West Hollywood Community Housing Corp

Nonprofit profile at a glance

EIN: 954122368
IRS 990 coverage: 2013–2024
Forms available: Form 990 2024
Location: West Hollywood, CA, USA
Phone: 3236508771
Rating: 78
Verdict: SUPPORTED
Rating confidence: Standard
Sector: Housing Development, Construction, Management

Reported finances

Revenue: $7,391,391
Expenses: $4,980,843
Assets: $30,249,983
Liabilities: $14,433,199

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

Leadership & pay

17 people listed

Executive titles in this filing

JESSE SLANSKY (President & CEO)

Highest reported compensation

JESSE SLANSKY (President & CEO): $329,490 total reported compensation
ANUP PATEL (Dir of RE Dev): $183,479 total reported compensation
DANIEL PEPPER (Dir of Res Service): $149,563 total reported compensation

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

Overview

Mission

The organization develops and operates high quality affordable housing and provides resident services for low-income families, seniors and people with special needs.

What it reported doing in 2024

The Organization's low-income housing development program includes the planning, acquisition, coordination of financing, construction and rehabilitation of new and existing affordable housing properties that have long-term affordability covenants for extremely low, very low and low income residents. The Organization also provides critical voluntary support services to its residents to facilitate their mental, emotional and physical well-being. The Organization and affiliates has 22 affordable housing properties with a total of 785 units actively operating with 5 more properties in development. Since its founding in 1986, the Organization has developed 865 units.

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.

Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

Financial Efficiency: 64
Transparency & Controls: 79
Accountability: 100
Sustainability: 70
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 56%; rating input score 56
Program expense ratio: 81.1%; rating input score 81
Fundraising efficiency: $14.37 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
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; 63rd 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: 32.6%; rating input score 86; 86th percentile among comparable filings
Total-asset coverage ratio: 6.07; rating input score 86; 86th percentile among comparable filings
Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
Officer compensation ratio: 21.5%; rating input score 11; 11th percentile among comparable filings

Growth

Program expense growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
Asset growth: 11.3% per year; rating input score 100; 63rd percentile among comparable filings

Details

Where the money goes: 56% of revenue deployed · 81.1% of spending went to programs
Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $4M in reported program spending
Leadership: top reported pay $329K · 17 people listed · 2 of 6 pay-setting controls reported
Consistency: 32 of 32 current checks pass
Schedules: 7 filed schedules · includes major donors and executive pay
Filing history: 11 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 6 filed money-flow records
Related organizations: 46 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.

Review — Financial Efficiency: Mission deployment rate scored 56/100.
Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
High — Sustainability: Officer compensation ratio scored 11/100.
High — Sustainability: Liabilities to assets ratio scored 22/100.