Housing Development Corporation of SWFL Inc
Nonprofit profile at a glance
- EIN
- 383695928
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Naples, FL, USA
- Phone
- 2394342397
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $418,775
- Expenses
- $409,419
- Assets
- $171,470
- Liabilities
- $54,141
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MICHAEL J PUCHALLA (CEO/EXECUTIVE DIRECTOR)
- FRANCES RIBOT (PRESIDENT)
- MATT PAUL (VICE PRESIDENT)
Highest reported compensation
- MICHAEL J PUCHALLA (CEO/EXECUTIVE DIRECTOR): $107,500 total reported compensation
- AURORA WELLS (CFO): $22,888 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2023
This program has provided housing assistance, fair housing outreach, homebuyer education, and forclosure counseling to citizens of collier county, Florida
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 96% 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
MIXED - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 53
- Accountability: 23
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.3%; rating input score 79
- Program expense ratio: 81.1%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 0%; rating input score 0; 19th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.2%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -4.1% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -3.5% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 79.3% of revenue deployed · 81.1% of spending went to programs
- Governance: 0 of 5 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $332K in reported program spending
- Leadership: top reported pay $108K · 7 people listed
- Consistency: 26 of 28 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 13 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 16/100.