Sisters of Charity Health Care System Housing Development Fund Company Inc
Overview
Mission
To provide housing and related services to the poor elderly on a nonprofit basis.
What it reported doing in 2024
The organization owns and operates a section 202 hud financed multifamily housing project for the elderly. The project consists of 80 units.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133837640
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Staten Island, NY, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 78
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.6%; rating input score 63
- Program expense ratio: 82.4%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 22.9%; rating input score 79; 79th percentile among comparable filings
- Operating reserve ratio: 3.42; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 62.6% of revenue deployed · 82.4% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules
- Filing history: 15 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.