Yw Homes Inc
Nonprofit profile at a glance
- EIN
- 631205100
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Birmingham, AL, USA
- Phone
- 2053229922
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $695,824
- Expenses
- $429,601
- Assets
- $4,578,736
- Liabilities
- $4,650,925
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ANDREA MCCASKEY (VICE PRESIDENT/SECRETARY)
- MONICA ROMANO JAN 24-JULY 24 (INTERIM CEO)
- RASHEDA WORKMANAUG 2024-PRESENT (CEO)
Highest reported compensation
- MONICA ROMANO JAN 24-JULY 24 (INTERIM CEO): $132,535 total reported compensation
- RASHEDA WORKMANAUG 2024-PRESENT (CEO): $62,002 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and provide affordable housing to low to moderate income families
What it reported doing in 2024
Yw homes, inc. Is a hud recognized community housing development (chdo) organization that provides affordable rental housing to low/moderate income individuals and families.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 69
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.9%; rating input score 59
- Program expense ratio: 95.3%; rating input score 95
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 38.3%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 10.66; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -1.1% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -4.3% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 58.9% of revenue deployed · 95.3% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $410K in reported program spending
- Leadership: top reported pay $133K · 4 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.