Changing Homelessness Inc
Nonprofit profile at a glance
- EIN
- 593676999
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Jacksonville, FL, USA
- Phone
- 9043541100
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $17,922,018
- Expenses
- $18,608,109
- Assets
- $10,675,669
- Liabilities
- $9,295,325
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DAWN GILMAN (CEO)
Highest reported compensation
- DAWN GILMAN (CEO): $176,397 total reported compensation
- PEGGY BOORD (CFO): $137,985 total reported compensation
- JEANNE HAYES (CPO): $127,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was established for the purposes of coordinating emergency and homeless services in the jacksonville, Florida area. The organization provides a collaborative community response to the needs of people living in crisis, assisting such peoples in attaining sufficient income, affordable housing, and good health care with the goal of prevention and reduction in homelessness.
Operating model
- Revenue model
- Grant-funded. 99% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 89.5%; rating input score 89
- Fundraising efficiency: $56.35 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 66th 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: -3.8%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 16.3% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 26.5% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 89.5% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $16.6M in reported program spending
- Leadership: top reported pay $176K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- 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.
- High — Sustainability: Operating margin scored 19/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.