Home First - Interfaith Housing and Family Services
Nonprofit profile at a glance
- EIN
- 222698334
- IRS 990 coverage
- 2011–2020
- Forms available
- Form 990 2020
- Location
- Plainfield, NJ, USA
- Phone
- 9087534001
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
- Affiliation
- Interfaith
Reported finances
- Revenue
- $337,526
- Expenses
- $367,036
- Assets
- $2,876,611
- Liabilities
- $1,371,590
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RONALD C THOMAS (President)
- KAREN O MOORE (Vice President)
- KARLA SPIVEY (Executive Director)
Highest reported compensation
- KARLA SPIVEY (Executive Director): $66,607 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Home-first offers permanent solutions to homelessness by providing transitional housing and permanent housing, homelessness prevention assitance and support services to strengthen families and build commun
What it reported doing in 2020
Homeless Prevention Programs Homeless prevention/ Emergency assistance - Emergency Rental, Utility, security deposit and food assitance to prevent families from becoming homeless
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.
The verdict
MIXED - Most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 53
- Accountability: 90
- Sustainability: 40
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.6%; rating input score 58
- Program expense ratio: 52.9%; rating input score 53
- Fundraising efficiency: $3.2 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 0%; rating input score 0; 18th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.7%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 7.84; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 18.1%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: -15.1% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -8.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -6.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 57.6% of revenue deployed · 52.9% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $194K in reported program spending
- Leadership: top reported pay $67K · 6 people listed
- Consistency: 24 of 26 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 8 filing years from 2011 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.