Knoll View Corporation

Nonprofit profile at a glance

EIN
223136966
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Sparta, NJ, USA
Phone
9737294311
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$802
Expenses
$155,317
Assets
$1,285,298
Liabilities
$357,740

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

Leadership & pay

12 people listed

Executive titles in this filing

  • MARIANNE DILWORTH (VICE PRESIDENT)
  • SHERRY DEFEO (PRESIDENT)
  • FRANCESCA MCKERNAN (EXECUTIVE DIRECTOR)

People named in this filing

  • MATT HANNUM (TREASURER)
  • DELORES GRACE (TRUSTEE)
  • JAY DUNN (TRUSTEE)

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

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

Overview

Mission

Development and operation of a 32 unit congregate care facility for elderly residents. The facility is designated for the primary purpose of providing decent, safe, and sanitary dwelling units for senior citizens of low to moderate income in need of housing and related services such as administrative, community, health, recreational, educational, and welfare facilities and/or services for senior citizens.

What it reported doing in 2024

Knoll view corporation provides housing and congregate care services to elderly residents through the operation of a 32 unit congregate care facility. The corporation's facility is located in sparta, nj and operates under section 8 of the national housing act. The corporation is regulated by the New Jersey department of community affairs (njdca) as to rental charges. The corporation is also regulated by the New Jersey housing and mortgage finance agency (njhmfa) as to operating expenses and operating methods.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 26
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100
  • 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: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19,266.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 8.28; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 43rd percentile among comparable filings
  • Revenue growth: -5.1% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: -3.9% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $155K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.