Haven Housebridges Inc

Nonprofit profile at a glance

EIN
113084088
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Brentwood, NY, USA
Phone
6312313619
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Shelters

Reported finances

Revenue
$3,331,415
Expenses
$2,676,441
Assets
$3,372,010
Liabilities
$1,167,265

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

Leadership & pay

18 people listed

Executive titles in this filing

  • RICHARD BONANNO (PRESIDENT)
  • JON RUISS JR (VICE PRESIDENT)
  • BRUNO J LASPINA (CEO)

Highest reported compensation

  • BRUNO J LASPINA (CEO): $696,624 total reported compensation
  • LINDSAY MEYER (COO): $315,326 total reported compensation
  • JANINE GARRITI (DIRECTOR OF OPERATIONS): $280,637 total reported compensation

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

Overview

Mission

Haven house/bridges, inc. (hhb) is a 501(c)(3) human service agency, which provides emergency shelter for homeless families and permanent housing with support services for low-income individuals and families with HIV/AIDS in suffolk county, New York. Its goal is to enable shelter for homeless families with support services for low-income individuals and families with HIV/AIDS in suffolk county, ny. Our goal is to enable participants to live in the community at the highest level of independence possible.

What it reported doing in 2024

Hhb offers 5 emergency shelters for homeless families who are referred by the suffolk county department of social services central housing division for admission. Support services include 24 hour staff supervision, life skill development and referral services. The program assists residents to find permanent housing and develop life skills such as: socialization, parenting, apartment management, money management, nutrition, meal preparation, and self care (hygiene) to name a few. Hhb's village program provides permanent housing to low-income individuals with HIV/AIDS. The program assists residents to maintain their status in the community while managing the effects of a devastating disease. The program provides both housing and case management to its residents. Staff provide residents with necessary resources and education to enable them to manage the effects of their disease and still function in the community.

Operating model

Revenue model
Earned-program. 92% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 66
  • Accountability: 85
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.9%; rating input score 74
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th 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: 75%; rating input score 75; 13th 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: 19.7%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 73.9% of revenue deployed · 92.8% of spending went to programs
  • Governance: 6 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $697K · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.