2024-09-20T11:03:50-05:00 2024-03-31 571157523 Aprio LLP 212 W MATTHEWS ST STE 102 MATTHEWS NC 28105 990 2023-04-01 562173215 Housing Collaborative HOUS 7049439412 601 E 5th Street Charlotte NC 28202 Tara Peele President and CEO 7049439412 2024-09-20 1 1 Stacy Cullen P00974308 7048411120 2024-09-20 2023 2024-08-08 14:25:15Z Tara Peele 601 E 5th Street Charlotte NC 28202 5684756 0 X https://housingcollab.org X 1999 NC To make affordable housing easier to navigate 11 11 52 14 0 0 34646174 5031271 802302 629972 41 21218 1383642 2295 36832159 5684756 33895759 3298621 0 0 2139033 2294224 0 0 36830 688954 619992 36723746 6212837 108413 -528081 4408266 3260955 1364585 745355 3043681 2515600 X Housing Collaborative makes affordable housing easier to navigate by helping to secure rental housing for those experiencing homelessness; for those who have lost housing due to disaster or displacement; and for those experiencing housing instability. We make it easier for housing providers to work with program-connected households by expediting inspections, making quick housing payments, and remaining involved and supportive throughout tenancy. 0 0 5988422 3298621 632267 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. We are committed to second chances, and to using our journeys to help others. Many of our dedicated team members have experienced barriers to housing and employment like justice system involvement, homelessness, or domestic violence. (continued on Schedule O)In FY24, Housing Collaborative continued our housing placement and inspection coordination services in Mecklenburg County and expanded those services to 79 additional counties in North Carolina: Housing Collaborative helped 332 households (753 people) experiencing or at risk of homelessness to secure housing across 80 counties, including 61 households (103 people) impacted by displacement events in Mecklenburg County.We added 83 new housing provider partners statewide.Our inspection team coordinated over 1,080 rental housing inspections.We checked in with property providers to provide support over 1,400 times.In FY24, Housing Collaborative provided approximately $3.7M in housing-related financial assistance for households and incentives to develop and sustain housing provider partnerships:$2.97M in assistance was provided to help over 700 households experiencing homelessness to access and retain housing, including arrears, application fees, rental subsidies, and housing provider incentives.350 households were assisted with over $600K in first month's rent and security deposits through the City of Charlotte-funded Deposit Assistance Program.Approximately $129K in in direct financial assistance was distributed to support housing retention for 26 households in partnership with DreamKey Partners.Seven team members were promoted in FY24. 5988422 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 52 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X Ascend Nonprofit Solutions 7049439412 601 E 5th Street Charlotte NC 28202 Lakisha Jones Chair 2.00 X X 0 0 0 Kim Graham Vice Chair 2.00 X X 0 0 0 Jay Potter Treasurer 2.00 X X 0 0 0 Mark Ethridge Secretary 2.00 X X 0 0 0 Erin Barbee Member 1.00 X 0 0 0 Bill Bolstad Member 1.00 X 0 0 0 Ivan Diaz-Campos Member 1.00 X 0 0 0 Alassane Diouf Member 1.00 X 0 0 0 Miriam Espaillat Member 1.00 X 0 0 0 LaShonda Hart Member 1.00 X 0 0 0 Courtney Lundquist Member 1.00 X 0 0 0 Tashika McKnight Member 1.00 X 0 0 0 Christine Metheney Member 1.00 X 0 0 0 Kenn Shrader Member 1.00 X 0 0 0 Tara Peele President & CEO 40.00 X 152234 0 17113 152234 0 17113 1 0 1 0 HQS Inspections LLC 693 Shellbark Drive Concord NC 28025 Housing Inspections 176350 1 4798116 233155 5031271 Contracted Services 541900 629972 629972 629972 21218 21218 Miscellaneous Revenue 900099 2295 2295 2295 5684756 632267 0 21218 3298621 3298621 169347 156344 10859 2144 1809869 1670902 116051 22916 33125 30582 2124 419 124760 115181 8000 1579 157123 145059 10075 1989 48376 44662 3102 612 130447 120431 8364 1652 27223 25133 1746 344 37693 34799 2417 477 52659 48616 3377 666 21061 19444 1350 267 7386 6819 474 93 1445 1334 93 18 69842 63824 5199 819 14846 13706 952 188 Operating Lease Expense 155648 143697 9980 1971 Other Expenses 53366 49268 3422 676 6212837 5988422 187585 36830 X 1580991 565424 467848 355427 1520324 1259381 36736 51479 328613 204790 159891 123823 389227 642476 516194 4408266 3260955 100170 136883 648878 116453 615537 492019 1364585 745355 X 2924783 2498104 118898 17496 3043681 2515600 4408266 3260955 -528081 0 X X 0 1 X 1 1 1 X 679422 29748854 79610516 34646174 5031271 149716237 679422 29748854 79610516 34646174 5031271 149716237 149716237 32 14 30 41 21218 21335 536 773961 1386041 1383642 2295 3546475 153284047 0.97670 0.97610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39021 16815 22206 289592 187975 101617 123823 Security Deposit 22312 Related Party Receivable 975 Right of Use Asset - Operating 492019 Mesh Exchange 888 516194 Right of Use Liability 492019 492019 X 5836320 151564 151564 5684756 0 5684756 6364401 151564 151564 6212837 0 6212837 Part X, Line 2: The Organization is a nonprofit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for federal income taxes is required. The Organization applies the guidance on accounting for uncertain tax provisions in FASB ASC 740 Income Taxes. The Organization is no longer subject to income tax examinations for tax years up to and including 2021. 1 Rental Housing Cost Assistance 1081 3298621 Part I, Line 2: Housing Collaborative has an outside Controller and accounting staff to formally record financial transactions in accounting software. In addition, Housing Collaborative maintains an internal Salesforce platform to track all financial assistance provided via grant funds. Finally, Housing Collaborative provides monthly or quarterly reports to all funders, detailing the use of grant funds and reporting on outcomes and numbers of households assisted. X X X 0 0 0 0 0 0 0 0 0 Tara Peele President & CEO 152234 0 0 0 0 0 4693 0 12420 0 169347 0 0 0 Form 990, Part VI, Section A, line 2 Board member Erin Barbee is DreamKey Partners' Chief Strategy Officer. Board member Mark Ethridge is Principal at Ascent Housing. Board member LaShonda Hart is Manager of Affordable Housing at Mecklenburg County. None of these individuals or their organizations are compensated via their partnerships with Housing Collaborative. Form 990, Part VI, Section B, line 11b The independent preparer reviewed the 990 with the finance committee of the board. The finance committee approved the 990 for recommendation to the full board. Form 990, Part VI, Section B, line 12c Any issues with the conflict-of-interest policy are discussed at board meetings and addressed by members using legal counsel when necessary. Form 990, Part VI, Section B, line 15 In order to determine compensation, the board consults other 990s and public information for not-for-profit entities. The board also historically uses studies and surveys that are public. Form 990, Part VI, Section C, line 19 The company makes its documents (form 990, 1023, financials, policies, etc) available to the public. Items are shared upon request and on its website at https://housingcollab.org/donate. Frequently clients of Housing Collaborative request these items with grant and RFP submissions. 990, Part X, line 10a: During the year ended March 31, 2023, DreamKey Partners provided the Organization a one-time advance in RAMP (Emergency Rental Assistance) program funds of $500,000 with a condition that unspent funds as of December 31, 2023, would be returned to DreamKey Partners. During the year ended March 31, 2024, the funds remained unspent and the $500,000 advance was returned to DreamKey Partners in accordance with the agreement. Form 990, Part XII, Line 2C: The organization has not changed any processes from the prior year.