Woodleigh Chase Inc
Nonprofit profile at a glance
- EIN
- 922217836
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Fairfax, VA, USA
- Phone
- 5715563210
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $13,830,441
- Expenses
- $21,755,223
- Assets
- $178,817,381
- Liabilities
- $186,841,240
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- STEPHANIE L REEL (CHAIR & PRESIDENT (BEG 4/1/24))
- WILL NANCE (EXECUTIVE DIRECTOR)
Highest reported compensation
- SCOTT SAWICKI (ASSISTANT SECRETARY (BEG 4/1/24)): $344,732 total reported compensation
- WILL NANCE (EXECUTIVE DIRECTOR): $338,269 total reported compensation
- REV DR ZINA JACQUE (VICE CHAIR & VP (BEG 4/1/24)): $172,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission statement - home is belonging, peace of mind, love and acceptance. Welcome home! Vision statement - woodleigh chase, inc. Celebrates aging! Grounded in inclusion, innovation and advocacy, we create unparalleled value and opportunities for every life we touch. As part of the national senior communities enterprise, we leverage our strong financial foundation and governance for the benefit of seniors and those who support them.
What it reported doing in 2024
Woodleigh chase provides services needed by senior residents, who reside in 258 indepedent living units. The services we provide to our residents include, but are not limited to housing, food, medical, security and maintenance services, recreational and pastoral activities.
Operating model
- Revenue model
- Earned-program. 98% 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. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 77
- Accountability: 82
- Sustainability: 35
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.4%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 69.2%; rating input score 69; 12th 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: -57.3%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 8.22; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 73.4% of spending went to programs
- Governance: 9 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $16M in reported program spending
- Leadership: top reported pay $345K · 22 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.6M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 23 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 — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.