The Fairmont Community Development Partnership Inc
Nonprofit profile at a glance
- EIN
- 550720311
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020
- Location
- Fairmont, WV, USA
- Phone
- 3043667600
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,093,127
- Expenses
- $586,024
- Assets
- $6,372,962
- Liabilities
- $2,107,069
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CLIFTON JACKSON (PRESIDENT)
- BELINDA BIAFORE (VICE PRESIDENT)
People named in this filing
- CLIFTON JACKSON (PRESIDENT)
- TIMOTHY DAWSON (SECRETARY)
- KEVIN O'CONNOR (TREASURY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Revitalizing neighborhoods and providing affordable housing opportunities for low to moderate income households.
What it reported doing in 2020
The partnership's program goal is to revitalize neighborhoods and provide affordable housing opportunities for low to moderate income households. This is accomplished through providing affordable rental units within the targeted neighborrhood areas.
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 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 available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 82
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.1%; rating input score 37
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: $32.84 raised per $1 spent on fundraising; rating input score 67; 67th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 46.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 10.87; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: -8.7% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 37.1% of revenue deployed · 69% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $405K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 1 contractor listed · $568K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2015 to 2020
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.