Aquinas Housing Corporation

Nonprofit profile at a glance

EIN
133076810
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Bronx, NY, USA
Phone
7188426440
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$4,231,136
Expenses
$3,917,352
Assets
$21,351,354
Liabilities
$16,926,610

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Highest reported compensation

  • JEAN BONHOMME (CONTROLLER): $114,039 total reported compensation
  • ANTHONY LYNCH (EXECUTIVE DI): $107,954 total reported compensation
  • STEVEN SELTZER (EXECUTIVE DI): $82,154 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide quality housing and social service to the low and moderate-low income families of the south bronx

What it reported doing in 2022

Aquinas housing corporation began its senior services program in 1987 through our senior service program, we provide a wide range of services to senior citizens living in our community. Aquinas housing corporation is the sponsor of two hud senior citizen properties, and these program facilities and offices are based within each. However, the program's offering are not limited to the residents of those properties. The entire community is welcome to utilize our programming. The broad goal of the program is to give families and individual seniors the resources to improve and sustain an independent lifestyle. We work to maintain the physical, psychological and social well-being of our seniors, and to make certain that they receive the attention and the benefits they deserve. Social, cultural and recreational activities for our seniors are held in group settings, and we schedule arts and crafts classes, game nights and movie nights regularly during the week. We also arrange monthly medical workshops focused on a number of issues such as blood pressure awareness and stroke prevention, elder abuse, medicaid and medicare navigation, fire safety and diabetes. We hold periodic workshops and seminars addressing such topics as bereavement and living wills. The aquinas housing senior service program is dedicated to assist the senior citizenry of east tremont and west farms in achieving the highest possible quality of life, both in the physical and mental sense.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 100
  • Accountability: 62
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.3%; rating input score 77
  • Program expense ratio: 83.6%; rating input score 84
  • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.4%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 5.45; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.79; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 16.9% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 19% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 77.3% of revenue deployed · 83.6% of spending went to programs
  • Governance: 4 of 6 board members independent · 5 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $114K · 9 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes related organizations
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 26 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.