Monroe County Homeless Continuum of Care Inc
Nonprofit profile at a glance
- EIN
- 461235885
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2012
- Location
- Key West, FL, USA
- Phone
- 3053045943
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $900,790
- Expenses
- $873,194
- Assets
- $460,330
- Liabilities
- $356,926
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- MEGAN BOSI (EXECUTIVE DIRECTOR (AS OF 10/24))
- MARK LENKNER (EXECUTIVE DIRECTOR (THRU 04/24))
Highest reported compensation
- MARK LENKNER (EXECUTIVE DIRECTOR (THRU 04/24)): $35,831 total reported compensation
- KATHLEEN JOHANESSEN (EXECUTIVE DIR. (THRU 05/24 - 09/24)): $25,000 total reported compensation
- MEGAN BOSI (EXECUTIVE DIRECTOR (AS OF 10/24)): $9,375 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 community-wide commitment to the goal of ending homelessness by facilitating the continuum-of-care process in monroe county, Florida.
What it reported doing in 2024
The monroe county coc is the lead agency for the coordination and planning of homeless services in the Florida keys. In addition, the monroe county coc administers the homeless management information system (hmis) for our area and conducts the annual point-in-time survey (pit) of homeless individuals. The monroe county coc organizes the collaboration of local agencies to address the needs of clients and provide essential supportive services. We educate ourselves and the community about the nature and extent of homelessness, including the needs of the people who are living through the experience of homelessness. We advocate for increased community, political and financial support for the homeless population and prevention of homelessness.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 89
- Accountability: 82
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.3%; rating input score 92
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.6%; rating input score 99; 47th 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: 5 of 9 controls in place; rating input score 56
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.1%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 92.3% of revenue deployed · 95.2% of spending went to programs
- Governance: 14 of 14 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $831K in reported program spending
- Leadership: top reported pay $36K · 22 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 5 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.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.