Quality Life Inc

Nonprofit profile at a glance

EIN
421366805
IRS 990-EZ coverage
2011–2024
Forms available
Form 990 2010, Form 990-EZ 2024
Location
Maquoketa, IA, USA
Phone
5636525252
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Homes

Reported finances

Revenue
$68,720
Expenses
$77,353
Assets
$324,214
Liabilities
$620,660

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

Leadership & pay

11 people listed

People named in this filing

  • Brad Deery (Director)
  • John Theisen (Director)
  • Scot Wilkins (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Group homes for adults with disabilities

What it reported doing in 2024

Quality Life Inc. is a 16-unit apartment project located in Storm Lake, Iowa. The project was partially built with funds provided by the U.S. Department of Housing and Urban Development and is managed by Imagine the Possibilities, a non-profit human services agency operating in Iowa. Substantially all of the Organization's income is derived from the rental of its apartment units. The Organization has entered into housing assistance payment contracts with the U.S. Department of Housing and Urban Development (HUD) on behalf of qualified tenants.

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. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 82
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.2%; rating input score 84
  • Program expense ratio: 74.9%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -12.6%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 4.19; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 1.91; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -0.5% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 84.2% of revenue deployed · 74.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.