COLLABORATIVE SOLUTIONS INC

EIN: 850485864 501(c)(3) Housing & Shelter

BIRMINGHAM, AL

Total Revenue
$3,601,908
Total Expenses
$3,070,203
Total Assets
$1,578,206
Net Assets
$1,168,919
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AL
Principal Officer
RUSSELL BENNETT
Phone
2059390411
Tax Period
2023-01-01 to 2023-12-31

COLLABORATIVE SOLUTIONS INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

COLLABORATIVE SOLUTIONS, INC. (CS), A NATIONAL 501(C)(3) NONPROFIT ORGANIZATION BASED IN BIRMINGHAM, ALABAMA, VALUES ITS ABILITY TO ACHIEVE RESULTS AND CREATE SYSTEMIC IMPACT AT THE INTERSECTION OF HOUSING AND HEALTH. OUR MISSION IS TO WORK IN PARTNERSHIP FOR THE EMPOWERMENT OF HUMAN SERVICE ORGANIZATIONS AND COMMUNITIES IN ORDER TO POSITIVELY IMPACT SPECIAL NEEDS POPULATIONS. THROUGH THE DELIVERY OF TRAINING, TECHNICAL ASSISTANCE, RESEARCH, AND TARGETED COMMUNITY INITIATIVES; CS IS ABLE TO STRATEGICALLY BUILD THE CAPACITY OF LOCAL COMMUNITIES AND VARIOUS TYPES OF ORGANIZATIONS, WHILE ALSO HELPING THEM MAXIMIZE THEIR LONG-TERM COMMUNITY IMPACT IN THE AREAS OF HOUSING, HEALTH AND SERVICES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,381,052
Program Service Revenue $1,217,288
Investment Income $3,568
Other Revenue $0
TOTAL REVENUE $3,601,908

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,616,989
Fundraising Expenses $0
Program Expenses $1,930,655
Other Expenses $1,453,214
TOTAL EXPENSES $3,070,203

Year-over-Year Comparison

2023 2022 Change
Revenue $3,601,908 $2,448,958 +0.5%
Expenses $3,070,203 $2,546,801 +0.2%
Net Income $531,705 $-97,843 -6.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$172,821
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHRISTI DRIVER CHAIR 1.00
Officer Director
$0 $0 $0
PAT HOBEN MOORE TREASURER 1.00
Officer Director
$0 $0 $0
RENEE M WILLIS SECRETARY 1.00
Director
$0 $0 $0
MARRY ELLEN JUDAH MEMBER 1.00
Director
$0 $0 $0
RUSSELL BENNETT CHIEF EXECUTIVE OFFICER 40.00
Officer
$172,821 $0 $172,821
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
2024 No data No data No data No data
2023 $3,601,908 $3,070,203 $1,578,206 $531,705
2022 $2,448,958 $2,546,801 $995,844 $-97,843
2021 $2,279,220 $2,004,465 $913,190 $274,755
2020 $2,713,520 $2,307,724 $791,129 $405,796
2019 $2,503,152 $2,622,349 $551,745 $-119,197
2018 $2,937,268 $3,106,567 $743,178 $-169,299
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