Housing Collaborative

Nonprofit profile at a glance

EIN
562173215
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
7049439412
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Support

Official website

Reported finances

Revenue
$13,376,028
Expenses
$13,098,366
Assets
$9,981,942
Liabilities
$7,188,680

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Tara Peele (President & CEO)

Highest reported compensation

  • Tara Peele (President & CEO): $179,421 total reported compensation

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

Overview

Mission

Housing Collaborative makes affordable housing easier to navigate by helping to secure rental housing for those experiencing or at risk of homelessness; and for those who have lost housing due to disaster or displacement. We make it easier for housing providers to work with program-connected households by expediting all aspects of housing placement.

What it reported doing in 2024

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. In FY25, Housing Collaborative continued our housing placement and inspection coordination services in 80 counties and expanded those services to Buncombe County in North Carolina: Housing Collaborative helped 902 households (1,842 people) experiencing or at risk of homelessness to secure housing across 81 counties, including 45 households (106 people) impacted by displacement events.We added over 350 new housing provider partners statewide.Our inspection team coordinated over 2,500 rental housing inspections.We checked in with property providers to provide support over 3,500 times.In FY25, Housing Collaborative provided $9.8M in housing-related financial assistance for households and incentives to develop and sustain housing provider partnerships: Over $9.6M in assistance was provided to help over 900 households experiencing or at risk of homelessness to access and retain housing, including rent and utility arrears, application fees, rental subsidies, and housing provider incentives.104 households were assisted with over $135K in security deposits through the City of Charlotte-funded Deposit Assistance Program.Four team members were promoted in FY25.

Operating model

Revenue model
Grant-funded. 71% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.1%; rating input score 96
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: $257.63 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.1%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: -6.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 32.7% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 96.1% of revenue deployed · 98.1% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $12.9M in reported program spending
  • Leadership: top reported pay $179K · 18 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $382K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.