Treasure Coast Homeless Services Council Inc

Nonprofit profile at a glance

EIN
522254571
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Vero Beach, FL, USA
Phone
7725677790
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$6,383,122
Expenses
$6,624,672
Assets
$5,218,335
Liabilities
$551,950

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

Leadership & pay

8 people listed

Executive titles in this filing

  • RAYME NUCKLES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RAYME NUCKLES (EXECUTIVE DIRECTOR): $136,600 total reported compensation

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 treasure coast homeless services council is to prevent and end homelessness on the treasure coast and to assure that if homelessness happens, it is brief and non-recurring.

What it reported doing in 2024

The department of community affairs awarded a neighborhood stabilization program community development block grant (nsp) to indian river county to acquire, rehabilitate, and accept title to and manage housing unit rentals, for which the council entered into a contract with indian river county to serve as developer. As a result, the council acquired and rehabilitated, in cooperation with indian river county, sixteen houses debt free. Eleven houses serve the purpose of benefitting households with household incomes not exceeding 50 percent of the area median income. The additional five houses benefit households with household incomes not exceeding 120 percent of the area median income. Beginning in 2014, the council entered into a subrecipient contract with st. Lucie county to serve as the owner and manager of rental properties under an nsp grant awarded to st. Lucie county by the department of community affairs. As a result, st. Lucie county transferred ownership of 11 properties in st. Lucie county to the council debt free. All eleven properties serve the purpose of benefitting households with household incomes not exceeding 50 percent of the area median income.

Operating model

Revenue model
Grant-funded. 60% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.5%; rating input score 99
  • Program expense ratio: 95.8%; rating input score 96
  • Fundraising efficiency: $454.52 raised per $1 spent on fundraising; rating input score 95; 95th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.8%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 15.7% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 99.5% of revenue deployed · 95.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $6.3M in reported program spending
  • Leadership: top reported pay $137K · 8 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 22/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.