Wvhy Inc

Nonprofit profile at a glance

EIN
862841607
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Northridge, CA, USA
Phone
3103054080
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Centers

Official website

Reported finances

Revenue
$1,022,886
Expenses
$773,445
Assets
$256,495
Liabilities
$2,400

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

Leadership & pay

5 people listed

Executive titles in this filing

  • TERESA CEDENO (PRESIDENT)

Highest reported compensation

  • KIM OLSEN (TREASURER/EXECUTIVE DIRECTO): $108,522 total reported compensation
  • TERESA CEDENO (PRESIDENT): $5,000 total reported compensation

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

Overview

Mission

The organization is a community-based mutual-aid nonprofit, providing supplies and support to people experiencing homelessness and advocating for compassionate, just, and collaborative solutions to homelessness.

What it reported doing in 2024

The organization provides lunches and hygiene products, to individuals experiencing homelessness. Wvhy organizes one of the largest volunteer outreaches in the san fernando valley and served over 1,500 individuals throughout the year.

Operating model

Revenue model
Grant-funded. 77% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 94
  • Accountability: 62
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69%; rating input score 69
  • Program expense ratio: 91.2%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.4%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 14.7%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 62.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 74% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 121% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 69% of revenue deployed · 91.2% of spending went to programs
  • Governance: 2 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $705K in reported program spending
  • Leadership: top reported pay $109K · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.