Episcopal Community Housing Development Organization Inc

Nonprofit profile at a glance

EIN
223471028
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Williamsville, NY, USA
Phone
7169295800
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Reported finances

Revenue
$95,006
Expenses
$40,663
Assets
$1,361,233
Liabilities
$2,261,051

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

Leadership & pay

6 people listed

Executive titles in this filing

  • ROBERT WALLACE (PRESIDENT & CEO)

Highest reported compensation

  • ROBERT WALLACE (PRESIDENT & CEO): $494,065 total reported compensation
  • JAMES J JULIANO (VP & CFO): $255,896 total reported compensation

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

Overview

Mission

Episcopal community housing development organization, inc. Develops housing for low income individuals and the elderly.

What it reported doing in 2024

Episcopal community housing development organization, inc. Develops housing for low income individuals and the elderly. Program service costs were incurred in furtherance of the company's purpose.

Operating model

Revenue model
Affiliate-supported. 94% of the money available for current operations came from contributions from related organizations.
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

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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 13
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.6%; rating input score 13
  • Program expense ratio: 17.2%; rating input score 17
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 57.2%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 33.48; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 1.66; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 118.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -64.2% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 43.6% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 16.7% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 12.6% of revenue deployed · 17.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $494K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 6 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.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • High — Financial Efficiency: Program expense ratio scored 17/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.