Logan Heights Community Development Corp

Nonprofit profile at a glance

EIN
330677938
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
San Diego, CA, USA
Phone
6198580563
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$2,380,809
Expenses
$10,656,560
Assets
$9,402,385
Liabilities
$12,800,887

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

Leadership & pay

14 people listed

Executive titles in this filing

  • MONTE A JONES (CEO)

Highest reported compensation

  • MONTE A JONES (CEO): $193,563 total reported compensation
  • EBONY B JAMES (MANAGER): $155,163 total reported compensation
  • MARJORIE D KELLY (MANAGER): $135,272 total reported compensation

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

Overview

Mission

Our mission is strengthening residents and businesses in greater logan heights neighborhoods through community empowerment, education, economic growth, and housing development.

What it reported doing in 2024

Economic developmentmotto: moving forward togetherwe want to make things better in logan heights, and we're doing it through the career financial advancement center (cfac) and small business, which together form the economic development department. Economic development exists to help people, families, and businesses in the greater logan heights (glh) community.in our pursuit of enhancing the well-being of the logan heights community, the cfac and small buiness initiatives play crucial roles within our economic development department. The primary goal of these programs is to empower individuals, families, and businesses in the glh community.the cfac serves as a catalyst for personal and professional growth. Through comprehensive programs and resources, cfac aims to equip individuals with the necessary skills and knowledge to advance in their careers. This includes offering educational opportunities, skill development workshops, and mentorship programs to foster long-term success and financial stability.in parallel, our small business initiative within the economic development department is dedicated to fosteting entrepreneurship and supporting local businesses. We believe in the potenital of small businesses to drive economic growth and create a vibrant local economy. Through tailored assistance, including access to funding, business development resources, and mentorship, we strive to nurture the growth of small enterprises in logan heights.together, the cfac and small business programs form a cohesive approach to address the diverse needs of our community. By focusing on both individual and business development, we aim to create a sustainable and thriving environment in glh. Through these initiatives, we envision a community where everyone has the opportunity to succeed, families can thrive, and local businesses contribute to the overall prosperity of logan heigths.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 50
  • Accountability: 90
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $9.21 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0.2%; rating input score 0; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -347.6%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 1.36; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 36.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 19.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 30.8% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $9M in reported program spending
  • Leadership: top reported pay $194K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 57/100.