Charlotte County Homeless Coalition Inc

Nonprofit profile at a glance

EIN
650139525
IRS 990 coverage
2019–2022
Forms available
Form 990 2022
Location
Port Charlotte, FL, USA
Phone
9416274313
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$2,643,896
Expenses
$2,982,591
Assets
$3,027,782
Liabilities
$574,142

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • CHERYL MAYMON (PRESIDENT)
  • LISA PERVIN (INTERIM CEO)

People named in this filing

  • POLANA DE-SINGH (DIRECTOR)
  • BRETT HAWKER (FOUNDATION C)
  • LOU HENYECZ (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the homeless coalition is to alleviate and prevent hunger and homelessness. The homeless coalition envisions a community free of hunger and homelessness. Shared values: ~we treat everyone equally with respect, dignity, and compassion. ~we hold ourselves accountable to practice ethical and responsible stewardship. It is undeniable that the homeless coalition looks much different today than it did in previous years. The needs in our community have changed and we have adapted to address those needs. We are strong and passionately committed as we celebrate our 25th anniversary this year. We have reaffirmed our dedication to treating every client with respect and dignity while always striving for client independence.

What it reported doing in 2022

The charlotte county homeless coalition (cchc) serves as the central intake agency in charlotte county for those in crisis, individuals & families who have found themselves at risk of becoming homeless, the extremely low income and the truly homeless. The cchc assists families & individuals that are in need of food, shelter, clothing, financial assistance, & links to other services.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 33
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.1%; rating input score 98
  • Program expense ratio: 86.9%; rating input score 87
  • Fundraising efficiency: $23.41 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 64th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.8%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 16.8% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 11% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: -4.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 98.1% of revenue deployed · 86.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.6M in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 12/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.