Foundation for Better Housing Inc Fka Casas De Milagro Inc

Nonprofit profile at a glance

EIN
742756738
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Dallas, TX, USA
Phone
2147508845
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$0
Expenses
$28,061
Assets
$15,164,433
Liabilities
$109,535

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

Leadership & pay

4 people listed

Executive titles in this filing

  • RONALD F AKIN (EXEC DIR, PRESIDENT)

Highest reported compensation

  • CAROLYNN F BEVERS (DIRECTOR): $6,000 total reported compensation
  • MELANIE ANDERSON-CARTER (DIRECTOR): $6,000 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 organization was formed for the purpose of acquiring and operating low-income housing properties within the guidelines of IRS notice 93-1 or within any successor or alternate "safe-harbor" affordable housing guideline published by the IRS.

What it reported doing in 2024

The organization was formed for the purpose of acquiring and operating low-income housing properties within the guidelines of IRS notice 93-1.

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: 0
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 33
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • 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: 540.41; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 42.8%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -61.4% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -60.9% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $6K · 4 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • 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.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.