Sheltering the Homeless Is Our Responsibility Inc / Icare
Nonprofit profile at a glance
- EIN
- 133323120
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- White Plains, NY, USA
- Phone
- 9143328801
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Homeless Centers
Reported finances
- Revenue
- $593,252
- Expenses
- $429,335
- Assets
- $1,092,381
- Liabilities
- $168,116
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- LINDA S HOUSER (INTERIM EXECUTIVE DIRECTOR (FORMER))
Highest reported compensation
- LINDA S HOUSER (INTERIM EXECUTIVE DIRECTOR (FORMER)): $39,813 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sheltering and homeless support operate, develop, construct or purchase housing to be used to provide housing and support for homeless and near homeless households
What it reported doing in 2024
Sheltering and homeless support develop, construct or purchase housing to be used in the organization's homeless and housing assistance program. Housing development - in november 2019, shore completed the merger with icare, an organization engaged in developing and operating housing for homeless and low income housing households, in westchester county, New York, and expanded the combined area of support for the homeless and near homeless households. Shore continues to subsidize operating losses of white plains housing development fund company as needed, so the organization can continue to operate its housing for households who were homeless. Homeless housing operations - operation of residential properties providing permanent housing for families that would otherwise be homeless.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.3%; rating input score 62
- Program expense ratio: 85.5%; rating input score 86
- Fundraising efficiency: $17.92 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 27.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 2.54; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 62.3% of revenue deployed · 85.5% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $367K in reported program spending
- Leadership: top reported pay $40K · 15 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 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.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.