Eastern Plains Housing Development

Nonprofit profile at a glance

EIN
850411451
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
Clovis, NM, USA
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$923,775
Expenses
$1,068,447
Assets
$1,929,316
Liabilities
$1,631,684

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve as an institutional vehicle to acquire, develop, finance, and operate affordable housing in the region in partnership with various affiliates. To provide organization support, training, technical assistance, and other resources to local, public, and private organizations which address the region's housing needs through the development of affordable housing and/or the provision of related services. To obtain necessary public and private resources for projects and programs related to the organization's objectives.

What it reported doing in 2011

Manage 27 single family home in curry, de baca, and union counties; operate a home owner rehabilitation program currently in curry, de baca, quay, & roosevelt counties which increases supply of safe, decent, sanitary, and affordable housing for low and very-low income households; developed 8 multi-unit properties throughout eastern New Mexico for the elderly and disabled, which we also facilitate services (case management) to 197 of the residents from theses multi-unit properties; co-developer for a multi-unit single family low income project in curry county; acquired an existing 40 unit single family complex in curry county, which we rehabilitated the unit the project; manage 2 homeless programs-1 for the general homeless population and the other program is for homeless & disabled.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 35
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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: 4 of 7 controls in place; rating input score 57
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.7%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 1.81; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 43% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -6.5% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $927K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2010 to 2011
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

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 — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.