Crabtree Apartments Inc

Nonprofit profile at a glance

EIN
841141786
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Fort Collins, CO, USA
Phone
9704882361
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$99,971
Expenses
$114,179
Assets
$1,622,275
Liabilities
$288,113

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • IMRAN BHIMANI (PRESIDENT)
  • JOSEPH MOORE (VICE PRESIDENT)

Highest reported compensation

  • KELLY EVANS (EXECUTIVE DIR.): $130,196 total reported compensation
  • JENNY MAEDA (DEPUTY DIRECTOR): $114,937 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Neighbor to neighbor (n2n) empowers people and promotes housing opportunity through counseling, education, supportive services, community partnerships and the provision of multi-family affordable housing. N2n fosters positive outcomes and stable housing along all points of the housing continuum, from homelessness through home ownership.

What it reported doing in 2024

Operate and maintain an 8 unit affordable apartment housing complex.

Operating model

Revenue model
Grant-funded. 63% of the money available for current operations came from government grants.
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. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.6%; rating input score 96
  • Program expense ratio: 83.7%; rating input score 84
  • 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; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -14.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 14.21; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 17.2%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 19% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 15.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 95.6% of revenue deployed · 83.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $96K in reported program spending
  • Leadership: top reported pay $130K · 17 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 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.

  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.