The Rodney Scheel House Foundation Ltd

Nonprofit profile at a glance

EIN
391742330
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Madison, WI, USA
Phone
6082839448
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Official website

Reported finances

Revenue
$322,867
Expenses
$320,834
Assets
$1,190,687
Liabilities
$1,597,786

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

Leadership & pay

7 people listed

Executive titles in this filing

  • NICOLE SOLHEIM (PRESIDENT)
  • KAITLIN KONYN (VICE PRESIDENT)

People named in this filing

  • NICOLE SOLHEIM (PRESIDENT)
  • KAITLIN KONYN (VICE PRESIDENT)
  • CARLOS MARQUEZ (TREASURER & SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the rodney scheel house foundation is to make available affordable apartments to be known as the rodney scheel house, where low-income families with a member disabled by HIV can make their home and live independently in a caring community.

What it reported doing in 2024

The rodney scheel house foundation operates a 23-unit apartment complex for people disabled by HIV/AIDS. The complex offers efficiency, one- and two-bedroom apartments with central air-conditioning, personal washer and dryer, and off-street parking near bus lines and shopping. We operate on the principle that a community is a place where a person can be the best he or she can be, as well as the people to help accomplish what one can't do alone. Residency at rodney scheel house is offered without regard to race, color, religion, gender, age, sexual orientation, national origin, or ancestry. The rodney scheel house works with the residents to identify, offer, and make affordable various support services that are appropriate to the individual's needs. Our physical environment offers apartments designed and maintained to accommodate the needs of persons living with HIV, their families, and caregivers. We also offer a welcoming community space allowing for activities and communal meals. We have a beautiful community garden and well-kept landscaping, further promoting community activities. There are two buildings, one having six units, and the other having 17 units, with a community room and two offices. There are nine efficiency, nine one bedroom and five two-bedroom units. To be eligible, residents must have a member of the household living with HIV/AIDS and have a household income at or below 50% of the county median income level. Rent for these apartments can be no more than 30% of the tenants' income, with the remaining funds being provided by rental assistance.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
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 a large share of available resources goes toward mission work. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 49
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 72.4%; rating input score 72
  • 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: 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: 6 of 7 controls in place; rating input score 86
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.6%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 3.71; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 1.34; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 72.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $232K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.