Homer Senior Citizens Incorporated
Nonprofit profile at a glance
- EIN
- 920077789
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Homer, AK, USA
- Phone
- 9072357655
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Residential Care & Adult Day Programs
Reported finances
- Revenue
- $3,859,426
- Expenses
- $3,717,517
- Assets
- $6,377,195
- Liabilities
- $3,165,624
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Colleen James (President)
- Shirlie Gribble (Vice President)
Highest reported compensation
- Sarah Weideman (Executive Dir.): $132,000 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 center's operations include providing congregate and home delivered nutrition services, transportation, recreational activities, referral services and adult day care services to senior citizens.
What it reported doing in 2024
Housing: Bartlett Terrace Independent Living - Provides maintenance and operation of a 9-unit independent living apartment complex located a few blocks from the Homer Senior Center.KBSH Independent Living - Provides for Kachemak Bay Senior Housing which is a 24-unit independent living apartment complex located across the street from the Homer Senior Center.Pioneer Vista Independent Living - Provides for maintenance and operation of a 8-unit independent living apartment complex located adjacent to the Homer Senior Center.Swatzell Terrace Independent Living - Provides maintenance and operation of a 4-unit independent living apartment complex located a few blocks from the Homer Senior Center.The Terrace Assisted Living - Provides for operation of a 40-unit apartment complex serving residents 55 and older who require assistance with two or more daily activities. Depending on the need, residents are helped with laundry, eating, medication monitoring, cleaning, bathing, walking and toileting.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 87
- Accountability: 90
- Sustainability: 49
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 87
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 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: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.72; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -0.6% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -2.1% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 90.8% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $3.4M in reported program spending
- Leadership: top reported pay $132K · 12 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- 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 — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.