Loving Hands Childrens Home

Nonprofit profile at a glance

EIN
465661758
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Woodland Hills, CA, USA
Phone
4247819184
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Temporary Housing

Reported finances

Revenue
$437,160
Expenses
$429,703
Assets
$-134,611
Liabilities
$-145,127

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Janiece Finney (Executive Director)
  • Helen Finney (President)

Highest reported compensation

  • Janiece Finney (Executive Director): $28,800 total reported compensation

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

Overview

Mission

Provide loving home environment, continuity of care, and empowerment of displaced and fragile children.

What it reported doing in 2024

Youth Empowerment Program teaches valuable independent living skills. We empower and teach older foster youth the important life skills necessary to make a smooth traction into adulthood, granting our clients increased relationship skills, enhanced self esteem, self confidence, improved behavior and interpersonal skills, better decision making & problem solving skills and trusted adults to turn to when in need. We aim to improve the lives of children and teens in foster care, those transitioning out of the foster system, as well as support families. We have developed programs designed to promote more positive life outcomes and to amplify potential outcomes for our youth. When youth are granted access to information & resources and are able to share regular positive interactions with trusted adults, there is a significant decrease in the likelihood of drug and/or alcohol abuse, crime and under age pregnancy. We served 725 children. We also added a 5-acre Calabasas location to create a Therapeutic Recreation Space, and a Greenbush location to hold Youth Empowerment events and swim classes for youth.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Accountability: 90
  • Sustainability: 24
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.9%; rating input score 84
  • Program expense ratio: 85.4%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 1.7%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: -0.31; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.7%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: Limited

Details

  • Where the money goes: 83.9% of revenue deployed · 85.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $367K in reported program spending
  • Leadership: top reported pay $29K · 7 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.