Roof Above Inc
- Assets
- $104.5m
- Revenue
- $30.6m
- Investments
- $377.1k
- Employees
- 246
- Location
- Charlotte, NC
- Founding
- 11/1993
- Data as of
- 06/2022
- EIN
- 56-1837620
Organization Overview
Roof Above Inc is located in Charlotte, NC. The organization was established in 1993. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Roof Above Inc employed 246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roof Above Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Roof Above Inc generated $30.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $23.3m during the year ending 06/2022. While expenses have increased by 23.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROOF ABOVE, INC. IS AN INTERFAITH, NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO UNITE THE COMMUNITY TO END HOMELESSNESS, ONE LIFE AT A TIME. WE DO SO BY PROVIDING AN ARRAY OF HOMELESS SERVICES AND HOUSING SERVICES IN THE CHARLOTTE METRO REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCATTERED-SITE HOMELESS TO HOMES PROGRAM - THROUGH THIS PERMANENT SUPPORTIVE HOUSING PROGRAM, ROOF ABOVE CONNECTS CHRONICALLY HOMELESS INDIVIDUALS WITH A RENT SUBSIDY, WHICH IS USED ON THE PRIVATE MARKET. THE ROOF ABOVE SCATTERED-SITE TEAM PROVIDES SUPPORTIVE SERVICES WITHIN THE HOME OF TENANTS IN THIS PROGRAM.MOORE PLACE - MOORE PLACE IS A 120-UNIT APARTMENT BUILDING, OWNED BY ROOF ABOVE THAT PROVIDES SINGLE-ROOM OCCUPANCY, PERMANENT SUPPORTIVE HOUSING UNITS TO PEOPLE WHO HAVE BEEN CHRONICALLY HOMELESS.HOUSING FIRST CHARLOTTE-MECKLENBURG A SCATTERED-SITE PERMANENT SUPPORTIVE HOUSING PROGRAM IN PARTNERSHIP WITH MECKLENBURG COUNTY TO PROVIDE HOUSING FOR 80 PEOPLE COMING OUT OF CHRONIC HOMELESSNESS. SHARED REHOUSING - ROOF ABOVE PROVIDES SHORT-TERM RENTAL ASSISTANCE AND SUPPORT SERVICES TO HOUSEHOLDS MOVING OUT OF HOMELESSNESS. SERVICES CAN LAST AS SHORT AS ONE MONTH OR AS LONG AS 24 MONTHS. THESE SERVICES ARE LARGELY TARGETED TOWARDS HOUSEHOLDS EXPERIENCING SITUATIONAL HOMELESSNESS.SUBSTANCE ABUSE TREATMENT PROGRAM WITH HOUSING ("SABER") - THE SABER TREATMENT PROGRAM COMBINES INTENSIVE OUTPATIENT AND GROUP THERAPY WITH TRANSITIONAL HOUSING.HILLROCK ESTATES - ROOF ABOVE IS THE OWNER OF THIS 341 UNIT APARTMENT COMMUNITY. UPON PURCHASING THE APARTMENT COMMUNITY, ALL UNITS WERE DEED-RESTRICTED FOR 25+ YEARS AS AFFORDABLE HOUSING. AS UNITS BECOME AVAILABLE, 75 UNITS WILL BE FILLED WITH INDIVIDUALS COMING OUT OF CHRONIC HOMELESSNESS, WHO WILL PAY 30% OF THEIR INCOME TOWARDS RENT. FOR THESE 75 UNITS, CASE MANAGEMENT AND NURSING CARE IS PROVIDED ON-SITE AND WITHIN PEOPLE'S HOMES.
SHELTER OPERATIONS: ROOF ABOVE OPERATES THREE EMERGENCY SHELTER FACILITIES IN CHARLOTTE, NORTH CAROLINA, COMPRISED OF MORE THAN 530 BEDS, FOR THE PURPOSE OF SHELTERING AND PROVIDING SERVICES FOR MEN EXPERIENCING HOMELESSNESS. THE SHELTER'S SERVICES TO ITS GUESTS FOCUS ON INCREASING THEIR EMPLOYMENT INCOME AND OBTAINING HOUSING. EMBEDDED IN ONE OF THE THREE SHELTERS IS A WELLNESS WING COMPRISED OF ORGANIZATIONAL PARTNERSHIP TO PROVIDE SUBSTANCE USE, MENTAL ILLNESS, AND PHYSICAL HEALTHCARE SERVICES TO GUESTS. IN ADDITION, IN DECEMBER 2021 WE RESTARTED OUR COMMUNITY-BASED WINTER SHELTER ROOM IN THE INN PROGRAM, WHICH HAD BEEN PAUSED THE PREVIOUS YEAR DUE TO COVID-19. ROOF ABOVE CONTINUED TO LEAD OPERATIONS FOR A COUNTY-FUNDED MOTEL-BASED SHELTER FOR SENIORS. IN ADDITION, THE COUNTY-FUNDED MOTEL-BASED SHELTER FOR PEOPLE DISPLACED FROM A LARGE ENCAMPMENT FOR WHICH ROOF ABOVE LED OPERATIONS WAS CLOSED IN OCTOBER 2021. ROOF ABOVE OPERATED A VERY SMALL MOTEL-BASED EMERGENCY SHELTER FOR PEOPLE FROM THE PREVIOUS ENCAMPMENT MOTEL WHO WERE STILL ACTIVELY WORKING TOWARDS HOUSING SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Schaaf Chair | OfficerTrustee | 5 | $0 |
Harry Redd Vice Chair | OfficerTrustee | 4 | $0 |
David Goldberg Treasurer | OfficerTrustee | 2 | $0 |
Joy Patterson Secretary | OfficerTrustee | 2 | $0 |
Curtis Bodison Director | Trustee | 1 | $0 |
Sarah Charles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,651,574 |
| Related organizations | $0 |
| Government grants | $6,301,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,941,502 |
| Noncash contributions included in lines 1a–1f | $161,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,894,651 |
| Total Program Service Revenue | $5,937,600 |
| Investment income | $142,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$346,304 |
| Net Income from Fundraising Events | -$50,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,592,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,949,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,498 |
| Compensation of current officers, directors, key employees. | $291,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,978,090 |
| Pension plan accruals and contributions | $171,975 |
| Other employee benefits | $793,113 |
| Payroll taxes | $674,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,947 |
| Fees for services: Other | $2,012,453 |
| Advertising and promotion | $0 |
| Office expenses | $890,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,933,358 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,372,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,760,914 |
| Insurance | $360,753 |
| All other expenses | $10,352 |
| Total functional expenses | $23,314,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,681,222 |
| Savings and temporary cash investments | $115,220 |
| Pledges and grants receivable | $4,272,777 |
| Accounts receivable, net | $466,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68 |
| Net Land, buildings, and equipment | $86,157,519 |
| Investments—publicly traded securities | $4,396,335 |
| Investments—other securities | $377,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,467,167 |
| Accounts payable and accrued expenses | $1,640,929 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,990,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $570,932 |
| Total liabilities | $44,202,539 |
| Net assets without donor restrictions | $44,693,405 |
| Net assets with donor restrictions | $15,571,223 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $104,467,167 |