The Housing Collective Inc

Nonprofit profile at a glance

EIN
205529890
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Bridgeport, CT, USA
Phone
2035793180
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Delinquency Prevention

Reported finances

Revenue
$12,671,056
Expenses
$12,242,999
Assets
$8,623,034
Liabilities
$7,558,152

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

Leadership & pay

18 people listed

Executive titles in this filing

  • DAVID RICH (PRESIDENT & CEO)

Highest reported compensation

  • DAVID RICH (PRESIDENT & CEO): $160,416 total reported compensation
  • MELISSA KAPLAN-MACEY (CHIEF INITIATIVE OFFICER): $153,447 total reported compensation
  • LAUREN SHEEHAN (CHIEF OPERATING AND STRATEGIC OFFICER): $129,897 total reported compensation

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

Overview

Mission

The housing collective harnesses the power of collective impact to provide access to safe and affordable housing and ensure housing stability for all.

What it reported doing in 2024

The corporation supports opening doors fairfield county, the regional hud designated continuum of care system through funding by hud's continuum of care homeless assistance program. Activities include designing and carrying out a collabortive process for the development of an application to hud; evaluating the outcomes of projects for which funds are awarded; and developing a regionwide process involving the coordination of multiple stakeholders for ending homelessness.the corporation promotes cross sector collaboration between the region's workforce development board ("the workplace inc.") and the area's prominent homeless providers that include alpha community services/cccymca and new reach, new haven. The goal of supportive services for veteran families ("ssvf") is to help veteran families who are homeless or at risk of homelessness, quickly regain stability in permanent housing. Identifying housing opportunities and providing technical assistance, the corporation ensures successful implementation of this employment/housing model.the corporation is a subcontractor of operation hope who receives funding from the Connecticut department of mental health & addiction services to operate the bridgeport housing first ("bhf") program, a successful locally designed multi-agency initiative that was originally funded under a three-year federal grant. Under the bhf program, the corporation funds a team leader and provides leadership and programming support to oversee the operation of housing chronically homeless households in the greater bridgeport area.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 65
  • Accountability: 77
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: $70.18 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 25.8% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 20.2% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 25.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 92.4% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $11.3M in reported program spending
  • Leadership: top reported pay $160K · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.