Copper Circle

Nonprofit profile at a glance

EIN
464525015
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Raleigh, NC, USA
Phone
9197821165
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Temporary Housing

Reported finances

Revenue
$69,918
Expenses
$52,751
Assets
$104,878
Liabilities
$7,877

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JOSIE EATMON (INTERIM EXECUTIVE DIRECTOR)
  • ELIZABETH RILEY (PRESIDENT)
  • NIKKI WORTHLEY (VICE PRESIDENT)
  • LATOYA PATTERSON (IMMEDIATE PAST PRESIDENT)

People named in this filing

  • JOSIE EATMON (INTERIM EXECUTIVE DIRECTOR)
  • ELIZABETH RILEY (PRESIDENT)
  • NIKKI WORTHLEY (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to build stronger communities by harnessing the skills and resources of the rental housing industry to advance professional development and efforts to end homelessness.

What it reported doing in 2024

A new lease on life is designed to help those who are experiencing homelessness get back on their feet through stable housing. We work with other nonprofit agencies and rental communities to provide apartments at a reduced rate with gradual quarterly increases over a 12- to 24-month period.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 100
  • Sustainability: 64
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.4%; rating input score 23
  • Program expense ratio: 31.1%; rating input score 31

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 24.6%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 1.99; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -91.7% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: -6.2% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 23.4% of revenue deployed · 31.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $16K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 31/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.