Extended Housing Inc

Nonprofit profile at a glance

EIN
341400918
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Painesville, OH, USA
Phone
4403528424
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Group Homes

Official website

Reported finances

Revenue
$3,165,682
Expenses
$3,057,257
Assets
$4,968,500
Liabilities
$1,393,332

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

Leadership & pay

11 people listed

Executive titles in this filing

  • MARK HILL (PRESIDENT)
  • AMANDA CHURCH (VICE PRESIDENT)
  • KAREN MCLEOD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KAREN MCLEOD (EXECUTIVE DIRECTOR): $93,897 total reported compensation

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

Overview

Mission

Extended housing, inc. Is a 501(c)(3) nonprofit organization whose mission is to prevent and end homelessness for individuals in lake county with a serious mental illness. Governed by a board of directors, extended housing, inc. Is certified by the Ohio mental health and addiction services and receives funding and support from the lake county alcohol, drug addiction, and mental health services (adamhs) board.our vision is a world in which all individuals with serious mental illness can live as independently as possible and have access to a safe, decent, affordable, supportive place to live. We believe that all individuals - regardless of ability, income, or potential for growth - have intrinsic human dignity and are worthy of respect, compassion and full integration into their community.we recognize and support the individual's right to choose their housing. We value sincerity, integrity, diversity, and excellence in all of our endeavors.

What it reported doing in 2024

Extended housing, inc. (ehi) purchases and/or develops properties throughout lake county with capital dollars granted to them from federal, state and local agencies and foundations. Ehi currently owns and manages 18 residential housing facilities, consisting of two group homes, one residential care home, seven condominiums, five apartment buildings, and three single homes (attached to one of these homes are three one-bedroom apartments). These facilities provide housing for individuals with social, emotional, intellectual and/or physical disabilities. One of ehi's most recent developments is mckinley grove, a 17 unit building that has support services available onsite, including onsite ehi staff. Mckinley grove has a formal tenant organization who named themselves the mckinley grove tenant board (mgtb). One of mckinley grove's tenants joined the ehi board of directors in fy 2020. Funding for the operation of these facilities is provided primarily by tenant rents. Although owned and maintained by ehi, the group homes and residential care facility are operated by another entity. The remaining properties are of the "housing as housing "concept. Tenants live in the units on an independent, permanent basis and pay ehi rent. Ehi maintains all units 24 hours per day, 7 days a week and provides utilities, repairs and general maintenance. Tenants pay 30% - 40% of the household's adjusted income, depending on the rental subsidy they receive. Ehi fully maintains all buildings from roofing, driveways, grounds, interiors, appliances, carpeting and tile, plumbing, heating and electrical.

Operating model

Revenue model
Grant-funded. 76% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.4%; rating input score 75
  • Program expense ratio: 78%; rating input score 78
  • 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 15th percentile among comparable filings
  • Revenue growth: 1% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 75.4% of revenue deployed · 78% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 9 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $94K · 11 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.