Penny Lane Centers
- Assets
- $41.1m
- Revenue
- $54.1m
- Investments
- $0.0
- Employees
- 571
- Location
- North Hills, CA
- Founding
- 11/1966
- Data as of
- 06/2023
- EIN
- 95-2633765
Organization Overview
Penny Lane Centers is located in North Hills, CA. The organization was established in 1966. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Penny Lane Centers employed 571 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penny Lane Centers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Penny Lane Centers generated $54.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $54.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PENNY LANE CENTERS' MISSION IS TO FOSTER HOPES AND DREAMS BY EMPOWERING CHILDREN, YOUTH AND FAMILIES TO REACH THEIR HIGHEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH - TO PROVIDE MENTAL HEALTH SERVICES TO CHILDREN WITH BEHAVIORAL PROBLEMS. A UNIQUE PROGRAM THAT INCLUDES MENTAL HEALTH SERVICES PROVIDED TO CLIENTS IN SCHOOLS, FOSTER HOMES, PROBATION CAMPS, GROUP HOMES AS WELL AS THE COMMUNITY. DURING THE YEAR COVERED, 5,274,589 UNITS OF SERVICE WERE PROVIDED.INTENSIVE SERVICES - PROVIDES SERVICES TO CHILDREN IN DANGER OF PLACEMENT INTO FOSTER CARE. A UNIQUE SERVICE FOR FAMILIES WHO HAVE CHILDREN WITH SEVERE EMOTIONAL AND BEHAVIORAL PROBLEMS. WRAPAROUND FOCUSES ON BUILDING CHILD AND FAMILY STRENGTHS, FOSTERING SELF-SUFFICIENCY, AND PROMOTING STABILITY AND PERMANENCY. DURING THE YEAR COVERED, 5,130,958 UNITS OF SERVICE WERE PROVIDED.
THE FAMILY PRESERVATION PROGRAM: GOAL IS TO KEEP THE FAMILY UNITED BY PROVIDING IN-HOME OUTREACH COUNSELING SERVICES THAT WILL ASSIST, SUPPORT, INFORM AND EDUCATE THE FAMILY AND IS A COLLABORATIVE EFFORT BETWEEN THE DEPARTMENT OF CHILDREN AND FAMILY SERVICES (DCFS), DEPARTMENT OF MENTAL HEALTH (DMH), DEPARTMENT OF PROBATION AND PENNY LANE CENTERS. DURING THE YEAR COVERED, 279 FAMILIES WERE SERVED.SUBSTANCE USE DISORDER RESIDENTIAL & OUTPATIENT FUNDED BY SAPSE - PENNY LANE CENTERS IS DEDICATED TO WORKING WITH ADOLESCENTS, ADULTS AND FAMILIES STRUGGLING WITH ALCOHOL AND OTHER DRUG USE. OUR GOAL IS TO ASSIST INDIVIDUALS ALONG THEIR JOURNEY IN RECOVERY. WE BELIEVE IN WORKING ON THE CORE ISSUES OF SUBSTANCE AND ALCOHOL USE BY UTILIZING PROVEN EVIDENCED BASED PRACTICES THAT PROMOTE AND SUSTAIN CLEAN AND SOBER LIVING.
FOSTER CARE - PROVIDES 24-HOUR CARE AND ADOPTIVE SERVICES. PENNY LANE WORKS TO ENSURE PERMANENCY FOR CHILDREN BY MATCHING THEM WITH CERTIFIED ADOPTIVE FAMILIES AND FACILITATING THE ADOPTION PROCESS. DURING THE COVERED YEAR, 536 CLIENTS WERE SERVED.
IN HOME SERVICES (PFF, RHAS, RSS): PENNY LANE CENTERS PROVIDE A COMPREHENSIVE RANGE OF PREVENTION, SUPPORT, INTERVENTION, TRANSITIONAL AND MAINTENANCE SERVICES FOR FAMILIES IN THE COMMUNITIES OF LOS ANGELES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne S Khorasanee President | OfficerTrustee | 1 | $0 |
Katrina Rosale Vice President | OfficerTrustee | 1 | $0 |
Sam Melehani Treasurer | OfficerTrustee | 1 | $0 |
Bruce Hector MD Secretary | OfficerTrustee | 1 | $0 |
Fluera Ariano Board Member (end 12/22) | Trustee | 1 | $0 |
Kathi Atkinson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel E Grosz Md Psychiatric Services | 6/29/23 | $233,563 |
Alan J Golian Psyd Child Psychology Psychiatric Services | 6/29/23 | $204,829 |
Oscar Rosas Psychiatric Services | 6/29/23 | $374,527 |
Linda Christine Salazar Md Psychiatric Services | 6/29/23 | $504,540 |
Huey Merchant Md Psychiatric Services | 6/29/23 | $172,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,454,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,026 |
| Noncash contributions included in lines 1a–1f | $186,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,162,335 |
| Total Program Service Revenue | $114,356 |
| Investment income | $364,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $620,824 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,105,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,606,258 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $635,837 |
| Compensation of current officers, directors, key employees. | $282,842 |
| Compensation to disqualified persons | $273,440 |
| Other salaries and wages | $30,033,115 |
| Pension plan accruals and contributions | $311,994 |
| Other employee benefits | $2,778,044 |
| Payroll taxes | $2,399,505 |
| Fees for services: Management | $33,216 |
| Fees for services: Legal | $42,473 |
| Fees for services: Accounting | $272,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,971,078 |
| Advertising and promotion | $197,837 |
| Office expenses | $787,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,345,638 |
| Travel | $778,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313,055 |
| Interest | $195,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $922,264 |
| Insurance | $413,401 |
| All other expenses | $373,249 |
| Total functional expenses | $54,038,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,305,125 |
| Savings and temporary cash investments | $6,009,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,005,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $142,045 |
| Net Land, buildings, and equipment | $16,882,508 |
| Investments—publicly traded securities | $6,968,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,787,937 |
| Total assets | $41,101,363 |
| Accounts payable and accrued expenses | $6,160,332 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,659,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,724,175 |
| Total liabilities | $14,544,298 |
| Net assets without donor restrictions | $15,325,743 |
| Net assets with donor restrictions | $11,231,322 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,101,363 |