UCC IV Inc
Nonprofit profile at a glance
- EIN
- 311424291
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Marion, OH, USA
- Phone
- 7403824885
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $513,474
- Expenses
- $616,387
- Assets
- $1,065,831
- Liabilities
- $3,448,948
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Cathy Green (President)
- Daniel C Fagen Jr (Vice President)
Highest reported compensation
- John Renner (Treasurer): $462,483 total reported compensation
- Terry Spitznagel (Secretary): $459,103 total reported compensation
- Daniel C Fagen Jr (Vice President): $213,228 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 Senior Housing for Low-Income Persons
What it reported doing in 2024
The Sole Purpose is to Provide Subsidized Apt Rental Housing to Approximately 64 Low-Income Elderly and/or Handicapped Persons through the U.S. Department of HUD Sec. 202 Program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. 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: 29
- Transparency & Controls: 69
- Accountability: 62
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.2%; rating input score 35
- Program expense ratio: 29.3%; rating input score 29
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.73; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 3.24; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 19.4%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: -6.8% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -3.8% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 35.2% of revenue deployed · 29.3% of spending went to programs
- Governance: 4 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $181K in reported program spending
- Leadership: top reported pay $462K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 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 — Financial Efficiency: Mission deployment rate scored 35/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 16/100.