Twelfth Street Heritage Development Corporation
Nonprofit profile at a glance
- EIN
- 431360031
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Kansas City, MO, USA
- Phone
- 8162166242
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $840,943
- Expenses
- $896,708
- Assets
- $70,726
- Liabilities
- $8,975
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DWAYNE WILLIAMS (PRESIDENT/CEO)
Highest reported compensation
- DWAYNE WILLIAMS (PRESIDENT/CEO): $116,601 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 quality, stable, and affordable housing through real estate development and housing rehabilitation services, and to improve the quality of life for residents in our service area.
What it reported doing in 2024
Re-entry prevention program, a community-driven initiative designed to provide meaningful opportunities and support for individuals facing barriers to stable employment and reintegration into society. This program specifically serves three key groups 1 individuals recently released from incarceration, 2 those at risk of entering the justice system who are seeking preventive measures to change their trajectory, 3 individuals who have difficulty maintaining employment and need structured discipline and guidance to succeed in the workforce. Participants in the program are employed to perform lawn care and landscaping services in the community, addressing abandoned and overgrown lots through a partnership with the city. This work beautifies the community, revitalizes neglected spaces, and includes assistance for elderly residents who are unable to maintain their properties. The program not only instills a strong work ethic and responsibility but also contributes to the overall safety and aesthetics of the community.
Operating model
- Revenue model
- Earned-program. 98% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 85
- Accountability: 74
- Sustainability: 19
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.1%; rating input score 57
- Program expense ratio: 53.5%; rating input score 54
- Fundraising efficiency: $0.44 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: Fail
Sustainability
- Operating margin: -6.6%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 15.6% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: -2.9% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 57.1% of revenue deployed · 53.5% of spending went to programs
- Governance: 4 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $480K in reported program spending
- Leadership: top reported pay $117K · 5 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2018 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 2/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.