Christopher Homes Inc
Nonprofit profile at a glance
- EIN
- 720684725
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New Orleans, LA, USA
- Phone
- 5045963460
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $1,143,836
- Expenses
- $1,469,586
- Assets
- $7,667,986
- Liabilities
- $2,512,130
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- ANTHONY TONY FACIANE (MEMBER)
- BENJAMIN D HICKS (MEMBER)
- BOB MENARD (MEMBER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Management of affordable rental units for the elderly and handicapped - hud projects
What it reported doing in 2024
To manage low cost rental housing for the elderly and handicapped.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 83% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.8%; rating input score 77
- Program expense ratio: 67.8%; rating input score 68
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: -28.5%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 5.22; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 76.8% of revenue deployed · 67.8% of spending went to programs
- Governance: 14 of 14 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $997K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 5 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 16 filed related-organization links
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.