House of Peace Inc

Nonprofit profile at a glance

EIN
391348841
IRS 990-EZ coverage
2010–2020
Forms available
Form 990-EZ 2020
Location
Platteville, WI, USA
Phone
6083483166
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$133,459
Expenses
$123,790
Assets
$150,933
Liabilities
$111,118

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JUDY GOKE (PRESIDENT)
  • JAMES SCHMIEDER (VICE PRESIDENT)

People named in this filing

  • JUDY GOKE (PRESIDENT)
  • JAMES SCHMIEDER (VICE PRESIDENT)
  • VICKI HIRSCH (SECRETARY/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A federally assisted and regulated (usda rural development) affordable housing complex providing low cost rental units to low income elderly tenants in rural Wisconsin.

What it reported doing in 2020

The organization provides affordable rental housing to low income elderly tenants in platteville, Wisconsin. Tenant rent payments are calculated as a percentage of their total income and are subject to federal guidelines. The 24 unit apartment complex has achieved over 90% occupancy in recent years.

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 99% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 77%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 7.2%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 35.5% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: -9.6% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 77% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $95K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2010 to 2020
  • 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.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.