Elk Horn Development Corporation

Overview

Mission

Low income housing

What it reported doing in 2014

Provide 8 low income housing apartments

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.

Nonprofit profile at a glance

EIN
237075492
IRS 990-EZ coverage
2010–2014
Forms available
Form 990-EZ 2014
Headquarters
Elk Horn, IA, USA
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Societal Benefit

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and officer pay is high relative to total spending.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: NotEnoughData
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 80.1%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 2.7%; rating input score 51; 51st percentile among comparable filings
  • Operating reserve ratio: 5.6; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 37.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 80.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 annual filings from 2010 to 2014