CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ROOF ABOVE INC, founded in 1993, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $24.0M in total revenue in fiscal year 2023. Expenses of $28.6M exceeded revenue, resulting in a 19% operating deficit.
ROOF ABOVE, INC. IS AN INTERFAITH, NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO UNITE THE COMMUNITY TO END HOMELESSNESS, ONE LIFE AT A TIME. WE DO SO BY PROVIDING AN ARRAY OF HOMELESS SERVICES AND HOUSING SERVICES IN THE CHARLOTTE METRO REGION. IN FISCAL YEAR 2024, ROOF ABOVE HELPED MOVE 466 INDIVIDUALS FROM HOMELESSNESS TO HOUSING.
HOMELESS TO HOMES PROGRAM - THROUGH THIS PERMANENT SUPPORTIVE HOUSING PROGRAM, ROOF ABOVE CONNECTS CHRONICALLY HOMELESS INDIVIDUALS WITH A RENT SUBSIDY, WHICH IS USED IN THE PRIVATE MARKET. THE ROOF...
HOMELESS TO HOMES PROGRAM - THROUGH THIS PERMANENT SUPPORTIVE HOUSING PROGRAM, ROOF ABOVE CONNECTS CHRONICALLY HOMELESS INDIVIDUALS WITH A RENT SUBSIDY, WHICH IS USED IN THE PRIVATE MARKET. THE ROOF ABOVE SCATTERED-SITE TEAM PROVIDES SUPPORTIVE SERVICES WITHIN THE HOME OF TENANTS IN THIS PROGRAM. MOORE PLACE - MOORE PLACE IS A 120-UNIT APARTMENT BUILDING, OWNED BY ROOF ABOVE THAT PROVIDES SINGLE-ROOM OCCUPANCY, PERMANENT SUPPORTIVE HOUSING UNITS TO PEOPLE WHO HAVE BEEN CHRONICALLY HOMELESS.HOUSING FIRST CHARLOTTE-MECKLENBURG PROGRAM - THIS IS A SCATTERED-SITE PERMANENT SUPPORTIVE HOUSING PROGRAM IN PARTNERSHIP WITH MECKLENBURG COUNTY THAT PROVIDES HOUSING FOR 80 PEOPLE COMING OUT OF CHRONIC HOMELESSNESS. SHARED REHOUSING - ROOF ABOVE PROVIDES SHORT-TERM RENTAL ASSISTANCE AND SUPPORT SERVICES TO HOUSEHOLDS MOVING OUT OF HOMELESSNESS. SERVICES CAN LAST AS SHORT AS ONE MONTH OR AS LONG AS 24 MONTHS. THESE SERVICES ARE LARGELY TARGETED TOWARDS HOUSEHOLDS EXPERIENCING SITUATIONAL HOMELESSNESS.SUBSTANCE ABUSE TREATMENT PROGRAM WITH HOUSING ("SABER") - THE SABER TREATMENT PROGRAM COMBINES INTENSIVE OUTPATIENT AND GROUP THERAPY WITH TRANSITIONAL HOUSING.HILLROCK ESTATES - ROOF ABOVE IS THE OWNER OF THIS 341-UNIT APARTMENT COMMUNITY. UPON PURCHASING THE APARTMENT COMMUNITY, ALL UNITS WERE DEED-RESTRICTED FOR 25+ YEARS AS AFFORDABLE HOUSING. ROOF ABOVE SETS ASIDE 75 UNITS FOR INDIVIDUALS COMING OUT OF CHRONIC HOMELESSNESS, WHO WILL PAY 30% OF THEIR INCOME TOWARDS RENT. FOR THESE 75 UNITS, CASE MANAGEMENT AND NURSING CARE IS PROVIDED ON-SITE AND WITHIN PEOPLE'S HOMES.SECU THE RISE ON CLANTON - ROOF ABOVE OWNS AND OPERATES THIS 88-UNIT PERMANENT SUPPORTIVE HOUSING COMMUNITY FOR PEOPLE COMING OUT OF CHRONIC HOMELESSNESS. THE SITE WAS PREVIOUSLY A HOTEL CONVERTED INTO SINGLE-ROOM OCCUPANCY APARTMENTS.
SHELTER OPERATIONS - ROOF ABOVE OPERATES THREE EMERGENCY SHELTER FACILITIES IN CHARLOTTE, NORTH CAROLINA, COMPRISED OF MORE THAN 510 BEDS, FOR THE PURPOSE OF SHELTERING AND PROVIDING SERVICES FOR MEN...
SHELTER OPERATIONS - ROOF ABOVE OPERATES THREE EMERGENCY SHELTER FACILITIES IN CHARLOTTE, NORTH CAROLINA, COMPRISED OF MORE THAN 510 BEDS, FOR THE PURPOSE OF SHELTERING AND PROVIDING SERVICES FOR MEN EXPERIENCING HOMELESSNESS. THROUGH SHELTER OPERATIONS, ROOF ABOVE FOCUSES ON INCREASING GUESTS' EMPLOYMENT INCOME AND OBTAINING HOUSING. EMBEDDED IN ONE OF THE THREE SHELTERS IS A WELLNESS WING COMPRISED OF ORGANIZATIONAL PARTNERSHIPS TO PROVIDE SUBSTANCE USE, MENTAL ILLNESS, AND PHYSICAL HEALTHCARE SERVICES TO GUESTS. IN ADDITION, ROOF ABOVE OPERATES ROOM IN THE INN, A COMMUNITY-BASED WINTER SHELTER.ROOF ABOVE OPERATES A DAY SERVICES CENTER FOCUSED ON MEETING THE BASIC NEEDS OF OUR NEIGHBORS WHO ARE UNSHELTERED, INCLUDING ACCESS TO SHOWERS, LAUNDRY, MAIL, A DAILY MEAL, WHILE ALSO WORKING TO CONNECT WITH RESOURCES INCLUDING EMERGENCY SHELTER AND HOUSING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $23,952,437 | $22,537,570 | +0.1% |
| Expenses | $28,619,882 | $25,682,992 | +0.1% |
| Net Income | $-4,667,445 | $-3,145,422 | +0.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOY PATTERSON | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLINE HUBBELL YINGLING | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID GOLDBERG | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRENT TORSTRICK | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELENA AIRAPETIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA BIRD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CURTIS BODISON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY CHESSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON CLARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GRAY DYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK ETHRIDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY FRANKLIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSIE KRNETA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG LEWIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN MARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENT MARTIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEEMS MAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STACEY MCCRAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HARRY REDD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY ROGERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHINETTE STEVENSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GLENN STEWART | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CLASEN-KELLY | CEO | 50.00 |
Officer
|
$162,215 | $7,678 | $169,893 |
| TONYA FRYE | CFO | 50.00 |
Officer
|
$135,725 | $15,046 | $150,771 |
| VERONICA RITCHIE | CHIEF PHILANTHROPY OFFICER | 50.00 |
Highest
|
$120,208 | $6,070 | $126,278 |
| KAEDON GRINNELL | CHEIF PROGRAM OFFICER | 50.00 |
Highest
|
$130,762 | $14,157 | $144,919 |
| TAMACIA BING | VP OF HUMAN RESOURCES | 45.00 |
Highest
|
$103,408 | $13,037 | $116,445 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $23,952,437 | $28,619,882 | $97,290,341 | $-4,667,445 |
| 2023 | $22,537,570 | $25,682,992 | $101,852,006 | $-3,145,422 |
| 2022 | $30,592,327 | $23,314,705 | $104,467,167 | $7,277,622 |
| 2021 | $36,113,591 | $23,910,516 | $96,652,711 | $12,203,075 |
| 2020 | $20,683,593 | $13,063,446 | $43,969,937 | $7,620,147 |
| 2019 | $23,176,676 | $8,338,639 | $34,978,387 | $14,838,037 |
| 2018 | $6,053,673 | $6,583,705 | $18,727,789 | $-530,032 |
Compare ROOF ABOVE INC with other nonprofits in North Carolina and across the country.