Newark Renaissance House Foundation Inc
Nonprofit profile at a glance
- EIN
- 020537332
- IRS 990 coverage
- 2011–2018
- Forms available
- Form 990 2018
- Location
- Newark, NJ, USA
- Phone
- 9736233386
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $506,793
- Expenses
- $746,513
- Assets
- $2,565,508
- Liabilities
- $3,033,220
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Julie C Griffin (President/ CEO)
People named in this filing
- Julie C Griffin (President/ CEO)
- Richard White Esq (Chairperson)
- Michael Gilfillian (Vice Chairperson)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Newark Renaissance House Foundation, Inc. NRHFis a private not for profit organization which raises funds to support the activities of Newark Renaissance House a not for profit organization.It also owns and operate facilities for the sole benefit of Newark Renaissance House, Inc., a 501C 3 organization.
What it reported doing in 2018
To support program services of NRH Inc.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 90
- Accountability: 93
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.9%; rating input score 79
- Program expense ratio: 53.6%; rating input score 54
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: 87.5%; rating input score 88; 19th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -47.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 3.44; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 1.18; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: -6.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 78.9% of revenue deployed · 53.6% of spending went to programs
- Governance: 7 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $600K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 5 filed schedules
- Filing history: 8 filing years from 2011 to 2018
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.