Marian Housing Center Inc
Nonprofit profile at a glance
- EIN
- 391515867
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Denver, CO, USA
- Phone
- 3038303300
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $477,567
- Expenses
- $467,735
- Assets
- $663,787
- Liabilities
- $1,020,764
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- KASSIDI BOENING (VICE PRESIDENT/DIRECTOR)
- MELISSA CLAYTON (VICE PRESIDENT/DIRECTOR)
- EDGAR FLAGG III (VICE PRESIDENT)
- FATMAH FARRAJ (VICE PRESIDENT)
- MARK ANGELINI (PRESIDENT)
Highest reported compensation
- MELISSA CLAYTON (VICE PRESIDENT/DIRECTOR): $308,489 total reported compensation
- MARK ANGELINI (PRESIDENT): $264,448 total reported compensation
- JOE ROSENBLUM (SECRETARY/DIRECTOR): $242,964 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Marian housing center inc. (the "corporation") was organized on may 10, 1985, as a Wisconsin non-stock, nonprofit organization for the purpose of constructing and operating a rental housing project under section 236 of the national housing act. Such projects are regulated by hud as to rent charges and operating methods. The project consists of 40-unit apartment community known as marian housing center (the "property") located in racine, Wisconsin.
Operating model
- Revenue model
- Grant-funded. 64% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 65
- Accountability: 32
- Sustainability: 37
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.7%; rating input score 95
- Program expense ratio: 96.7%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 2.1%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 1.54; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 29.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 94.7% of revenue deployed · 96.7% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $452K in reported program spending
- Leadership: top reported pay $308K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 497 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.