Culpepper Garden Ii Inc
Nonprofit profile at a glance
- EIN
- 541561639
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Arlington, VA, USA
- Phone
- 7035280162
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $1,363,410
- Expenses
- $1,197,509
- Assets
- $1,906,200
- Liabilities
- $3,191,566
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- CHARLES MENG (CHAIR)
- PETER KANT (VICE CHAIR)
- MARY SUSAN PHILP (VICE 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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide low income housing for elderly or disabled tenants over the age of 62. Culpepper garden ii does not discriminate on the basis of race, sex, elderliness, religion, or national origin. This location currently has 63 units in service.
What it reported doing in 2024
Provide low income housing units for elderly or disabled tenants over the age of 62. This location currently has 63 units in service.
Operating model
- Revenue model
- Earned-program. 98% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.6%; rating input score 77
- Program expense ratio: 88.7%; rating input score 89
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.2%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 1.67; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 76.6% of revenue deployed · 88.7% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.