Licking Senior Citizens Housing Inc

Nonprofit profile at a glance

EIN
431512261
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Licking, MO, USA
Phone
5738898472
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$188,693
Expenses
$167,092
Assets
$436,951
Liabilities
$247,713

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

Leadership & pay

6 people listed

Executive titles in this filing

  • GARY HASSELL (PRESIDENT)

People named in this filing

  • GARY HASSELL (PRESIDENT)
  • MARK RINNE (VICE PRESIDE)
  • MIKE SMITH (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low income housing to the elderly

What it reported doing in 2024

Provided low income housing to the elderly by operating a 60 unit apartment complex property to persons 58 or older. The tenants must meet low income guidelines as required by the usda rural development program.

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. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 82
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.5%; rating input score 89
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

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

Sustainability

  • Operating margin: 11.4%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 2.62; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 88.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $167K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.