Harlem Congregations for Community Improvement Inc

Nonprofit profile at a glance

EIN
133516262
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2122814887
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$4,631,225
Expenses
$4,115,573
Assets
$27,875,616
Liabilities
$15,272,948

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

Leadership & pay

15 people listed

Executive titles in this filing

  • MALCOLM A PUNTER MBA EDD (PRESIDENT & CEO)

Highest reported compensation

  • MALCOLM A PUNTER MBA EDD (PRESIDENT & CEO): $197,966 total reported compensation
  • SHERILL HENRY (SR. VP, REAL ESTATE DEVELOPMENT): $149,863 total reported compensation
  • RETHEA POWELL (OUTGOING DIRECTOR OF FINANCE): $125,542 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 economic development opportunities and empowerment of harlem residents rebuild their community. The goals are affordable rental housing and ownership, job training, community youth programming.

What it reported doing in 2024

The office of real estate development (ored) coordinates the development of low, moderate, and middle income housing in the harlem community. Hcci is an affiliate and general partner in the low income housing tax credit development for more than 3500 units of housing and more than 80 commercial spaces. Community planning and development includes but not limited to social services to seniors located in the different locations owned and co-owned by hcci that serves more than 200 seniors. Social initiatives of hcci through - equitable development initiatives (edi) geared up to assist residents in the harlem to acquire affordable houses through the New York city mortgage coalition financial literary, first time buyer counseling and foreclosure prevention. Hcci serves the target demographics by the hundreds annually on this program. Enhanced the health and wellness division to improve resident mental and physical health outcomes, managed the affordable and elderly housing program for 310 residents. Managed the scattersite housing program for 60 residents with health challenges.

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 - 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 some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 70
  • Accountability: 86
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.6%; rating input score 72
  • Program expense ratio: 80.6%; rating input score 81
  • Fundraising efficiency: $23.52 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 11.1%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 6.77; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 11.5%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 16.3% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 71.6% of revenue deployed · 80.6% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $198K · 15 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $153K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 43 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.