Foundations For Home And Community Inc
- Assets
- $16.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Portsmouth, VA
- Founding
- 07/2000
- Data as of
- 06/2022
- EIN
- 31-1701722
Organization Overview
Foundations For Home And Community Inc is located in Portsmouth, VA. The organization was established in 2000. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Foundations For Home And Community Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations For Home And Community 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 06/2022, Foundations For Home And Community Inc generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATIONS FOR HOME AND COMMUNITY IS A TREATMENT FOSTER CARE PROGRAM THAT SERVICES CHILDREN, FROM NEWBORN TO AGE 21, WHO REQUIRE OUT-OF-HOME, COMMUNITY-BASED (CONTINUED ON SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATIONS FOR HOME AND COMMUNITY PROVIDE STRENGTHS-BASED, CHILD CENTERED, AND TRAUMA-INFORMED FOSTER CARE SERVICES. DURING FISCAL YEAR 2022, THE ORGANIZATION HAD APPROXIMATELY 24,299 TFC VISITS. QUALITY CASE MANAGEMENT SERVICES INCLUDE FOSTER-PARENT COACHING GUIDANCE AND TRAINING, SCHOOL ADVOCACY, RESPITE CARE, AFTER-CARE PLANNING, AND COORDINATION OF NEEDED TREATMENT SERVICES TO MEET THERAPEUTIC TREATMENT PLAN AND PERMANENCY GOALS. SUCH SERVICES ARE PROVIDED IN THE HOMES OF TRAINED TREATMENT FAMILIES WITH SUPPORT, SUPERVISION, AND 24-HOUR CRISIS INTERVENTION FROM CLINICALLY TRAINED PROFESSIONALS. FOUNDATIONS PROVIDES ON-GOING COMPETENCY-BASED TRAINING TO THERAPEUTIC (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Meyers Program Manager In Lanham, Md | Officer | 40 | $97,207 |
Rose Bruzzo CEO | Officer | 20 | $41,232 |
Latoya Wright-Bonaparte President & Chair | OfficerTrustee | 2 | $0 |
Paul Altovilla CFO | OfficerTrustee | 10 | $0 |
Julia O'brien Board Member | Trustee | 2 | $0 |
Mary Shine Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,152,876 |
| Investment income | $898,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,051,248 |
| 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. | $135,631 |
| Compensation of current officers, directors, key employees. | $44,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,881 |
| Fees for services: Management | $1,592,719 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,223 |
| Fees for services: Other | $1,304,926 |
| Advertising and promotion | $0 |
| Office expenses | $3,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,978 |
| Travel | $27,700 |
| 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 | $1,550 |
| Insurance | $25,257 |
| All other expenses | $0 |
| Total functional expenses | $3,364,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,927 |
| 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 | $19,798 |
| Net Land, buildings, and equipment | $5,938 |
| Investments—publicly traded securities | $15,939,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,558,173 |
| Accounts payable and accrued expenses | $514,245 |
| 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 | $514,245 |
| Net assets without donor restrictions | $16,043,928 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,558,173 |
Endowment Analysis
| Beg. Balance | $17,702,316 |
| Earnings | -$1,687,658 |
| Admin Expense | $75,223 |
| Ending Balance | $15,939,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Specialized Alternatives For Families And Youth Of Kentucky Inc Lexington, KY | $1,516,940 | $14,842,351 |
People Places Inc Staunton, VA | $8,658,654 | $6,115,001 |
Youth Town Of Tennessee Inc Jackson, TN | $4,037,865 | $4,281,456 |
Foundations For Home And Community Inc Portsmouth, VA | $16,558,173 | $4,051,248 |
Martin Pollak Project Inc Baltimore, MD | $1,804,038 | $3,062,594 |
Potter Childrens Home And Family Ministries Inc Bowling Green, KY | $1,618,168 | $3,609,147 |
Isaiah 117 House Elizabethton, TN | $10,749,953 | $8,404,030 |
Touchstone Residential Services Raleigh, NC | $671,682 | $1,845,600 |
For Childrens Sake Of Virginia Chantilly, VA | $792,447 | $1,562,215 |
Childrens Homes Of Iredell County Inc Statesville, NC | $1,426,878 | $1,144,676 |
Carl Malone Foundation Inc Cleveland, TN | $162,993 | $1,043,873 |
Childrens Center Of The Cumberlands Oneida, TN | $1,508,236 | $664,906 |