Assistance with finding and securing appropriate housing; Housing case management
Rapid Re-Housing (Rural Areas)
The Rapid Re-Housing program is dedicated to helping individuals and families experiencing homelessness obtain and maintain stable housing. We understand that homelessness is a difficult and overwhelming experience, and we want to ensure that everyone has access to the support they need to achieve stability and improve their overall well-being.
Our program is offered at no cost to participating households and provides a range of services to help people achieve housing stability, including:
Temporary financial assistance for housing-related expenses (security deposit/rent/&utility deposits/assistance; Assistance with finding and securing appropriate housing; Housing case management
Permanent Supportive Housing
The Permanent Supportive Housing program is dedicated to providing long-term housing assistance and supportive services to chronically homeless individuals and families. Chronic homelessness is defined as a single continuous episode or multiple episodes of homelessness lasting 12 months or longer, with a qualified and documented disability.
One of the key components of our program is our commitment to providing the necessary long-term support through a range of individualized services, including:
Long-term financial assistance for expenses such as security deposit, rent, and utilities; Assistance with finding and securing appropriate housing; Housing case management to ensure participants are receiving the support they need; Help with obtaining public benefits; Connection to community resources and services such as employment, education, and healthcare.
Supportive Services for Veteran Families (SSVF)
The SSVF program is dedicated to helping low-income veteran families who are experiencing or at risk of homelessness. We understand that veterans and their families have made sacrifices to protect our country, and we want to ensure that they have access to the support they need to achieve housing stability.
SSVF is offered at no cost to the participating veteran families and provides a wide range of services to help these families obtain and maintain stable housing, including:
Temporary financial assistance to help with rent or other housing-related costs; Eviction prevention services to help families stay in their current homes; Assistance with finding and securing new housing; Case management to ensure that families are receiving the support they need; Help with obtaining public and VA benefits, such as housing vouchers; Connections to community resources and services such as employment, education, and healthcare; Outreach to help families who may be hesitant to seek assistance
Supportive Services for Veteran Families (SSVF) Rural Areas
The SSVF program is dedicated to helping low-income veteran families who are experiencing or at risk of homelessness. We understand that veterans and their families have made sacrifices to protect our country, and we want to ensure that they have access to the support they need to achieve housing stability.
SSVF is offered at no cost to the participating veteran families and provides a wide range of services to help these families obtain and maintain stable housing, including:
Temporary financial assistance to help with rent or other housing-related costs; Eviction prevention services to help families stay in their current homes;Assistance with finding and securing new housing; Case management to ensure that families are receiving the support they need; Help with obtaining public and VA benefits, such as housing vouchers; Connections to community resources and services.
Homelessness Prevention
The Homelessness Prevention program is dedicated to helping very low-income individuals and families who are facing eviction and at risk of homelessness. We understand that housing instability has a significant impact on a person’s life, and we want to ensure that everyone has access to the support they need to achieve stability and remain stably housed within the community.
This program is offered at no cost to participating households and provides a wide range of services to help individuals and families achieve housing stability, including: Temporary financial assistance for expenses such as rental arrears, rent, security deposit, utility arrears/deposits/assistance; Eviction prevention services to help people stay in their homes; Housing case management; Connections to community resources and public benefits
Transitional Bridge Housing for Veterans
John’s Place at Nardmoor is a transitional bridge housing program designed to help homeless veterans stabilize from homelessness and work towards securing permanent housing. We recognize the sacrifices made by veterans in service to our country, and are committed to providing them with the necessary support to attain stability and improve their overall well-being. John’s Place is situated in the beautifully remodeled Narmoor facility, nestled in a residential area of Myrtle Beach, SC.
This program is offered at no cost to participating veterans. The program and facility offer a comprehensive range of services including: Comfortable community living facility for up to 40 male veterans; 24-hour onsite support and management; Healthy and well-balanced meals crafted and prepared by a professional chef; Housing case management to address barriers to housing; Assistance in obtaining public and VA benefits, including disability; Connections to community resources and public benefits.
Where we work
External reviews
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, Staff find it hard to prioritize feedback collection and review due to lack of time
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
0.42
Months of cash in 2021 info
0.6
Fringe rate in 2021 info
21%
Funding sources info
Assets & liabilities info
Financial data
Eastern Carolina Housing Organization (ECHO)
Revenue & expensesFiscal Year: Jan 01 - Dec 31
Eastern Carolina Housing Organization (ECHO)
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Eastern Carolina Housing Organization (ECHO)
Financial trends analysis Glossary & formula definitionsFiscal Year: Jan 01 - Dec 31
This snapshot of Eastern Carolina Housing Organization (ECHO)’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
| Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $14,249 | $31,232 | $28,354 | $842,108 | $625,365 |
| As % of expenses | 0.6% | 1.1% | 0.7% | 12.7% | 4.9% |
| Unrestricted surplus (deficit) after depreciation | $10,114 | $15,608 | -$4,255 | $786,806 | $511,590 |
| As % of expenses | 0.4% | 0.5% | -0.1% | 11.7% | 3.9% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $2,444,187 | $2,896,999 | $3,901,395 | $7,493,829 | $13,355,938 |
| Total revenue, % change over prior year | 30.7% | 18.5% | 34.7% | 92.1% | 78.2% |
| Program services revenue | 3.6% | 3.1% | 5.3% | 7.3% | 6.4% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Government grants | 96.4% | 95.3% | 92.4% | 75.3% | 92.5% |
| All other grants and contributions | 0.0% | 1.5% | 2.3% | 17.4% | 1.0% |
| Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $2,429,938 | $2,865,767 | $3,856,251 | $6,647,472 | $12,843,386 |
| Total expenses, % change over prior year | 29.0% | 17.9% | 34.6% | 72.4% | 93.2% |
| Personnel | 32.5% | 35.4% | 35.1% | 34.0% | 21.7% |
| Professional fees | 0.0% | 2.8% | 1.8% | 1.1% | 0.0% |
| Occupancy | 0.0% | 1.3% | 1.7% | 1.2% | 67.3% |
| Interest | 0.4% | 0.3% | 0.4% | 0.4% | 0.7% |
| Pass-through | 0.0% | 0.6% | 2.5% | 2.0% | 1.1% |
| All other expenses | 67.1% | 59.5% | 58.5% | 61.4% | 9.2% |
| Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $2,434,073 | $2,881,391 | $3,888,860 | $6,702,774 | $12,957,161 |
| One month of savings | $202,495 | $238,814 | $321,354 | $553,956 | $1,070,282 |
| Debt principal payment | $0 | $0 | $0 | $0 | $55,511 |
| Fixed asset additions | $16,790 | $98,112 | $201,846 | $2,676,784 | $0 |
| Total full costs (estimated) | $2,653,358 | $3,218,317 | $4,412,060 | $9,933,514 | $14,082,954 |
Capital structure indicators
| Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Months of cash | 0.3 | 0.2 | 0.3 | 1.0 | 0.6 |
| Months of cash and investments | 0.3 | 0.2 | 0.3 | 1.0 | 0.7 |
| Months of estimated liquid unrestricted net assets | 0.1 | -0.2 | -0.4 | 0.3 | 0.8 |
| Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Cash | $56,189 | $47,918 | $91,904 | $534,087 | $634,481 |
| Investments | $0 | $0 | $0 | $45,309 | $91,318 |
| Receivables | $150,408 | $65,368 | $102,906 | $331,646 | $324,626 |
| Gross land, buildings, equipment (LBE) | $29,057 | $127,169 | $329,015 | $3,005,799 | $3,103,813 |
| Accumulated depreciation (as a % of LBE) | 35.3% | 20.4% | 17.8% | 3.8% | 7.6% |
| Liabilities (as a % of assets) | 86.5% | 78.6% | 91.0% | 78.1% | 64.4% |
| Unrestricted net assets | $30,526 | $46,134 | $41,879 | $828,685 | $1,340,275 |
| Temporarily restricted net assets | $0 | $0 | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $4,249 | $58,097 |
| Total net assets | $30,526 | $46,134 | $41,879 | $832,934 | $1,398,372 |
Key data checks
| Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Chief Executive Officer
Joey T. Smoak
Number of employees
Source: IRS Form 990
Eastern Carolina Housing Organization (ECHO)
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Eastern Carolina Housing Organization (ECHO)
Board of directorsas of 11/22/2023
Board of directors data
Terri Nardslico
Molly Keen
Rainbow Russell
Matt Wiseman
Kevin Grant
Wayne Gray
Taylor Sweat
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
Equity strategies
Last updated: 11/10/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
Contractors
Fiscal year endingGuideStar Pro Reports
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