Snowbelt Housing Company Inc
Nonprofit profile at a glance
- EIN
- 222391978
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Lowville, NY, USA
- Phone
- 3153762639
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $1,467,952
- Expenses
- $1,557,997
- Assets
- $2,715,170
- Liabilities
- $1,607,524
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAYLYN HEAMES (EXECUTIVE DIRECTOR)
Highest reported compensation
- JAYLYN HEAMES (EXECUTIVE DIRECTOR): $86,511 total reported compensation
- KRISTEN ORTLIEB (ACCOUNTING MANAGER): $52,901 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide viable and affordable housing.
What it reported doing in 2024
Home repair program: provide assistance to low and very low income home owners for rehabilitation and repair of their homes.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 100
- Accountability: 86
- Sustainability: 34
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.4%; rating input score 78
- Program expense ratio: 72%; rating input score 72
- 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: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.1%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -2.3% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 78.4% of revenue deployed · 72% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $87K · 9 people listed
- Highest-paid contractors: 1 contractor listed · $128K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 5 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 — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.