Key Light Homes Inc

Nonprofit profile at a glance

EIN
592933348
IRS 990-EZ coverage
2009–2024
Forms available
Form 990-EZ 2024
Location
Lecanto, FL, USA
Phone
3527955541
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$126,288
Expenses
$135,318
Assets
$164,891
Liabilities
$204,813

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

Leadership & pay

1 person listed

People named in this filing

  • MELISSA WALKER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Housing to developmentally disabled, mentally retarded adults

What it reported doing in 2024

The organization provides care and housing to low income, developmentally disabled, mentally retarded adults.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 87%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -7.2%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 1.24; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: -5.8% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 87% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $118K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 19/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.