Brighter Future
- Assets
- $3.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 35-2440967
Organization Overview
Brighter Future is located in El Segundo, CA. The organization was established in 2012. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighter Future 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 12/2022, Brighter Future generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.2%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Enrique Valez Board Member | 10 | $0 | |
Esteban Dupont Board Member | 10 | $0 | |
Mila Larios CEO & President | 40 | $0 | |
Jeff Mahony Board Member | 10 | $0 | |
Jennifer Solis-Ball Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,560 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,560 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,091 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,720 |
| Total expenses | $35,811 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,287 |
| Other assets | $0 |
| Total assets | $3,029 |
| Total liabilities | $128,346 |
| Net assets or fund balances | -$125,317 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brighter Future has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sierra View Homes Reedley, CA | $19,121,323 | $9,336,568 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Lesley Foundation Half Moon Bay, CA | $72,424,363 | $9,471,607 |
Poway Rhf Housing Inc Long Beach, CA | $17,618,312 | $6,864,713 |
Eskaton Village-Roseville Carmichael, CA | $14,131,518 | $7,157,202 |
Christian Church Homes Oakland, CA | $127,962,855 | $15,314,492 |
Redwood Senior Homes & Services Corporation Glendale, CA | $0 | $6,895,755 |
Fsl Home Improvements Phoenix, AZ | $1,605,985 | $7,729,141 |
Blp Partnership Inc San Francisco, CA | $16,888,941 | $6,481,855 |
San Carlos Development Corporation San Carlos, CA | $21,724,866 | $7,865,627 |
Mercy Mcmahon Terrace San Francisco, CA | $29,401,654 | $7,987,529 |
Park Place Rhf Housing Long Beach, CA | $11,656,884 | $7,027,739 |