Seed House Project
Nonprofit profile at a glance
- EIN
- 463562349
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Location
- Glendale, CA, USA
- Phone
- 8183519718
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $1,635,946
- Expenses
- $1,537,125
- Assets
- $1,219,473
- Liabilities
- $20,227
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Garrett Underwood (Executive Director)
Highest reported compensation
- Garrett Underwood (Executive Director): $128,750 total reported compensation
- Alex Couri (Development Director): $113,706 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To utilize dignified housing as a tool to support transition age youth experiencing housing instability by strengthening personal agency social-emotional wellbeing and economic stability while helping transform adversity into purpose through community based support.
What it reported doing in 2024
Seed House Project is a 24-month, whole-person pathway for young people experiencing homelessness. We provide stable housing, licensed therapeutic care, life skills development, and mentorship, guiding youth from survival to self-actualization. Our model is evidence-based and centered in youth agency, giving participants the tools and space to define and pursue their own futures.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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: 69
- Transparency & Controls: 86
- Accountability: 77
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 15.8%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 57.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 50.6% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 54.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 75.9% of revenue deployed · 80.8% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $129K · 7 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 53/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 21/100.