St Margaret's House Housing Development Fund Corporation

Nonprofit profile at a glance

EIN
132947394
IRS 990 coverage
2009–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
2127668122
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$12,353,339
Expenses
$11,180,331
Assets
$32,526,040
Liabilities
$62,804,360

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

Leadership & pay

30 people listed

Executive titles in this filing

  • SUSAN HINKSON-CARLING (VP & SEC (THRU 05/13/25), PRESIDENT)
  • MATTHEW KNISELY (PRESIDENT (THRU 4/22/2025))
  • CLAIRE GUERETTE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CLAIRE GUERETTE (EXECUTIVE DIRECTOR): $263,724 total reported compensation
  • EZRA EBANKS (CONTROLLER): $162,528 total reported compensation

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

Overview

Mission

St. Margaret's house housing development fund corporation (smh provides housing for low income older adults and mobility impaired disabled persons. See schedule o continued: our facility consists of a twenty story residential building with 251 apartments, along with two wings for tenant/community events and programs. Smh takes pride in being an active and positive community leader, serving as a role model that benefits our residents, staff, and the broader community. The highlights of our activities include educational events, recreation activities, being a good neighbor by being a community destination, and hosting cultural celebrations. In the past year, smh continued to make a positive and significant impact on the tenants and the wider community while maintaining a strong financial position.

What it reported doing in 2025

The organization operates low income housing for older adults and disabled persons with mobility impairments under the u.s. Department of housing and urban development section 8 program. During 2025, smh provided housing to approximately 340 tenants.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
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

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

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 78
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 8 of 9 controls in place; rating input score 89
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.5%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 2.91; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 1.93; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 16.8% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 89.1% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10M in reported program spending
  • Leadership: top reported pay $264K · 30 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.6M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 6 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.