Convergence Collaborative INC

Claim it free, then get the verified mark Claim this org →
EIN 99-2800518 Public charity (501(c)(3)) Washington, DC NTEE L03
Form 990 (PDF)

Is this your organization? Claim it free

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Convergence Collaborative INC is a housing nonprofit based in Washington, DC, formed in 2024. For fiscal year 2025 it reported $980K in revenue, $231K in expenses, and $1.2M in net assets.Pt I

Founded
2024
Type
Public charity (501(c)(3)) · Housing
Location
Washington, DC
Filings
1 on file (2025–2025)
Revenue
$980KFY2025
Expenses
$231K
Net assets
$1.2M
People
11
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Compare with another nonprofit →
Provided by the organization

This section is blank until Convergence Collaborative INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
a housing nonprofit
Leadership
Michael Briggs · Secretary
Money in and out
$980K revenue, $231K expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$980K
Pt VIII · Ln 12
Total expenses
$231K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $749K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
65.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+76%
revenue over expenses, this year

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Convergence Collaborative INC →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue less expensesPt I · Ln 19$749K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CConvergence Collaborative INC
EINHdr · item D99-2800518
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2024
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L03)
Ruling yearIRS BMFFeb 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
See Convergence Collaborative INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $166K of program spending, described in the organization's own filed words · FY2025.
01

CONVERGENCE Philadelphias Homeownership Summit broadened dialogues on veterans housing community development and appraisal fairness. In collaboration with partners such as Temple University and the Urban League the organization facilitated educational programs for aspiring appraisers and organized informative sessions for residents in…

$112Kprogram expense
02

CONVERGENCE Columbus and partners led the regions first Accessory Dwelling Unit ADU Convening forming teams to advance ADU development. They also organized the Bloom614 House Party to facilitate housing discussions and launched the Bloom614 Home Inspection Series to simplify the inspection process for homebuyers.

$37Kprogram expense
03

CONVERGENCE Memphis organized a Land Expo to address land access and housing for developers and a Home Expo to empower first-time homebuyers in Memphis. The organization also built 10 energy-efficient homes through The Zodiac Road Project to offer affordable housing solutions and collaborated with the Memphis Area Association of REALTORS…

$17Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$976K
Investment income$3K
Total revenueLn 12$980K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$207K
Management & general10%$24K
Total functional expensesLn 25$231K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.3M
Total liabilitiesLn 26$29K
Total net assetsLn 32$1.2M
Months of cash on handcomputed65.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $231K
65.1 months
Where the money goes
Program services
Program services $207K · Total expenses $231K
90%
Management & General
Management & general $24K · Total expenses $231K
10%
Fundraising
Fundraising $0 · Total expenses $231K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $976K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $976K · Total revenue $980K
100%
Government reliance
Government grants $0 · Total revenue $980K
0%
Earned-income share
Program service revenue $0 · Total revenue $980K
0%
Investment reliance
Investment income $3K · Total revenue $980K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $231K
0%
Growth & trend
Revenue growth (YoY)
This year $980K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $980K · Expenses $231K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Michael Briggs · Reported title Secretary · Highest reported compensation $0 · Total expenses $231K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $231K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $115K · 2025–2025
National Comm Stabilization TrustFY2025$75,000
Urban Affairs CoalitionFY2025$20,000
AhacoFY2025$20,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$980K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.