Charleston Medical Center Housing Corporation

Nonprofit profile at a glance

EIN
550581982
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Charleston, WV, USA
Phone
3043450171
Rating
49
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$2,027,137
Expenses
$1,176,955
Assets
$18,008,862
Liabilities
$279,469

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

Leadership & pay

9 people listed

Executive titles in this filing

  • DAVID L RAMSEY (PRESIDENT)
  • JAMES P GRIFFITH (VICE PRESIDENT)

Highest reported compensation

  • DAVID L RAMSEY (PRESIDENT): $2,058,563 total reported compensation
  • SHELDA MARTIN (DIRECTOR): $507,716 total reported compensation
  • CHAD HOVIS (TREASURER): $491,749 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 housing for students, interns, residents and other allied health professionals training at charleston area medical center, inc. Camc, a nonstock, nonprofit corporation organized under the laws of the state of West Virginia and robert c. Byrd health sciences center of West Virginia university, charleston division wvu charleston, a part of the west virgina university tohelp aid, assist and advance education by providing housing for students, interns, residents and other allied health professionals to construct, acquire, establish, enlarge, improve, operate and maintain apartments and to rent such apartments to such persons and their families and to assist generally in the educational undertakings of camc or wvu charleston.

What it reported doing in 2024

To provide housing for students, interns, residents and other allied health professionals training at charleston area medical center, inc., a nonstock, nonprofit corporation organized under the laws of the state of West Virginia and robert c. Byrd health sciences center of West Virginia university, charleston division wvu charleston, a part of the West Virginia university to help aid, assist and advance education by providing housing for students, interns, residents and other alliedhealth professionals to construct, acquire, establish, enlarge, improve, operate and maintain apartments and to rent such apartments to such persons and theirfamilies and to assist generally in the educational undertakings of camc or wvu charleston.

Operating model

Revenue model
Earned-program. 66% of the money available for current operations came from fees and other program 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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 60
  • Accountability: 48
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.7%; rating input score 27
  • Program expense ratio: 63.7%; rating input score 64
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 15.3; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 28.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -3.5% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 26.7% of revenue deployed · 63.7% of spending went to programs
  • Governance: 4 of 8 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $750K in reported program spending
  • Leadership: top reported pay $2.1M · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $363K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.