Hookston Senior Homes Inc

Nonprofit profile at a glance

EIN
943312528
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Berkeley, CA, USA
Phone
5106470700
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$35,777,864
Expenses
$16,025,499
Assets
$35,585,035
Liabilities
$137,742

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

Leadership & pay

5 people listed

Executive titles in this filing

  • MIKE JACOB (PRESIDENT)
  • SUSAN FRIEDLAND (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SUSAN FRIEDLAND (CHIEF EXECUTIVE OFFICER): $385,727 total reported compensation
  • JOSE SANCHEZ (VP OF FINANCE): $245,520 total reported compensation

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

Overview

Mission

(1) to provide housing for low income persons, where no adequate housing exists for such groups; and (2) to serve as a general partner in a limited partnership which owns and operates housing for the benefit of low income persons who are in need of affordable, decent, safe and sanitary housing and related services, where no adequate housing exists for such groups; and (3) to support the purposes of satellite affordable housing associates, a California nonprofit public benefit corporation.

What it reported doing in 2024

The corporation serves as a limited partner in fourteen limited partnerships which provide 354 units of low-income housing in berkeley, ca, 298 units of low-income housing in oakland, ca, 51 units of low-income housing in fremont, ca, 17 units of low-income housing in walnut creek, ca, and 45 units of low-income housing in sebastopol, ca. The corporation also serves as a limited partner in nine limited partnerships which are currently developing low-income housing projects in the California bay area.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
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 - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.8%; rating input score 45
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 66th 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: 55.2%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 2.22; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 18.1% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 32.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 40.4% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 44.8% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $16M in reported program spending
  • Leadership: top reported pay $386K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 34 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.