1780 Hchq Inc
Nonprofit profile at a glance
- EIN
- 825021847
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Springfield, MA, USA
- Phone
- 4132331500
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $627,679
- Expenses
- $1,175,337
- Assets
- $14,165,631
- Liabilities
- $13,959,713
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- WILLIAM BREITBART (PRESIDENT)
- ELLEN FREYMAN (VICE PRESIDENT)
Highest reported compensation
- LAUREEN BORGATTI (CLERK): $186,292 total reported compensation
- PASCALE DESIR (ASSISTANT CLERK): $174,335 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1780 hchq, inc. (the "corporation") is formed to: (i) raise funds and support the functions of and carry out the purposes of way finders, inc. ("way finders") so long as way finders continues to be organized and operating for exempt purposes within the meaning of section 501(c)(3) of the code; (ii) engage in activities and perform functions that way finders would otherwise have to perform; (iii) own, lease and maintain the site or sites at which way finders is located; (iv) otherwise benefit, through the provision of financial support and services, way finders ; and (v) engage in any lawful act or activity in furtherance of the foregoing, provided such activities are not in violation, or inconsistent with, the corporation's status as a charitable organization under section 501(c)(3) of the code.
What it reported doing in 2024
1780 hchq, inc. Has acquired property in springfield, Massachusetts that is to be developed and leased to way finders, inc. As their new housing center and headquarters. All activities during the current year related to predevelopment and acquisition of the property.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 68
- Accountability: 56
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.8%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -87.3%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 12.05; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.99; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 35.6% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 17.7% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.8% of spending went to programs
- Governance: 3 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $186K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.