Family Promise Of The Verdugos
- Assets
- $923.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Burbank, CA
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-2458342
Organization Overview
Family Promise Of The Verdugos is located in Burbank, CA. The organization was established in 2009. 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 06/2021, Family Promise Of The Verdugos employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of The Verdugos 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 06/2021, Family Promise Of The Verdugos generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 46.5% per year over the past 7 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 ASSIST FAMILIES EXPERIENCING HOMELESSNESS GAIN INDEPENDENCE BY TRANSITIONING INTO PERMANENT HOUSING AND EMPLOYMENT WITH THE SUPPORT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURBANK CARES
LOS ANGELES COUNTY DEVELOPMENT AUTHORITY RENT RELIEF
CALIFORNIA EMERGENCY SOLUTIONS HOUSING
BURBANK CARES
LOS ANGELES COUNTY DEVELOPMENT AUTHORITY RENT RELIEF
CALIFORNIA EMERGENCY SOLUTIONS HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Hernandez Chief Executive Officer | Officer | 40 | $167,877 |
Jessa Freemyer President | Trustee | 2 | $0 |
Kathy Sessinghaus Past President | Trustee | 2 | $0 |
Diana Moreno Treasurer | Trustee | 2 | $0 |
Jodi Reneaud Secretary | Trustee | 2 | $0 |
Christine Rumfola Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,859 |
| Investment income | $16,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,239 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,645,156 |
| Statement of Expenses | |
|---|---|
| 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. | $167,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240 |
| Advertising and promotion | $0 |
| Office expenses | $2,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,355 |
| Insurance | $25,652 |
| All other expenses | $0 |
| Total functional expenses | $1,432,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,279 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,022 |
| Total assets | $922,965 |
| Accounts payable and accrued expenses | $32,729 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,729 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $890,236 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Family Promise Of The Verdugos has recieved totaling $357,237.
| Awarding Organization | Amount |
|---|---|
Providence Health System-Southern California Renton, WA PURPOSE: SPONSORSHIP | $150,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $126,378 |
Burbank Health Care Foundation Burbank, CA PURPOSE: GRANT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,099 |
Providence Health & Services Foundation Burbank, CA PURPOSE: ASSIST THE HOMELESS TO GAIN INDEPENDENCE. | $18,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,918 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County Rescue Mission Inc Tustin, CA | $68,598,932 | $34,318,569 |
Shelter Inc Concord, CA | $14,444,332 | $21,530,611 |
Weingart Center Association Los Angeles, CA | $33,365,091 | $18,847,886 |
Los Angeles Mission Inc Los Angeles, CA | $38,073,711 | $20,929,973 |
S V D P Management Inc San Diego, CA | $126,946,951 | $29,252,283 |
Dolores Street Community Services Inc San Francisco, CA | $11,206,108 | $14,606,522 |
Central Arizona Shelter Services Inc Phoenix, AZ | $14,727,580 | $22,356,024 |
American Family Housing Midway City, CA | $30,863,211 | $13,031,401 |
Harbor Interfaith Services Inc San Pedro, CA | $13,082,815 | $12,163,087 |
Good Samaritan Shelter Santa Maria, CA | $20,024,181 | $13,355,686 |
Building Opportunities For Self- Sufficiency Berkeley, CA | $8,821,046 | $11,844,747 |
East Oakland Community Project Oakland, CA | $11,201,833 | $9,075,354 |