Living Room Inc

Nonprofit profile at a glance

EIN
311616463
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Atlanta, GA, USA
Phone
4046008081
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$2,331,963
Expenses
$2,371,291
Assets
$645,209
Liabilities
$207,617

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • CHARLES BOWEN (Executive Dir.): $79,140 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Living Room serves individuals and families living with HIV/AIDS in metro Atlanta by providing subsidized supportive housing, housing referrals and housing-related emergency assistance. Our goal is to help our clients access and maintain permanent, affordable housing.

What it reported doing in 2015

Living Rooms mission is to ensure people living with HIV/AIDS in Georgia obtain and maintain long term stable housing, while continuing to play a vital role in the lives of homeless and marginally housed people living with HIV/AIDS. Through our three Tenant Based Rental Assistance (TBRA) Programs, the agency provided ongoing housing and utility subsidy for 208 households in 25% of the counties of the state of Georgia. Of these, 187 households received support in the 28-county metro Atlanta region, while 21 households received support in the 11-county northwest Georgia region. The agencys Intake Program conducted over 1,500 intake appointments, to provide short term mortgage or utility assistance to 198 households; permanent housing placement (first months rent assistance) to 117 households, and emergency lodging / recuperative care to 209 households. Living Room remains one of the few programs that provides emergency lodging to medically fragile homeless people living with HIV/AIDS, as well as providing culturally competent housing services for people who have a substance abuse issue, mental illness, or are transgender through the Special Needs Housing Assistance TBRA Program.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

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

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.1%; rating input score 88
  • Program expense ratio: 86.7%; rating input score 87
  • Fundraising efficiency: $17.76 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -1.7%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 88.1% of revenue deployed · 86.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $79K · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2011 to 2015
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.