Lower Cape Cod Community Develop- Ment Corporation
Nonprofit profile at a glance
- EIN
- 223191450
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Orleans, MA, USA
- Phone
- 5082407873
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,869,065
- Expenses
- $3,572,561
- Assets
- $10,979,846
- Liabilities
- $7,649,655
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JAY COBURN (CEO)
Highest reported compensation
- JAY COBURN (CEO): $184,904 total reported compensation
- KATHLEEN BOYCE (CFAO): $151,073 total reported compensation
- LAURA B CANNATA (OFFICER): $118,384 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To nurture a vibrant lower cape region by promoting environmental and economic sustainability, expanding opportunities for low-and moderate- income residents, and preserving our unique cultural and historic character.
What it reported doing in 2024
Housing rental programs - manages 72 affordable rental homes across lower cape cod, including studios to 3 bedrooms, stand-alones to multi-family providing housing for 140 people. Additionally, the program manages 28 units of market rate (not affordable units) studios to three bedroom. Providing housing for 54 people.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 65
- Accountability: 90
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.6%; rating input score 69
- Program expense ratio: 73.8%; rating input score 74
- Fundraising efficiency: $8.47 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- 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: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.7%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 3.07; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 18.4%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 68.6% of revenue deployed · 73.8% of spending went to programs
- Governance: 14 of 14 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.6M in reported program spending
- Leadership: top reported pay $185K · 19 people listed · 0 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 14/100.