Funding Partners for Housing Solutions
Nonprofit profile at a glance
- EIN
- 841352870
- IRS 990 coverage
- 2014–2017
- Forms available
- Form 990 2017
- Location
- Fort Collins, CO, USA
- Phone
- 9704942021
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $741,199
- Expenses
- $542,668
- Assets
- $9,929,221
- Liabilities
- $8,367,797
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Debra Gray (President)
- Scott Horton (Vice President)
- Sean Doherty (Executive Director)
Highest reported compensation
- Sean Doherty (Executive Director): $130,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule OTo coordinate, enhance and leverage resources to increase the affordable housing stock attainable to very low to moderate income families and individuals, our target market. To pursue partnerships and alliances, which optimize affordable housing resources. Expand access to capital and credit among underserved markets to promote long-term economic benefits to our target market.
What it reported doing in 2017
Provided education and short-term funding towards the furtherance of affordable housing in Colorado. Provided downpayment loans to low to moderate income home buyers. Provided construction loans for low to moderate income multi-family housing developments.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- 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 the filed numbers largely add up. The required major-donor schedule is missing or incomplete and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 77
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.6%; rating input score 67
- Program expense ratio: 91%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- 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: 26.8%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 18.3; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.84; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: -10.2% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 11.9% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -7.7% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 66.6% of revenue deployed · 91% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $494K in reported program spending
- Leadership: top reported pay $130K · 15 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2014 to 2017
- Contacts: How to reach this organization
- 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.
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 — Transparency & Controls: Major donor itemization scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.