St Patrick Manor
Nonprofit profile at a glance
- EIN
- 341867871
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Cuyahoga Falls, OH, USA
- Phone
- 3303841555
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $465,849
- Expenses
- $551,662
- Assets
- $1,635,185
- Liabilities
- $64,329
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- FRED BERRY (PRESIDENT/TREASURER)
Highest reported compensation
- FRED BERRY (PRESIDENT/TREASURER): $99,214 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
St. Patrick manor, inc. (the project), a not-for-profit entity, owns and operates a 50-unit apartment project located in wellington, Ohio. The project commenced operations in july 1999. The project is operated under section 202 of the national housing act of 1959 and is regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The project's major program is its section 202 capital advance which provided the majority of the funding to develop the project. The project is also subject to a project rental assistance contract (prac) with hud, and a portion of the project's rental income is received from hud.
What it reported doing in 2024
The corporation provides housing and supportive services for low-income elderly individuals in safe, attractive and well-maintained buildings in northeast Ohio. We strive to keep seniors self-reliant and independent for as long as possible by securing additional services they need and encouraging a sense of community in each resident. The seniors we serve must be eligible for a hud 202 apartment as determined by their income and must be re-certified each year to continue residency. The project operates under section 202 of the national housing act and within the rental and operating guidelines of the department of housing and urban development.
Operating model
- Revenue model
- Earned-program. 92% 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 assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89.5%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -18.4%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 2.96; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 2.7% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -2.7% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89.5% of spending went to programs
- Governance: 5 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $494K in reported program spending
- Leadership: top reported pay $99K · 5 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 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 — Sustainability: Operating margin scored 15/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.