Overview
What is Westwood Village Improvement Association?
Westwood Village Improvement Association is a nonprofit organization situated in Los Angeles, California, specifically at 10866 Wilshire Blvd 360, with a workforce of 4 individuals. The primary focus and mission of this organization revolve around managing programs, activities, and contracts within the Westwood California Business Improvement District. By doing so, they aim to foster community revitalization efforts, enhance the quality of life, ensure safety, and improve various aspects such as streetscape, sidewalk, lighting, tourism, and economic development in the area. Essentially, the Westwood Village Improvement Association works diligently to promote the growth and well-being of their community.
Official website here: www.thewestwoodvillage.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Westwood Village Improvement Association received a two-star rating from Charity Navigator, indicating that while it shows strong performance in several areas, it still has notable weaknesses that need attention. The organization boasts a perfect score in accountability and finance, with a completely independent board and effective financial oversight mechanisms. Notably, its program expense ratio is high, suggesting that the majority of its expenses are devoted to its programs rather than administrative costs.
Despite these strengths, the organization lacks several important governance policies, including a conflict of interest policy, whistleblower policy, and document retention policy. These omissions can raise concerns about transparency and accountability, which may affect donor confidence. Additionally, the high liabilities to assets ratio indicates potential financial risk, highlighting the need for better financial management practices.
Overall, while the Westwood Village Improvement Association demonstrates a commitment to programmatic funding and maintains an independent board structure, it is essential for the organization to address its governance gaps and financial liabilities to improve its rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Westwood Village Improvement Association legitimate?
Westwood Village Improvement Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westwood Village Improvement Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $207,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,594
For more financial information, click here
Official website here: www.thewestwoodvillage.com/
What is the mission statement of Westwood Village Improvement Association?
The Westwood Village Improvement Association's primary mission is to manage programs, activities, and contracts within a Business Improvement District. This association aims to foster community revitalization efforts, improve the quality of life, enhance safety, and execute streetscape, sidewalk, and lighting improvements in the district. By doing so, the association promotes tourism and economic development, contributing to the overall betterment of the area.
Official website here: www.thewestwoodvillage.com/
Who is the CEO of Westwood Village Improvement Association?
Michael Russell is the Chair of Westwood Village Improvement Association.
Official website here: www.thewestwoodvillage.com/
What is the revenue of Westwood Village Improvement Association?
Westwood Village Improvement Association's revenue in 2022 was $1,950,669.
Official website here: www.thewestwoodvillage.com/
Who are the executives of Westwood Village Improvement Association and what are their salaries?
The average compensation at Westwood Village Improvement Association during 2022 was $71,258. There are 4 employees and 13 volunteers at Westwood Village Improvement Association.
Here are 15 key members and their salaries:
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- Compensation: $133,908
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- Other: $8,370
- Compensation: $59,138
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- Other: $1,722
Official website here: www.thewestwoodvillage.com/
Where can I find the form 990 for Westwood Village Improvement Association?
Westwood Village Improvement Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thewestwoodvillage.com/
Learn more at the official website: www.thewestwoodvillage.com/
Mission Statement of Westwood Village Improvement Association
The Westwood Village Improvement Association, in its mission, focuses on administering a Business Improvement District in Westwood, California. Its primary objective is to oversee programs, activities, and contracts within this district, with the ultimate goal of fostering community revitalization efforts, enhancing the quality of life, ensuring safety, improving the streetscape and lighting, and promoting tourism and economic development in the area. By doing so, the association aims to contribute to the overall improvement and development of the community.
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Impact
July, 2024
The Westwood Village Improvement Association plays a key role in administering the Westwood Business Improvement District in Los Angeles, California. It aims to promote community revitalization efforts, enhance quality of life, improve safety, and facilitate improvements in streetscape, sidewalks, lighting, tourism, and economic development in the area. Through its comprehensive program management, the association contributes significantly to the overall vibrancy and appeal of the Westwood community.
This information is meant to be a general summary of Westwood Village Improvement Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,599
- Program Service Revenue: $11,828
- Gross Receipts: $1,950,669
Assets and Liabilities:
- Total Assets: $2,556,062
- Total Liabilities: $2,187,031
- Net Assets: $369,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT FEES AND FILMING
Revenue
$11,828
Organization Details
Founding Year
2000
Phone
(310) 470-1812Principal Officer
Michael Russell
Main Address
10866 WILSHIRE BLVD 360, LOS ANGELES, CA, 90024
Website
www.thewestwoodvillage.com/NTEE Category
Code: A51 - Arts
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