Housing in Omaha Inc
Nonprofit profile at a glance
- EIN
- 470619339
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Omaha, NE, USA
- Phone
- 4024446900
- Rating confidence
- Limited
Reported finances
- Revenue
- $6,222
- Expenses
- $70,013
- Assets
- $6,873,751
- Liabilities
- $451,171
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- BALK JOANIE (CEO)
- VELAND TONY (PRESIDENT)
- ENGLE TODD (VICE PRESIDENT)
Highest reported compensation
- BALK JOANIE (CEO): $237,234 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide affordable housing to low-income persons.
What it reported doing in 2024
Provide safe, sanitary, and affordable housing to qualifying family residents and to expand the unit base available for such purposes per hud.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 60
- Accountability: 64
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 21st 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: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1,025.2%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 98.18; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 46.1%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 16.3% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 4 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $70K in reported program spending
- Leadership: top reported pay $237K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 57/100.
- High — Sustainability: Operating margin scored 5/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.