Home Share Now Inc

Nonprofit profile at a glance

EIN
273246501
IRS 990 coverage
2012–2017
Forms available
Form 990 2017
Location
Barre, VT, USA
Phone
8024798544
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Women's Rights

Reported finances

Revenue
$255,118
Expenses
$280,734
Assets
$98,657
Liabilities
$12,798

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARGARET FOX (PRESIDENT)

People named in this filing

  • NICOLE SANCIBRIAN (TREASURER)
  • MARGARET FOX (PRESIDENT)
  • DARA TORRE (SECRETARY)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Home share now cultivates mutually beneficial matches for home providers and home seekers to expand the possibilities of how we live.

What it reported doing in 2017

Home share now cultivates matches for home providers and home seekers to expand the possibilities for living. It is a social capital means to multiple ends: extra income for home providers, reduced rent for home seekers, shared energy and costs, reduced commutes, enhanced sense of community, nursing home diversion, respite for adult children caring for aging parents, and no cost, at-home, non-medical services for seniors (transportation, protective presence, meals, etc). The number of people supported in matches was 110 people in fy18. The average rent of a home share now match was 290 per month which saved home seekers 157,996 in rental expenses. 31% of all home seekers provided services in lieu of rent and paid 0 in rent per month. While new infrastructure is important in meeting housing needs, the 106 units created by home share now by utilizing existing housing stock would cost at least 21 million to build new. Home share now matched home seekers provided 16,014 hours of assistance, enabling older adults and others to stay safely at home. These services represent a potential savings of over 189,000 for home providers and their families. Older adults likely saved 567,000 in nursing home diversion thanks to home share now. 94% of matched home sharers reported an improvement in at least one quality of life indicator such as feeling safer, less lonely, happier and healthier. 98% of matched persons responding to the fy18 outcomes survey would recommend home share now to family and friends. `

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. The required major-donor schedule is missing or incomplete and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 75
  • Accountability: 88
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 79.5%; rating input score 80
  • Fundraising efficiency: $9.59 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass

Sustainability

  • Operating margin: -10%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 79.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $223K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 6 filing years from 2012 to 2017
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Major donor itemization scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 21/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.