United Church Residences of Olean
Nonprofit profile at a glance
- EIN
- 311372021
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Marion, OH, USA
- Phone
- 7403824885
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
- Affiliation
- Christianity
Reported finances
- Revenue
- $364,561
- Expenses
- $372,823
- Assets
- $1,149,752
- Liabilities
- $2,414,925
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 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 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: 31
- Transparency & Controls: 69
- Accountability: 76
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.6%; rating input score 35
- Program expense ratio: 34.9%; rating input score 35
- 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: -2.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 2.1; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 32.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -5.8% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 34.6% of revenue deployed · 34.9% of spending went to programs
- Governance: 6 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $462K · 12 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.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- 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 34/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 10/100.