Golden Rain Foundation of Laguna Woods

Nonprofit profile at a glance

EIN
952366569
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Laguna Woods, CA, USA
Phone
7145974229
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$38,081,035
Expenses
$34,102,210
Assets
$77,229,873
Liabilities
$12,807,946

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

21 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop and maintain facilities and services for the community areas of laguna woods village, exclusive of housing areas, and to operate the community facilities to provide various community-wide services as an integral portion of this senior citizens community.

What it reported doing in 2010

Provided educational and informative broadcasts of city and community news, community board and city council meetings, and educational programs. Community news, board meetings, and special meetings are provided with closed-captioning. For 2010, provided broadcasts: >promoting healthy living and safety, such as exercise and fitness programs, health and memory tips, and disaster financial scams perpetrated against the senior population; >promoting recreational activities, such as golf instruction, bridge tips, musical variety programs and local entertainment; >providing various other topics such as home caregiver service, fire safety, water conservation, security, as well as produce public services announcements for the betterment of the community. Provided internet access.

Operating model

Revenue model
Other-operating. 79% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 78
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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: 100%; rating input score 100; 70th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.4%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.26; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 97; 97th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $27.8M in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 7 not reported.