Adirondack Community Housing Trust

Nonprofit profile at a glance

EIN
208657587
IRS 990 coverage
2014–2025
Forms available
Form 990 2025, Form 990-EZ 2015
Location
Elizabethtown, NY, USA
Phone
5188736888
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$16,133
Expenses
$152,289
Assets
$1,671,209
Liabilities
$644,678

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • SUSAN WATERS (PRESIDENT)
  • MEGAN MURPHY (EXECUTIVE DIRECTOR (TILL SEPTEMBER 2025))
  • CAITLIN WARGO (INTERIM EXECUTIVE DIRECTOR (AS OF SEPTEMBER 2025))

Highest reported compensation

  • ERIN SULLIVAN (CONTROLLER): $111,366 total reported compensation
  • CAITLIN WARGO (INTERIM EXECUTIVE DIRECTOR (AS OF SEPTEMBER 2025)): $107,703 total reported compensation
  • MEGAN MURPHY (EXECUTIVE DIRECTOR (TILL SEPTEMBER 2025)): $89,577 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide affordable housing for residents in the adirondacks.

What it reported doing in 2025

The organization provides affordable housing to residents of the adirondacks.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 90
  • Accountability: 72
  • Sustainability: 24
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.4%; rating input score 93
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -844%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 10.97; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 43.4%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -11.6% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -4.6% per year; rating input score 0; 42nd percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $142K in reported program spending
  • Leadership: top reported pay $111K · 9 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.