Vintage Housing Inc

Nonprofit profile at a glance

EIN
731473840
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Tulsa, OK, USA
Phone
9186649000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$4,267,226
Expenses
$4,841,103
Assets
$53,934,760
Liabilities
$40,338,177

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

Leadership & pay

10 people listed

Executive titles in this filing

  • BILL EAGLETON (PRESIDENT)
  • EILEEN BRADSHAW (PRESIDENT AN)

Highest reported compensation

  • EILEEN BRADSHAW (PRESIDENT AN): $243,405 total reported compensation
  • BILL COPELAND (CFO): $192,214 total reported compensation
  • ALYSHA HILTBRAND (HR DIRECTOR): $114,014 total reported compensation

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

Overview

Mission

Develop safe, attractive, affordable housing for seniors in an environment that sustains independence and supports residents as they age in place.

What it reported doing in 2024

Vintage housing, inc. (vhi) develops safe, attractive, affordable housing for seniors in an environment that sustains independence and supports residents as they age. Through its affiliation with life senior services, vintage housing is able to offer residents access to additional aging supports, such as case management and medical care through the affiliated life pace program. Nineteen apartment communities in tulsa (7), jenks, sapulpa, bristow, skiatook, coweta, broken arrow (2), bixby, collinsville (2), glenpool, and sand springs are designed for independent senior living. Rents are restricted to below-market levels as determined by the u.s. Department of housing and the urban development (hud) and residents must earn 60% or less of the area median income to qualify. Vintage housing' property management company, vintage management, manages 18 of the 19 properties to better respond to its residents' needs, ensure properties are well mantained, and provide its stakeholders with timely information. Vhi is the general partner of five limited partnerships which were organized to develop or rehabilitate and operate senior independent living apartment complexes and is the full owner of fifteen housing projects, twelve of which are held in separate llcs. Heritage landing and kenosha landing are divisions of vhi. The thirteen separate llcs operate under the dbas of autumn park, cardinal heights, carriage crossing, cornerstone village, country oaks, park village, pioneer village, prarie village, redbud village, vandever house, west oak village, whittier villas and woodland village.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.6%; rating input score 91
  • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: -13.4%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 11.14; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.4M in reported program spending
  • Leadership: top reported pay $243K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 21 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.