Western Community Housing Inc

Nonprofit profile at a glance

EIN
954751332
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Costa Mesa, CA, USA
Phone
7145978301
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$15,036,947
Expenses
$7,113,655
Assets
$135,573,528
Liabilities
$86,745,734

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

Leadership & pay

16 people listed

Highest reported compensation

  • GRAHAM ESPLEY-JONES (Pres. /DIRECTOR): $604,966 total reported compensation
  • JAYMIE PIGUING (VP/CONTROLLER): $258,242 total reported compensation
  • LEANNE TRUOFREH (SR VP/SECRETARY): $223,910 total reported compensation

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

Overview

Mission

WCH is dedicated to building, purchasing and operating affordable housing communities and providing life enhancing services to low and moderate income households and thereby lessens the burdens of government. The low income population of our affordable communities includes families, seniors, and special needs households. Our activities are primarily in California and Montana.

What it reported doing in 2024

Provision of Affordable Housing to Low-Income Households: As of January 1, 2024 WCH was either the managing general partner or owner of 110 low income housing tax credit partnerships ("Partnerships"). These 110 Partnerships are located in California with approximately 8,541 affordable units. During 2024 WCH became the managing general partner of 6 new partnerships and sold 1 partnership, with a net increase of 426 more affordable units in California and Montana.As a result of these accomplishments, WCH was either the managing general partner or owner of 115 Partnerships by December 31, 2024. These 115 partnerships own affordable communities in California and in Montana with approximately 8,967 affordable units.Of the 115 affordable communities owned by the Partnerships at December 31, 2024, 4,640 were affordable family communities, 2,772 were affordable senior communities, and 1,555 were special needs communities, all with rents limited to low-income households.In the Provision of Affordable Housing, WCH recorded $252,250 in Development fees for the development of the affordable communities and recorded $1,360,805 in management fees for managing the affordable communities in 2024. WCH ALSO RECORDED RENTAL INCOME OF $2,665,159 AND OTHER INCOME OF $256,531 FROM ITS INVESTMENTS IN THESE LOW-INCOME HOUSING PARTNERSHIPS, FOR TOTAL PROGRAM SERVICE REVENUE OF $4,534,745.

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

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 some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 84
  • Accountability: 92
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.7%; rating input score 59
  • Program expense ratio: 94.5%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th 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: 52.7%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 19.06; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 29.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 12.4% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 58.7% of revenue deployed · 94.5% of spending went to programs
  • Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.7M in reported program spending
  • Leadership: top reported pay $605K · 16 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $2.6M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 74 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.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.