One Roof Community Housing
Nonprofit profile at a glance
- EIN
- 411678328
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Duluth, MN, USA
- Phone
- 2187275372
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $5,068,402
- Expenses
- $2,878,572
- Assets
- $23,502,390
- Liabilities
- $8,845,966
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JEFF COREY (EXECUTIVE DIRECTOR)
Highest reported compensation
- JEFF COREY (EXECUTIVE DIRECTOR): $155,025 total reported compensation
- VICKIE HARTLEY (SENIOR FINANCE DIRECTOR): $118,356 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
One roof mission statement: enriching lives and communities one home at a time.one roof vision statement: communities where everyone has access to sustainable and affordable housing.enriching lives & communities one home at a time. One roof helps strengthen the foundations of our communities by providing housing services and building and sustaining affordable homes and healthy neighborhoods. We make home a better place by helping lower income people purchase a home or repair their home, by providing housing development services to the community, and by coordinating activity across our neighborhoods in duluth. This work helps one roof fulfill our mission of ensuring access to sustainable and affordable housing for everyone.
What it reported doing in 2024
Multifamily housing development services: one roof develops affordable rental housing opportunities for lower income households in our community and to help individuals experiencing homelessness. Multi-family projects include decker dwellings, a 42-unit apartment building located in duluth heights. Brewery creek apartments opened in fall of 2024, bringing 52 affordable housing units to duluth's central hillside neighborhood. Of the 52 units about half are designated for young adults who have experienced homelessness. Plover place, a new model for housing, opened in late 2024 and provides 24 units of affordable housing to unhoused single people. Birchwood apartments, located in grand marais with 24 units, was acquired in 2024 and remodeling work began in 2024 and will be finished in 2025. Brae view senior apartments was awarded final funding needed in 2023 and construction will start in the fall of 2025. The project will provide 72 units of affordable rental housing, including community space for childcare and office space designated for service providers.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.6%; rating input score 19
- Program expense ratio: 66.4%; rating input score 66
- Fundraising efficiency: $85.38 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Scored; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 43.2%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 8.16; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 17th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 18.6% of revenue deployed · 66.4% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $155K · 15 people listed · 3 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.