Halo House Foundation
- Assets
- $16.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 27-1220705
Organization Overview
Halo House Foundation is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Halo House Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halo House Foundation 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 12/2023, Halo House Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
HALO HOUSE'S MISSION IS TO HELP SAVE THE LIVES OF CANCER PATIENTS BATTLING LEUKEMIA, LYMPHOMA, OR MYELOMA BY PROVIDING THEM WITH FULLY FURNISHED TEMPORARY HOUSING AT A VERY LOW COST WHILE THEY ARE UNDERGOING ACTIVE TREATMENT FOR THEIR CANCER AT THE TEXAS MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALO HOUSE PROVIDES FULLY FURNISHED ONE- AND TWO-BEDROOM APARTMENTS TO BLOOD CANCER PATIENTS COMING TO HOUSTON'S TEXAS MEDICAL CENTER FOR WEEKS TO MONTHS OF TREATMENT. ALL UTILITIES, INCLUDING WIFI, CABLE TV, AND COMPLIMENTARY WEEKDAY SHUTTLE SERVICE, ARE INCLUDED AT THE DAILY RATE OF $25/1BR OR $35/2BR. OTHER AMENITIES INCLUDE A STATE-OF-THE-ART FITNESS CENTER, COMMUNITY CENTER, CHAPEL, AND BEAUTIFUL MEDITATIVE GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Fowler MD President & Co-Founder | OfficerTrustee | 2.5 | $0 |
Barbara Bowman Vice President To 3/12/23 | OfficerTrustee | 1.5 | $0 |
Sharam Honari Secretary | OfficerTrustee | 1.5 | $0 |
Ann Janssen Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Fowler Executive VP & Co-Founder | OfficerTrustee | 40 | $81,666 |
Sonia Azad Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $474,314 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,938 |
| Noncash contributions included in lines 1a–1f | $48,575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,252 |
| Total Program Service Revenue | $303,333 |
| Investment income | $298,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,203 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,483,438 |
| 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. | $175,413 |
| Compensation of current officers, directors, key employees. | $48,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,454 |
| Pension plan accruals and contributions | $3,305 |
| Other employee benefits | $12,217 |
| Payroll taxes | $25,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,596 |
| Advertising and promotion | $1,103 |
| Office expenses | $45,235 |
| Information technology | $31,614 |
| Royalties | $0 |
| Occupancy | $111,332 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $455,923 |
| Insurance | $49,553 |
| All other expenses | $0 |
| Total functional expenses | $1,317,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,792 |
| Savings and temporary cash investments | $8,092,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,003 |
| Net Land, buildings, and equipment | $5,113,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,793,317 |
| Total assets | $16,675,046 |
| Accounts payable and accrued expenses | $16,218 |
| 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 | $16,218 |
| Net assets without donor restrictions | $13,862,261 |
| Net assets with donor restrictions | $2,796,567 |
| 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 | $16,675,046 |