Broward County Community Developmen

Nonprofit profile at a glance

EIN
650407370
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Ft Lauderdale, FL, USA
Phone
9547642000
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$5,514,279
Expenses
$4,799,158
Assets
$13,832,213
Liabilities
$7,687,918

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

Leadership & pay

2 people listed

Executive titles in this filing

  • ROCCO TRICARICO (CEO/PRESIDEN)

Highest reported compensation

  • ROCCO TRICARICO (CEO/PRESIDEN): $139,008 total reported compensation
  • AMANDA MACCORMACK (CHIEF PROGRA): $110,004 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 quality, permanent, affordable, and independent housing opportunities to meet the needs of lower-income or homeless people who also have mental illness. Core values are: stability; dignity and hope.

What it reported doing in 2024

Broward housing solutions (bhs) provided permanent supportive housing to a total of 331 individuals and families. Among these, 217 were identified as primary clients and 66 were children ages 0-17. Through comprehensive, wraparound case management and therapeutic intervention services, bhs delivered over 5,000 hours of supportive housing services and more than 900 hours of therapeutic interventions. Bhs is proud to report the following outcomes: . 82% of clients receiving rental subsidy assistance through federally funded programs (samaritan, broward ii, and broward iv) maintained or increased their income. . 90% of youth in the youth solutions program are employed or enrolled in school full-time. . 100% of adults served have been diagnosed with a severe and persistent mental illness. . 94% of clients maintained stable housing throughout the year. While residing in bhs' affordable housing units, low-income or homeless people with a diagnosed mental illness have access to a variety of resources. These wrap-around supportive services encourage self-sufficiency and independent living. Housing specialists and case management teams connect residents to employment, volunteer, educational and healthcare opportunities, which promote safe, permanent and independent living opportunities. Three points supporting this approach: 1. Prevents homelessness: bhs' affordable and supportive housing prevents low-income and mentally ill people from becoming homeless. Coupled with collaboration from community behavioral health partners offering an array of support services encourages a permanent exodus from the streets. 2. Provides opportunity: bhs permanent and supportive housing provides low-income people a safe home where they are given tools for successful, long term, independent living, achieving long-term self-sufficiency. 3. Social benefit: bhs' permanent and affordable housing addresses the immediate needs for long-term stability and productive citizens which produces significant social benefits and reduces substantial financial strains on our communities (taxpayers), such as incarceration, over- utilization of emergency rooms and substance abuse.

Operating model

Revenue model
Grant-funded. 67% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.9%; rating input score 91
  • Fundraising efficiency: $111.23 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 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: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 2.88; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.9% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.4M in reported program spending
  • Leadership: top reported pay $139K · 2 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2012 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.