Provident Group - Hsc Properties Inc

Nonprofit profile at a glance

EIN
842443503
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Baton Rouge, LA, USA
Phone
2257663977
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$9,249,897
Expenses
$11,796,845
Assets
$96,829,213
Liabilities
$105,233,409

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

Leadership & pay

4 people listed

Executive titles in this filing

  • CHRISTOPHER HICKS (DIRECTOR/VICE PRESIDENT/TREASURER)
  • DONOVAN O HICKS (DIRECTOR/VICE PRESIDENT/SECRETARY)
  • STEVE HICKS (PRESIDENT)

Highest reported compensation

  • STEVE HICKS (PRESIDENT): $1,111,471 total reported compensation
  • CHRISTOPHER HICKS (DIRECTOR/VICE PRESIDENT/TREASURER): $909,782 total reported compensation
  • DONOVAN O HICKS (DIRECTOR/VICE PRESIDENT/SECRETARY): $644,684 total reported compensation

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

Overview

Mission

Promotes and advances education and health care through the acquisition, planning, development, financing, equipping, managing, operating, and maintaining of one or more dormitory facilities, parking facilities, and other ancillary facilities.

What it reported doing in 2024

Provident group - hsc properties, inc. Promotes and advances education and health care through the development, construction, and furnishment of education and health care related facilities and through the provision of various related programs, activities, and services.

Operating model

Revenue model
Earned-program. 95% 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. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 60
  • Accountability: 37
  • Sustainability: 38
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.9%; rating input score 99
  • 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: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -27.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 8.21; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 1.09; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 58.2% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 64.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.7M in reported program spending
  • Leadership: top reported pay $1.1M · 4 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $501K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 15 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.