Residential Alternatives of Iowa

Nonprofit profile at a glance

EIN
721568459
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Galesburg, IL, USA
Phone
3093431550
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$10,809,974
Expenses
$2,025,757
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • IRWIN JANN (PRESIDENT)

Highest reported compensation

  • IRWIN JANN (PRESIDENT): $1,500 total reported compensation
  • JEFFREY SHAW (SECRETARY): $1,500 total reported compensation
  • DOUG BIEDERSTEDT (DIRECTOR): $1,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the organization is articulated in its articles of incorporation as follows: the corporation is organized and shall be operated exclusively for charitable purposes, including, for such purposes, the making of distributions to organizations that qualify as tax-exempt organizations under 501(c)(3) of the internal revenue code of 1986, as amended or corresponding section of any future federal tax code. In furtherance of these purposes, the corporation may build, lease, acquire and otherwise own and operate housing, nursing facilities, continuous care retirement communities and other related facilities and services for the elderly, mentally retarded, mentally ill, developmentally disabled and other like conditions without regard to race, religion, color, sex, creed or national origin of said persons.

What it reported doing in 2014

All program services relate to providing and operating skilled nursing facilities, health care, assisted and semi-independent living facilities, and other related services to the elderly. The organization operated 3 facilities with a combined total of 207 beds until the organization merged with its brother/sister 501(c)(3) organization, residential alternatives of Illinois, inc., on march 31, 2014.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 90
  • Accountability: 23
  • Sustainability: 57
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.7%; rating input score 18
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 81.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.4%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 21.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -31.3% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 17.7% of revenue deployed · 94.3% of spending went to programs
  • Governance: 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $2K · 5 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 4 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 3 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 18/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.