Waypoint Services

Nonprofit profile at a glance

EIN
420680307
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cedar Rapids, IA, USA
Phone
3193651458
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Young Men's or Women's Associations

Official website

Reported finances

Revenue
$10,234,550
Expenses
$10,205,776
Assets
$12,503,690
Liabilities
$271,467

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

Leadership & pay

22 people listed

Executive titles in this filing

  • JAYE KENNEDY (CEO)
  • BRITTNEY CLARKE (PRESIDENT)
  • PAUL ESKER (PRESIDENT ELECT)

Highest reported compensation

  • JAYE KENNEDY (CEO): $133,832 total reported compensation
  • MICHAEL WEAVERLING (CFO): $100,685 total reported compensation
  • AUTUMN PAINE (CHIEF MARKETING & DEVELOPMENT OFFICER): $99,650 total reported compensation

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

Overview

Mission

Waypoint inspires people to move forward

What it reported doing in 2024

Rapid rehousing and homeless prevention services: this program provides nearly homeless or homeless households support to keep them in their homes or find other affordable housin. The funds are not intended to provide long-term financial support, but short-term and medium-term assistance in order to maintain stability. In the 2025 fiscal year, waypoint supported 3,104 individuals in securing affordable housing through rapid-rehousing services and homless prevention services. Survivors program: this program provides support to indiviudals who have lost a family member or friend through homicide or vehicular homicide. The program also supports victims of violet felony crimes such as kidnapping, robbery, and attepted murder. Services include emergency crisis intervention, legal and criminal justice, system navigation, advocacy, support groups and information and referrals based on needs. For fy25, 450 individuals were served.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.5%; rating input score 86
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $31.63 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.3%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 85.5% of revenue deployed · 85.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.7M in reported program spending
  • Leadership: top reported pay $134K · 22 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • 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.
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 34/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.