Asi Freeport Inc C/o Accessible Space Inc
Nonprofit profile at a glance
- EIN
- 352443990
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025, Form 990-N 2013
- Location
- St Paul, MN, USA
- Phone
- 6516457271
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $211,463
- Expenses
- $369,163
- Assets
- $3,165,375
- Liabilities
- $400,216
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- STEPHEN VANDER SCHAAF (PRESIDENT/TR)
Highest reported compensation
- STEPHEN VANDER SCHAAF (PRESIDENT/TR): $621,952 total reported compensation
- KEN BERRY (VICE PRESIDE): $244,840 total reported compensation
- DANIELLE HERRERA-MARKWALD (SECRETARY): $153,545 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide accessible housing for adults with disabilities and seniors.
Operating model
- Revenue model
- Grant-funded. 62% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 67
- Accountability: 86
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -74.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 8.57; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 22.7%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -2.3% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $329K in reported program spending
- Leadership: top reported pay $622K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 10 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.