Incharge Institute of America Inc

Nonprofit profile at a glance

EIN
522196183
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Orlando, FL, USA
Phone
4072917770
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Financial Counseling

Official website

Reported finances

Revenue
$285,987
Expenses
$3,921,194
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ETTA W MONEY (PRESIDENT/CEO UNTIL MAY)
  • LORETTA RONEY (PRESIDENT & CEO AS OF JUNE)

Highest reported compensation

  • ETTA W MONEY (PRESIDENT/CEO UNTIL MAY): $239,213 total reported compensation
  • LORETTA RONEY (PRESIDENT & CEO AS OF JUNE): $233,225 total reported compensation
  • SEIJI SHIRAISHI (DIR. OF ACCOUNTING AND FINANCE): $169,024 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Incharge institute of america provides management support services to affiliated entities and personal financial educational content to consumers on the militarymoney website.

What it reported doing in 2023

Housing counseling and education - ici provides administrative support to ids in the area of housing counseling and education services. Ids is a local u.s. Department of housing and urban development ("hud") approved agency in the state of Florida and a member of the national foundation for credit counseling ("nfcc"), which enables ids to serve consumers on a nationwide basis. Housing counseling services include foreclosure prevention, homebuyer education and pre-purchase homebuyer counseling. Foreclosure prevention is designed to provide existing borrowers with information and assistance needed to avoid foreclosure. Program highlights include budget planning, evaluation of eligibility for loan modification, assessment of ability to sustain home ownership and alternative housing options. Homebuyer education is designed to better prepare potential homeowners for homeownership. Participants examine their housing needs, analyze their financial situation and learn strategies to improve financial management in an effort to better prepare for homeownership. Participants also learn how to shop for a home, obtain a mortgage and prepare for life as a homeowner. Pre-purchase homebuyer counseling, a personal one-on-one session, is offered to provide education and tips to assist potential homebuyers in improving financial management skills and understanding alternative sources of funding and mortgage options.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Affiliate network. The nonprofit sent 73% of its reported program spending through affiliated organizations.

The verdict

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

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 60
  • Accountability: 52
  • Sustainability: 4
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 43.8%; rating input score 44
  • 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: 50%; rating input score 50; 16th 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: -1,271.1%; rating input score 0; 0th 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: 2.8%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -10% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -0.4% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 43.8% of spending went to programs
  • Governance: 1 of 2 board members independent · 5 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $1.7M in reported program spending
  • Leadership: top reported pay $239K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • 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.