Harbor Properties

Nonprofit profile at a glance

EIN
251840963
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New Wilmington, PA, USA
Phone
7249468711
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$1,934,012
Expenses
$430,606
Assets
$65,951,160
Liabilities
$45,894,998

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

Leadership & pay

9 people listed

Executive titles in this filing

  • SUSAN MIKLOS (EXECUTIVE DIRECTOR (THRU DEC 2024))
  • RENAY CROUSE (EXECUTIVE DIRECTOR (EFF JAN 2025))

Highest reported compensation

  • SUSAN MIKLOS (EXECUTIVE DIRECTOR (THRU DEC 2024)): $323,796 total reported compensation
  • RENAY CROUSE (EXECUTIVE DIRECTOR (EFF JAN 2025)): $230,452 total reported compensation
  • DONNA EGBERT (CHIEF FINANCIAL OFFICER): $147,720 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide office space and physical space to advance, promote, and support the exempt purposes of the bair foundation and its affiliated organizations which provide therapeutic foster care services to children.

What it reported doing in 2024

To provide office space and physical space to advance, promote, and support the exempt purposes of the bair foundation, the bair foundation of Pennsylvania, the bair foundation of Texas, the bair foundation of Virginia, and the bair foundation of Georgia, all exempt organizations which provide therapeutic foster care services to children.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23%; rating input score 23
  • Program expense ratio: 97.7%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 77.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 153.16; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: -12% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 23% of revenue deployed · 97.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $421K in reported program spending
  • Leadership: top reported pay $324K · 9 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $569K reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 8 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 — Financial Efficiency: Mission deployment rate scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.