Housing Sewanee Inc

Nonprofit profile at a glance

EIN
912080565
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2016, Form 990-N 2017
Location
Sewanee, TN, USA
Phone
9319681127
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$-47,128
Expenses
$9,812
Assets
$521,275
Liabilities
$300

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

Leadership & pay

11 people listed

Executive titles in this filing

  • BRUCE BAIRD (PRESIDENT)
  • JAY FISHER (VICE PRESIDENT)

People named in this filing

  • DIXON MYERS (DIRECTOR)
  • ALEC MOSLEY (DIRECTOR)
  • JULIE POWELL (DIRECTOR)

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

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

Overview

Mission

See attached statement

What it reported doing in 2024

Housing sewanee inc had a productive 2024-2025 year, moving a client into the third home (h3) completed in the sherwood spring housing development and constructing the first home (h4) in the second section of the neighborhood. The infrastructure (driveway, water, electricity) was installed for two future homes (h5, h6). The majority of the work has been done with volunteer labor. Because of rising construction costs and low wages on the plateau the housing sewanee board decided that all three energy efficient homes (h4,5,6) on the second drive will be less than one thousand square feet in size so our clients monthly payments will be affordable. The home currently being constructed is 690 square feet and has two bedrooms and one bath.

Operating model

Revenue model
Donor-supported. 87% 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

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 18
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 47
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8%; rating input score 8
  • Program expense ratio: 40.1%; rating input score 40
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -120.8%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 53.13; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -70.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -8.7% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: 21.3% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 8% of revenue deployed · 40.1% of spending went to programs
  • Governance: 11 of 11 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 8/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 40/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.