Frontier Housing Inc
Nonprofit profile at a glance
- EIN
- 610863958
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Morehead, KY, USA
- Phone
- 6067842131
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,715,046
- Expenses
- $4,655,217
- Assets
- $21,771,810
- Liabilities
- $11,305,560
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- TOM MANNING-BEAVIN (PRESIDENT/CE)
Highest reported compensation
- TOM MANNING-BEAVIN (PRESIDENT/CE): $217,971 total reported compensation
- CHELSA HAMILTON (CFO): $99,940 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Frontier housing is the leader for affordable housing dolutions in appalachian communities in the heart of the Ohio river valley. Frontier improves the quality of life for individuals and families, helping them: achieve long-term stability, financial independence, and generational wealth.
What it reported doing in 2024
Homeownership creation: frontier housing's fiscal year impact included a total investment of over 9.7 million in our communities. We built and financed 9 new homes. Homebuyer education and counseling: frontier provided homebuyer education and credit counseling for over 200 households in preparing them to become homebuyers. Home rehabilitation: frontier rehabilitated 38 homes in our service area. Rental housing: frontier owned and operated 46 rental units providing affordable housing for low-income families.
Operating model
- Revenue model
- Grant-funded. 70% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.7%; rating input score 69
- Program expense ratio: 68.5%; rating input score 68
- Fundraising efficiency: $16.75 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.3%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 4.68; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 14% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 68.7% of revenue deployed · 68.5% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.2M in reported program spending
- Leadership: top reported pay $218K · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.3M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 54/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.