The Homestead at Coon Rapids Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

23 people listed

KING MICHAEL W (PRESIDENT): $868,407 total reported compensation
NISIVOCCIA DAVID (ASST. TREASURER/ASST. SEC): $516,603 total reported compensation
BUDZYNSKI JOSEPH A (ASST. TREASURER/ASST. SEC): $465,439 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

See schedule o

The homestead at coon rapids, inc. Provides healthcare and assisted living services in Minnesota for seniors and those with disabilities.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

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

Independent voting board: 93.3%; rating input score 93; 28th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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

Operating margin: -24,227.7%; rating input score 1; 1st percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 3,855.5%; rating input score 1; 1st percentile among comparable filings

Program expense growth: -6.9% per year; rating input score 0; 34th percentile among comparable filings
Revenue growth: 6.6% per year; rating input score 100; 81st percentile among comparable filings
Asset growth: -8.3% per year; rating input score 0; 15th percentile among comparable filings

Where the money goes: 100% of spending went to programs
Governance: 14 of 15 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment · $16K in reported program spending
Leadership: top reported pay $868K · 23 people listed · 0 of 6 pay-setting controls reported
Consistency: 14 of 14 current checks pass
Schedules: 5 filed schedules · includes executive pay
Filing history: 7 filing years from 2018 to 2024
Contacts: How to reach this organization
Related organizations: 187 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.

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