Inglis Housing Corporation

What it reported doing in 2024

Founded in 1877, inglis has been supporting people with disabilities to live the lives they choose, where and how they choose. Inglis is a national leader in providing comprehensive care and services for people living with multiple sclerosis, cerebral palsy, spinal cord injuries and other neurological disorders resulting in some level of paralysis and mobility impairment. From assistive technology, independent living apartments, and other community-based programming, to long-term care inglis meets the needs of the people we serve along the continuum of care. Inglis has three key areas of programmatic focus under the "parent" of inglis foundation, including: inglis community services, a collection of programs that support people with disabilities who choose to live independently in the community; inglis housing corporation, the largest private developer in the philadelphia area of affordable, accessible independent living apartments for people with disabilities; and inglis house, a specialized long-term care facility for adults 18 and older. All of these services are supported by inglis' thought leadership and expertise in assistive technology as well as a commitment to person-centered care. Inglis serves more than 2,800 people directly, and many more indirectly through its website, www.inglis.org, and other outreach activities supporting its mission to "enable people with disabilities and those who care for them to achieve their goals and live life to the fullest."inglis housing corporation (development and management of accessible, affordable housing): for nearly half a century, inglis housing corporation (ihc) has been committed to developing affordable, accessible independent-living apartment communities. Since building its first housing community in 1975 (the morris-klein apartments) on the grounds of inglis's belmont avenue location, ihc, a subsidiary of inglis foundation, has been striving to make housing communities where people with disabilities can have that special feeling of truly being home. Now, ihc is the largest private developer of affordable, accessible housing in the philadelphia region with 13 communities representing 338 actively managed and 88 developed units.these communities are located throughout greater philadelphia and New Jersey and provide accessible housing to people with disabilities, as well as affordable housing for community residents. Ihc also makes available resident services coordination services that link residents of affordable, accessible housing to supportive services and community resources. Ihc has received numerous awards and citations recognizing its communities.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 66.4%; rating input score 66
• 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: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd 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: -274.2%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 6.5; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.93; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 9.6% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 6.6% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: 9.7% per year; rating input score 100; 58th percentile among comparable filings