Mount Anthony Housing Corporation

Overview

Mission

The purpose of the housing corporation shall be to provide and promote long term, short stay convalescent, and assisted living to members of our community.

What it reported doing in 2023

Program and revenue consists solely of mahc's 20% equity in clr's operating income, net investment earnings, offset by some minor residual payor adjustments from prior years and residual direct costs related to providing long term care and rehabilitative services.

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

Nonprofit profile at a glance

EIN
030279740
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2020
Headquarters
Bennington, VT, USA
Phone
8024471547
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 77
  • Accountability: 84
  • Sustainability: 85
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 17th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 95.9%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 230.71; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 1,893.6%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -5.6% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 16 of 20 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.1M · 23 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 18 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.

Leadership & pay

23 people listed

Highest reported compensation

  • THOMAS A DEE (TURSTEE / CEO SVHC): $1,084,408 total reported compensation
  • STEPHEN LEBLANC (TRUSTEE): $984,376 total reported compensation
  • STEPHEN D MAJETICH (FORMER OFFICER): $563,960 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.