Love Home Inc
- Assets
- $291.7k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Inglewood, CA
- Founding
- 11/2014
- Data as of
- 12/2020
- EIN
- 46-5728203
Organization Overview
Love Home Inc is located in Inglewood, CA. The organization was established in 2014. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Love Home 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 12/2020, Love Home Inc generated $2.0m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2020. While expenses have increased by 93.8% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SUUPPORIVE HOUSING WITH A SAFE AND COMPASSIONATE ENVIRONMENT AND ASSITANCE FOR THOSE IN NEED OUR MOST SIGNIFICANT ACTIVITY IS PROVIDING SHARED SUPPORTIVE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARED INTERIM SUPPORTIVE HOUSING FOR MEN AND WOMEN 18 AND OLDER (NON-COED).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zina Love CEO | Trustee | 40 | $108,000 |
Lisa Dolphin Board Member | Trustee | 40 | $39,520 |
Richard Steptoe Secretary | Trustee | 4 | $0 |
David Dolphon Treasurer | Trustee | 4 | $0 |
Donna Frey Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,792,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,796,322 |
| Total Program Service Revenue | $158,770 |
| Investment income | $6 |
| 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 | $1,955,098 |
| 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. | $145,249 |
| Compensation of current officers, directors, key employees. | $37,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $682,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $194,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,623 |
| Fees for services: Accounting | $39,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,407 |
| Office expenses | $29,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,957 |
| All other expenses | $68,666 |
| Total functional expenses | $1,980,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,251 |
| Savings and temporary cash investments | $87,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $80,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $291,669 |
| Accounts payable and accrued expenses | $30,735 |
| Grants payable | $15,000 |
| 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 | $28,961 |
| Total liabilities | $74,696 |
| Net assets without donor restrictions | $216,973 |
| 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 | $291,669 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Love Home Inc has recieved totaling $51,750.
| Awarding Organization | Amount |
|---|---|
Social Venture Partners Los Angeles Inc Los Angeles, CA PURPOSE: 2021 Supporting Frontline Workers Grant | $51,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Next Move Homeless Services Sacramento, CA | $8,447,671 | $14,808,521 |
Homeward Bound Of Marin Novato, CA | $46,962,235 | $20,804,885 |
Berkeley Student Cooperative Inc Berkeley, CA | $57,970,092 | $10,593,922 |
Alameda County Homeless Action Center Berkeley, CA | $12,265,605 | $9,695,945 |
Operation Dignity Inc Oakland, CA | $4,987,460 | $8,555,959 |
On The Rise Inc Barstow, CA | $1,107,215 | $5,933,526 |
East County Transitional Living Center Inc El Cajon, CA | $1,910,869 | $5,548,107 |
Century Villages At Cabrillo Inc Culver City, CA | $30,721,110 | $4,907,626 |
Dignitymoves San Francisco, CA | $10,348,267 | $5,610,876 |
Ascencia Glendale, CA | $5,834,475 | $6,191,753 |
Grandmas House Of Hope Anaheim, CA | $3,883,799 | $4,297,846 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |