Equity Sharing Partners Nfp
Nonprofit profile at a glance
- EIN
- 273978015
- IRS 990-EZ coverage
- 2013–2013
- Forms available
- Form 990 2012, Form 990-EZ 2013
- Location
- Westmont, IL, USA
- Phone
- 6307762837
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $40,368
- Expenses
- $138,889
- Assets
- $237,775
- Liabilities
- $251,388
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ZACHARY ERICKSON (EXECUTIVE DIRECTOR)
People named in this filing
- ZACHARY ERICKSON (EXECUTIVE DIRECTOR)
- JOYCE HOTHAN (CHIEF DEVELOPMENT OFFICER)
- ROBERT WAHLGREN (CHAIRMAN OF THE BOARD)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help stabilize neighborhoods by providing affordable homeownership opportunities to individuals/families of moderate income. To improve the housing stock in dupage county.
What it reported doing in 2013
Foreclosure prevention program (fpp) - down payment assistance, vacant housing rehab, and foreclosure prevention with a main focus on neighborhood stabilization.
Operating model
- Revenue model
- Earned-program. 84% 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. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 100
- Sustainability: 22
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 49.9%; rating input score 50
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -244.1%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.71; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 1.06; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 40.3%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 69.8% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -51.2% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 49.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $69K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.