Cordon Development Group Inc
Nonprofit profile at a glance
- EIN
- 920588050
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Hartland, WI, USA
- Phone
- 6084454282
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $530,001
- Expenses
- $4,002
- Assets
- $530,301
- Liabilities
- $12,709
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Jorjio Hopkins (President)
- Chris Bailey (Vice President)
People named in this filing
- Jorjio Hopkins (President)
- Chris Bailey (Vice President)
- Senator Mark Kirk (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to end veteran homelessness by creating both affordable communities and workforce housing communities with built-in veteran support services. Places where veterans can heal, grow, and thrive.
What it reported doing in 2024
A.In 2024, Cordon Housing focused on laying the essential groundwork to expand affordable housing opportunities for veterans. While no new housing communities were completed during the year, we made significant progress by building a robust pipeline of projects totaling 126 affordable apartment units, including 69 units specifically designated to support veterans. B.Throughout the year, we submitted multiple funding applications and were successful in securing financial commitments for the development of two veteran-focused communities within this pipeline. These achievements represent critical milestones toward advancing our mission, although actual closings and construction activities are scheduled for future years beyond 2024. C.Beyond development efforts, Cordon Housing coordinated closely with financing partners, government agencies, and private developers to ensure that once these communities are built, veterans residing in them will have access to comprehensive life navigation services. These services are designed to promote stability, wellbeing, and long-term success for veteran residents. D. By strengthening partnerships and advancing funding opportunities, we continue to elevate veteran housing as a priority in the affordable housing landscape. Our ongoing efforts ensure that housing solutions are not only affordable but also provide the supportive services veterans need to heal, grow, and thrive.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 18
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 93
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.4%; rating input score 0
- Program expense ratio: 55.4%; rating input score 55
- 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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 99.2%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 132.51; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0.4% of revenue deployed · 55.4% of spending went to programs
- Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Accountability: Governance controls: 4 of 6 not reported.