Penny Lane Centers

Nonprofit profile at a glance

EIN
952633765
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
North Hollywood, CA, USA
Phone
8188923423
Rating
90
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$66,651,463
Expenses
$65,087,547
Assets
$48,926,016
Liabilities
$13,817,713

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

Leadership & pay

19 people listed

Executive titles in this filing

  • Adrienne S Khorasanee (President)
  • Katrina Rosale (Vice President)
  • Wendy Carpenter (CEO)

Highest reported compensation

  • Wendy Carpenter (CEO): $447,315 total reported compensation
  • Bernie La Fianza (CFO): $351,048 total reported compensation
  • Rosana La Fianza (Chief Operations Officer): $349,453 total reported compensation

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

Overview

Mission

Penny Lane Centers ("Penny Lane") is a public non-profit organization established in 1969 and has been serving the community since. Its mission is to foster hopes and dreams and transforming lives by empowering children, youth, and families to reach their highest potential. Penny Lane provides, foster family home placement for boys and girls of all ages, a variety of community based services as well as services for those in our transitional housing and permanent housing programs. Penny Lane also offers a variety of outpatient mental health services in its 4 primary locations in Los Angeles County.

What it reported doing in 2024

The Family Preservation Program: Goal is to keep the family united by providing In-Home Outreach Counseling services that will assist, support, inform and educate the family and is a collaborative effort between the Department of Children and Family Services (DCFS), Department of Mental Health (DMH), Department of Probation and Penny Lane Centers. During the year covered, 269 families were served.Substance Use Disorder Residential & Outpatient funded by SAPSE - Penny Lane Centers is dedicated to working with adolescents, adults and families struggling with alcohol and other drug use. Our goal is to assist individuals along their journey in recovery. We believe in working on the core issues of substance and alcohol use by utilizing proven evidenced based practices that promote and sustain clean and sober living.Unarmed Model Crisis Response: Provide mobile crisis response services to as-needed requests from 911 operators regarding non-violent situations that occur in the City of Los Angeles that have a social services impact and would benefit from personnel trained in conflict resolution, de-escalating techniques, and other non-violent approaches.

Operating model

Revenue model
Grant-funded. 94% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 94% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94%; rating input score 94
  • Program expense ratio: 96.2%; rating input score 96
  • Fundraising efficiency: $77.96 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.3%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 94% of revenue deployed · 96.2% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $62.6M in reported program spending
  • Leadership: top reported pay $447K · 19 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.