Housing Collaborative

EIN: 562173215 501(c)(3) Housing & Shelter

Charlotte, NC

Total Revenue
$13,376,028
Total Expenses
$13,098,366
Total Assets
$9,981,942
Net Assets
$2,793,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Tara A Peele
Phone
7049439412
Tax Period
2024-04-01 to 2025-03-31

Housing Collaborative, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 135% from the prior year, signaling strong growth momentum.

Mission

Housing Collaborative makes affordable housing easier to navigate by helping to secure rental housing for those experiencing or at risk of homelessness; and for those who have lost housing due to disaster or displacement. We make it easier for housing providers to work with program-connected households by expediting all aspects of housing placement.

Program Service Accomplishments

Program 1
Expenses: $12,853,878 Revenue: $3,084,420

Housing Collaborative is a nonprofit that makes affordable housing easier to navigate. Founded in Charlotte in 1999, Housing Collaborative helps secure or retain housing for households experiencing...

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Housing Collaborative is a nonprofit that makes affordable housing easier to navigate. Founded in Charlotte in 1999, Housing Collaborative helps secure or retain housing for households experiencing homelessness;those who have lost housing due to disaster, displacement, or eviction;and those who are at risk of homelessness. We work in collaboration with other mission-based organizations by leveraging their supportive services and/or programmatic resources with our housing expertise and housing-related resources. In FY25,Housing Collaborative continued our housing placement and inspection coordination services in 80 counties and expanded those services to Buncombe County in North Carolina:Housing Collaborative helped 902 households (1,842 people) experiencing or at risk of homelessness to secure housing across 81 counties, including 45 households (106 people) impacted by displacement events.We added over 350 new housing provider partners statewide.Our inspection team coordinated over 2,500 rental housing inspections.We checked in with property providers to provide support over 3,500 times.In FY25,Housing Collaborative provided $9.8M in housing-related financial assistance for households and incentives to develop and sustain housing provider partnerships:Over $9.6M in assistance was provided to help over 900 households experiencing or at risk of homelessness to access and retain housing, including rent and utility arrears, application fees, rental subsidies, and housing provider incentives.104 households were assisted with over $135K in security deposits through the City of Charlotte-funded Deposit Assistance Program.Four team members were promoted in FY25.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,253,383
Program Service Revenue $3,084,420
Investment Income $24,675
Other Revenue $13,550
TOTAL REVENUE $13,376,028

Expense Breakdown

Grants Paid $9,825,733
Salaries & Benefits $2,637,910
Fundraising Expenses $39,799
Program Expenses $12,853,878
Other Expenses $634,723
TOTAL EXPENSES $13,098,366

Year-over-Year Comparison

2024 2023 Change
Revenue $13,376,028 $5,684,756 +1.4%
Expenses $13,098,366 $6,212,837 +1.1%
Net Income $277,662 $-528,081 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
14
Independent Members
14
Employees
45
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$179,421
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lakisha Jones Member- Upto Jan 25 2.00
Officer Director
$0 $0 $0
Kim Graham Member- Upto Dec 24 2.00
Officer Director
$0 $0 $0
Jay Potter Member- Upto Feb 25 2.00
Officer Director
$0 $0 $0
Mark Ethridge Secretary 2.00
Officer Director
$0 $0 $0
Erin Barbee Chair 1.00
Director
$0 $0 $0
Bill Bolstad Treasurer 1.00
Director
$0 $0 $0
Ivan Diaz-Campos Vice Chair 1.00
Director
$0 $0 $0
Alassane Diouf Member 1.00
Director
$0 $0 $0
Miriam Espaillat Member 1.00
Director
$0 $0 $0
LaShonda Hart Member 1.00
Director
$0 $0 $0
Courtney Lundquist Member 1.00
Director
$0 $0 $0
Tashika McKnight Member 1.00
Director
$0 $0 $0
Christine Metheney Member 1.00
Director
$0 $0 $0
Nicola Grant Member 1.00
Director
$0 $0 $0
Lonnie Harris Member 1.00
Director
$0 $0 $0
Beverly McCluney Member 1.00
Director
$0 $0 $0
Megan Sadler Member 1.00
Director
$0 $0 $0
Tara Peele President & CEO 40.00
Officer
$160,652 $18,769 $179,421
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,376,028 $13,098,366 $9,981,942 $277,662
2024 $5,684,756 $6,212,837 $3,260,955 $-528,081
2023 $36,832,159 $36,723,746 $4,408,266 $108,413
2022 $83,275,604 $82,057,845 $3,657,105 $1,217,759
2021 $32,723,054 $32,003,875 $2,446,628 $719,179
2020 $2,570,312 $1,868,092 $1,132,053 $702,220
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