Ebenezer Primm Towers Inc

Nonprofit profile at a glance

EIN
362700973
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Location
Tinley Park, IL, USA
Phone
7084444942
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$151,252
Expenses
$0
Assets
$5,632,501
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • REV DEBORAH SCOTT (President)
  • MONICA MARTIN (Vice President)

People named in this filing

  • REV DEBORAH SCOTT (President)
  • MONICA MARTIN (Vice President)
  • ANN WILSON (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing for eligible low - income tenants

What it reported doing in 2023

The organization provides affordable housing to eligible low - income tenants. Tenants pay a portion of the rent based on their ability to pay as determined pursuant to hud guidelines.in 2022 the organization's rental property was sold to a low-income housing tax credit (lihtc) limited partnership in order to finance a complete renovation. The organization has an interest in the general partner, ebenezer-primm llc, which has elected to be taxed as a regular c corporation.the organization has carried back a purchase money note from the lihtc limited partner in the amount of $4,350,000 which carries interest at 3.35% compounded annually and which is payable in accordance with the terms of the note. A liquidity reserve in the amount of $500,000 is held in the name of the organization under the control of the limited partnership investor. The note and the interest in the general partner comprise all of the organization's remaining assets.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 10
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • 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: 4 of 7 controls in place; rating input score 57
    • 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: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -20.7% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 18.8% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2016 to 2023
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.