Southstar Housing Inc

Nonprofit profile at a glance

EIN
205833636
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-N 2007
Location
Chicago Heights, IL, USA
Phone
7087558030
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Reported finances

Revenue
$54,723
Expenses
$71,808
Assets
$386,405
Liabilities
$54,951

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

Leadership & pay

9 people listed

Executive titles in this filing

  • RICK THIERNAU (PRESIDENT)
  • MIKE RYAN (VICE PRESIDENT)
  • KELLY BERARDELLI (PRESIDENT/CEO)
  • GUS VAN DEN BRINK (INTERIM PRESIDENT/CEO - LEFT 10/24)

Highest reported compensation

  • KELLY BERARDELLI (PRESIDENT/CEO): $196,543 total reported compensation
  • GUS VAN DEN BRINK (INTERIM PRESIDENT/CEO - LEFT 10/24): $191,357 total reported compensation
  • MARY GONZALEZ (CHIEF FINANCIAL OFFICER): $144,378 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

South star housing was formed in 2006 for the development and operation of a dwelling home for persons with developmental disabilities. This project, referred to as the candice house, has six bedrooms and houses six adult women who are developmentally delayed. Housing is operated under section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. Housing's major program is its section 811 capital advance. Housing has also entered into a project rental assistance contract (prac) with hud to provide rent subsidies, and as a result, a significant portion of the project's rental income is received from hud. The project is managed by kmg management llc under an agreement approved by hud which provides for a monthly management fee.

What it reported doing in 2024

24-hour residential care services - community living services provides residential homes for developmentally disabled individuals in a neighborhood setting where participating in the community is emphasized.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.4%; rating input score 89
  • Program expense ratio: 68.1%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -31.2%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 5.38; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 60.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: -20.6% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 89.4% of revenue deployed · 68.1% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $49K in reported program spending
  • Leadership: top reported pay $197K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.