Harbor Homes III Inc
Nonprofit profile at a glance
- EIN
- 222537203
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- Nashua, NH, USA
- Phone
- 6038823616
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $170,648
- Expenses
- $174,971
- Assets
- $210,135
- Liabilities
- $160,876
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Henry Och (CEO)
People named in this filing
- Henry Och (CEO)
- Ana Pancine (CFO)
- William Belecz (COO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create and provide quality residential and supportive services for persons (and their families) challenged by mental illness and homelessness.
What it reported doing in 2024
For the year covered by this reporting period, the Organization continued to provide permanent housing and supportive services for individuals challenged with severe mental health disorders and/or other medical disabilities. The facility operates under Section 202 of the National Housing Act.
Operating model
- Revenue model
- Earned-program. 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.3%; rating input score 88
- Program expense ratio: 86.7%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.5%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 1.2; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.9% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -3.3% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 88.3% of revenue deployed · 86.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $152K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: 10 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.
- High — Sustainability: Operating margin scored 27/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.