Rademacher Lodge Nonprofit Housing

Nonprofit profile at a glance

EIN
382881807
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Detroit, MI, USA
Phone
3138418905
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Residential Mental Health Treatment

Reported finances

Revenue
$533,028
Expenses
$141,610
Assets
$18,601
Liabilities
$112,309

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • SEAN DE FOUR (CEO)
  • TIMOTHY THORLAND (EXECUTIVE DIRECTOR - SWHS)

Highest reported compensation

  • MICHELLE R SHERMAN (COO & TREASURER): $291,192 total reported compensation
  • SEAN DE FOUR (CEO): $279,840 total reported compensation
  • TIMOTHY THORLAND (EXECUTIVE DIRECTOR - SWHS): $202,886 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide supportive housing for low-income individuals.

What it reported doing in 2022

Supportive residential 15-unit rental building which provides independent residential services for discharged mentally ill patients.

Operating model

Revenue model
Grant-funded. 96% 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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 65
  • Accountability: 82
  • Sustainability: 47
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 19.6%; rating input score 20
  • Program expense ratio: 99.7%; 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 73.4%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 6.04; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 60.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: -9.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 19.6% of revenue deployed · 99.7% of spending went to programs
  • Governance: 21 of 21 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $141K in reported program spending
  • Leadership: top reported pay $291K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 50 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 — Financial Efficiency: Mission deployment rate scored 20/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.