San Alfonso Housing Inc

Nonprofit profile at a glance

EIN
871951096
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Venice, FL, USA
Phone
9414885581
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$236,087
Expenses
$617,669
Assets
$7,449,555
Liabilities
$7,764,137

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • REV FRANK J DEWANE (PRESIDENT)
  • REV STEPHEN E MCNAMARA (VICE-PRESIDENT)

People named in this filing

  • REV FRANK J DEWANE (PRESIDENT)
  • REV STEPHEN E MCNAMARA (VICE-PRESIDENT)
  • DR VOLODYMYR SMERYK (SECRETARY/TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

San alfonso housing, inc. Was formed under the laws of the state of Florida as a not-for-profit corporation. The corporation is organized exclusively for charitable and/or educational purposes, including, for such purposes, the making of distributions to organizations which qualify as exempt organization under section 501(c)(3) of the internal revenue code of 1986, as amended. In pursuance of the foregoing, the corporation shall have the purpose to provide affordable housing provide services to promote the health and security of the residents and to maintain the facilities. The corporation acquired land in zolfo springs Florida to construct a 21 unit rental property known as casa san alfonso. Casa san alfonso was completed in 2024.

What it reported doing in 2024

San alfonso housing, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of Florida. The corporation was formed for the purpose of operating a property, known as casa san alfonso, consisting of 21 single family homes located in zolfo springs, fl.

Operating model

Revenue model
Earned-program. 96% 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

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 36
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -161.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 12.06; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 1.04; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 64.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -52.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $541K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 10 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.