Bogan Quarters

Nonprofit profile at a glance

EIN
562581767
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Chicago, IL, USA
Phone
7738269804
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Temporary Housing

Reported finances

Revenue
$829,073
Expenses
$833,561
Assets
$491,074
Liabilities
$89,645

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • B Gradford (CEO)

Highest reported compensation

  • Boykin Gradfor (Secretary): $65,000 total reported compensation
  • B Gradford (CEO): $19,625 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Transitional housing for homeless veteran women, counseling services, community revitalization

What it reported doing in 2014

Transitional housing for homeless veteran women, counseling services

Operating model

Revenue model
Grant-funded. 94% 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

STRONG - 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: 85
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 84.5%; rating input score 85
  • Fundraising efficiency: $102.7 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

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: 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: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.5%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 10.2%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 53.8% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 52.2% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 84.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $834K in reported program spending
  • Leadership: top reported pay $65K · 5 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Money network: 3 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.