Warden Farm Homes Incorporated

Nonprofit profile at a glance

EIN
237056268
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Warden, WA, USA
Phone
5093497245
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$238,139
Expenses
$208,945
Assets
$657,941
Liabilities
$348,037

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GEORGE PHILLIPS (PRESIDENT)
  • KEVIN WHITAKER (VICE PRESIDENT)

People named in this filing

  • GEORGE PHILLIPS (PRESIDENT)
  • KEVIN WHITAKER (VICE PRESIDENT)
  • DIANNA PHILLIPS (SECRETARY/TREAS)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rental of apartment units to elderly low and moderate income persons. Tenant rents are subsidized through sections 515 (a) and 521 (a) assistance payment program.

What it reported doing in 2023

Rental of 25 apartment units to low and moderate income elderly persons; apartments were built and are operated under the provisions of the national housing acts; tenant rents are subsidized through sections 515 (a) and 521 (a) assistance programs.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 31
  • Sustainability: 61
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.3%; rating input score 78
  • Program expense ratio: 89.2%; rating input score 89
  • 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.3%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 3.15; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 2.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: -1.1% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 78.3% of revenue deployed · 89.2% of spending went to programs
  • Governance: 1 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $186K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2023
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.