3Keys Inc
Nonprofit profile at a glance
- EIN
- 581899845
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Chamblee, GA, USA
- Phone
- 4043254572
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,499,825
- Expenses
- $3,765,865
- Assets
- $13,189,088
- Liabilities
- $11,877,944
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- SCOTT WALKER (CEO)
Highest reported compensation
- SCOTT WALKER (CEO): $173,489 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of 3keys is to develop and manage affordable permanent housing with on-site supportive services for adults facing the challenges of mental illness and homelessness.
What it reported doing in 2024
See schedule o for complete description.3keys was incorporated on december 31, 1987 under the laws of the state of Georgia as a not-for-profit organization for the purpose of developing and sponsoring affordable housing for the mentally ill who are homeless or in danger of becoming homeless. 3keys is supported primarily by grants from governmental agencies, as well as contributions and grants from individuals, corporations, and foundations.3keys has sponsored three projects. The program activities for these projects are carried out by separate single-member llc's of which 3keys is the sole member. The components were each formed for the purpose of operating and managing a low-income housing project.the capacity of each project is as follows: rosalynn apartments 56 apartments; 56 residentspresley woods 40 units; 40 residentso'hern house 76 units; 76 residents
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.6%; rating input score 89
- Program expense ratio: 82.3%; rating input score 82
- Fundraising efficiency: $17.71 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 3.5; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 88.6% of revenue deployed · 82.3% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $3.1M in reported program spending
- Leadership: top reported pay $173K · 16 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $576K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 5 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 — Sustainability: Operating margin scored 16/100.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.