Springfield Neighborhood Housing Services Inc

Nonprofit profile at a glance

EIN
042658190
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Springfield, MA, USA
Phone
4137394737
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Home Improvement and Repairs

Official website

Reported finances

Revenue
$554,132
Expenses
$1,357,158
Assets
$2,372,008
Liabilities
$297,976

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • LISA HARRISON (PRESIDENT)
  • CHARLES RUCKS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RUTH ANN HAMILTON-STUTTS (DEPUTY DIRECTOR): $72,130 total reported compensation
  • CHARLES RUCKS (EXECUTIVE DIRECTOR): $35,716 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Established in 1978, springfield neighborhood housing services, inc. (the organization) is a 501(c)(3) non-profit corporation that transforms families and revitalizes distressed neighborhoods through sustainable homeownership, housing development and rehabiliation of properties. The organization is a member of the national neighborworks america network, campaign for homeownership and the neighborworks america homeownership center full-cycle lending program. In addition, the community development financial institutions fund of the united states department of the treasury certified the organization as a community development financial institution (cdfi) as a result of meeting its community development goals.

What it reported doing in 2014

Snhs- the revolving loan funds program (rlf) provides a full array of mortgage products for all income ranges for homebuyers anywhere in Massachusetts including purchase, refinance or rehabilitation mortgages. Additionally, the program provides curb appeal loans to eligible homeowners in springfield neighborhoods to improve the exterior appearance of the homes. The curb appeal loans are forgiven if the improvements are maintained by the homeowner for a five year period.

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 84% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 94
  • Accountability: 91
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73.6%; rating input score 74
  • Fundraising efficiency: $11.76 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

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; 73rd 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; 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: -144.9%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: -5.8% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -21.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -14% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $999K in reported program spending
  • Leadership: top reported pay $72K · 17 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.