Properties for Children

What it reported doing in 2024

Properties for children (pfc) is the dedicated property-holding and property-management entity within the children's hope alliance (cha) family of nonprofit organizations. As a type ii supporting organization under 509(a)(3), pfc holds, maintains, and manages the real property and physical facilities used by the consolidated organization to deliver direct services to over 7,500 children and families annually across 63 nc counties. Strategic asset optimization: pfc is executing a board-directed, multi-year initiative to optimize the consolidated organization's real estate portfolio. The two historical founding entities, barium springs home for childre (est. 1891) and grandfather home for children (est. 1914) acquired significant land holdings over their combined 250-year history. As the organization's service delivery model has evolved from primarily residential care to community-based services, a significant portion of this legacy real estate no longer serves as active programmatic purpose. To strengthen long-term financial sustainability and maximize mission impact, the board of directors has directed a disciplined strategy of divesting non-performing assets and redeploying proceeds as productive investments within the consolidated organization's permanent endowment. Pfc's ongoing property operations: pfc continues to hold and actively manage the properties that remain essential to the consolidated organization's mission-including the historic barium springs campus, which serves as headquarters. During fy2025, pfc generated 3,011,608 in program service revenue from facility rental and management information systems provided to related organizations and distributed 6,288,253 in grants and other assistance to its support organizations to support the consolidated mission and advance the long-term asset optimization strategy.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• 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: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 33.3%; rating input score 33; 7th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -189.6%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 0.13; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.42; rating input score 25; 25th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 80; 80th percentile among comparable filings

Growth

• Program expense growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings
• Asset growth: 6.5% per year; rating input score 100; 43rd percentile among comparable filings