Bagley Housing Association

Nonprofit profile at a glance

EIN
382896273
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2014
Location
Detroit, MI, USA
Phone
3134813100
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$2,449
Expenses
$4,219
Assets
$351,766
Liabilities
$35,074

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SEAN DE FOUR (PRESIDENT & CEO)
  • TIMOTHY THORLAND (EXECUTIVE DIRECTOR - SWHS)

Highest reported compensation

  • SEAN DE FOUR (PRESIDENT & CEO): $312,000 total reported compensation
  • MICHELLE SHERMAN (COO & CFO): $258,024 total reported compensation
  • TIMOTHY THORLAND (EXECUTIVE DIRECTOR - SWHS): $206,173 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide leadership and resources to the community for the purpose of improving housing for low to moderate income families within the hubbard richard and hubbard farms district of southwest detroit.

What it reported doing in 2024

To provide leadership and resources to the community for the purpose of improving housing for low to moderate income families within the hubbard richard and hubbard farms district of southwest detroit. Bagley seeks to complement other efforts in the area to build a thriving, economically, ethnically and culturally diverse residential/business urban environment. Specifically, bagley's goals are to: improve housing stock for low and moderate income families; foster commercial development; attract institutional improvement and development; promote job creation; and address other elements needed for a sustainable neighborhood.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 55
  • Accountability: 82
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -72.3%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 83.38; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 2,378.6%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -35.7% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 13.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: -6% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $312K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 40 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.