Housing Works 454 Lexington Avenue
Nonprofit profile at a glance
- EIN
- 200799665
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 3474737400
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $0
- Expenses
- $165,596
- Assets
- $1,359,002
- Liabilities
- $3,150,838
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- CHARLES KING (CHAIR/CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- CHARLES KING (CHAIR/CHIEF EXECUTIVE OFFICER): $566,893 total reported compensation
- ANDREW COAMEY (SECRETARY): $297,717 total reported compensation
- JOLANTA ILCZUK (CHIEF FINANCIAL OFFICER (THRU 7/24)): $274,536 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Housing works' housing programs do more than put roofs over our clients' heads; they are an essential foundation for our clients to achieve mental health, physical health, and political empowerment as people living with HIV/AIDS. All housing works clients who live in our housing are linked to our comprehensive services, which include primary care, job training, nutritional counseling and meals, drug treatment, and HIV prevention education.
What it reported doing in 2024
Housing works lexington operates the women's transitional housing program (wthp) which provides 20 units of congregate transitional housing in bedford-stuyvesant, brooklyn, for single women living with HIV/AIDS who are released from the correctional system. Thewthp works with correctional facilities to place women in the lexington apartments within 24 hours of release. In addition to housing, the women receive meals, counseling, and other critical services through housing works' nearby adult day health care centers in downtown brooklyn, east New York, the east village, and the west village.
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: 58
- Transparency & Controls: 60
- Accountability: 52
- Sustainability: 18
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 78.2%; rating input score 78
- 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: 33.3%; rating input score 33; 19th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 8.21; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 2.32; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 60.6%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -19.7% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: -27.3% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: -5% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 78.2% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $567K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 27 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.