Overview
What is The Housing Collective Inc?
The Housing Collective Inc, located at 815 Main Street 2nd Floor, Bridgeport, CT 06604, serves as the regional administrator for the Connecticut Rapid Re-Housing Program (CTRRP). This state-wide initiative, funded by the Connecticut Department of Housing, aims to assist homeless households in transitioning out of their predicament and into stable housing through the provision of temporary support services. The organization collaborates with regional providers such as Operation Hope (Greater Bridgeport Area), Homes with Hope (Greater Norwalk Area), Inspirica (Greater Stamford Area), and The Association of Religious Communities, ensuring seamless implementation of rapid rehousing services across the Coordinated Access Network area. The Housing Collective Inc's mission is to bridge the gap between needs and resources, providing necessary infrastructure and leadership to support state- and country-wide efforts to address homelessness, particularly in Western CT. With a team of 25 employees, the organization leads efforts to end homelessness.
Official website here: www.shworks.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Housing Collective Inc has received a commendable rating of 87% from Charity Navigator, which reflects a solid commitment to accountability and financial management. The organization's Independent Board structure is robust, with 100% of its members being independent, and it also scores perfectly on the audit of financial statements. However, the organization does have some missing policies, such as a whistleblower policy and a document retention policy, which may be areas for improvement.
In terms of impact, The Housing Collective Inc excels with an impressive impact score of 100 out of 100. The organization has successfully achieved outcomes for 2,730 beneficiaries within a year, showcasing its effectiveness in serving the community. The high program expense ratio of 93.91% indicates that the majority of its expenses directly support its programs, demonstrating a strong focus on mission fulfillment.
Despite its strengths, the organization faces challenges reflected in its liabilities to assets ratio, which is significantly high at 92.73%. This could raise concerns about financial stability moving forward. Overall, The Housing Collective Inc is a well-rated nonprofit with a strong impact but should address its policy gaps and financial ratios for continued growth and stability.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Collective Inc legitimate?
The Housing Collective Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Collective Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,229,203
For more financial information, click here
Official website here: www.shworks.org
What is the mission statement of The Housing Collective Inc?
The Housing Collective Inc's mission is to bridge the gap between the needs and resources for the homeless population. They provide the necessary infrastructure and leadership to support efforts aimed at ending homelessness, not just locally, but on a state-wide level. The corporation serves as the regional administrator for the Connecticut Rapid Re-Housing Program (CTRRP), a state-wide initiative funded by the Connecticut Department of Housing. CTRRP assists homeless households in quickly transitioning out of homelessness into permanent housing by providing time-limited housing supports and strategies, with the ultimate goal of achieving housing stability. The corporation collaborates with various regional providers, including Operation Hope, Homes with Hope, Inspirica, and the Association of Religious Communities, to seamlessly implement rapid rehousing services, ensuring coverage throughout the Coordinated Access Network area.
Official website here: www.shworks.org
Who is the CEO of The Housing Collective Inc?
David Rich is the Member of The Housing Collective Inc.
Official website here: www.shworks.org
What is the revenue of The Housing Collective Inc?
The Housing Collective Inc's revenue in 2022 was $9,382,708.
Official website here: www.shworks.org
Who are the executives of The Housing Collective Inc and what are their salaries?
The average compensation at The Housing Collective Inc during 2022 was $49,168. There are 25 employees at The Housing Collective Inc.
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Official website here: www.shworks.org
Where can I find the form 990 for The Housing Collective Inc?
The Housing Collective Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shworks.org
Learn more at the official website: www.shworks.org
Mission Statement of The Housing Collective Inc
The Housing Collective Inc, a dedicated organization, is committed to bridging the gap between the needs and available resources for the homeless population. Their mission is twofold: firstly, they provide the necessary infrastructure and leadership to support efforts in Western Connecticut and across the state to combat homelessness. Secondly, they act as the regional administrator for the Connecticut Rapid Re-Housing Program (CTRRP), a state-wide initiative funded by the Connecticut Department of Housing.
The CTRRP is designed to assist homeless households in quickly transitioning out of homelessness and into permanent housing. This is achieved through the provision of time-limited housing supports and strategies, with the ultimate goal of achieving housing stability. The Housing Collective Inc collaborates with several regional providers, including Operation Hope (Greater Bridgeport Area), Homes with Hope (Greater Norwalk Area), Inspirica (Greater Stamford Area), and the Association of Religious Communities. By partnering with these organizations, The Housing Collective Inc ensures that rapid rehousing services are seamlessly implemented, providing comprehensive coverage throughout the Coordinated Access Network area.
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Impact
October, 2024
The Housing Collective Inc plays a pivotal role in bridging the gap between the needs of the homeless population and the available resources to support them. By serving as the regional administrator for the Connecticut Rapid Re-Housing Program (CTRRP), it facilitates an essential statewide initiative aimed at swiftly moving homeless households into permanent housing. This program provides time-limited housing supports and strategies, focusing on achieving housing stability for vulnerable individuals and families.
Through its partnerships with regional providers such as Operation Hope, Homes with Hope, Inspirica, and the Association of Religious Communities, The Housing Collective ensures that rapid re-housing services are effectively implemented across the Greater Bridgeport, Greater Norwalk, and Greater Stamford areas. This collaborative approach not only enhances service delivery but also fosters a coordinated access network that maximizes impact by addressing homelessness comprehensively throughout Western Connecticut.
By fulfilling its mission to provide the necessary infrastructure and leadership, The Housing Collective Inc significantly contributes to statewide efforts aimed at ending homelessness, making a tangible difference in the lives of many individuals and families in need.
This information is meant to be a general summary of The Housing Collective Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $18,000
- Gross Receipts: $9,382,708
Assets and Liabilities:
- Total Assets: $6,878,977
- Total Liabilities: $6,379,066
- Net Assets: $499,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER AND ADMINIST
Revenue
$18,000
Organization Details
Founding Year
2006
Phone
(203) 579-3180Principal Officer
David Rich
Main Address
815 MAIN STREET 2ND FLOOR, BRIDGEPORT, CT, 06604
Website
www.shworks.orgNTEE Category
Code: I21 - Crime
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