Stanley Axlrod Utd Towers Inc

Nonprofit profile at a glance

EIN
596169721
IRS 990 coverage
2009–2014
Forms available
Form 990 2014
Location
Miami, FL, USA
Phone
3058540220
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$10,631,618
Expenses
$8,390,976
Assets
$0
Liabilities
$0

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

Leadership & pay

25 people listed

Executive titles in this filing

  • FEDRICK C INGRAM (PRESIDENT)

Highest reported compensation

  • FEDRICK C INGRAM (PRESIDENT): $95,865 total reported compensation
  • KARLA HERNANDEZ-MATS (SECRETARY-TR): $77,540 total reported compensation
  • TOM GAMMON (FIRST VICE P): $49,355 total reported compensation

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

Overview

Mission

Operation of low income housing for the elderly and handicapped

What it reported doing in 2014

Operation of low income housing for the elderly and handicapped, regulated and assisted by the department of housing and urban development.

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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 78
  • Accountability: 65
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.6%; rating input score 98
  • Program expense ratio: 7.9%; rating input score 8
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 88%; rating input score 88; 23rd percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.1%; rating input score 88; 88th 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: Limited

Growth

  • Program expense growth: -104.5% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 34.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -15.2% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 97.6% of revenue deployed · 7.9% of spending went to programs
  • Governance: 22 of 25 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $664K in reported program spending
  • Leadership: top reported pay $96K · 25 people listed
  • Highest-paid contractors: 1 contractor listed · $266K reported
  • Consistency: 21 of 23 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules
  • Filing history: 6 filing years from 2009 to 2014
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Program expense ratio scored 8/100.
  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.