Centennial Housing & Community Services Corporation

Nonprofit profile at a glance

EIN
842516855
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-N 2019
Location
Plano, TX, USA
Phone
2146297860
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$14,633,435
Expenses
$16,489,736
Assets
$8,096,934
Liabilities
$23,265,266

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Amanze Ugoji (Chief Executive Officer)
  • Frank Avignone (Chief Executive Officer - current)

Highest reported compensation

  • Amanze Ugoji (Chief Executive Officer): $372,815 total reported compensation
  • Cameron Smith (Nurse Practitioner): $328,721 total reported compensation
  • Lois Roberson (Doctorate Prepared Nurse Practitioner): $279,970 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Centennial Housing & Community Services Corporation (DBA Washington Regional Medical Center) is committed to providing quality health care. The focus of our institution is on training and skill development so we do the right things at the right time--every time. WRMC is dedicated to improving the health and quality of life for the people and communities we serve. WRMC is committed to offering quality and value-driven services to all individuals seeking assistance.

What it reported doing in 2023

WRMC is located in a medically underserved and provider shortage area in eastern North Carolina. The health system provides primary care services through its rural clinic and specialist outpatient services through it's outpatient facilities. WRMC provides women's health services through its state of the art women's center where women of all walks of life can acquire focused health and wellness services. Total emergency department volume was 5344 with an average monthly total of 445, total inpatient volume was 1145 patients and rehabilitative care (Swing Bed) volume was 1462 patients. The health system signed several small regional employer groups to contracts to care for their employees reducing their over all healthcare expense. WRMC is committed to providing quality healthcare. WRMC strives to deliver exceptional service to our patients, employees, physicians and community. WRMC is dedicated to improving the health and quality of life for the people and communities we serve.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 10
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.4%; rating input score 54
  • Program expense ratio: 48.3%; rating input score 48
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.7%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 2.87; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 13.3%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -4.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 54.4% of revenue deployed · 48.3% of spending went to programs
  • Governance: 0 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8M in reported program spending
  • Leadership: top reported pay $373K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $192K reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 9 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.