Magnificat Houses Inc

Nonprofit profile at a glance

EIN
237003471
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Houston, TX, USA
Phone
7135294231
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Mental Health Treatment

Official website

Reported finances

Revenue
$6,329,983
Expenses
$4,384,479
Assets
$9,850,135
Liabilities
$3,999,162

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

Leadership & pay

21 people listed

Executive titles in this filing

  • Meredith Vaughn (Executive Director (to 10/21/24))

Highest reported compensation

  • Meredith Vaughn (Executive Director (to 10/21/24)): $85,505 total reported compensation
  • Maureen Sanders (Interim Executive Dir. (from 1/1/25)): $73,897 total reported compensation
  • Michael Sisolak (Director of Finance (to 9/6/24)): $68,639 total reported compensation

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

Overview

Mission

Magnificat Houses, Inc. offers a welcoming community where those needing housing, food and mental health programs can grow in stability, productivity and independence.

What it reported doing in 2024

Magnificat Houses, Inc. works to rebuild lives in a stable family atmosphere where residents live, work and play together. Altogether, our 14 safe, dignified neighborhood homes house up to 105 men and women. Through participation in our community and our programs, residents work toward stability and, if possible, full independence. The Organization provides emergency residences for 1 to 90 nights, permanent supportive homes and single occupancy units. Residents share household chores and responsibilities, respect one another's traditions, celebrate holidays and birthdays together, and participate in day trips.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
  • 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.7%; rating input score 84
  • Program expense ratio: 74.9%; rating input score 75
  • Fundraising efficiency: $6.73 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

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: 100%; rating input score 100; 72nd 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 30.7%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 2.25; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 6.4% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 83.7% of revenue deployed · 74.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $86K · 21 people listed
  • Highest-paid contractors: 1 contractor listed · $436K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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 — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.