HPH Real Estate Inc FKA Hospice Holdings Inc

Nonprofit profile at a glance

EIN
593467283
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Temple Terrace, FL, USA
Phone
8138718111
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Hospices

Official website

Reported finances

Revenue
$5,712,423
Expenses
$365,759
Assets
$21,721,974
Liabilities
$12,669,522

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

5 people listed

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

THE ORGANIZATION OWNS & MAINTAINS REAL PROPERTY FOR THE BENEFIT OF HERNANDO-PASCO HOSPICE, INC., A RELATED 501(C)(3) ORGANIZATION. HERNANDO-PASCO HOSPICE, INC. provides a full program of medical and supporting services to hernando, pasco and citrus counties.

What it reported doing in 2014

The organization owns and maintains real property for the benefit of hernando-pasco hospice, inc. A related 501(c)(3) organization.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 31
  • Transparency & Controls: 66
  • Accountability: 58
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.4%; rating input score 5
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 93.6%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 59.39; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 22.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -108.8% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 41.7% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 5.4% of revenue deployed · 84.7% of spending went to programs
  • Governance: 3 of 5 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $314K · 5 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Related organizations: 2 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 — Financial Efficiency: Mission deployment rate scored 5/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.