Fair Opportunity for Change Inc
Nonprofit profile at a glance
- EIN
- 371555574
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Long Beach, CA, USA
- Phone
- 3239206431
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Half-Way House for Offenders, Ex-Offenders
Reported finances
- Revenue
- $3,306,328
- Expenses
- $3,254,090
- Assets
- $756,707
- Liabilities
- $971,760
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- REGINA FAIR (EXECUTIVE DIRECTOR)
Highest reported compensation
- REGINA FAIR (EXECUTIVE DIRECTOR): $298,695 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of fair opportunity for change, inc. Is to provide quality interim supportive housing services to homeless single adults and families with children.
What it reported doing in 2024
Fair opportunity for change inc serviced approximately 720 individuals during the fiscal year ended 3/31/25. The services that were provided include supportive interim housing, life skill groups, case management, clinical mental health services, substance abuse counseling services, recreational trips and activities, three meals per day, transportation services, clothing, arts and craft, laundry/cleaning services, hygiene products and community referrals and linkages to assist families to identify permanent housing. Other services provided include rental assistance and covid mitigation services with free rapid testing. These services were provided utilizing eleven separate interim housing locations in los angeles county. Our goal is to continue to collaborate with the city and county of los angeles to link individuals and families to permanent housing and to decrease the number of individuals that are homeless within our community.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.7%; rating input score 93
- Program expense ratio: 94.2%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 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: 1.6%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 1.28; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 16% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 15.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 23.2% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 92.7% of revenue deployed · 94.2% of spending went to programs
- Governance: 4 of 4 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.1M in reported program spending
- Leadership: top reported pay $299K · 5 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $393K reported
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 40/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.