Rock Lake Housing Authority
Nonprofit profile at a glance
- EIN
- 450345318
- IRS 990-EZ coverage
- 2010–2015
- Forms available
- Form 990-EZ 2015
- Location
- Rocklake, ND, USA
- Phone
- 7012665406
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $0
- Expenses
- $73,900
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- PHYLLIS PANTSAARI (Vice President)
- KIMBERLEE KRUMWEIDE (President)
People named in this filing
- PHYLLIS PANTSAARI (Vice President)
- KIMBERLEE KRUMWEIDE (President)
- DARLA HUNT (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rock lake housing authority was established for the purpose of providing low-rental housing for low-income individuals in a community with a population of fewer than 500 people.
What it reported doing in 2015
The corporation owns and operates a multiple-family housing complex located in the city of rocklake, North Dakota, consisting of eight single-bedroom units. The complex is financed through the rural housing service of the united states department of agriculture, which also provides subsidies for units which are rented at a reduced rate to low-income individuals. The housing complex was sold in 2013, and the termination of business activities of the corporation commenced in 2014, with the disposition of the remaining assets of the corporation to certain qualifying charitable organizations within the community scheduled for 2015.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: -29% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $74K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2010 to 2015
- 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.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.