St Bernard Housing Development Corporation

Nonprofit profile at a glance

EIN
364322147
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Chicago, IL, USA
Phone
7739623900
Rating
42
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$18,015
Expenses
$665
Assets
$618,961
Liabilities
$3,715

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • GEORGE DENGLER (MEDICAL STAFF PRESIDENT)

Highest reported compensation

  • CHARLES HOLLAND JR (TRUSTEE): $469,045 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of st. Bernard housing development corporation is to develop affordable housing and promote other economic development activities in the community it serves surrounding st. Bernard hospital, a related tax-exempt organization.

What it reported doing in 2025

The st. Bernard housing development corporation was created in 1999 as a nonprofit subsidiary of st. Bernard hospital. Its specific purpose is to develop affordable housing and promote other economic development activities in the community surrounding st. Bernard hospital. This would provide a more stable, healthy, and safe neighborhood around the hospital. The target area of st. Bernard housing development corp. Is the chicago community of englewood. The major project of st. Bernard housing development corp. Is bernard place, an affordable housing development of single-family and two flat homes. In phase i of bernard place, 63 homes were built and sold in a two block area immediately south of st. Bernard hospital, making a tremendous impact in revitalizing a neighborhood area long blighted by abandonment and vacant lots. These homes represented the first newly constructed for sale housing in the neighborhood in well over 30 years, and mark a nearly $16 million investment in new building. The development was built in collaboration with the city of chicago's new homes for chicago program, which provides subsidies for qualified homebuyers. In 2004, st. Bernard housing development corporation was awarded the richard h. Driehaus foundation award for outstanding nonprofit neighborhood real estate project. Currently, st. Bernard housing development corp. Has partnered with chicago neighborhood initiatives in developing phase ii of bernard place. Seven additional homes, including a model have been built to date in phase ii. Additional plans for phase ii & phase iii are on hold until the housing market improves.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 64
  • Accountability: 95
  • Sustainability: 79
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 28th 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: 96.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 930.77; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 4,163.6%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -26.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -12.6% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 12 of 13 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $469K · 13 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 2 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.