Many Mansions
Nonprofit profile at a glance
- EIN
- 953424516
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Thousand Oaks, CA, USA
- Phone
- 8054964948
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $12,718,122
- Expenses
- $11,838,474
- Assets
- $57,515,083
- Liabilities
- $38,542,668
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- RICK SCHROEDER (PRESIDENT)
- DOUG MENGES (EXECUTIVE DIRECTOR)
Highest reported compensation
- RICK SCHROEDER (PRESIDENT): $217,101 total reported compensation
- DOUG MENGES (EXECUTIVE DIRECTOR): $210,423 total reported compensation
- ENRIQUE BROWN (VP OF PROPERTY MANAGEMENT): $164,834 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 promote and provide safe well-managed housing with on-site life enriching services for limited income residents in the conejo valley, ventura county, los angeles county and their surrounding communities.
What it reported doing in 2024
To provide affordable housing and life-enriching services to low, very low and extremely low income individuals and families residing in both ventura county and los angeles county and the surrounding areas. The organization develops (acquisition/rehabilitation and new construction housing properties), manages, and owns (solely and as investments held as partnership interests) twenty seven affordable housing rental complexes consisting of 1,030 units of housing. In addition, services are provided to its residents including homework tutoring, summer camp, school support, case management, job development, and life-skills.
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
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 filed totals do not add up.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.4%; rating input score 79
- Program expense ratio: 84.7%; rating input score 85
- Fundraising efficiency: $5.54 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.9%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 4.86; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 79.4% of revenue deployed · 84.7% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10M in reported program spending
- Leadership: top reported pay $217K · 23 people listed · 2 of 6 pay-setting controls reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 16 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 22/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.