Idaho Partners for Home Buyer Education Inc

Nonprofit profile at a glance

EIN
820511087
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Boise, ID, USA
Phone
2083314847
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$203,929
Expenses
$404,465
Assets
$0
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • GERALD HUNTER (PRESIDENT)
  • SUSAN SEMBA (VICE PRESIDENT)

Highest reported compensation

  • GERALD HUNTER (PRESIDENT): $307,176 total reported compensation
  • SUSAN SEMBA (VICE PRESIDENT): $143,680 total reported compensation
  • HEATHER BOWMAN (SECRETARY/TREASURER): $29,476 total reported compensation

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

Overview

Mission

To provide homebuyer education throughout the state of Idaho to a diversified market of low and moderate income prospective homebuyers in both the urban and rural areas including Idaho's minority populations.

What it reported doing in 2014

One-on-one counseling - iphbe, inc. Was the sub grantee/administrator of 3 major housing counseling grants during 2014. One was the hud housing counseling grant which funded homebuyer education and the following types of counseling: rental, default, post-purchase, pre-purchase, reverse mortgage, and homeless prevention. Additionally, iphbe, inc. Was the administrator for rounds 6 and 7 and 8 of a grant from neighbor works america through the national foreclosure mitigation counseling program. These funds were strictly to be used for foreclosure mitigation counseling. To conduct all of this one-on-one counseling the organization partnered with non-profit entities across the state and provided funding to them as sub-grantees/affiliates for the grants. The third grant which iphbe, inc. Administrated during calendar year 2014 was the making homes affordable grant through neighbor works america. This funding was for foreclosure mitigation counseling which was specific to the making homes affordable program.

Operating model

Revenue model
Grant-funded. 62% of the money available for current operations came from government grants.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 65
  • Accountability: 56
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 67.8%; rating input score 68
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 20th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -98.3%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 9.9%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -15.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 67.8% of spending went to programs
  • Governance: 4 of 5 board members independent · 2 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $274K in reported program spending
  • Leadership: top reported pay $307K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 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.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.