Plano Community Home Phase Iii Inc
Nonprofit profile at a glance
- EIN
- 752394445
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Plano, TX, USA
- Phone
- 9724249800
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $715,923
- Expenses
- $717,668
- Assets
- $1,368,205
- Liabilities
- $149,181
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ROQUE' CHRISTENSEN (EXECUTIVE VICE PRESIDENT)
- RHODA BYERS (EXECUTIVE VICE PRESIDENT)
- LEE ANN HUBANKS (PRESIDENT)
Highest reported compensation
- ROQUE' CHRISTENSEN (EXECUTIVE VICE PRESIDENT): $175,867 total reported compensation
- RHODA BYERS (EXECUTIVE VICE PRESIDENT): $168,426 total reported compensation
- LEE ANN HUBANKS (PRESIDENT): $152,662 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Positively enrich the quality of life for residents in need by providing premier affordable senior, disabled and veteran housing in addition to a continuum of services. Actively inspire and educate community leaders to advocate for housing and the continuum of services needed in the north Texas region.
What it reported doing in 2024
Plano community home phase iii, inc. Is a non-profit corporation organized to provide subsidized housing for the lower income elderly and disabled in plano, Texas. Plano community home phase iii operates a 61-unit housing project for lower income elderly and disabled.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 60
- Accountability: 84
- Sustainability: 46
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.3%; rating input score 74
- Program expense ratio: 74.3%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.2%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -4.2% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 74.3% of revenue deployed · 74.3% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $533K in reported program spending
- Leadership: top reported pay $176K · 10 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 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.
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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.