Jubilee Housing Inc

Nonprofit profile at a glance

EIN
520986261
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2022991240
Rating
77
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$19,093,136
Expenses
$17,063,900
Assets
$124,846,969
Liabilities
$85,737,479

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • JAMES D KNIGHT (PRESIDENT & CEO)
  • JILIAN JOHNSON (VICE PRESIDENT OF HUMAN RE)

Highest reported compensation

  • KENNETH BURTON JR (CFO): $188,745 total reported compensation
  • JAMES D KNIGHT (PRESIDENT & CEO): $144,908 total reported compensation
  • DAVID JEFFERSON (CHIEF OPERATING OFFICER): $137,805 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Jubilee housing's mission is to build diverse, compassionate communities that create opportunities for everyone to thrive. We create justice through our justice housing model, which consists of deeply affordable homes with onsite and nearby services in resource-rich communities. We advance our mission through four primary areas: real estate development, property management, financing, and comprehensive programs for children, families, seniors, returning citizens, and others in our buildings and the surrounding community. Our programs focus on providing housing and resource stability, financial security, community, and health and wellness. We envision a city and a world where access to basic resources and opportunities are available to all people and where people live out these opportunities in the context of a supportive community to become their best selves.

What it reported doing in 2024

Supported residents with family and youth services (virtual and in person): in 2024 jubilee housing provided comprehensive services through three major programs: resident services, youth services, and reentry transitional housing to citizens returning from incarceration. Resident services supported 622 unique individuals with regular programs can case management. Youth services provided 100 children/youth between ages -21 with daily after school services for academic and and social support. The reentry transitional housing program provided transitional housing and case management to 36 incarcerated individuals.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 73
  • Accountability: 91
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.1%; rating input score 73
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: $12.94 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 10.6%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 7.32; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 15.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 13.6% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 73.1% of revenue deployed · 78.8% of spending went to programs
  • Governance: 21 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $13.4M in reported program spending
  • Leadership: top reported pay $189K · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 30 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: Fundraising efficiency scored 46/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.