Upward Bound House

Nonprofit profile at a glance

EIN
954288926
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Santa Monica, CA, USA
Phone
3104587779
Rating
83
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$9,721,807
Expenses
$9,764,852
Assets
$13,781,845
Liabilities
$2,475,558

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

Leadership & pay

17 people listed

Executive titles in this filing

  • CINDY MAROUN (PRESIDENT)
  • GLENDA MARTINEZ (VICE PRESIDENT)
  • CHRISTINE MIRASY-GLASCO (CEO & PRESIDENT)

Highest reported compensation

  • CHRISTINE MIRASY-GLASCO (CEO & PRESIDENT): $261,046 total reported compensation
  • TARA BROWN (DIRECTOR OF ADMIN): $145,804 total reported compensation
  • ERIC SARKISYAN (CFO (AS OF 9/2024)): $52,429 total reported compensation

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

Overview

Mission

Our mission is to eliminate homelessness among families with children in our community by providing housing, supportive services, and advocacy. Our central goal is to empower every homeless family, regardless of their background and barriers, to achieve self-sufficiency and lead productive, fulfilling lives. We seek to accomplish this goal through a comprehensive range of services tailored to individual needs, with a focus on promoting the objectives of family strengthening, educational achievement, gainful employment, and permanent housing.

What it reported doing in 2024

Permanent housing - south los angeles housing stability program - the program consists of emergency shelter (4 facilities in south la) and rapid rehousing (rrh) services for homeless families. The organization operates its rrh services from offices located within the compton unified school district and the first united methodist church of compton. The 4 emergency shelters offer 24-hour crisis housing, and wraparound services, for up to 4 to 5 months per family. Rrh moves homeless families from shelters into permanent housing as quickly as possible by providing proactive landlord outreach and housing search assistance, coupled with individualized financial assistance (e.g. Security deposits, short-term rent subsidies). Once in housing, families participate in time-limited, intensive, in-home services designed to address parent, child and family barriers to housing and school stability, economic security and overall well-being. The organization closely collaborates with the spa 6 family solutions center operated by ssg/hopics to accept referrals and coordinate services.

Operating model

Revenue model
Grant-funded. 77% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92%; rating input score 92
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: $20.23 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.4%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 1.41; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 15.6% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 92% of revenue deployed · 91.4% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $8.9M in reported program spending
  • Leadership: top reported pay $261K · 17 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.