Wycliffe Gardens

Nonprofit profile at a glance

EIN
953266033
IRS 990-EZ coverage
2009–2009
Forms available
Form 990-EZ 2009
Location
Santa Ana, CA, USA
Phone
7148381075
Rating
83
Verdict
STRONG
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$139,488
Expenses
$12,790,060
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

9 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Formerly low-income elderly housing; in process of dissolution following sale of building and collection of proceeds.

What it reported doing in 2009

Volunteer Operations, Recruiting and Finance in Africa done by Wycliffe Associates, Inc. Per the ByLaws, upon liquidation of Wycliffe Gardens, Inc, the residual assets become the property of Wycliffe Associates. Upon sale of the building, funds were initially sent to Wycliffe Associates for safe-keeping and investment and were held in a restricted account. Since Wycliffe Gardens was unable to be immediately liquidated on the sale due to the presence of a 12-month $12,000,000 note, and in recognition of the intent to ultimately be liquidated, incremental amounts of funds from the restricted account were released to Wycliffe Associates. The $12M note was replaced in 2009 by a $2M note, and this was paid off in 2010 and the corporation dissolved. All funds have been disbursed to Wycliffe Associates.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 0
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9,069.3%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12.8M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.