Homes Of Promise Inc
- Assets
- $4.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Pomona, CA
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-4484696
Organization Overview
Homes Of Promise Inc is located in Pomona, CA. The organization was established in 2014. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Homes Of Promise Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes Of Promise 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, Homes Of Promise Inc generated $16.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HOMES OF PROMISE, INC. WAS ORGANIZED TO PROVIDE SOCIAL SERVICES, SOBER LIVING FACILITIES BENEFITING UNDERSERVED MEMBERS OF THE PUBLIC, AND PEOPLE IN TRANSITION, WHICH WILL LESSEN THE CORRESPONDING BURDEN OF THE GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Adamyk Chairman/ceo & CFO | 3 | $0 | |
Dave Hoff Treasurer | 3 | $0 | |
Sal Perez Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,365 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,471 |
| Total Revenue | $16,836 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $14,141 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,644 |
| Total expenses | $19,785 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,110 |
| Other assets | $0 |
| Total assets | $4,110 |
| Total liabilities | $199,249 |
| Net assets or fund balances | -$195,139 |