Housing & Shelter
(L20)
990 on File
TURNSTONE DEVELOPMENT CORPORATION
Financial strength (30%)
75/100
Reliability (20%)
55/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$3.0M
Total Revenue
$2.0M
Total Expenses
$26.6M
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.2%
Fundraising Efficiency
N/A
Operating Reserve
156.01x
Liability-to-Asset
45.6%
Revenue Diversification
91.4%
Executive Compensation
$460K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations
(United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.2% | 87.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.8% | 10.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
156.0 mo | 12.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.6% | 39.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.4% | 89.9% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-37.7% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
28.1% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
30.8% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.0M | $2.0M | $26.6M | 75.2% | 3 |
| 2023 | $4.7M | $1.6M | $25.7M | 57.9% | 4 |
| 2022 | $8.2M | $1.6M | $20.2M | 92.1% | 4 |
| 2021 | $782K | $1.4M | N/A | — | 4 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.