My Own Home Legacy Project

Nonprofit profile at a glance

EIN
372030417
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Saint Louis, MO, USA
Phone
3145412746
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$400
Expenses
$27,397
Assets
$388,206
Liabilities
$338,273

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

Leadership & pay

4 people listed

People named in this filing

  • CHARLES RILEY (DIRECTOR)
  • TINA RILEY (DIRECTOR)
  • PEGGY BAINE (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Creating family and neighborhood financial stability by acquiring foreclosed, condemned, troubled, and or neglected properties to repair and rebuild homes and sell them to give families a chance at financial stabitity through

What it reported doing in 2024

Find deeply discounted properties which can be bought cheaply, renovated, and resold at a market rate to familieswho are seeking to break the chains of persistent rental property. My own home legacy project assists the market rate by taking backa second deed of trust of up to 10% (which is forgiven after 5 yrs) and finding lending institutions who will utilize this effort to get families into these homes at a rate far less than their current rental rates.

Operating model

Revenue model
Other-operating. 100% 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

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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -6,749.3%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 14.17; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 119.8% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -148.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $27K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.