Homeless Coalition of Southern Indiana Inc

Nonprofit profile at a glance

EIN
811637476
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
New Albany, IN, USA
Phone
8122026589
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Shelters

Official website

Reported finances

Revenue
$1,586,678
Expenses
$863,298
Assets
$1,143,515
Liabilities
$18,252

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • LESLEA TOWNSEND CRONIN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LESLEA TOWNSEND CRONIN (EXECUTIVE DIRECTOR): $85,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The homeless coalition of southern Indiana exists to address homelessness and its causes in the community by increasing advocacy and awareness, coordinating efforts, and influencing policy decisions. We work with local government, organizations, businesses, and other volunteers to streamline services to those homeless and at-risk of homelessness. Through strong relationships with our members, we work to minimize the time someone experiences homelessness in our community.

What it reported doing in 2024

Benefits navigation is a partnership with covering kids & families of Indiana (ckf) to breakdown barriers to accessing and understanding healthcare coverage programs by providing certified benefits navigators to help individuals to receive community benefits. Rapid rehousing program seeks to utilize the resources and relationships cultivated through landlord engagement to seek out housing for those who are struggling to maintain stability. Staff work directly with landlords to identify available affordable housing options that may not have been available to the client directly. Through participation in the progarm clients receive assistance with the purchase of household necessities including tables, chairs, couches and beds. United community is a community-wide initiative to deploy an innovative shared technology platform to initiate and close referrals across many organizations. It reduces barriers to access for citizens by streamlining navigation across the multitude of services offered by our health, education and human services sectors.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 81% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.7%; rating input score 48
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 45.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 33.5% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 30.5% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 30% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 47.7% of revenue deployed · 87.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $752K in reported program spending
  • Leadership: top reported pay $85K · 15 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.