North Platte Odd Fellows Housing Corporation

Nonprofit profile at a glance

EIN
470530815
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Omaha, NE, USA
Phone
4023337373
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,227,489
Expenses
$1,095,655
Assets
$3,769,970
Liabilities
$3,956,934

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

Leadership & pay

5 people listed

Executive titles in this filing

  • LORI VINTON (PRESIDENT)
  • JIM CONNERS (VICE PRESIDENT)

People named in this filing

  • LORI VINTON (PRESIDENT)
  • ROGER EGGELSTON (SECRETARY/TREASURER)
  • JIM CONNERS (VICE PRESIDENT)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

North platte odd fellows housing corporation (the "corporation") is a not-for-profit corporation that was formed in 1966 under the not-for-profit statutes of the state of Nebraska. The corporation was formed for the purpose of constructing, owning and operating a 111-unit community known as buffalo bill manor (the "community") located in north platte, Nebraska.the corporation entered into a regulatory agreement dated may 31, 2019, with hud which contains, among other things, restrictions on transferring any of the community's property, assigning the rights to manage or receive rents and profits of the community or assuming additional indebtedness. Pursuant to the regulatory agreement, the community must maintain all its units as affordable to low-income elderly persons. The community receives housing assistance payments ("hap contract") for 110 of its 111 units under terms of a contract with hud. The community is obligated to recertify resident eligibility on an annual basis.

What it reported doing in 2024

North platte odd fellows housing corporation (the "corporation") was formed for the purpose of constructing, owning and operating a 111-unit community known as buffalo bill manor (the "community") located in north platte, Nebraska.the corporation entered into a regulatory agreement dated may 31, 2019, with hud which contains, among other things, restrictions on transferring any of the community's property, assigning the rights to manage or receive rents and profits of the community or assuming additional indebtedness. Pursuant to the regulatory agreement, the community must maintain all its units as affordable to low-income elderly persons. The community receives housing assistance payments ("hap contract") for 110 of its 111 units under terms of a contract with hud. The community is obligated to recertify resident eligibility on an annual basis.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 78
  • Program expense ratio: 86.7%; rating input score 87
  • 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: 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 10.7%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 3.44; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 1.05; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 9.2% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 18.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 86.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $950K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.