Red Lake Homeless Shelter Inc

Nonprofit profile at a glance

EIN
841661929
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Red Lake, MN, USA
Phone
2186793228
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Shelters

Reported finances

Revenue
$600,837
Expenses
$655,193
Assets
$616,796
Liabilities
$474,461

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JORDAN MAY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JORDAN MAY (EXECUTIVE DIRECTOR): $58,040 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As part of the extended family of anishinaabe people, the red lake homeless shelter will always help all our relatives by empowering homeless people, and those at risk of homelessness, to gain housing stability and self-sufficiency.

What it reported doing in 2015

Operate a homeless shelter providing emergency shelter, case management, and advocacy. Housing consists of 7 bedrooms, with a maximum capacity of 22 people. Average occupancy is 15 individuals. The red lake bank of chippewa indians donated accounting and computer services with a fair value of $32,809. They also donated free use of the shelter's facilities. The value of the remaining donated lease term is $363,375. Fair value of current rent expense for the year was $18,000.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.1%; rating input score 97
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: $144.66 raised per $1 spent on fundraising; rating input score 91; 91st 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; 74th 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.94; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.77; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: -5.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 97.1% of revenue deployed · 89% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $583K in reported program spending
  • Leadership: top reported pay $58K · 7 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.