Ucc Xxii Inc
Nonprofit profile at a glance
- EIN
- 810716477
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Long Prairie, MN, USA
- Phone
- 7403824885
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $474,830
- Expenses
- $465,659
- Assets
- $1,966,775
- Liabilities
- $1,154,246
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 Fagan Jr (Vice President)
Highest reported compensation
- John Renner (Treasurer): $462,483 total reported compensation
- Terry Spitznagel (Secretary): $459,103 total reported compensation
- Daniel C Fagan 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 Safe and Affordable Housing to Low-Income Elderly and/or Handicapped Persons.
What it reported doing in 2024
The sole purpose is to provide subsidized apt rental housing to approximately 29 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 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: 13
- Transparency & Controls: 69
- Accountability: 76
- Sustainability: 46
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.9%; rating input score 15
- Program expense ratio: 15.2%; rating input score 15
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 75%; rating input score 75; 20th 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: 1.9%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 4.22; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 25.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -23.6% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 14.9% of revenue deployed · 15.2% of spending went to programs
- Governance: 6 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $71K in reported program spending
- Leadership: top reported pay $462K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 15/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 14/100.