Forest Towers East Inc
Nonprofit profile at a glance
- EIN
- 720834619
- IRS 990 coverage
- 2009–2017
- Forms available
- Form 990 2017
- Location
- Alexandria, VA, USA
- Phone
- 7033415000
- Rating confidence
- Limited
- Sector
- Volunteers of America
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- MICHAEL W KING (PRESIDENT)
Highest reported compensation
- MICHAEL W KING (PRESIDENT): $562,589 total reported compensation
- JOSEPH A BUDZYNSKI (ASST. SEC/TR): $329,643 total reported compensation
- ROBERT GIBSON (ASST. SEC/TR): $322,628 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 55
- Accountability: 74
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 25th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -52.4% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 29.3% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -8.7% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 14 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $563K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2009 to 2017
- Contacts: How to reach this organization
- Related organizations: 157 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.