Lancaster Redevelopment Fund

Nonprofit profile at a glance

EIN
811823893
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Lancaster, PA, USA
Phone
7173940793
Rating
42
Verdict
MIXED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$1,587,472
Expenses
$319,804
Assets
$5,379,560
Liabilities
$3,109,095

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Edward Fisher (Board President)
  • James Williams (Board Vice President)

People named in this filing

  • Edward Fisher (Board President)
  • James Williams (Board Vice President)
  • Beth Dreyer-DeGoede (Board Secretary)

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

Affordable housing solutions for low-and-moderate income residents of Lancaster County

What it reported doing in 2024

Grant for Clay Street Shelter rehab

Operating model

Revenue model
Grant-funded. 63% of the money available for current operations came from government grants.
Distribution model
Multi-channel. The nonprofit split its reported program spending across 20% for direct work, 35% for grants, and 45% for affiliated organizations.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 60
  • Accountability: 18
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.6%; rating input score 17
  • Program expense ratio: 72%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 13th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • 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: Fail
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 79.9%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 16.82; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 122% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 131.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 16.6% of revenue deployed · 72% of spending went to programs
  • Governance: 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 6 people listed
  • Highest-paid contractors: 1 contractor listed · $2M reported
  • Consistency: 44 of 45 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 1 filing year from 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 17/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.