Greater Ridgecrest Area Youth Development Initiative Inc

Nonprofit profile at a glance

EIN
161730210
IRS 990 coverage
2011–2022
Forms available
Form 990 2022
Location
Largo, FL, USA
Phone
7275957290
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$632,323
Expenses
$632,360
Assets
$171,545
Liabilities
$32,847

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHELLE MCFARLANE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHELLE MCFARLANE (EXECUTIVE DIRECTOR): $92,022 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Engaging local residents in activities that build leaders, increase learning opportunities and support families as a neighborhood family center, graydi provides full wrap around services that promote self-sufficiency and keeps families from entering into crisis mode.

What it reported doing in 2022

The organization provides youth, adult and family support services. Last year an estimated 162 youth received services including homework assistance, tutoring and literacy and computer and literacy classes, enrichment programs such as gardening, arts and crafts, sports, and recreational activities. We served an estimated 7,815 adults with job training and literacy instruction. Family support services include utility assistance, food pantry, housing assistance, parenting classes, budgeting, free tax prep, notary and other support services. These support services help families to stay out of crisis mode and move toward self-sufficiency. Our comprehensive wrap around approach addresses the family as a whole with the goal of promoting healthy kids, healthy families, healthy lifestyles.

Operating model

Revenue model
Grant-funded. 86% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.7%; rating input score 83
  • Program expense ratio: 82.7%; rating input score 83
  • Fundraising efficiency: $25.23 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

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: 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: -0%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 14.6%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 6.3% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 17.1% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 82.7% of revenue deployed · 82.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $523K in reported program spending
  • Leadership: top reported pay $92K · 6 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 12 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.