Yellow Springs Home Inc
Nonprofit profile at a glance
- EIN
- 311656193
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Yellow Springs, OH, USA
- Phone
- 9377672790
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $1,025,341
- Expenses
- $866,128
- Assets
- $5,979,279
- Liabilities
- $4,162,991
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHRISTOPHER BONGORNO (PRESIDENT)
- LELA KLEIN (VICE PRESIDENT)
People named in this filing
- KEVIN MCGRUDER (INTERIM TREASURER)
- DERRICK GARRETT (TRUSTEE)
- STEPHANIE RICHARDS (TRUSTEE)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to strengthen community anddiversity in yellow springs and miami township by providing permanently affordable andsustainable housing through our community land trust.
What it reported doing in 2024
The cascades phase 1 broke ground in august of 2024 and will result in eight units of rental housing serving seniors of low-income. The $2.3 million project was 7.5% complete by the end of 2024, including site clearing and grading, pouring foundations, and installing rough plumbing. Years in the making, phase 1 was funded by Ohio housing trust fund dollars through the Ohio housing finance agency, the Ohio department of developmental disabilities, the village of yellow springs, the federal home loan bank of cincinnati, wright patt credit union, the Ohio community development finance fund, centerpoint energy foundation, the dayton foundation, and yellow springs home, inc. More than 300 households are on the rental interest list, evidencing pent-up demand. Fundraising for phase 2, six units, was also underway in 2024. Site development financing was provided through the national housing trust to build out infrastructure serving all four project phases, a total of 32 units. All units will be part of the community land trust with lasting affordability and shared governance.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% 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 and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 94
- Accountability: 83
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.2%; rating input score 67
- Program expense ratio: 79.4%; rating input score 79
- Fundraising efficiency: $22.05 raised per $1 spent on fundraising; rating input score 61; 61st 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; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.5%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 6.9; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 18.1% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 15.4% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 15% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 67.2% of revenue deployed · 79.4% of spending went to programs
- Governance: 10 of 11 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $688K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.