Northend Properties Inc
Nonprofit profile at a glance
- EIN
- 821547582
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Lafayette, IN, USA
- Phone
- 7654481986
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
- Affiliation
- Christianity
Reported finances
- Revenue
- $13,466,277
- Expenses
- $4,121,041
- Assets
- $10,635,000
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ROSS REEDER (PRESIDENT)
Highest reported compensation
- MATT WESTHUIS (CFO/VICE PRE): $160,154 total reported compensation
- SCOTT GRASS (SECRETARY/TR): $131,250 total reported compensation
- ALFONSO GOMEZ (DIRECTOR): $101,790 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is a supporting organization of faith church of lafayette, inc; is organized and will be operated at all times exclusively for the benefit of faith church of lafayette, inc., and will distribute any income it receives, less any required payments for debt service, reserves, and expenses to faith church of lafayette, inc. The corporation also cooperates with faith community development corporation and governments to revitalize distressed neighborhoods, encourage growth, economic development, community development and stability in the greater lafayette, Indiana area, and to stabilize and enhance and serve low and moderate-income neighborhoods there.
What it reported doing in 2024
The corporation cooperates with faith community development corporation and governments to revitalize distressed neighborhoods, encourage growth, economic development, community development and stability in the greater lafayette, Indiana area, and to stabilize and enhance and serve low and moderate-income neighborhoods there.
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 91% 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 68
- Accountability: 77
- Sustainability: 83
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.6%; rating input score 31
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: Fail
Sustainability
- Operating margin: 69.4%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 2.58; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 37.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 48.7% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -2.2% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 30.6% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.1M in reported program spending
- Leadership: top reported pay $160K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 16 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.