SHE-CEF 1 Inc

Nonprofit profile at a glance

EIN
770523855
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Visalia, CA, USA
Phone
5596511000
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$204,000
Expenses
$368,519
Assets
$991,675
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Tom Collishaw (President)

People named in this filing

  • David Ebenezer (Treasurer)
  • Tom Collishaw (President)
  • Susan Zachary-Kreps (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

Provide affordable rental housing

What it reported doing in 2024

To provide low-income rental housing as the .01% general partner in Caliente Creek Partners, a California Limited Partnersip, which owns and operates a 46-unit affordable housing complex located in Arvin, CA. In addition, to provide low-income rental housing as the .01% managing general partner in Casitas del Sol Partners, a California Limited Partnership, which owns and operates a 36-unit affordable housing complex located in Livingston, CA. In addition, to provide low-income rental housing as the .01% general partner in Cottonwood Creek Partners, a California Limited Partnership, which owns and operates a 40-unit affordable housing complex located in Madera, CA. In addition, to provide low-income rental housing as the .01% general partner in Rolling Hills Partners, a California Limited Partnership, which owns and operates Rolling Hills Apartments, a 52-unit affordable housing complex located in Newman, CA.Also as .01% General Partner in Biola Village Partners, a California Limited Partnership, which owns and operates Biola Village Apartments, a 44-unit affordable rental complex, located in Biola, CA.Also as .01% General Partner in Lincoln Plaza Partners, a California Limited Partnership, which owns and operates Lincoln Plaza Apartments, a 40-unit affordable rental housing complex located in Hanford, CA.Also as .01% General Partner in Villa Del Rey Partners, a California Limited Partnership, which owns and operates Villa Del Rey Apartments, a 48-unit rental housing complex, located in Del Rey, CA.Also as .01% General Partner in Goshen Village Partners, a California Limited Partnership, which owns and operates Goshen Village Apartments, a 64-unit apartment complex, located in Goshen, CA.Also as .01% General Partner in Washington Plaza Partners, a California Limited Partnership which owns and operates Earlimart Village Apartments, a 44-unit rental housing complex, located in Earlimart, CA.Also as .01% General Partner in Sand Creek Partners, a California Limited Partnership which owns and operates Sand Creek Apartments, a 60-unit rental housing complex, located in Orosi, CA.Also as .01% General Partner in Rancho Lindo Partners, a California Limited Partnership, which owns and operates Lamont Village Apartments, a 44-unit rental housing complex, located in Lamont, CA.Also as .01% General Partner in Parksdale Village Partners, a California Limited Partnership, which owns and operates Parksdale Village Apartments, a 48-unit rental housing complex, located in Madera, CA.Also as 99% Limited Partner in Nueva Sierra Vista Associates, a California Limited Partnership, which owns and operates the Nueva Sierra Vista Apartments, a 35-unit rental housing complex, located in Richgrove, CA.Also as 99.99% Limited Partner in Villa Santa Guadalupe Partners, a California Limited Partnership, which owns and operates the Villa de Guadalupe Apartments, a 60-unit rental housing complex, located in Cutler, CA.Also as 99.99% Limited Partner in Sunrise Villa Partners, a California Limited Partnership, which owns and operates the Sunrise Villa Apartments, a 44-unit rental housing complex, located in Wasco, CA.Also as 99.99% Limited Partner in Villa Hermosa Partners, a California Limited Partnership, which owns and operates the Villa Hermosa Apartments, a 40-unit rental housing complex, located in Wasco, CA.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 38
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -80.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 2.69; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -14.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -4.7% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $369K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 16 filed related-organization links
  • 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 — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.