Homes For Life Foundation
- Assets
- $7.2m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 66
- Location
- Los Angeles, CA
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 33-0248725
Organization Overview
Homes For Life Foundation is located in Los Angeles, CA. The organization was established in 1992. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Homes For Life Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Life 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 12/2021, Homes For Life Foundation generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. While expenses have increased by 3.8% 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 DEVELOP COMMUNITY HOUSING FOR THE CHRONICALLY MENTALLY DISABLED AND TO DELIVER MENTAL HEALTH AND CASE MANAGEMENT SERVICES TO ITS CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMES FOR LIFE FOUNDATION OWNS AND OPERATES 11 HOUSING SITES / FACILITIES FOR THE MENTALLY ILL. MANY OF THE RESIDENTS OF THESE HOMES RECEIVE THREE NUTRITIOUS MEALS DAILY, AS WELL AS PLANNED ACTIVITY PROGRAMS AND CARE AND SUPERVISION, AS REQUIRED. HOMES FOR LIFE FOUNDATION IS IN THE PROCESS OF DEVELOPING ADDITIONAL HOUSING PROJECTS TO CARE FOR THE MENTALLY ILL AND ALSO TO PROVIDE MENTAL HEALTH AND CASE MANAGEMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Liess Executive Director | 40 | $130,000 | |
Larry Haramoto Chairman | Officer | 2 | $0 |
David Bailey Treasurer | Officer | 4 | $0 |
David Stairs Secretary | Officer | 1 | $0 |
Chris Gundel PHD Vice President | Officer | 2 | $0 |
Bentley Paul Stansbury Jredd President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,218,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $762,287 |
| Noncash contributions included in lines 1a–1f | $106,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,980,714 |
| Total Program Service Revenue | $1,004,334 |
| Investment income | $81,972 |
| 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 | $7,067,020 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,125,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $252,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,642 |
| Advertising and promotion | $0 |
| Office expenses | $308,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,798 |
| Insurance | $635,261 |
| All other expenses | $543,889 |
| Total functional expenses | $7,443,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,263,431 |
| Savings and temporary cash investments | $982,259 |
| Pledges and grants receivable | $1,059,325 |
| Accounts receivable, net | $185,217 |
| 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 |
| Net Land, buildings, and equipment | $3,174,413 |
| Investments—publicly traded securities | $424,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,563 |
| Total assets | $7,164,098 |
| Accounts payable and accrued expenses | $272,827 |
| 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 | $5,960,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,402,586 |
| Total liabilities | $17,636,025 |
| Net assets without donor restrictions | -$10,471,927 |
| 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 | $7,164,098 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Homes For Life Foundation has recieved totaling $75,607.
| Awarding Organization | Amount |
|---|---|
Frank Mchugh-Odonovan Foundation Inc Wilmington, DE PURPOSE: MEDICAL SERVICES COORDINATOR FUND | $70,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Narrative Tigard, OR | $24,541,892 | $20,361,242 |
Rancho San Antonio Boys Home Inc Chatsworth, CA | $38,399,556 | $15,323,177 |
Bethany Ranch Home Inc Phoenix, AZ | $10,318,781 | $15,585,652 |
Phoenix Houses Of California Inc Lake View Terrace, CA | $18,452,959 | $14,182,784 |
Saguaro Foundation Community Home Program Yuma, AZ | $10,674,930 | $13,859,119 |
Tucson Residence Foundation Inc Tucson, AZ | $8,716,288 | $12,594,410 |
Summitview Child & Family Services Inc Placerville, CA | $9,176,042 | $13,496,979 |
New Horizon Youth Homes Inc Chandler, AZ | $13,556,346 | $9,020,298 |
Gap Ministries Tucson, AZ | $9,696,480 | $11,885,359 |
Salem Christian Homes Inc Chino, CA | $8,434,691 | $11,822,668 |
David And Margaret Home Inc La Verne, CA | $8,793,546 | $11,620,549 |
Promesa Behavioral Health Fresno, CA | $10,814,640 | $11,295,524 |