Wake County Continuum of Care Dba Raleigh-wake Partnership to End and Prev
Nonprofit profile at a glance
- EIN
- 651267717
- IRS 990 coverage
- 2017–2022
- Forms available
- Form 990 2022, Form 990-EZ 2013
- Location
- Raleigh, NC, USA
- Phone
- 9192000801
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $843,157
- Expenses
- $1,062,737
- Assets
- $274,418
- Liabilities
- $64,243
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- EDWARD J BARBERIO (MEMBER)
- VINCE ROZIER (MEMBER)
- COBY CRANDALL (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to leverage the power of community to address systemic causes of homelessness through coordinated response, education, data, and advocacy.
What it reported doing in 2022
As the lead coordinated entry administrator, the partnership: 1) serves as the primary entity responsible for evaluating implementation of the coordinated entry policies and procedures, 2) consults with the coc lead agency on the development of specific evaluation strategies and methods, which will include soliciting feedback from homeless service providers and currently or formerly homeless households, 3) develops and delivers training necessary for implementation of the coordinated entry policies and procedures, 4) manages several governance and coordination processes of the raleigh / wake nc 507 coordinated entry including the by-name list meetings, other coordinated entry coordination meetings as listed in the policies and procedures, the coc housing vouchers prioritization and referral process, etc., 5) provides individualized technical assistance to providers to address coordinated entry implementation challenges, 6) address implementation challenges specifically related to data standards for coordinated entry, and 7) provides leadership, guidance, and coordination of efforts to further develop coordinated entry policies and procedures informed by the result of annual evaluations.
Operating model
- Revenue model
- Grant-funded. 94% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 63.9%; rating input score 64
- Fundraising efficiency: $936.83 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -26%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 18% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 18% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 80.6% of revenue deployed · 63.9% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $680K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2017 to 2022
- 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.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.