SHARP Committee Inc
Nonprofit profile at a glance
- EIN
- 141636391
- IRS 990-EZ coverage
- 2009–2012
- Forms available
- Form 990 2011, Form 990-EZ 2012
- Location
- Phoenicia, NY, USA
- Phone
- 8456885777
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $84,577
- Expenses
- $189,355
- Assets
- $482,614
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide housing to low income individuals and assist other low income individuals to purchase their first house. Additionally, they manage assistance to rehab older homes for low income individuals
What it reported doing in 2012
Flood Relief Program was set up to aid victims of Hurricane Irene and Tropical Storm Lee. Donations are received and used to aid those who continue to seek assistance from flood occurances.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 100
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 54.4%; rating input score 54
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -123.9%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 2.55; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 36% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: -5.2% per year; rating input score 0; 44th percentile among comparable filings
- Asset growth: -8.1% per year; rating input score 0; 30th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 54.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 6 filed program accomplishments · $103K in reported program spending
- Leadership: top reported pay $46K · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2009 to 2012
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.