Red Hook Initiative

Nonprofit profile at a glance

EIN
203904662
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
7188586782
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$4,263,337
Expenses
$5,024,106
Assets
$3,692,871
Liabilities
$690,171

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

Leadership & pay

19 people listed

Executive titles in this filing

  • BRANDON HOLLEY (PRESIDENT)
  • NANDA PRABHAKAR (VICE PRESIDENT)
  • MICHAEL PARTIS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHAEL PARTIS (EXECUTIVE DIRECTOR): $180,423 total reported compensation
  • APHIA PHILLIP (CHIEF ADMINISTRATIVE OFFIC): $141,527 total reported compensation
  • CATHERINE MCBRIDE (DIRECTOR OF COMMUNITY BUILDING): $107,800 total reported compensation

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

Overview

Mission

Rhi believes that social change to overcome systemic inequities begins with empowered youth. In partnership with community adults, we nurture young people in red hook to be inspired, resilient, and healthy, and to envision themselves as co-creators of their lives, community and society. We envision a red hook where all young people can pursue their dreams and grow into independent adults who contribute to their families and community.

What it reported doing in 2024

Community building: advocacy and organizing has always been a key element of our work at rhi, recognizing the need to address systemic issues facing the neighborhood alongside our youth development approach. Our programs work toward two goals: to improve the health of residents of public housing in red hook and to strengthen the resiliency of the red hook community. The work of this program seeks to address the root causes of the issues residents face, positively impacting the lives of over 6,500 red hook houses residents each year.through our benefits access work, we served nearly 600 residents in benefits access including: housing repair support and advocacy, snap and one shot deal enrollment, translation services, and referrals to community partners for additional support.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 93% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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: 73
  • Transparency & Controls: 83
  • Accountability: 95
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.8%; rating input score 83
  • Program expense ratio: 70.1%; rating input score 70
  • Fundraising efficiency: $8.77 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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: 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: -17.8%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 10.6%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 82.8% of revenue deployed · 70.1% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $180K · 19 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $337K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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 — Financial Efficiency: Fundraising efficiency scored 33/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.