Selby Area Community Development Corporation Inc

Nonprofit profile at a glance

EIN
411665278
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Saint Paul, MN, USA
Phone
6512917704
Rating confidence
Limited
Sector
Community, Neighborhood Development

Reported finances

Revenue
$337,547
Expenses
$478,365
Assets
$110,949
Liabilities
$221,989

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

7 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The selby area community development corporation provides leadership for community, housing and business development initiatives that engage and benefit the area's diverse people and neighborhood.

What it reported doing in 2010

Business development - in the fall of 2009, the selby are cdc (sacdc) formed a nonprofit llc with two other partners experienced in the training and assisting individuals seeking to form certified disadvantaged business enterprises. The sacdc retained a majority ownership of the llc filed with the state of Minnesota under the name of probid. The selby area cdc entered into contracts in 2010 with the Minnesota department of transportation (mndot) office of civil rights and the city of st paul . The contract with mndot was to provide construction related estimating and bidding training along with supporting individual technical assistance to minority, women , small and disadvantaged business owners. The individuals wish to become certified dbe's eligible to submit bids to the department for heavy highway contruction projects. The objective of the mndot program is to assist the department in meeting its federally mandated dbe participation goals for federal-aid projects. The bids received subsequent to intiating the probid program, the sacdc trained 114 of the 152 bids submited from dbe's. The number of dbe bids received by the department was increased by approximately 50%. The contract with the city of st paul funded by a section iii grant, provided probid training and followup technical assistance. The program provided training to 34 individuals, 12 of which proceeded to form start up contractor businesses and received probid assistance.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 17
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -41.7%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 2; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $431K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.