Welcome House Inc

Nonprofit profile at a glance

EIN
611020382
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Covington, KY, USA
Phone
8594318717
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Homeless Shelters

Official website

Reported finances

Revenue
$8,675,513
Expenses
$6,594,420
Assets
$15,673,801
Liabilities
$804,875

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

Leadership & pay

23 people listed

Executive titles in this filing

  • DANIELLE AMRINE (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • DANIELLE AMRINE (CHIEF EXECUTIVE OFFICER): $144,898 total reported compensation
  • BRIAN VAN ARSDALE (CHIEF OPERATING OFFICER): $125,394 total reported compensation

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

Overview

Mission

Welcome house provides a continuum of services to end homelessness and promote stability for each person we serve.

What it reported doing in 2024

This housing and supportive services service area includes the operation and oversight of a variety of assisted housing projects as well as the representative payee financial services program. The housing projects include two rapid re-housing rental assistance programs, a homeless prevention rental assistance program, a scatter-site permanent supportive housing project, an 8-unit site-based supportive housing program (king's crossing) and a tenant based rental assistance program. This service area also provides supportive services and oversight to the gardens at greenup apartments (20-unit complex). The representative payee program helps individuals receiving government benefits (ssi, ssdi) to budget and manage their day-to-day expenses. Our staff works to help participants maintain housing stability and increase their quality of life by managing funds, paying bills, and planning for both daily and long-term needs of program participants.

Operating model

Revenue model
Grant-funded. 61% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.6%; rating input score 63
  • Program expense ratio: 79.6%; rating input score 80
  • Fundraising efficiency: $44.21 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

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: Yes; rating input score 100

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: 24%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.38; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 8.4% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 62.6% of revenue deployed · 79.6% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $5.2M in reported program spending
  • Leadership: top reported pay $145K · 23 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 6 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.