Community Action Housing Development Corporation
Nonprofit profile at a glance
- EIN
- 470806640
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Lincoln, NE, USA
- Phone
- 4024714515
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $172,179
- Expenses
- $203,826
- Assets
- $1,884,813
- Liabilities
- $776,058
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- LISA HALE (PRESIDENT (THRU DEC 2024))
- BRODEY WEBER (PRESIDENT)
- MICHELLE SUAREZ (VICE-PRESIDENT)
- HEATHER LOUGHMAN (CEO)
Highest reported compensation
- HEATHER LOUGHMAN (CEO): $206,481 total reported compensation
- DEANNA BRILEY (CFO): $161,277 total reported compensation
- JILL BOMBERGER (DIRECTOR OF EARLY HEAD START): $160,526 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to promote and advance affordable housing projects for low income residents of the city of lincoln and/or lancaster and saunders counties, Nebraska, by participating in the acquisition, construction, rehabilitation and renovation of one or more low income housing projects; to provide and improve living conditions for low income residents of the above areas by making available affordable rents to persons of low income, through rent subsidy programs; to hold title to certain dwelling accommodations and real estate within the service area and to lease such properties to low income residents; to buy, own, sell, assign, mortgage or lease any interest in real estate and personal property, and to construct, maintain, and operate improvements thereon necessary or incidental to the accomplishment of the charitable purposes of the organization.
What it reported doing in 2024
Housing: the organization provides safe, affordable housing through income restricted rental developments. Lincoln action program housing development corporation operates 24 low-income housing units. 24 different households were served during the year.
Operating model
- Revenue model
- Earned-program. 99% 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 - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 55
- Accountability: 91
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: -18.4%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 9.25; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 104.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 16.9% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $204K in reported program spending
- Leadership: top reported pay $206K · 27 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.