Housing Collaborative is located in Charlotte, NC. The organization was established in 2000. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 03/2024, Housing Collaborative employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Collaborative 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 03/2024, Housing Collaborative generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $6.2m during the year ending 03/2024. While expenses have increased by 27.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE AFFORDABLE HOUSING EASIER TO NAVIGATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COLLABORATIVE IS A NONPROFIT THAT MAKES AFFORDABLE HOUSING EASIER TO NAVIGATE. FOUNDED IN CHARLOTTE IN 1999, HOUSING COLLABORATIVE HELPS SECURE OR RETAIN HOUSING FOR HOUSEHOLDS EXPERIENCING HOMELESSNESS; THOSE WHO HAVE LOST HOUSING DUE TO DISASTER, DISPLACEMENT, OR EVICTION; AND THOSE WHO ARE AT RISK OF HOMELESSNESS. WE WORK IN COLLABORATION WITH OTHER MISSION-BASED ORGANIZATIONS BY LEVERAGING THEIR SUPPORTIVE SERVICES AND/OR PROGRAMMATIC RESOURCES WITH OUR HOUSING EXPERTISE AND HOUSING-RELATED RESOURCES. WE ARE COMMITTED TO SECOND CHANCES, AND TO USING OUR JOURNEYS TO HELP OTHERS. MANY OF OUR DEDICATED TEAM MEMBERS HAVE EXPERIENCED BARRIERS TO HOUSING AND EMPLOYMENT LIKE JUSTICE SYSTEM INVOLVEMENT, HOMELESSNESS, OR DOMESTIC VIOLENCE. (CONTINUED ON SCHEDULE O)IN FY24, HOUSING COLLABORATIVE CONTINUED OUR HOUSING PLACEMENT AND INSPECTION COORDINATION SERVICES IN MECKLENBURG COUNTY AND EXPANDED THOSE SERVICES TO 79 ADDITIONAL COUNTIES IN NORTH CAROLINA: HOUSING COLLABORATIVE HELPED 332 HOUSEHOLDS (753 PEOPLE) EXPERIENCING OR AT RISK OF HOMELESSNESS TO SECURE HOUSING ACROSS 80 COUNTIES, INCLUDING 61 HOUSEHOLDS (103 PEOPLE) IMPACTED BY DISPLACEMENT EVENTS IN MECKLENBURG COUNTY.WE ADDED 83 NEW HOUSING PROVIDER PARTNERS STATEWIDE.OUR INSPECTION TEAM COORDINATED OVER 1,080 RENTAL HOUSING INSPECTIONS.WE CHECKED IN WITH PROPERTY PROVIDERS TO PROVIDE SUPPORT OVER 1,400 TIMES.IN FY24, HOUSING COLLABORATIVE PROVIDED APPROXIMATELY $3.7M IN HOUSING-RELATED FINANCIAL ASSISTANCE FOR HOUSEHOLDS AND INCENTIVES TO DEVELOP AND SUSTAIN HOUSING PROVIDER PARTNERSHIPS:$2.97M IN ASSISTANCE WAS PROVIDED TO HELP OVER 700 HOUSEHOLDS EXPERIENCING HOMELESSNESS TO ACCESS AND RETAIN HOUSING, INCLUDING ARREARS, APPLICATION FEES, RENTAL SUBSIDIES, AND HOUSING PROVIDER INCENTIVES.350 HOUSEHOLDS WERE ASSISTED WITH OVER $600K IN FIRST MONTH'S RENT AND SECURITY DEPOSITS THROUGH THE CITY OF CHARLOTTE-FUNDED DEPOSIT ASSISTANCE PROGRAM.APPROXIMATELY $129K IN IN DIRECT FINANCIAL ASSISTANCE WAS DISTRIBUTED TO SUPPORT HOUSING RETENTION FOR 26 HOUSEHOLDS IN PARTNERSHIP WITH DREAMKEY PARTNERS.SEVEN TEAM MEMBERS WERE PROMOTED IN FY24.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lakisha Jones Chair | OfficerTrustee | 2 | $0 |
Kim Graham Vice Chair | OfficerTrustee | 2 | $0 |
Jay Potter Treasurer | OfficerTrustee | 2 | $0 |
Mark Ethridge Secretary | OfficerTrustee | 2 | $0 |
Erin Barbee Member | Trustee | 1 | $0 |
Bill Bolstad Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,798,116 |
All other contributions, gifts, grants, and similar amounts not included above | $233,155 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,031,271 |
Total Program Service Revenue | $629,972 |
Investment income | $21,218 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,684,756 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,298,621 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $169,347 |
Compensation of current officers, directors, key employees. | $10,859 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,809,869 |
Pension plan accruals and contributions | $33,125 |
Other employee benefits | $124,760 |
Payroll taxes | $157,123 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $48,376 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $130,447 |
Advertising and promotion | $27,223 |
Office expenses | $37,693 |
Information technology | $52,659 |
Royalties | $0 |
Occupancy | $21,061 |
Travel | $7,386 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,445 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $69,842 |
Insurance | $14,846 |
All other expenses | $0 |
Total functional expenses | $6,212,837 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $565,424 |
Savings and temporary cash investments | $355,427 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,259,381 |
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 | $51,479 |
Net Land, buildings, and equipment | $123,823 |
Investments—publicly traded securities | $389,227 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $516,194 |
Total assets | $3,260,955 |
Accounts payable and accrued expenses | $136,883 |
Grants payable | $0 |
Deferred revenue | $116,453 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $492,019 |
Total liabilities | $745,355 |
Net assets without donor restrictions | $2,498,104 |
Net assets with donor restrictions | $17,496 |
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 | $3,260,955 |