Willamette View Foundation
Nonprofit profile at a glance
- EIN
- 930575395
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2024
- Location
- Portland, OR, USA
- Phone
- 9712338956
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $170,810
- Expenses
- $865,080
- Assets
- $25,014,819
- Liabilities
- $734,579
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MIKE GALLAGHER (PRESIDENT)
- GREG DUFAULT (VICE-PRESIDENT)
- DIANE WERNLI (EXECUTIVE DIRECTOR)
Highest reported compensation
- DIANE WERNLI (EXECUTIVE DIRECTOR): $199,043 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule othe foundation's mission is to help qualified residents of willamette view retirement community maintain their dignity and independence through assistance in satisfying their need for housing and financial security. Aid is provided through resident assistance and financial management programs, educational seminars, financial information services, publications, and grants to willamette view, inc. That benefit the community's residents.
What it reported doing in 2024
Resident assistance - the foundation provides financial assistance to residents of willamette view, who outlive their available financial resources or who otherwise no longer have the resources to fully meet their expenses due to illness or other unexpected events. In addition, the foundation provides financial management services to certain residents of willamette view to assist them with many aspects of daily, monthly, and yearly tasks related to finances.
Operating model
- Revenue model
- Investment-supported. 61% of the money available for current operations came from recurring investment income.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 70
- Accountability: 90
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72.1%; rating input score 72
- Fundraising efficiency: $5.22 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -406.5%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 28.92; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 23%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 14.8% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 29.4% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72.1% of spending went to programs
- Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $623K in reported program spending
- Leadership: top reported pay $199K · 7 people listed · 3 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- High — Sustainability: Operating margin scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.