Janet Johnston Housenick And William D Housenick Memorial Foundation

Nonprofit profile at a glance

EIN
141986170
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Bethlehem, PA, USA
Phone
6106913320
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$81,926
Expenses
$24,830
Assets
$1,916,288
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Highest reported compensation

  • Timothy J Brady (VP & Treasurer): $4,500 total reported compensation
  • William Leeson (Chairman): $4,500 total reported compensation
  • John M Morganelli (VP & Secretary): $4,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation exists to make grants to bethlehem township in the county of northampton to promote, protect, preserve, conserve, maintain and enhance the janet johnston housenick and william d. Housenick memorial park situated in bethlehem township, northampton county, Pennsylvania (the "memorial park") and the park land previously gifted by janet j. Housenick and william d. Housenick during their lifetimes to the county of northampton, commonwealth of Pennsylvania for use as a public park (which is referred to as the "county park"). An additional purpose of the foundation is to encourage the integration of the memorial park and the county park in order to enhance the beauty of the parks for the public's enjoyment of them. Under the will, the foundation's principal and income may also be extended for grants to organizations that "qualify as exempt" under sections 170(c), 2055(a) and 2522(a) of the internal revenue code of 1986, as amended, for the purposes of promoting, protecting, pre

What it reported doing in 2025

The foundation and township finalized an agreement in 2018 for the foundation's pledge of $1.30 millon to fund the mansion exterior renovation project, payable over ten years. A substaintial part of the exterior renovation was completed in 2018. The full scope of exterior work was completed in 2019. In 2019-2020 the foundation and the township proceeded with sharing the expense to hire an architect to develop a plan for interior mansion renovations, the cost projections and potential public uses for the facilities. The architect's report was delivered in december 2020. The foundation paid its annual pledge installment of $130,000 plus its half share of the architect's invoice in the amount of $24,750 to the township on december 28, 2020. The foundation and township have engaged discussions of a schedule to commence the interior work.

Operating model

Revenue model
Investment-supported. 93% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 80
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 69.7%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 77.18; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 54.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: -0.3% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $4K · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.