Porter Avenue Housing Development C/o the Doe Fund Inc

Nonprofit profile at a glance

EIN
134178045
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2126285207
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$1,488,234
Expenses
$1,474,444
Assets
$8,592,309
Liabilities
$15,619,236

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

Leadership & pay

14 people listed

Executive titles in this filing

  • JENNIFER MITCHELL (PRESIDENT/CEO, BOARD DIRECTOR)
  • HARRIET MCDONALD (DIR. TO 10/24,FMR PRES/CEO TO 10/22)

Highest reported compensation

  • HARRIET MCDONALD (DIR. TO 10/24,FMR PRES/CEO TO 10/22): $1,021,700 total reported compensation
  • JENNIFER MITCHELL (PRESIDENT/CEO, BOARD DIRECTOR): $402,176 total reported compensation
  • JOHN P MCDONALD (BOARD DIRECTOR): $382,619 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To acquire, rehabilitate and operate an abandoned building located at 89-111 porter avenue in brooklyn, New York for use as a transitional residence for formerly homeless men of low income. The residence includes a variation of the doe fund's ready, willing and able program model. This includes paid work and training, substance abuse and relapse prevention, case management, life skills, literacy, ged classes and employment placement assistance.

What it reported doing in 2024

The peter jay sharp center for opportunity is a state-of-the-art, 400-bed transitional residence at 89 porter avenue in bushwick, brooklyn. Developed and overseen by the nonprofit the doe fund, it is a working community operated by and for people who have experienced homelessness or who have returned from incarceration. As a home of the doe fund's ready, willing & able program, the center provides paid work, housing, and support services to its residents. This "three-legged stool" model has helped thousands of people successfully transition out of homelessness, and multiple studies have shown it reduces the chance of recidivating by 62%. The center both builds community for individuals experiencing homelessness and provides crucial resources unique to their diverse needs, from case management to career training, addiction recovery, and adult basic education.in addition, the center is one of three assessment and referral locations for the department of homeless services. In this capacity, it provides short-term housing for individuals until they are assigned to a facility and/or program by dhs. The center also offers beds to individuals outside of ready, willing & able who are working or looking for work, but do not have a place to live.

Operating model

Revenue model
Grant-funded. 100% 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.

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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 65
  • Accountability: 81
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.1%; rating input score 99
  • Program expense ratio: 100%; rating input score 100
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 0.9%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 5.83; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 1.82; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: -23.3% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -18.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -6.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 99.1% of revenue deployed · 100% of spending went to programs
  • Governance: 10 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $1M · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 61 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.