Greenline Housing Foundation

Overview

Mission

Greenline housing foundation will provide grants for down payments to qualified applicants of color for the purpose of purchasing a home in an effort to close the racial wealth gap and facilitate access to minority homeownership. The foundation will provide grants for home maintenance assistance to qualified applicants of color for the purpose of home repairs and/or improvements. The foundation will provide financial education as a condition of receiving a down payment or home maintenance grant.

What it reported doing in 2024

The foundation provided grants to qualified families of color to become homeowners. Grants were used to purchase a home, repair or make home improvements.the foundation provided financial education as a condition of receiving a down payment or home maintenance grant, and maintained other administrative tasks.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

Nonprofit profile at a glance

EIN
861242140
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Headquarters
Pasadena, CA, USA
Phone
3093102740
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Expense Reduction Support

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 44
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.8%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 44.8% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 46.3% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 48.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 5 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $605K in reported program spending
  • Leadership: top reported pay $59K · 5 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 annual filings from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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

5 people listed

Highest reported compensation

  • JASMIN SHUPPER (PRESIDENT, CEO & DIRECTOR): $59,167 total reported compensation
  • NICK SHUPPER (SECRETARY & DIRECTOR): $4,200 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.