Retread Inc
Nonprofit profile at a glance
- EIN
- 933084901
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Vista, CA, USA
- Phone
- 7605258919
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $1,275,408
- Expenses
- $1,189,518
- Assets
- $98,643
- Liabilities
- $12,753
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Hannah Gailey (CEO)
Highest reported compensation
- Hannah Gailey (CEO): $39,375 total reported compensation
- Clayton Cunningham (CFO): $30,625 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Retread was established to address the growing issues of homelessness and affordable housing in San Diego County.
What it reported doing in 2024
Buena Creek Navigation Center - The Organization operates a low barrier, housing first opportunity designed to provide emergency shelter for unhoused individuals. The Organization welcomes individuals, couples and pets into the 48 bed, semi congregate Navigation Center. The Organization provides wrap around services including three meals a day, case management, housing navigation, connection to social services, life skills, classes and workshops, and so much more.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- 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.
- 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. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 19
- Sustainability: 37
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.9%; rating input score 73
- Program expense ratio: 78.2%; rating input score 78
- Fundraising efficiency: $126.09 raised per $1 spent on fundraising; rating input score 89; 89th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 0 of 9 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.7%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 5.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 72.9% of revenue deployed · 78.2% of spending went to programs
- Governance: 1 of 3 board members independent · 0 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $930K in reported program spending
- Leadership: top reported pay $39K · 3 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- 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.
- High — Accountability: Governance controls: 8 of 8 not reported.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.