Riverside Community Housing Corp

Nonprofit profile at a glance

EIN
330679258
IRS 990 coverage
2016–2018
Forms available
Form 990 2018, Form 990-N 2012
Location
Riverside, CA, USA
Phone
9513435403
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$5,118,956
Expenses
$5,833,234
Assets
$11,750,399
Liabilities
$7,992,623

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ROBERT FIELD (CEO)

People named in this filing

  • JEFF HEWITT (SUPERVISOR)
  • KEVIN JEFFRIES (CHAIRPERSON)
  • KAREN SPIEGEL (SUPERVISOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Riverside community housing corporation (rchc) is a community based corporation which works to revitalize neighborhoods throughout riverside county by improving the quantity, quality, and condition of affordable housing opportunities available for low income households. As the inland empire continues to attract new residents, the demand for affordable housing will only increase. Rchc understands the challenge of securing high-quality, affordable housing in the area and operates to ensure that working individuals and families have comfortable, inviting places to live. Rchc works with local public agencies and members of the community to improve living conditions for hundreds of individuals and families in the inland empire. Through its rehabilitation and multifamily rental programs, rchc is able to serve the needs of low and moderate income residents throughout riverside county.

What it reported doing in 2018

No activity for year ending 06/30/2019

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 30
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.9%; rating input score 97
  • Program expense ratio: 85%; rating input score 85
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -14%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 2.01; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings

Growth

  • Program expense growth: 11.4% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: -34.1% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 96.9% of revenue deployed · 85% of spending went to programs
  • Governance: 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $5M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.