Holy Angels
Legal name: Holy Angels Foundation Inc
Nonprofit profile at a glance
- EIN
- 561762654
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Belmont, NC, USA
- Phone
- 7048254161
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $8,891,242
- Expenses
- $5,722,496
- Assets
- $38,761,165
- Liabilities
- $36,609
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- KERRI C MASSEY (CEO & PRESIDENT)
- REGINA P MOODY (PRESIDENT EMERITUS)
Highest reported compensation
- KERRI C MASSEY (CEO & PRESIDENT): $273,375 total reported compensation
- MICHAEL C GIANG (TREASURER / CFO): $244,045 total reported compensation
- DONNIE O THURMAN (EXECUTIVE VP/COO): $182,221 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide compassionate, dependable care and opportunities for high-quality living for people with intellectual and developmental disabilities and delicate medical conditions through physical, social, spiritual, educational, vocational and emotional support. Guided and inspired by a profound sense of purpose that is expressed in our mission, vision, values and commitment, we are dedicated to providing loving and compassionate care, creative learning programs, and high-quality living opportunities through our innovative and internationally recognized programs for the differently able. We offer a wide array of services to individuals ranging from infancy to older adults and their families, including: residential living, day services, vocational opportunities, medical services, physical therapy, special education and habilitation services, creative arts, recreation, spiritual...
What it reported doing in 2024
Funding, fundraising, and administrative support provided to or on behalf of holy angels, inc. For comprehensive residential services and medical care to individuals with developmental disabilities.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.2%; rating input score 72
- Program expense ratio: 80.5%; rating input score 80
- Fundraising efficiency: $6.82 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: 35.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 6.77; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 18.8% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 72.2% of revenue deployed · 80.5% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.6M in reported program spending
- Leadership: top reported pay $273K · 20 people listed · 4 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 7 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 — Financial Efficiency: Fundraising efficiency scored 25/100.