Scotland Community Development Inc

Nonprofit profile at a glance

EIN
526079918
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Potomac, MD, USA
Phone
3019832248
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$472,433
Expenses
$58,290
Assets
$8,545,753
Liabilities
$14,162

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

Leadership & pay

10 people listed

Executive titles in this filing

  • IRIS NEAL (PRESIDENT/DIRECTOR)
  • DIANE QUINN TILLERY (VICE PRESIDENT/DIRECTOR)

People named in this filing

  • IRIS NEAL (PRESIDENT/DIRECTOR)
  • DIANE QUINN TILLERY (VICE PRESIDENT/DIRECTOR)
  • AMAL FALLAH (SECRETARY/ DIRECTOR)

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

Providing housing to low income residents under section 221(d)(3) of the national housing act.

What it reported doing in 2024

Scotland community development, inc. Was incorporated on june 11, 1965 as a not-for-profit, non-stock corporation in order to carry out its purpose to develop, construct, own, manage and maintain a 75 unit low income housing apartment complex in potomac, Maryland.on december 4, 2017, the entity sold its apartment complex and related assets to scotland townhomes limited partnership (the "partnership") for $4,500,000. This sale also resulted in the entity providing a $4,000,000 loan to the partnership. The entity has a 20% interest in scotland general partnership, llc, who are part of the partnership and made a $200,000 initial investment in the partnership.subsequent to the sale, the partnership entered into a user agreement with the state of Maryland which establishes hud's cranston-gonzalez national affordable housing act, section 811 project rental assistance demonstration programs to provide rental assistance to persons with disabilities at the scotland townhomes.

Operating model

Revenue model
Earned-program. 82% 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 and most voting board members are independent. 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: 26
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 90
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.6%; rating input score 7
  • Program expense ratio: 65.2%; rating input score 65
  • 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: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 87.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 146.61; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -24.1% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 6.6% of revenue deployed · 65.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2011 to 2024
  • 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 — Financial Efficiency: Mission deployment rate scored 7/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.