Volusiaflagler County Coalition for the Homeless Inc
Nonprofit profile at a glance
- EIN
- 161649078
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Daytona Beach, FL, USA
- Phone
- 3862790029
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeless Centers
Reported finances
- Revenue
- $3,358,062
- Expenses
- $3,326,489
- Assets
- $2,869,239
- Liabilities
- $305,522
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LORETTA WILARY (PRESIDENT)
- NICOLE SHARBONO (VICE PRESIDENT)
- HARRY COLE (EXECUTIVE DIRECTOR)
Highest reported compensation
- HARRY COLE (EXECUTIVE DIRECTOR): $96,686 total reported compensation
- SOLINKA MCINTOSH (DIRECTOR OF OPERATIONS): $69,146 total reported compensation
- VICTORIA BROWN-SEARLE (COORD. ENTRY SYSTEM MGR): $51,979 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable or educational purposes related to services for persons experiencing homelessness and persons at risk of homelessness in the service area. In pursuance of the foregoing purposes, vfcch shall facilitate and coordinate the provision of prevention, outreach, emergency shelter, transitional housing, bridge housing, permanent housing, coordinated entry, and/or supportive services for persons experiencing homelessness and persons at risk of homelessness as well as the provision of safe, decent housing that is affordable to low-to-moderate income people.
What it reported doing in 2024
Continuum of care - the organization exists to provide the administrative function of surveying needs, assessing services provided by agencies, preparation of grant applications, formulation of strategies to eliminate duplication of services, fill in gaps of services, facilitate overall the provision of shelter and supportive services that meet the needs of homeless persons.
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 63% of its reported program spending out as grants.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 85.3% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $97K · 11 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 7 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.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.