Hapb Expanding Housing Opportunities Cor

Nonprofit profile at a glance

EIN
473016796
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Pompano Beach, FL, USA
Phone
9547857200
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$130,681
Expenses
$152,696
Assets
$982,310
Liabilities
$24,258

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

Leadership & pay

5 people listed

Executive titles in this filing

  • PATRICE WATKINS-EDWARDS (VICE PRESIDENT - DEPUTY DI)
  • WHITNEY RAWLS (PRESIDENT)
  • WOODROW POITIER (VICE PRESIDENT-ADMINISTRAT)
  • LENNARD ROBINSON (EXECUTIVE DIRECTOR-SECRETA)

Highest reported compensation

  • LENNARD ROBINSON (EXECUTIVE DIRECTOR-SECRETA): $9,052 total reported compensation
  • PATRICE WATKINS-EDWARDS (VICE PRESIDENT - DEPUTY DI): $7,243 total reported compensation
  • DONNA SMITH (TREASURER FINANCE DIRECTO): $5,365 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 mission is provide housing opportunities to very low and moderate income persons directed to communities in pompano beach, broward county and southeast Florida. The most significant activity is the purchasing of single family homes, renovating them and leasing them to families in the very low to moderate income bracket.

What it reported doing in 2024

The organization has purchased six (6) single family homes and renovated the homes. Once the renovation was completed, the organization advertised the availability of the home, screened potential applicants and leased the property. To date, the organization has provided four (4) families with a place to call home.

Operating model

Revenue model
Earned-program. 63% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 37
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 40%; rating input score 40; 15th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.8%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 6.43; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -21.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 5 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $153K in reported program spending
  • Leadership: top reported pay $9K · 5 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Independent voting board scored 40/100.
  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.