Homeaid America Inc
- Assets
- $2.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Irvine, CA
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 33-0673009
Organization Overview
Homeaid America Inc is located in Irvine, CA. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Homeaid America Inc employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Homeaid America 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 12/2023, Homeaid America Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 16.2% per year over the past 9 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.
Since 2020, Homeaid America Inc has awarded 51 individual grants totaling $2,598,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMEAID'S MISSION IS TO HELP PEOPLE EXPERIENCING OR AT RISK OF HOMELESSNESS BUILD NEW LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEAID CURRENTLY HAS OVER 66 NEW PROJECTS UNDER DEVELOPMENT ADDING OVER 3,355 BEDS. TO DATE, HOMEAID HAS COMPLETED 1,333 HOUSING DEVELOPMENTS AND HAS SERVED OVER 900,000 PEOPLE WHO OTHERWISE WOULD HAVE BEEN HOUSELESS. ADDITIONALLY, HOMEAID'S PUBLIC RELATIONS AND COMMUNITY EDUCATION PROGRAMS WORK TO SUPPORT NEW INITIATIVES IN AFFILIATE MARKETS, THAT WILL NOT ONLY HOUSE THOSE WHO NEED HOUSING, BUT ALSO TO PROVIDE TRAINING AND SKILLS TO THOSE WHO WANT TO WORK IN THE BUILDING INDUSTRY. THE HOMEAID WORKS PROGRAM PROVIDES THE ENVIRONMENT, STRUCTURE TO SUCCEED, AND OPPORTUNITIES FOR QUALITY MEANINGFUL WORK AT A LIVABLE WAGE FOR THOSE WHO ARE TRAINABLE IN BUILDING INDUSTRY SKILLS.
IN 2023, THROUGH A NETWORK OF 19 AFFILIATES ACROSS 13 STATES AND THE DISTRICT OF COLUMBIA, HOMEAID COMPLETED 104 NEW PROJECTS, WHICH INCLUDED SEVERAL TINY HOME PROJECTS, HOUSING FOR VICTIMS OF SEX TRAFFICKING, FOSTER YOUTH, PREGNANT MINORS AND THEIR CHILDREN, VETERANS, FAMILIES, AND THOSE SUFFERING FROM DEVELOPMENTAL DISABILITIES, ADDICTIONS OR MEDICAL CONDITIONS. THESE DEVELOPMENTS CREATED 666 BEDS, SERVING OVER 22,000 PEOPLE, WITH A TOTAL PROJECT VALUE OF $9 MILLION AND A COST SAVINGS TO THE SERVICE PROVIDERS OF $5 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Balfour Director | Trustee | 0.5 | $0 |
Ken Balogh Director | Trustee | 0.5 | $0 |
Jason Behunin Director | Trustee | 0.5 | $0 |
Elena Bennett Director | Trustee | 0.5 | $0 |
Brad Blank Director | Trustee | 0.5 | $0 |
Julie Brinkerhoff-Jacobs Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,943 |
| Related organizations | $0 |
| Government grants | $171,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,010,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,252,563 |
| Total Program Service Revenue | $161,788 |
| Investment income | $11,476 |
| 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 | $3,426,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,488,247 |
| 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. | $231,888 |
| Compensation of current officers, directors, key employees. | $69,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,913 |
| Pension plan accruals and contributions | $7,016 |
| Other employee benefits | $47,917 |
| Payroll taxes | $52,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,833 |
| Advertising and promotion | $1,580 |
| Office expenses | $33,175 |
| Information technology | $2,388 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,527 |
| Insurance | $200,712 |
| All other expenses | $0 |
| Total functional expenses | $2,837,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,139 |
| Savings and temporary cash investments | $721,176 |
| Pledges and grants receivable | $20,010 |
| Accounts receivable, net | $70,272 |
| 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 | $190,182 |
| Net Land, buildings, and equipment | $3,371 |
| Investments—publicly traded securities | $248,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,281,876 |
| Accounts payable and accrued expenses | $168,927 |
| 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 | $106,104 |
| Total liabilities | $275,031 |
| Net assets without donor restrictions | $1,580,311 |
| Net assets with donor restrictions | $426,534 |
| 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 | $2,281,876 |
Grants Awarded
Over the last fiscal year, Homeaid America Inc has awarded $1,482,030 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HOMEAID ATLANTA PURPOSE: ZONDA UNRESTRICTED FUNDING B OF A CARE DAY | $6,380 |
HOMEAID COLORADO PURPOSE: B OF A-WORKS PROGRAM; ZONDA-UNRESTRICTED FUNDING | $17,466 |
HOMEAID HAWAII PURPOSE: MAUI HOUSING INITIATIVE FUNDING | $1,295,700 |
HOMEAID INLAND EMPIRE PURPOSE: B OF A FUNDING-CARE DAY; ACCOUNTING SERVICES REFUND | $7,014 |
HOMEAID LOS ANGELES PURPOSE: B OF A FUNDING-WORKS PROGRAM; ACCOUNTING SERVICES REFUND | $9,989 |
HOMEAID NAT'L CAPITAL REGION PURPOSE: B OF A FUNDING-CARE DAY; ZONDA-UNRESTRICTED FUNDING | $6,886 |