Utuqqanaaqagvik Incorporated

Nonprofit profile at a glance

EIN
870696598
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Nuiqsut, AK, USA
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$21,267
Expenses
$154,205
Assets
$2,383,136
Liabilities
$47,584

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARGARET PARDUE (PRESIDENT)

People named in this filing

  • MARGARET PARDUE (PRESIDENT)
  • CAROLYN AHKIVIANA (VICE PRESIDE)
  • RHODA BENNETT (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Utuqqanaaqagvik inc. Is a single-purpose, non-profit entity. Utuqqanaaqagvik, inc is dedicated to the development, construction and management of safe, affordable housing exclusively for low-income elders, age sixty-two and older, in the village of nuiqsut. The organization's primary exempt purpose is the construction, management, and management of senior housing facility subsidized through hud section 202 program. As of september 30, 2011, the 202 capital advance note has been satisfied and the capital advance requirement under section 202 of the u.s. Housing act and its implementing regulations and the terms of regulatory agreement, use agreement, and the project rental assistance contract (prac) are no longer applicable and are not enforceable by department of housing urban developemnt (hud).

What it reported doing in 2016

The construction of 5-plex in nuiqsut has been completed. At the end of current fiscal year, 3 units have been occupied by low-income elder tenant, and 2 units have been vacant.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 64th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -625.1%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 15.45; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: -11% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: -38.2% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 32nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $154K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.