Lynchburg Neighborhood Development Foundation

Nonprofit profile at a glance

EIN
541680631
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Appomattox, VA, USA
Phone
8043078218
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$202,144
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • STUART TURILLE (VICE PRESIDENT)
  • WMTRACEY SHAW (PRESIDENT)

Highest reported compensation

  • CINDY SOMMERS (SECRETARY): $3,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To further the development of affordable housing and the transformation of neighborhoods through collaboration and community development.

What it reported doing in 2020

Develop and renovate buildings in the area to increase homeowership opportunities, assist low-income residents in securing safe and affordable housing, and support the revitalization of distressed neighborhoods through community development and mixed-use projects. Attract and administer reduced mortgage funds and other housing resources throughout the area in order to increase homeownership opportunities for low income individuals.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Accountability: 84
  • Sustainability: 3
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.5%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: -13.4% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $202K in reported program spending
  • Leadership: top reported pay $3K · 8 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 10 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 6 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.

Key Signals

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

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • High — Growth: Asset growth scored 0/100.