Housing Collaborative
- Assets
- $3.7m
- Revenue
- $83.3m
- Investments
- $0.0
- Employees
- 67
- Location
- Charlotte, NC
- Founding
- 07/2000
- Data as of
- 03/2022
- EIN
- 56-2173215
Organization Overview
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 03/2022, Housing Collaborative employed 67 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 03/2022, Housing Collaborative generated $83.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $82.1m during the year ending 03/2022. While expenses have increased by 54.8% 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
TO MAKE AFFORDABLE HOUSING EASIER TO NAVIGATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COLLABORATIVE WAS FOUNDED IN 1999 WITH A GOAL TO FACILITATE ACCESS TO HOUSING VIA ONLINE- AND CALL CENTER-BASED HOUSING LOCATION SERVICES. WE HAVE LONG BEEN COMMITTED TO SECOND CHANCE EMPLOYMENT AND INTERNAL PROGRAMMING. MANY OF OUR EMPLOYEES HAVE EXPERIENCED BARRIERS TO EMPLOYMENT SUCH AS JUSTICE SYSTEM INVOLVEMENT, DOMESTIC VIOLENCE, AND/OR HOUSING CRISES. WITH INTENSIVE TRAINING AND SUPPORT, OUR TEAM MEMBERS BECOME CARING, RESOURCEFUL HOUSING EXPERTS. OVER TIME, OUR HOUSING PLACEMENT AND RETENTION SERVICES HAVE EXPANDED THANKS TO OUR UNDERSTANDING OF AND RESPONSIVENESS TO THE NEEDS OF HOUSING AND SERVICES PROVIDERS AS WELL AS TENANTS. CONTINUED ON SCHEDULE O IN FY22, HOUSING COLLABORATIVE CONTINUED ITS SERVICES TO HELP ADDRESS THE HOUSING CRISIS CAUSED BY COVID 19. WE CONTINUED OUR PARTNERSHIP WITH DREAMKEY PARTNERS TO DISTRIBUTE RENT, UTILITY, AND HOTEL PAYMENT ASSISTANCE, AND FURTHER EXPANDED OUR HOUSINGCLT PROGRAM TO SECURE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. -- APPROXIMATELY $75M IN IN DIRECT FINANCIAL ASSISTANCE WAS DISTRIBUTED TO SUPPORT HOUSING RETENTION FOR OVER 11,600 HOUSEHOLDS. -- THROUGH HOUSING COLLABORATIVE'S HOUSINGCLT PROGRAM, 286 FORMERLY HOMELESS FAMILIES SECURED PERMANENT HOUSING. -- 428 HOUSEHOLDS WERE ASSISTED WITH FIRST MONTH'S RENT AND SECURITY DEPOSITS THROUGH THE DEPOSIT ASSISTANCE PROGRAM. -- $1.165M IN ASSISTANCE WAS PROVIDED TO REMOVE BARRIERS TO HOUSING FOR 394 HOUSEHOLDS, INCLUDING ARREARS, APPLICATION FEES, AND LANDLORD INCENTIVES. -- THREE EMPLOYEES WERE PROMOTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Peele President And CEO | Officer | 40 | $139,695 |
Lakisha Jones Vice Chair | OfficerTrustee | 2 | $0 |
Kim Graham Treasurer/secretary | OfficerTrustee | 2 | $0 |
Barbara Rein Chair | Officer | 2 | $0 |
Miriam Espaillat Member | Trustee | 1 | $0 |
Erin Barbee Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,185,275 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,835,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,589,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,610,516 |
| Total Program Service Revenue | $2,279,017 |
| Investment income | $30 |
| 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 | $83,275,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,142,692 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,499 |
| Compensation of current officers, directors, key employees. | $6,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,669,378 |
| Pension plan accruals and contributions | $26,117 |
| Other employee benefits | $167,481 |
| Payroll taxes | $146,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,242 |
| Advertising and promotion | $51,877 |
| Office expenses | $81,357 |
| Information technology | $144,191 |
| Royalties | $0 |
| Occupancy | $182,462 |
| Travel | $1,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,650 |
| Insurance | $11,156 |
| All other expenses | $0 |
| Total functional expenses | $82,057,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,603,491 |
| Savings and temporary cash investments | $143,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,765,568 |
| 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 | $27,994 |
| Net Land, buildings, and equipment | $91,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,867 |
| Total assets | $3,657,105 |
| Accounts payable and accrued expenses | $176,944 |
| Grants payable | $0 |
| Deferred revenue | $544,204 |
| 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 | $689 |
| Total liabilities | $721,837 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,935,268 |
| Total liabilities and net assets/fund balances | $3,657,105 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Collaborative has recieved totaling $1,293,635.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Charlotte Charlotte, NC PURPOSE: PROGRAM OPERATING COSTS; RESTRICTED PROGRAM FUNDING TO ADVANCE CONTRACTED OUTCOMES | $1,054,938 |
North Carolina Coalition To End Homelessness Inc Raleigh, NC PURPOSE: AID TO HOMELESS | $238,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |