Elim Transitional Housing Inc

Nonprofit profile at a glance

EIN
363381870
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
Coon Rapids, MN, USA
Phone
6122092697
Rating confidence
Limited
Sector
Housing Support

Reported finances

Revenue
$2,630,777
Expenses
$2,730,856
Assets
$479,192
Liabilities
$540,281

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 end homelessness by providing affordable housing opportunities to individuals, couples, youth, and families in an effort to foster self-reliance and stability in the community. In 2012, hennepin county terminated its contracts with elim and elim terminated operations.

What it reported doing in 2011

Elim operates one program with several components as described below (in early 2012 hennepin county terminated all of its contracts with elim and elim terminated operations.): prevention - elim provides financial assistance to individuals in north and northeast minneapolis who are at risk of becoming homeless. This damage deposit, rental, or mortgage assistance is provided to people in order to preserve their housing stability and avoid homelessness.screening - elim screens all hennepin county families residing in hennepin county shelters and refers them to appropriate services.rapid exit - staff work at hennepin county shelters to aid families in leaving the shelter system. Elim assists families who are experiencing homelessness in finding affordable housing with coordination and services and apartment search guidance.transitional housing - elim operates shared housing, elim rented housing, and market rate rentals partially subsidized by elim. Support services are provided with the housing assistance. Housing is provided for up to 24 months.permanent supportive - elim provides permanent housing in the community with support service to people who have utilized homeless shelters multiple times and also have a mental health, chemical abuse, and/or HIV/AIDS issue. Housing is provided through the group residential housing program, group residential housing program: long-term homeless, and hud. Tenant based rental assistance - elim provides tenant based rent subsidy programs: - the home program provides housing subsidies for families, youth, and individuals in anoka county. - the housing trust funds provide rental subsidies for families and individuals leaving the shelter system or in a housing crisis. - the long term homeless funds provide subsidies for families who have experienced long term homelessness, defined as being homeless four times in the last three years or continually homeless for one year or longer. Homelessness prevention and rapid re-housing - elim assists homeless families and singles in hennepin county funded shelters find housing. Elim advocates assist with transportation to view apartments, application fees, child care, moving assistance and finding furniture.

Operating model

Revenue model
Grant-funded. 96% 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: 90
  • Sustainability: 21
  • Growth: 0

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; 59th 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; 65th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.8%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 1.13; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -1.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: -7.3% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.6M in reported program spending
  • Leadership: top reported pay $68K · 4 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 2 filing years from 2010 to 2011
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.