Helping Hands Housing Services Inc
Nonprofit profile at a glance
- EIN
- 860739825
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Phoenix, AZ, USA
- Phone
- 6022757852
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $7,247,414
- Expenses
- $4,432,767
- Assets
- $7,361,858
- Liabilities
- $2,330,355
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DIANE ATKISON (CEO)
- MATTHEW BENJAMIN (PRESIDENT)
Highest reported compensation
- DIANE ATKISON (CEO): $76,456 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 to break the cycle of poverty for low-income families by providing affordable housing and comprehensive support services that are intended to improve the quality of life for residents and their children.
What it reported doing in 2024
Helping hands owns and operates two apartment communities in central and south phoenix comprised of 120 apartments serving over 300 individuals, more than half of which are children under the age of sixteen. The annual average household income for residents is less than 20,000. Helping hands provides numerous supporting services at both residence communities as well as rent support. On-site program coordinators provide services to improve the lives of adults and children while breaking the cycle of poverty. Programs include family rental assistance, childcare assistance, english as a 2nd language classes, ged referrals, job readiness classes, women's support groups, financial management classes, utility assistance, furniture and clothing donations, transportation assistance and referral, resident councils, life skill classes, food box referrals and deliveries, general referral services, tutoring and pre-school programs, summer reading programs, summer camps, and community activities.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 71
- Growth: 80
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; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 38.8%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 13.9% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.4M in reported program spending
- Leadership: top reported pay $76K · 9 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 5 filed schedules · includes grants and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 14 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 — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.