Travelers Rest Housing Development Fund Company Inc
Nonprofit profile at a glance
- EIN
- 562333973
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2128621399
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $162,684
- Expenses
- $142,629
- Assets
- $419,145
- Liabilities
- $581,045
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Pastor Ronne L Faison (President)
- Mary Lopez (Vice President)
People named in this filing
- Pastor Ronne L Faison (President)
- Mary Lopez (Vice President)
- Racheal Oden (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizatiOn was organized to provide housing to indigent families. its purpose is to relieve congestion and overcrowding in housing among poor families, mentally disadvantaged persons and the homeless. the primary mission is to increase housing opportunities for indigent people in nyc.
What it reported doing in 2024
The organization provides housing services to indigent families to relieve congestion and overcrowding in housing among the poor and provides housing opportuniites for the homeless and other disadvantaged persons.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 63
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.1%; rating input score 78
- Program expense ratio: 89.1%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 12.3%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 2.94; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 1.39; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: -6.8% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 78.1% of revenue deployed · 89.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $127K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- 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.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.