Cornell Scott Rwc Qalicb Inc

Overview

Mission

The corporation is organized and shall be operated exclusively to benefit cornell scott - hill health corporation, a Connecticut nonstock corporation (the "cshhc") exempt from taxation under code section 501(a) as an organization described in code section 501(c)(3), by performing the functions of or carrying out the purposes of cshhc, such purposes being to provide affordable comprehensive health and social services particularly to persons financially unable to obtain such services, to promote public health information and education, and to inform the community at large of the health problems in disadvantaged segments of the community and to encourage community support to solve those problems.

What it reported doing in 2024

To (i) acquire and hold title to real property and furniture, fixtures and equipment located at 232 cedar street, 149 minor street, 649 howard avenue, and 651 howard avenue new haven, Connecticut 06519 (collectively, the project), (ii) borrow low-interest rate funds from third-party lenders, and (iii) lease the project to cshhc to operate or lease as a medical facility in furtherance of its stated charitable purposes.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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.

Nonprofit profile at a glance

EIN
843076119
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Headquarters
New Haven, CT, USA
Phone
2035033000
Rating confidence
Limited
Sector
Single Organization Support

The verdict

- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 55
  • Accountability: 79
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 80%; rating input score 80; 25th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: Limited
  • Total-asset coverage ratio: 30.66; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 52.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: 8.2% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $740K in reported program spending
  • Leadership: top reported pay $879K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 annual filings from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 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

6 people listed

Highest reported compensation

  • MICHAEL TAYLOR (DIRECTOR & CHIEF EXECUTIVE): $879,219 total reported compensation
  • DOUG MAGAZU (CHIEF FINANCIAL OFFICER): $526,443 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.