Renewed Destiny Inc
Nonprofit profile at a glance
- EIN
- 261875174
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Inglewood, CA, USA
- Phone
- 4244209871
- Rating
- 28
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $263,047
- Expenses
- $270,859
- Assets
- $23,606
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DANIELLE WILLIAMS NWANI (CEO)
Highest reported compensation
- DANIELLE WILLIAMS NWANI (CEO): $61,249 total reported compensation
- UCHECHUKWU NWANI (CFO): $60,639 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Renewed destiny inc is a youth and community organization that believes in impacting and empowering our local communities through volunteerism and goodwill. We are dedicated and aspire to a make every effort to change lives and restore hope
What it reported doing in 2024
Dream together: school uniform/back to school assistance
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
REVIEW - The strongest available result is that the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 17
- Transparency & Controls: 58
- Accountability: 0
- Sustainability: 27
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.1%; rating input score 19
- Program expense ratio: 18.6%; rating input score 19
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 0%; rating input score 0; 19th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 0 of 9 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 45%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 70.1% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -27.9% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 19.1% of revenue deployed · 18.6% of spending went to programs
- Governance: 0 of 3 board members independent · 0 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $50K in reported program spending
- Leadership: top reported pay $61K · 3 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Accountability: Governance controls: 8 of 8 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 5/100.