Ramp Housing Inc

Nonprofit profile at a glance

EIN
832191732
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Oakland, CA, USA
Phone
5108741500
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$5,833,616
Expenses
$73,500
Assets
$26,209,732
Liabilities
$90,000

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

Leadership & pay

5 people listed

Executive titles in this filing

  • LYNETTE JUNG-LEE (DIRECTOR/PRESIDENT)
  • WILLIAM MAYES (DIRECTOR/VICE PRESIDENT)

Highest reported compensation

  • PATRICIA WELLS (DIRECTOR/EXECUTIVE DIRECTO): $460,208 total reported compensation
  • TOM DELOYE (SECRETARY): $314,313 total reported compensation
  • VICTOR MADAMBA (TREASURER): $301,825 total reported compensation

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

Overview

Mission

The mission of the organization is to benefit and support housing authority of the city of oakland, California, in its charitable activities. Among these activities are housing authority's multiple efforts to provide housing and related services to low-income households.

What it reported doing in 2024

The organization serves as the sole member of rhi oak groves gp llc, which in turn serves as the general partner of oak groves senior housing, l.p. ("oak groves"). The organization also serves as the developer and guarantor of the rehabilitation project oak groves apartments, which is undertaken by oak groves.on may 13, 2024, rhi lion creek llc, was formed where the organization is the sole member and manager. Rhi lion creek llc serves as the general partner of oakland coliseum housing partners, lp and lion way housing partners, lp (collectively, the "lion creek parnterships") the lion creek partnerships sold the lion creek phase i and lion creek phase ii tax credit projects (the "lion creek projects") to new low income tax credit partnerships at the time of resyndication of the low-income housing tax credits. On may 19, 2025, the organization's board of directors adopted a resolution authorizing the organization to serve as a general partner of harrison tower development partners, l.p., along with the john stewart company (jsco), that will rehabilitate harrison tower, and to potentially serve as a guarantor of the project. At construction closing, it is anticipated that an affiliate of jsco will serve as the administrative general partner and an affiliate of rhi will serve as the managing general partner, and that jsco and rhi will syndicate the limited partnership interest to a to-be-selected investor limited partner. It is also anticipated that the jsco affiliate, as the administrative general partner, will have a 0.0051% interest in the partnership and that the affiliate of rhi, as the managing general partner, will have a 0.0049% interest in the partnership.on june 23, 2025, foothill family gp llc was formed where the organization is the 60% member and oakland housing initiative, inc. ("ohi") is the 40% member. Foothill family gp llc serves as the general partner of foothill family preservation, l.p.. The organization also serves as the co-developer, with ohi, jointly oversee the rehabilitation project of foothill family preservation, l.p.. As of june 30, 2025, the rehabilitation project remained in the pre-development stage.ramp is a supporting organization of oakland housing authority.

Operating model

Revenue model
Affiliate-supported. 86% of the money available for current operations came from contributions from related organizations.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 65
  • Accountability: 55
  • Sustainability: 87
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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: Scored; rating input score 0

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 98.7%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 356.59; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 223.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -15.7% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 18.6% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $460K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.