Triple C Housing Inc

Nonprofit profile at a glance

EIN
222350429
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
North Brunswick, NJ, USA
Phone
7326586636
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$8,556,819
Expenses
$6,859,030
Assets
$22,973,056
Liabilities
$12,256,852

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

Leadership & pay

14 people listed

Executive titles in this filing

  • LESLIE STIVALE (PRESIDENT / CEO)

Highest reported compensation

  • LESLIE STIVALE (PRESIDENT / CEO): $234,472 total reported compensation
  • KIM EWELL (CHIEF OPERATING OFFICIER): $193,163 total reported compensation
  • PAUL KILEY (CONTROLLER): $186,489 total reported compensation

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

Overview

Mission

To provide permanent supportive housing opportunities coupled with innovative support services empowering indivduals to live independently with dignity and to fullfull their utmost potential.

What it reported doing in 2024

As a certified community housing development organization (chdo), triple c housing is committed to continuing the development and expansion of low-income and other affordable housing opportunities to assure the community integration for the populations it serves. The corporation also partners with developers of affordable (including low-income) housing to provide housing and/or supportive services to their tenants and assist in securing the funding for acquisition, construction and/or substantial rehabilitation of such housing.expenses and revenue reported on statement of functional expense.

Operating model

Revenue model
Grant-funded. 62% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.8%; rating input score 71
  • Program expense ratio: 88%; rating input score 88
  • Fundraising efficiency: $122.17 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.8%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 3.35; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 70.8% of revenue deployed · 88% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6M in reported program spending
  • Leadership: top reported pay $234K · 14 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $245K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 5 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.

Key Signals

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

  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.