CMRS IV Inc
Nonprofit profile at a glance
- EIN
- 223292356
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Manchester, NH, USA
- Phone
- 6036687584
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $190,812
- Expenses
- $171,532
- Assets
- $390,887
- Liabilities
- $1,374,261
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Edward Olney (President & CEO)
People named in this filing
- Edward Olney (President & CEO)
- Kevin Harte (VP Advancement)
- James Piet (Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of CMRS IV, Inc is to promote, encourage and sponsor charitable community integrated housing, rehabilitative services, and related programs of instruction and support to developmentally challenged individuals. CMRS, IV, Inc. will be a principal force in enabling and empowering citizens with physical, emotional, cognitive or other related considerations to pursue the highest degree of independence as may be individually possible.
What it reported doing in 2024
Expenses relating to the operation of the Forest Avenue Apartments, a HUD subsidized apartment complex in Portland, Maine, the occupancy of which is restricted to the people with disabilities.
Operating model
- Revenue model
- Earned-program. 100% 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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.7%; rating input score 59
- Program expense ratio: 65.3%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.1%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 2.28; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 3.52; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -2.7% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -0.9% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -3.5% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 58.7% of revenue deployed · 65.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $112K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 6 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 — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.