Cleveland Action to Support Housing Inc

Nonprofit profile at a glance

EIN
341232048
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Cleveland, OH, USA
Phone
2164584663
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$153,354
Expenses
$316,643
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

15 people listed

Highest reported compensation

  • NOLAN MARCIA (EXECUTIVE DI): $93,904 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cleveland action to support housing was formed in 1978 by the city of cleveland and local banks and savings and loans. The purpose of the organization was and is to provide home repair or rehabilitation financing for city of cleveland property owners. Below market interest rates and technical assistance are incentives to borrowers. The lending partners, huntington national bank, key bank, dollar bank, firstmerit bank, third federal savings and loan assoc., fifth third bank, first place bank, pnc and charter one, offer a variety of lending services through c.a.s.h. The type of lending services needed are for all types of repairs to an owner- occupied property, to loans for the purchase and refinance and repair of an investor owned property, and finally for a project to be completed by a local community development corporation. Additionally, emergency home repair loans are offered through the banks or with c.a.s.h. Financing. The below market interest rate is achieved through compensating

What it reported doing in 2013

C.a.s.h. Working with spefic bank will enter into an agreement to provide very specialized services. An agreement with third federal savings and loan requires c.a.s.h. To develop specifications and cost estimates for a customer who has been approved for a purchase rehabilitation loan. The third federal program is designed to repair point of sale housing code violations and any other upgrades to the property that the new owner may wish to make. Once again c.a.s.h. Does provide escrow services. Cleveland action to support housing in partnership with cleveland housing network and the city of cleveland entered into an agreement to form the cleveland energy saver program. The city of cleveland had received a grant from the u.s. Department of energy for a number of energy saving initiatives in the city. The energy saver program was created to ensure that cleveland property owners no matter their income level could receive the following services: energy audit of the property report spelling out steps to be taken to increase energy savings report detailing cost of repairs and the savings if recommendations are followed. List of program qualifid contractors rebate up to 20% not to exceed 2,500 from the city of cleveland rebate from dominion - east Ohio gas - upon completion of the work the program completed 315 property assessments and 145 homes were retrofitted. This resulted in 50 homeowners receiving financing through c.a.s.h. Dollar bank was the lender in all cases. A total investment amounted to 847,000 and property owners received rebates amounting to 294,000. It is hoped that the program will be continued in the city of cleveland and offered in the inter ring suburbs.

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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 77.6%; rating input score 78
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -106.5%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 29.7%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -40.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -40.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 77.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $246K in reported program spending
  • Leadership: top reported pay $94K · 15 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.