Brentwood Economic Com Dev Corp
Nonprofit profile at a glance
- EIN
- 760454399
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Houston, TX, USA
- Phone
- 7138521451
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $932,199
- Expenses
- $973,578
- Assets
- $421,534
- Liabilities
- $9,176
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- LERONIA BOUGHTON (PRESIDENT)
- GLENDA HOPKINS (EXECUTIVE DIRECTOR)
Highest reported compensation
- SHARONDA WRIGHT (PROJECT DIRECTOR): $65,000 total reported compensation
- GLENDA HOPKINS (EXECUTIVE DIRECTOR): $16,376 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Improve nbsp; the nbsp; quality nbsp; of nbsp; life nbsp; in nbsp; the nbsp; greater nbsp; houston nbsp; community nbsp; through nbsp; education nbsp; economic nbsp; development nbsp; the nbsp; arts nbsp; health nbsp; and nbsp; social nbsp; service nbsp; programs
What it reported doing in 2024
Rent mortgage utilities assistance and transitional housing facility for those affected with HIV.
Operating model
- Revenue model
- Grant-funded. 79% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.4%; rating input score 99
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99%; rating input score 99; 48th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.4%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 99.4% of revenue deployed · 95.2% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $927K in reported program spending
- Leadership: top reported pay $65K · 9 people listed
- Consistency: 26 of 28 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 8 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.