The Housing League Inc

Nonprofit profile at a glance

EIN
650841175
IRS 990 coverage
2013–2020
Forms available
Form 990 2020
Location
Vero Beach, FL, USA
Phone
3059623203
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Rehabilitation

Official website

Reported finances

Revenue
$3,771,376
Expenses
$4,575,290
Assets
$4,626,123
Liabilities
$3,426,963

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Sandy Flick (President)
  • Jerry G Flick (CEO)

Highest reported compensation

  • Sandy Flick (President): $133,371 total reported compensation
  • Jerry G Flick (CEO): $77,286 total reported compensation
  • Evelyn Guas Cruz (Secretary): $51,400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Housing League Inc. provides affordable housing for sale to low to moderate income families by working to create opportunities for families and individuals that typically would not have a chance at home ownership. The refurbishment, preservation, and safe and sanitary improvement to affordable rental properties in a cost-effective fashion strengthens the civic structure by empowering economically disadvantaged families to improve their quality of life and feeling of community.

What it reported doing in 2020

The Housing League is a mission driven affordable housing provider focused on the Florida markets. The organization's primary activity is to purchase foreclosed properties directly from the lenders, renovate and resell. These properties are marketed specifically to owner occupied buyers who qualify as low to moderate income according to HUD guidelines. Additional housing will be constructed for this purpose in future years. The timeline for new construction is based on economics and market conditions.

Operating model

Revenue model
Earned-program. 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 90
  • Accountability: 5
  • Sustainability: 20
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 11
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.3%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: -5.3% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84% of spending went to programs
  • Governance: 0 of 6 board members independent · 1 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $3.8M in reported program spending
  • Leadership: top reported pay $133K · 6 people listed
  • Highest-paid contractors: 2 contractors listed · $213K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2013 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.