Quality Senior Housing Foundation Inc
Nonprofit profile at a glance
- EIN
- 311672366
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-T 2024
- Location
- Atlanta, GA, USA
- Phone
- 4043866280
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $17,566,741
- Expenses
- $21,266,780
- Assets
- $60,033,360
- Liabilities
- $68,676,071
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- STANLEY BRADING (PRESIDENT AND DIRECTOR)
- LIESBETH BOLYARD (EXECUTIVE DIRECTOR)
Highest reported compensation
- STANLEY BRADING (PRESIDENT AND DIRECTOR): $179,000 total reported compensation
- LIESBETH BOLYARD (EXECUTIVE DIRECTOR): $119,375 total reported compensation
- SUZETTE BRADING (ADMINISTRATIVE SECRETARY): $76,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
The organization owns five long-term care facilities - sanders glen, governor's pointe, governor's port, white oaks, and randall residence. Sanders glen is an assisted living and residential care facility located in westfield, in and provides full-service room and board for its residents, as well as a variety of social activities and community involvement. Governor's pointe is a 34-unit assisted living community located in mentor, oh. Governor's port is a 50-unit independent living community located in mentor, oh. White oaks is a 68-unit long-term care community located in lawton, mi and consists of assisted living and memory care units. Randall residence is a 105-unit long-term care community located in decatur, il and consists of independent living, assisted living and memory care units.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 74
- Accountability: 84
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 91.1%; rating input score 91; 21st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -21.1%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 2.82; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 1.14; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 34.4% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 32.1% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 27.4% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $18.9M in reported program spending
- Leadership: top reported pay $179K · 7 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $746K reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 13 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 — Sustainability: Operating margin scored 5/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.