Msu Student Housing Cooperative Incorporated
Nonprofit profile at a glance
- EIN
- 237106486
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- East Lansing, MI, USA
- Phone
- 5173558313
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $1,810,321
- Expenses
- $1,507,064
- Assets
- $5,731,369
- Liabilities
- $1,973,364
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
52 people listed
Executive titles in this filing
- JAMES L GLEESPEN (PRESIDENT)
- HOLLY JO SPARKS (EXECUTIVE DIRECTOR)
Highest reported compensation
- HOLLY JO SPARKS (EXECUTIVE DIRECTOR): $101,914 total reported compensation
- JAMES L GLEESPEN (PRESIDENT): $13,299 total reported compensation
- TOMAS MIRALLA (CORPORATE TREASURER): $12,250 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 provide high-quality, low-cost, not-for-profit cooperative housing and educational opportunities to very low- to moderate-income people, to promote the concept of cooperative living and to uphold the rochdale principles of cooperation.
What it reported doing in 2024
Cooperative housing - the cooperative provides low cost, not-for-profit cooperative housing for its 280 members.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 90
- Accountability: 78
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.7%; rating input score 67
- Program expense ratio: 79.1%; rating input score 79
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.8; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 10.8%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 7.9% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 66.7% of revenue deployed · 79.1% of spending went to programs
- Governance: 24 of 28 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $102K · 52 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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 — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.