Fayette County Local Housing Trust Fund Inc

Nonprofit profile at a glance

EIN
260759085
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016
Location
Decorah, IA, USA
Phone
5633826171
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$112,599
Expenses
$97,170
Assets
$413,253
Liabilities
$20,503

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • SAM WHITEHEAD (DIRECTOR)
  • PATRICIA CUSTER (DIRECTOR)
  • ROBERT SHIELDS (DIRECTOR)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of fayette county local housing trust fund, inc. Is to ensure that fayette county residents have access to well-maintained, safe and affordable housing in both rural and urban areas of the county. The organization's focus is to provide economic assistance for low-income residents to address and invest in projects to repair, preserve and rehabilitate fayette county's aging housing stock, both rental and owner- occupied units. Eligible projects include, but are not limited to: plumbing, electrical, roofing, structural, energy efficiency, lead paint issues and handicap accessibility. Funds will be distributed through loans, forgivable and non-forgivable, or grants.

What it reported doing in 2016

The mission of the fayette county local housing trust fund is to provide low income residents of fayette county access to well-maintained, safe and affordable housing in both rural and urban areas of the county. Funds will be distributed through loans, forgivable and non-forgivable, or grants.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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. Liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.5%; rating input score 83
  • Program expense ratio: 95.6%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 13.7%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 4.25; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 4.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 82.5% of revenue deployed · 95.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $93K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • 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: Liabilities to assets ratio scored 40/100.