Farnam Neighborhood House Inc

Nonprofit profile at a glance

EIN
060646633
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
New Haven, CT, USA
Phone
2035629194
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Neighborhood Centers

Official website

Reported finances

Revenue
$547,763
Expenses
$661,786
Assets
$1,557,483
Liabilities
$331,422

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • NORMAN BENDER (PRESIDENT)
  • JUAN CANDELARIA (VICE PRESIDENT)
  • JAMELL COTTO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JAMELL COTTO (EXECUTIVE DIRECTOR): $89,146 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Strengthen the minds, bodies, and spirits of youth and their families

What it reported doing in 2020

Promoting positive youth development: evening teen program the evening program meets monday-friday 6:00-9:00pm during the school year for teens 13-18 years. The program is designed to develop basic life skills, expand exposure to social, educational, recreational, and cultural opportunities for youth, develop relationships with peers and adults, foster a sense of community and voluntarism and develop young leaders. Activities include gym/sports, basketball teams and leagues, gameroom, computer lab, weight program and teen lounge. Youth leadership program, youth leadership program targets ages 13-15 in planning and implementing group & peer discussions, special events and community service projects to help make the neighborhood a better place. Youth interns volunteer in the afterschool & saturday program and camp farnam during the summer months. These programs provide services to approximately 800 teens. Saturday in-house biddy basketball league for ages 6-14 designed to instruct young players on the fundamentals, and encourage the team concept and sportsmanship. Comprehensive services to families strengthening families & community farnam neighborhood house provides comprehensive & coordinated family focused programs which serve families, and through them the entire neighborhoods. These include social, educational, recreational programs and community gardens/gardenspace initiative for a healthy community - nutrition education programs are coordinated with st. Raphael's hospital and fair haven community health clinic. These programs provide services to approximately 1000 individuals.

Operating model

Revenue model
Grant-funded. 78% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 62%; rating input score 62
  • 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: 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: -20.8%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.35; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 13.5%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -7.8% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 74.9% of revenue deployed · 62% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $410K in reported program spending
  • Leadership: top reported pay $89K · 13 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2012 to 2020
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.