Raquans Haven Inc

Nonprofit profile at a glance

EIN
352244297
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
Location
Waukegan, IL, USA
Phone
2243101017
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$114,421
Expenses
$84,752
Assets
$624,844
Liabilities
$513,813

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Takeisha Baker (President)

People named in this filing

  • Takeisha Baker (President)
  • Yvette Wright (Director)
  • Tyler Washington (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Raquans Haven is a 501c3 nonprofit organization dedicated to empowering women & single mothers to live safe, and progressive lives. We fulfill this mission by providing transitional and affordable housing, along with the tools and resources necessary for long-term stability and success.

What it reported doing in 2024

Raquans Haven provides resource assistance and mentorship to young women experiencing hardship. During the 2024 tax year, the organization distributed $1,668 in financial assistance grants to support immediate needs and reduce financial barriers. In addition, the organization provided mentorship support focused on personal development and financial literacy, equipping participants with tools for budgeting, financial planning, and long-term stability (number of sessions estimated). The organization also began connecting participants to external resources, including community-based services and support networks. The objective of this program is to provide immediate relief while equipping participants with access to resources, guidance, and support systems. The long-term goal is to expand services to include advocacy, job readiness support, referrals, and training opportunities that promote self-sufficiency, financial independence, and improved life outcomes for women served.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 100
  • Accountability: 61
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.4%; rating input score 70
  • Program expense ratio: 95.1%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.9%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 7.37; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 25.6% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 28.5% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 70.4% of revenue deployed · 95.1% of spending went to programs
  • Governance: 1 of 3 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $81K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 1 filing year from 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.