Ready to Work Aurora
Nonprofit profile at a glance
- EIN
- 823582806
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Boulder, CO, USA
- Phone
- 3034428300
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Neighborhood Centers
Reported finances
- Revenue
- $1,899,873
- Expenses
- $2,291,459
- Assets
- $4,411,788
- Liabilities
- $4,589,280
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Chuck Lief (Interim President)
- Danny Hassan (Vice President)
- Marques Ivey (Chair/ President)
- Melissa Green (CEO)
Highest reported compensation
- Melissa Green (CEO): $135,220 total reported compensation
- Susan Rincon (Finance Director): $105,561 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ready to Work Aurora believes in, respects and empowers people who are experiencing homelessness. We connect them to housing and employment opportunities so they can realize and embrace their future.
What it reported doing in 2024
Bridge House's Ready to Work program is a "work-first" solution to address homelessness. Ready to Work applies a business approach toward solving increasingly difficult and expensive social problems - Homelessness, joblessness, and criminal recidivism. Founded on the belief that when given the opportunity individuals experiencing homelessness can and are willing to work, Ready to Work creates paid transitional work opportunities as the core element of a comprehensive program providing a pathway to independence for men and women experiencing homelessness. Ready to Work trainees participate in three elements of the program including paid work in a ready to work social enterprise; housing in a supportive, communal setting called Ready to Work House; and participating in case management for one year before graduating to mainstream employment and independent housing. Immediately upon acceptance into Ready to Work participants are contributing members of the community. Ready to Work House residents go to work every day, pay taxes, pay room and board, and call Ready to Work House home for one year. Currently, the program offers employment and housing to 50 men and women.
Operating model
- Revenue model
- Other-operating. 68% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Accountability: 91
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.1%; rating input score 99
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: $5.04 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.6%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 13.6% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 99.1% of revenue deployed · 83.3% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $135K · 9 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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: Fundraising efficiency scored 18/100.
- High — Sustainability: Operating margin scored 9/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.