Sherrill-kenwood Community Retirement Housing Corporation
Nonprofit profile at a glance
- EIN
- 222146293
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Rome, NY, USA
- Phone
- 3153371401
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $662,428
- Expenses
- $701,495
- Assets
- $3,120,679
- Liabilities
- $1,398,494
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- BEVERLY MESSENGER-HARRIS (PRESIDENT/CHAIR)
People named in this filing
- BEVERLY MESSENGER-HARRIS (PRESIDENT/CHAIR)
- TARI PAGE (SECRETARY/TREASURER)
- BARBARA LANZ (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
The corporation was organized solely and specifically to develop, own, and operate a low-income housing project on a nonprofit basis pursuant to article xi of the private housing finance law of the state of New York.
What it reported doing in 2024
Sherrill-kenwood community retirement housing corporation offers apartment rental to low to moderate income elderly and handicapped individuals. The rents are federally subsidized under the section 8 program. The 80-unit project was constructed through a loan from fmha.
Operating model
- Revenue model
- Earned-program. 98% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 46
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.3%; rating input score 69
- Program expense ratio: 65.6%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: -5.9%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 4.45; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: -1.7% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 69.3% of revenue deployed · 65.6% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $460K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.