Macsa Housing Corporation Number 2
Nonprofit profile at a glance
- EIN
- 770394270
- IRS 990 coverage
- 2013–2014
- Forms available
- Form 990 2014
- Location
- San Jose, CA, USA
- Phone
- 4089291080
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $420,591
- Expenses
- $506,891
- Assets
- $4,655,010
- Liabilities
- $39,434
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MICHEAL LOPEZ (EXECUTIVE DIRECTOR)
People named in this filing
- SERGIO GUTIERREZ (DIRECTOR)
- BRYANT MAJERNIK (DIRECTOR)
- ROBERT RAYA (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was formed to develop and operate affordable housing development specifically for low-income and elderly persons.
What it reported doing in 2014
The corporation develops and provides low-income housing for the elderly. It operates a 60 unit affordable housing development specifically for low income and elderly persons located in san jose, California.
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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 47
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -20.5%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 9.18; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: -8% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -2.1% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
- Governance: 4 of 4 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $450K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2013 to 2014
- Contacts: How to reach this organization
- 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.
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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.