Interstate I Affordable Housing Inc
Nonprofit profile at a glance
- EIN
- 522052050
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6463364940
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $121,716
- Expenses
- $95,385
- Assets
- $2,323,537
- Liabilities
- $1,471,181
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JOSEPH P WIEDORFER (BOARD MEMBER / VICE PRESIDENT)
- RICHARD F BURNS (BOARD MEMBER / PRESIDENT)
- CARLOS A GONZALES (VICE PRESIDENT)
- ERIC W PRICE (VICE PRESIDENT)
- STEPHEN M GREEN (VICE PRESIDENT)
Highest reported compensation
- RICHARD F BURNS (BOARD MEMBER / PRESIDENT): $760,054 total reported compensation
- STEPHEN M GREEN (VICE PRESIDENT): $517,569 total reported compensation
- ERIC W PRICE (VICE PRESIDENT): $512,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Interstate i provides aid to low-income families, combats community deterioration, lessens neighborhood tensions, eliminates prejudice and discrimination, and reduces the burden on government through providing housing to low-income families.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for affiliated organizations.
The verdict
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 60
- Accountability: 37
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.7%; rating input score 65
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.6%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 24.36; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.63; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 160%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -17.4% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 141.4% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 64.7% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $760K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: 127 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.