Weingart Center Association
- Assets
- $119.4m
- Revenue
- $107.0m
- Investments
- $50.2m
- Employees
- 194
- Location
- Los Angeles, CA
- Founding
- 02/1992
- Data as of
- 04/2023
- EIN
- 95-6054617
Organization Overview
Weingart Center Association is located in Los Angeles, CA. The organization was established in 1992. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 04/2023, Weingart Center Association employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weingart Center Association 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 04/2023, Weingart Center Association generated $107.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $28.5m during the year ending 04/2023. While expenses have increased by 10.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO COMBAT POVERTY AND HOMELESSNESS BY DELIVERING INNOVATIVE SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES: WCA, A PRIVATE NON-PROFIT, 501(C)(3) CALIFORNIA CORPORATION, HAS OVER THIRTY YEARS OF EXPERIENCE PROVIDING QUALITY SHORT TERM AND TRANSITIONAL RESIDENTIAL PROGRAMS LINKED TO A BROAD SPECTRUM OF SUPPORT SERVICES TO HELP HOMELESS MEN AND WOMEN BREAK THE CYCLE OF HOMELESSNESS. THE WEINGART CENTER ASSOCIATION MAINTAINS 16 PRINCIPAL RESIDENTIAL SERVICE PROGRAMS, WHICH PROVIDE OVER 600 BEDS ANNUALLY TO MEET THE INDIVIDUALIZED NEEDS OF HOMELESS MEN AND WOMEN. PROGRAM DESIGNS INCORPORATE RESIDENTIAL SERVICES, RECREATIONAL ACTIVITIES, SPECIALIZED REFERRALS AND OTHER SUPPORT SERVICES CALCULATED TO ASSIST THE CLIENTS STABILIZE THEIR LIVES, SECURE INCOME AND REINTEGRATE INTO THE COMMUNITY. NON-RESIDENTIAL SUPPORT SERVICES: WCA PROVIDES SERVICES TO PARTICIPANTS WHO DO NOT RESIDE IN THE AGENCY-OPERATED FACILITY. THESE PROGRAMS INCLUDE SUPPORTIVE AND CASE MANAGEMENT SERVICES AT THE ACCESS CENTER, PROJECT FATHERHOOD, AMERICORPS' HOPE FOR THE HOMELESS AND SUBSTANCE ABUSE RECOVERY.MEALS: THE WEINGART CENTER CAFE SERVES 241,015 NUTRITIOUS, BALANCED MEALS TO RESIDENTS OF THE CENTER, OUTPATIENT CLIENTS OF ON-SITE HEALTH AND MEDICAL PROGRAMS, RESIDENTS OF THE SKID ROW AREA AND OTHERS. THE CAFE OPERATES 365 DAYS PER YEAR FROM 6:45AM TO 7:00PM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Senator Kevin Murray Retired President & CEO | Officer | 40 | $408,026 |
Tonja Boykin COO | 40 | $250,660 | |
Ben Rosen Sr. Dir. Real Estate | 40 | $177,643 | |
Jose Najera Dir Of Compliance | 40 | $124,049 | |
Yvette Merritt VP Human Resources | 40 | $134,618 | |
Joseph Faustina Dir Of Facilities | 40 | $125,913 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gardaworld Security Services Security | 4/29/23 | $5,831,162 |
Chrysalis Housekeeping | 4/29/23 | $1,906,861 |
Feedfolks Meal Provision For Clients | 4/29/23 | $1,570,771 |
Crimson It It Services | 4/29/23 | $734,926 |
Unified Protective Services Security | 4/29/23 | $524,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,840 |
| Related organizations | $0 |
| Government grants | $100,833,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,983 |
| Noncash contributions included in lines 1a–1f | $126,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,789,081 |
| Total Program Service Revenue | $3,195,533 |
| Investment income | $376,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,277,078 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $163,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,010,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,965,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $447,054 |
| Compensation of current officers, directors, key employees. | $447,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,351,003 |
| Pension plan accruals and contributions | $110,959 |
| Other employee benefits | $1,106,244 |
| Payroll taxes | $548,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,500 |
| Fees for services: Accounting | $140,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,575,128 |
| Advertising and promotion | $8,500 |
| Office expenses | $691,212 |
| Information technology | $493,870 |
| Royalties | $0 |
| Occupancy | $1,882,945 |
| Travel | $137,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,897 |
| Interest | $5,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $836,040 |
| Insurance | $523,935 |
| All other expenses | $98 |
| Total functional expenses | $28,509,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,716,635 |
| Savings and temporary cash investments | $11,185,722 |
| Pledges and grants receivable | $77,160 |
| Accounts receivable, net | $5,820,374 |
| 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 | $904,077 |
| Net Land, buildings, and equipment | $8,947,064 |
| Investments—publicly traded securities | $40,340,922 |
| Investments—other securities | $50,157,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,710 |
| Total assets | $119,383,646 |
| Accounts payable and accrued expenses | $5,905,243 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $478,154 |
| Other liabilities | $359,328 |
| Total liabilities | $6,742,725 |
| Net assets without donor restrictions | $33,986,394 |
| Net assets with donor restrictions | $78,654,527 |
| 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 | $119,383,646 |