Overview
What is Housing Collaborative?
The Housing Collaborative is a nonprofit organization founded in 1999, based in Charlotte, North Carolina. Their mission is to facilitate easier access to affordable housing by providing online and call center-based housing location services. With a team of dedicated members, many of whom have overcome housing barriers, they offer housing navigation assistance and have expanded their services over the years. In FY23, they rebranded and focused their efforts on North Carolina, forming new partnerships and providing financial assistance to help individuals secure and maintain housing. Through these collaborations, they distributed over $30 million in direct financial assistance and helped over 5,000 households, while also securing permanent housing for 267 households experiencing homelessness. The organization's services include housing placement, housing-related financial assistance, and housing inspection services, aiming to expand their reach to 80 counties by the end of 2023.
Official website here: www.housingcollab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Housing Collaborative has earned a three-star rating from Charity Navigator, reflecting an overall score of 87%, which is based entirely on its accountability and finance performance. This high score indicates a strong commitment to transparency and sound financial practices. The organization boasts 100% independent board members and has received full points across several key accountability metrics, demonstrating robust governance and oversight.
The financial health of Housing Collaborative is notable, with a program expense ratio of 99.58%, signaling that nearly all its expenses are directed toward its mission-related activities. The lack of material diversion of assets and a well-structured audit process contribute positively to its accountability score. However, the organization did face challenges in fundraising efficiency, with a notably low score in this area, which could present hurdles in sustainable funding.
While Housing Collaborative has many strengths in governance and financial management, its limited working capital may impact its operational flexibility. Overall, the charity stands out for its integrity and commitment to its mission, despite some areas that may require further improvement to enhance its long-term financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Collaborative legitimate?
Housing Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Collaborative 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: $169,347
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,809,869
For more financial information, click here
Official website here: www.housingcollab.org
What is the mission statement of Housing Collaborative?
The Housing Collaborative is dedicated to making the process of securing affordable housing more accessible. They accomplish this by gathering and disseminating housing information, partnering with property providers, and offering support to tenants in their application process. The organization, which was established in 1999, has expanded its services over the years, responding to the needs of both housing and services providers and residents. In FY23, the Housing Collaborative continued its partnership with Dreamkey Partners to distribute financial assistance to those impacted by COVID-19 and expanded its housing placement services to secure housing for individuals experiencing homelessness throughout the state. The organization provided approximately $30.2 million in direct financial assistance to support housing retention for 5,135 households and helped 267 households secure permanent housing. Additionally, they established new partnerships to expand their housing placement, housing-related financial assistance, and housing inspection services.
Official website here: www.housingcollab.org
Who is the CEO of Housing Collaborative?
Tara Peele is the CEO of Housing Collaborative The CEO's salary of Housing Collaborative is $152,234 and their total compensation is $169,347.
Official website here: www.housingcollab.org
What is the revenue of Housing Collaborative?
Housing Collaborative's revenue in 2024 was $5,684,756.
Official website here: www.housingcollab.org
Who are the executives of Housing Collaborative and what are their salaries?
The average compensation at Housing Collaborative during 2024 was $38,062. There are 52 employees and 14 volunteers at Housing Collaborative.
Here are 15 key members and their salaries (Housing Collaborative's CEO's salary is $152,234 and their total compensation is $169,347):
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- Compensation: $152,234
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- Other: $17,113
Official website here: www.housingcollab.org
Where can I find the form 990 for Housing Collaborative?
Housing Collaborative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.housingcollab.org
Learn more at the official website: www.housingcollab.org
Mission Statement of Housing Collaborative
The Housing Collaborative, a pioneering organization founded in 1999, is dedicated to making the process of obtaining affordable housing more accessible. With a strong commitment to facilitating housing access through online- and call center-based services, the Collaborative has been an invaluable resource for individuals and families seeking housing assistance.
Originally known as SocialServe, the Housing Collaborative has a rich history of second chance employment. Many team members have faced housing and employment challenges themselves, and they use their experiences to help others navigate the complex world of housing programs. Over the years, the organization's housing placement and retention services have expanded, with a deep understanding of the needs of housing and services providers as well as residents. In FY23, the organization rebranded and refocused its efforts to provide more hands-on housing navigation services in North Carolina.
The Housing Collaborative's mission is to simplify the process of obtaining affordable housing. They accomplish this by gathering and providing housing information, recruiting property providers to partner with housing programs, supporting tenants in applying for housing or resources, coordinating housing inspections, and more. The organization's extensive partnerships, including with DreamKey Partners, have enabled them to distribute millions of dollars in financial assistance to support housing retention for thousands of households. Through their housing placement services, they have secured permanent housing for hundreds of households facing homelessness. Additionally, they have provided financial assistance for rent, utilities, application fees, and housing provider incentives to help over 400 households access and retain housing. The Housing Collaborative is continually expanding its reach and impact, forming new partnerships with organizations across North Carolina to provide housing placement, housing-related financial assistance, and housing inspection services to 80 counties by the end of 2023. Eleven employees have been promoted within the organization.
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Impact
October, 2024
Housing Collaborative has significantly impacted the affordable housing landscape in North Carolina. Founded in 1999, it strives to simplify the navigation of affordable housing through robust online and call center-based services. This organization has been particularly effective in addressing the unique needs of individuals facing barriers to housing and employment, leveraging the lived experiences of its team members to assist others facing similar challenges.
In recent years, particularly during fiscal year 2023, Housing Collaborative has expanded its housing placement and retention services, responding to the pressing needs of communities. The collaboration with DreamKey Partners has been noteworthy, distributing approximately $30.2 million in direct financial assistance to support housing retention for over 5,135 households. Furthermore, 267 households experiencing homelessness secured permanent housing through its placement services, with targeted assistance for those displaced by property sales and other events.
The organization also played a crucial role in facilitating access to resources, helping 354 households with nearly $600,000 in first month’s rent and security deposits through a city-funded program. Additionally, it provided $2.75 million to assist more than 400 households with various housing-related expenses, including rental subsidies and application fees.
Housing Collaborative’s network has grown through collaborations with various local and state agencies, enabling it to expand services to 80 counties by the end of 2023. This integration of services positions Housing Collaborative as a vital resource in the region, making affordable housing easier to navigate and fostering stability for individuals and families in need. The organization has also demonstrated a commitment to workforce development, promoting eleven employees in the past year, further enhancing its capacity to serve the community.
This information is meant to be a general summary of Housing Collaborative. 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 2024.
- Investment Income: $21,218
- Program Service Revenue: $629,972
- Gross Receipts: $5,684,756
Assets and Liabilities:
- Total Assets: $4,408,266
- Total Liabilities: $1,364,585
- Net Assets: $3,043,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contracted Services
Revenue
$629,972
Organization Details
Founding Year
1999
Principal Officer
Tara Peele
Website
www.housingcollab.orgNTEE Category
Code: L80 - Housing
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