Woldenberg Village

Nonprofit profile at a glance

EIN
720540671
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5043675640
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$17,412,700
Expenses
$18,810,807
Assets
$22,856,968
Liabilities
$7,201,024

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

Leadership & pay

9 people listed

Executive titles in this filing

  • CHRISTOPHER J LEGE MD (PRESIDENT)
  • STEPHEN BALDWIN (VICE PRESIDENT)
  • ZEB LANDERS (EXECUTIVE DIRECTOR AND BOARD MEMBER)
  • MANUEL LINARES (FORMER PRESIDENT AND BOARD MEMBER)

Highest reported compensation

  • CHRISTOPHER J LEGE MD (PRESIDENT): $812,447 total reported compensation
  • BRADLEY SINCLAIR (FORMER BOARD MEMBER): $576,979 total reported compensation
  • JAY PENNISON (TREASURER): $474,961 total reported compensation

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

Overview

Mission

Woldenberg village is dedicated to providing an environment for seniors that enhances and enriches the quality of their physical, mental and emotional life and to ensure that all of the organization's residents lead healthy and secure lives within the community.

What it reported doing in 2024

The azaleas at woldenberg village is a sixty (60) unit assisted living community. Various levels of care are offered based on an individual's specific needs. The azaleas provides its residents three well-balanced meals per day, group activities, medical and therapeutic recreational transportation, 24-hour on-site caregiver support, and weekly housekeeping. Additionally, the azaleas houses a unit for early stages of dementia.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
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 available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 73
  • Accountability: 53
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.5%; rating input score 99; 34th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 20%; rating input score 20; 6th 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: -8%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
  • Governance: 1 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $18.6M in reported program spending
  • Leadership: top reported pay $812K · 9 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.4M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 16 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.

  • High — Accountability: Independent voting board scored 20/100.
  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.