Community Progress Inc
Overview
Mission
The organization is a community based, not-for-profit dedicated to assisting low-moderate income people and local municipalities with housing needs within the counties of chemung, schuyler, and steuben, in partnership with national, regional, and local organizations offering unique opportunities through: 1. Operation of housing rehabiliation programs to single, multiple and mixed-used dwellings and 2. Operation of business rehabilitation/development programs.
What it reported doing in 2024
Providing rehabilitation services to homeowners eligible for such grants in the regional communities.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions.
- Distribution model
- Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 237076247
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Headquarters
- Corning, NY, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.8%; rating input score 71
- Program expense ratio: 73.8%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- 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; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
- Operating reserve ratio: 0.87; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 12.8% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 70.8% of revenue deployed · 73.8% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $766K in reported program spending
- Leadership: top reported pay $105K · 6 people listed
- Consistency: 36 of 36 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 12 annual filings from 2013 to 2024
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.