Midlands Housing Alliance Inc

Nonprofit profile at a glance

EIN
203524141
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Columbia, SC, USA
Phone
8037917472
Rating
93
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$4,685,795
Expenses
$5,162,608
Assets
$15,042,685
Liabilities
$4,330,448

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

Leadership & pay

26 people listed

Executive titles in this filing

  • CRAIG J CURREY (CEO)

Highest reported compensation

  • CRAIG J CURREY (CEO): $128,800 total reported compensation

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

Overview

Mission

The midlands housing alliance (mha) mission is "engaging and equipping homeless adults for the midlands to transition into stability and permanent housing."

What it reported doing in 2024

During its fourteen years of operation, Transitions successfully moved 4,107 clients to permanent housing with 13,698 positive outcomes off the streets. In the organization's fourteenth year of operation, Transitions helped 3,527 unique clients in its various programs and services. The organization served 173,238 healthy meals and moved 322 clients into safe, permanent housing of their own while facilitating positive outcomes for 724 individuals. Furthermore, Transitions housed 74 veterans permanently. The approach of Transitions is to meet people where they are and reduce barriers to housing and services. The program offers a wide range of temporary housing and services. The Day Center, specialized beds, emergency beds, and program beds are key to outreach and services. It also performs outreach to help even more clients in the community. In addition, Monarch Manor opened in December with 11 studio apartments for individuals 62 and over.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
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. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.3%; rating input score 99
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: $18.09 raised per $1 spent on fundraising; rating input score 56; 56th 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: 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: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.2%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 2.91; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 99.3% of revenue deployed · 90.1% of spending went to programs
  • Governance: 25 of 25 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.7M in reported program spending
  • Leadership: top reported pay $129K · 26 people listed
  • Highest-paid contractors: 1 contractor listed · $108K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 13/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.