Hfa Community Housing Development Inc C/o Homes for America Inc
Nonprofit profile at a glance
- EIN
- 262155870
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Annapolis, MD, USA
- Phone
- 4102691222
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $1,351,041
- Expenses
- $1,444,210
- Assets
- $0
- Liabilities
- $1,057,727
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DANA JOHNSON (DIRECTOR/PRESIDENT)
- W ANDREW HANSON (DIRECTOR/VICE PRESIDENT)
Highest reported compensation
- DANA JOHNSON (DIRECTOR/PRESIDENT): $287,750 total reported compensation
- JOLLY BURKS (DIRECTOR/SECRETARY/TREASUR): $249,307 total reported compensation
- W ANDREW HANSON (DIRECTOR/VICE PRESIDENT): $230,354 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Please see schedule o the organization's mission is to combat deterioration of neighborhoods in baltimore city and the surrounding counties (the "baltimore metropolitan area") with lower income residents; to provide new opportunities for decent affordable housing to low and moderate income people in the baltimore metropolitan area with the goal that a majority of the households benefiting from these opportunities have incomes qualifying for various federally-funded housing programs or federal tax incentives for provision of affordable housing.
What it reported doing in 2024
Hfa community housing development, inc. Serves as the limited partner of homes on the glen limited partnership, a 34 unit lease purchase rental community in annapolis, Maryland serving low-income citizens. Hfa community housing development, inc. Is also a managing member of homes for greenspring ii gp, llc and part of the gp for homes for greenspring ii, lp and the non-managing member of new weinberg place gp, llc.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 68
- Accountability: 42
- Sustainability: 16
- 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: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th 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: -6.9%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 6.7%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 18.6% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 20.4% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: -162.9% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $288K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 9 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.