Hendricks House Foundation Inc

Nonprofit profile at a glance

EIN
270837099
IRS 990 coverage
2018–2020
Forms available
Form 990 2020
Location
Vineland, NJ, USA
Phone
8567942443
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$415,265
Expenses
$205,272
Assets
$4,931,635
Liabilities
$354,669

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DAVID CATALANA (PRESIDENT)

People named in this filing

  • PETER GALETTO JR (BOARD MEMBER)
  • DAVID CATALANA (PRESIDENT)
  • JAMES HAMMERSTEDT (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hendricks house foundation, inc. (the "foundation") was organized and operates for the exclusive benefit of hendricks house, inc. The foundation holds title to the facilities from which hendricks house, inc. Operates. In addition, the foundation owns investments for the exclusive benefit of hendricks house, inc. The foundation is a type i supporting organization as defined under regs. Sec. 1.509(a)-4. The foundation owns securities available to support activities of hendricks house, inc. The structuring of this relationship protects the assets available to hendricks house, inc, from exposure to potential liability that could routinely arise from the operation of substance abuse rehabilitation centers. This asset protection structure provides significant and exclusive support to hendricks house, inc.

What it reported doing in 2020

To support the charitable activities of hendricks house, inc.

Operating model

Revenue model
Investment-supported. 70% of the money available for current operations came from recurring investment income.
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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.9%; rating input score 61
  • Program expense ratio: 94.5%; rating input score 94
  • 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: 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: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 50.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 24.02; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 37.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 23.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 60.9% of revenue deployed · 94.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $194K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.