Hamilton-madison House Inc

What it reported doing in 2024

Youth developmentsince its relaunch in 2021, hmh's local initiative fostering together (lift) youth development program, brings together youth of diverse backgrounds ages 12-18 to find common purpose, emphasize harmony, develop leadership skills and perform community service together. The goal of the program is bringing youth together in productive and mindful ways to reduce stigmas, bias, and violence that can occur toward each other when all that is hitherto perceived is difference and exclusion. The program provides students with life-enhancing activities that develop life skills to effectively handle everyday stresses and to prepare them for future responsibilities at school, work, and home. A significant and growing proportion of the youths' community service is focused on intergenerational activities that support older adults of all backgrounds. These activities were a part of a larger organizational effort to bring older adults out of early-pandemic isolation and provide safe programming spaces; a significant number of older adults have been terrified to leave their homes over the past few years due to covid and the sharp rise in anti-asian hate crimes. Since 2021, the program has grown from 0 youth and 0 older adult participants to 30 youth and 50 older adult participants. In addition to the lift program, hmh hosts a summer youth development program in partnership with nycha to engage local young people in a variety of recreational, cultural, and social programs.community services and food pantryhmh community services strive to alleviate poverty by providing non-english-speaking residents with english language, computer, and career skills, and helping community members become active in local business, community and their children's academic and social lives. We also provide immigration classes, access to legal services, and workshops to help new immigrants adjust to life in their new communities. Hamilton-madision house continues to address local food insecurity, exacerbated by the sharp inflation of grocery prices and the expiration in march 2023 of early-pandemic emergency supplemental ebt/snap "top-up" benefits. Hmh operates regular community food pantries and delivering healthy, culturally appropriate fresh produce and dry groceries to the front doors of local residents, who are typically low-income, mobility-impaired older adults. Youth volunteers from the hmh's lift youth development program have played a major role in packing and distributing pantry grocery bags as part of their intergenerational community service.

Financial Efficiency

• Mission deployment rate: 68.5%; rating input score 69
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: $79.14 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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: 22.6%; rating input score 84; 84th percentile among comparable filings
• Total-asset coverage ratio: 1.16; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 30; 30th percentile among comparable filings
• Officer compensation ratio: 7.4%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 37th percentile among comparable filings
• Revenue growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: 13% per year; rating input score 100; 76th percentile among comparable filings