Southwestern Idaho Cooperative Housing Authority

Nonprofit profile at a glance

EIN
820326794
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Middleton, ID, USA
Phone
2085859325
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Reported finances

Revenue
$7,014,593
Expenses
$7,107,759
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • DAVID W PATTEN (SECREATRY TREASURER): $77,147 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

SICHA has assisted thousands of families and individuals during the course of its operations throughout the eleven counties it serves. We provide families and individuals the tools for becoming self sufficient as well as offering them assistance in achieving the ultimate goal of home-ownership.

What it reported doing in 2015

Housing Choice Voucher Rental Assistance - The HCV program is federally funded by the Department of Housing and Urban Development. This program provides rental assistance for low income individuals, disabled individuals, and families. The rent assistance is based on the family's income; the rent payments are sent directly to the landlords as per the agreement between the Housing Authority and the landlords. Families are required to report any fluctuations in income; this allows the Housing Authority to adjust rents accordingly. Families with zero income receive assistance for their utility payments. For the fiscal year 2012, the HCV program assisted an average of 867 families and individuals.

Operating model

Revenue model
Grant-funded. 92% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 23
  • Growth: 80

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: 83.3%; rating input score 83; 0th 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; 65th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: -1.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.1%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -24.8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $7.1M in reported program spending
  • Leadership: top reported pay $77K · 11 people listed
  • Highest-paid contractors: 1 contractor listed · $121K reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.