My Sister's Place Inc

What it reported doing in 2024

In fy25, msp continued to administer two innovative transitional housing programs, rise (reaching independence through survivor empowerment) and rise plus, offering intensive case management, housing navigation, workforce development, and financial empowerment support to domestic violence survivors and their families. Rise provides 12 months of rental subsidy with assistance to help survivors rebuild credit, secure employment, and obtain permanent leases in their own names. Rise plus builds on the rise model, providing an additional 24 months of support. In the first year, rent is fully subsidized by msp, but in the second year, participants transition to a rapid rehousing model to prepare them to independently pay rent when they transition out of the program. In fy2025, msp's rise program served 177 survivors (head of household + dependents) and rise plus served 124 survivors (head of household + dependents) in fy25, msp served 616 survivors and provided 8,277 case management sessions across all programs. Highlights included msp's housing navigator achieving certification as a national standards for the physical inspection of real estate (nspire) inspector and clients moving into rental units within 1-2 weeks of application approval, which is much quicker than the dc rapid rehousing average of 15-30 days. Additionally, rise trust, msp's signature cash transfer initiative, launched its second cohort, providing 30 families with 500/month in cash assistance paired with financial education. A study of the first cohort conducted with the urban institute found that 31% of participants reduced their debt, 24% exited entirely debt-free, participant anxiety decreased from 58% to 37.5%, and children's access to healthcare rose from 68% to 87% over one year.

Financial Efficiency

• Mission deployment rate: 89%; rating input score 89
• Program expense ratio: 89.5%; rating input score 90
• Fundraising efficiency: $28.7 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• 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: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 1.18; rating input score 43; 43rd percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 11.3%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: 16.2% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 13.5% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 8.9% per year; rating input score 100; 54th percentile among comparable filings