Florida Collaborative for Affordable Housing & Community Dev

Nonprofit profile at a glance

EIN
811493636
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Riviera Beach, FL, USA
Phone
5618413500
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$174,046
Expenses
$264,239
Assets
$76,346
Liabilities
$49

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

Leadership & pay

5 people listed

People named in this filing

  • Ernest Coney Jr (Board Chair)
  • Carrie Davis (Vice Chair)
  • Sam Young (Treasurer)

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

The NeighborWorks Florida Collaborative is a statewide association of Florida's 12 local NeighborWorks Chartered member organizations. We exist to partner with funders, lenders and nonprofit practitioners to foster homeownership, develop affordable housing and provide needed capital in support of these efforts.

What it reported doing in 2024

One of the key accomplishments was the successful implementation of the member survey, which served as a repository of information related to the Collaboratives accomplishments, connections, experience, capacity, and interest. This survey data was instrumental in reaffirming and updating workgroup goals and priorities, ensuring that the Collaborative's efforts were aligned with the needs of its members and the communities they serve. The NWFLC hosted an educational session led by Kody Glazer from Florida Housing, focusing on the Live Local Act This session provided valuable insights and knowledge to the members, enhancing their capacity to address local housing challenges effectively. In 2024, the Collaborative also facilitated the development of a comprehensive survey of member organizations, covering financial, programmatic, operational, partnerships, outreach, marketing, and disaster readiness aspects. This survey played a crucial role in securing NeighborWorks funding support for disaster planning and hosting a Community Learning Institute (CLI) in 2024.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 65.8%; rating input score 66

Transparency & Controls

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

Sustainability

  • Operating margin: -51.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 77% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 56.4% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 15.5% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 65.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $174K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.