HM Life Opportunity Services

Nonprofit profile at a glance

EIN
341539399
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Cuyahoga Falls, OH, USA
Phone
3303841555
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$495,766
Expenses
$467,495
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • FRED BERRY (PRESIDENT)

Highest reported compensation

  • FRED BERRY (PRESIDENT): $92,515 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

H.m. Life opportunity services provides safe, affordable housing and supportive services to homeless, single-parent families within the akron/summit county area.

What it reported doing in 2018

Permanent supportive housing: operation of 32 units of permanent supportive housing for homeless, single-parent families. Provision of affordable housing, transportation, food, clothing and supportive services. Housing location, financial assistance and intensive care management services for homeless families transitioning from our program into permanent community housing. Youth services program: comprehensive program for homeless children residing in permanent supportive housing. Includes intensive care management, tutoring, academic liaison services, summer camp and recretional activities. Homeless prevention: ongoing case management, weekly educational programs, and financial assistance for basic necessities to keep individuals from slipping back into homelessness.

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 96
  • Sustainability: 27
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 85.5%; rating input score 86
  • 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; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 25th 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: 5.7%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -11.9% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 80.6% of revenue deployed · 85.5% of spending went to programs
  • Governance: 13 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $400K in reported program spending
  • Leadership: top reported pay $93K · 14 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Growth: Asset growth scored 0/100.