Westlake Community Foundation Inc C/o Vesta Property Services

Nonprofit profile at a glance

EIN
823447812
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Westlake, FL, USA
Phone
5612454444
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$227,118
Expenses
$1,601
Assets
$675,524
Liabilities
$502

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JOHN CARTER (PRESIDENT, D)

People named in this filing

  • ZANE BEARD (VICE PRES, D)
  • JOHN CARTER (PRESIDENT, D)
  • LEOLANI GEVERS (SECRETARY /T)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Facilitating the creation and preservation of privately owned, community- enhancing affordable housing to meet the needs of low income persons regardless of race, creed, or color, national orgin, ethnicity, gender, age, physical disability or sexual; (b) engaging in fundraising, community outreach, and education in support of affordable housing within the city of westlake; and (c) providing downpayment and closing cost assistance and / or funding to governmental and other programs providing affordable and / or workforce housing assistnace.

What it reported doing in 2025

The foundation was founded to contribute exclusively to cultural, scientific, literary, educational, recreational, environmental and charitable purposes, including for purposes of making distributions to organizations that qualify as exempt organizations under irc section 501 (c)(3).

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.8%; rating input score 1
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 99.3%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 421.94; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 25.6% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 32.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 41.1% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 0.8% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • 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 1/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.