Mayville Housing Inc

Nonprofit profile at a glance

EIN
237184038
IRS 990-EZ coverage
2010–2013
Forms available
Form 990-EZ 2013
Location
Mayville, ND, USA
Phone
7017863401
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$130,330
Expenses
$121,617
Assets
$292,939
Liabilities
$88,588

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KATHY OLSON (PRESIDENT)
  • ARLIE STRAND (VICE PRESIDENT)

People named in this filing

  • TIM STRAND (SECRETARY/TREASURER)
  • WILLIAM BRUDVIK (DIRECTOR)
  • BRETT ULRICH (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-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide economically designed and constructed housing suited for independent living of the elderly who live in rural areas.

What it reported doing in 2013

Provided housing suited for independent living of the elderly who live in rural areas.

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. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 82
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 89.1%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 6.7%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 2.41; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 14.1%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 89.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $108K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Sustainability: Operating margin scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.