The Willows Foundation Inc
- Assets
- $8.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Laguna Hills, CA
- Founding
- 12/1961
- Data as of
- 09/2021
- EIN
- 95-2078512
Organization Overview
The Willows Foundation Inc is located in Laguna Hills, CA. The organization was established in 1961. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, Willows Foundation Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willows Foundation Inc 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 09/2021, Willows Foundation Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.6m during the year ending 09/2021. While expenses have increased by 4.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE A GRACE-LED COMMUNITY OF COMPASSIONATE AND FORWARD-THINKING CHRISTIAN SCIENTISTS DEDICATED TO BOUNDLESS SPIRITUAL GROWTH AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE HOMES FOR WORTHY AGED PERSONS WHO ARE MEMBERS OF THE CHRISTIAN SCIENCE DENOMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon T Herzer Executive Director | Officer | 40 | $117,625 |
John Bryant Board Secretary | OfficerTrustee | 2 | $0 |
Rich Clarke Board President As Of 1/2021 | OfficerTrustee | 2 | $0 |
Catherine Harrison Board President Thru 1/2021 | OfficerTrustee | 2 | $0 |
Doug Yeoman Board Treasurer | OfficerTrustee | 2 | $0 |
Ann Pendleton Board Vice President | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Felsil Building Services Construction | 9/29/20 | $165,471 |
Jon Cooling Construction & Qis Construction | 9/29/20 | $169,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,551 |
| All other contributions, gifts, grants, and similar amounts not included above | $941,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,389,702 |
| Total Program Service Revenue | $2,603,390 |
| Investment income | $35,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $277,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,328,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,861 |
| Compensation of current officers, directors, key employees. | $148,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,427,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,378 |
| Payroll taxes | $103,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,134 |
| Fees for services: Other | $81,802 |
| Advertising and promotion | $17,552 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,613 |
| Insurance | $100,172 |
| All other expenses | $131,225 |
| Total functional expenses | $3,599,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,645 |
| Savings and temporary cash investments | $197,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,702 |
| 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 | $17,570 |
| Net Land, buildings, and equipment | $4,591,016 |
| Investments—publicly traded securities | $2,473,583 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,195,652 |
| Accounts payable and accrued expenses | $282,665 |
| Grants payable | $0 |
| Deferred revenue | $23,078 |
| 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 | $0 |
| Other liabilities | $183,785 |
| Total liabilities | $489,528 |
| Net assets without donor restrictions | $7,575,663 |
| Net assets with donor restrictions | $130,461 |
| 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 | $8,195,652 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Willows Foundation Inc has recieved totaling $1,192,994.
| Awarding Organization | Amount |
|---|---|
Tenacre Foundation Princeton, NJ PURPOSE: CHRISTIAN SCIENCE RESIDENCIES | $913,600 |
Tenacre Foundation Princeton, NJ PURPOSE: CHRISTIAN SCIENCE RESIDENCIES | $276,335 |
Marcy & Leona Chanin Fdn Inc Los Angeles, CA PURPOSE: CHARITABLE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Palolo Chinese Home Honolulu, HI | $34,098,800 | $20,295,958 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Holly Hill Rhf Housing Inc Long Beach, CA | $13,821,718 | $11,879,105 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |