Seniors Rising Homes Inc

Nonprofit profile at a glance

EIN: 860360338
IRS 990 coverage: 2018–2023
Forms available: Form 990 2023
Location: Scottsdale, AZ, USA
Phone: 6239317002
Rating: 66
Verdict: SUPPORTED
Rating confidence: Moderate

Reported finances

Revenue: $1,629,855
Expenses: $2,322,289
Assets: $12,992,530
Liabilities: $12,919,722

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

ERIC LUSTER (PRESIDENT/ CHAIRPERSON)
JOHANNAH URIRI-GLOVER (VICE PRESIDENT/VICE CHAIRPERSON)

Highest reported compensation

ERIC LUSTER (PRESIDENT/ CHAIRPERSON): $158,080 total reported compensation
JAKE MEHLBERG (BOARD MEMBER/ DIR. OF DEVELOPMENT): $108,368 total reported compensation
JOHANNAH URIRI-GLOVER (VICE PRESIDENT/VICE CHAIRPERSON): $2,736 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of seniors rising homes, inc. Is to develop, preserve, and operate affordable housing for low-income seniors and individuals with disabilities, providing safe, accessible, and supportive environments that promote stability, independence, and improved quality of life.

What it reported doing in 2023

Seniors rising homes, inc. Develops, acquires, rehabilitates, and manages housing communities serving seniors and individuals with disabilities. Properties are designed to meet accessibility standards and support aging in place. In addition to providing housing, the organization coordinates supportive services and leverages innovative technology solutions, including telehealth access and health-supportive digital tools, to promote wellness, preventative care, and connection to essential community resources. Through partnerships with healthcare and social service providers, the organization serves vulnerable populations that are often underserved, helping reduce housing instability and improve overall well-being.

Operating model

Revenue model: Earned-program. 89% 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

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: 73
Transparency & Controls: 61
Accountability: 58
Sustainability: 31
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 91.4%; rating input score 91
Program expense ratio: 67.1%; rating input score 67
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 92.3%; rating input score 92; 15th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Accountability

Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 56
- 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: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail

Sustainability

Operating margin: -42.5%; rating input score 4; 4th percentile among comparable filings
Total-asset coverage ratio: 5.59; rating input score 86; 86th percentile among comparable filings
Liabilities to assets ratio: 0.99; rating input score 6; 6th percentile among comparable filings
Officer compensation ratio: 11.8%; rating input score 30; 30th percentile among comparable filings

Growth

Program expense growth: 12.4% per year; rating input score 100; 70th percentile among comparable filings
Revenue growth: 5.9% per year; rating input score 100; 50th percentile among comparable filings
Asset growth: 50.5% per year; rating input score 100; 96th percentile among comparable filings

Details

Where the money goes: 91.4% of revenue deployed · 67.1% of spending went to programs
Governance: 3 of 5 board members independent · 5 of 9 filing controls reported
Programs: 1 filed program accomplishment · $1.6M in reported program spending
Leadership: top reported pay $158K · 5 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 2 contractors listed · $538K reported
Consistency: 26 of 27 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes executive pay
Filing history: 5 filing years from 2018 to 2023
Contacts: How to reach this organization
Money network: 6 filed money-flow records
Related organizations: 1 filed related-organization link
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: 4 of 9 not reported.
High — Sustainability: Operating margin scored 4/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 6/100.
Moderate — Sustainability: Officer compensation ratio scored 30/100.