Home Preservation & Prevention Inc
- Assets
- $16.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 80-0597884
Organization Overview
Home Preservation & Prevention Inc is located in Long Beach, CA. The organization was established in 2011. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Preservation & Prevention 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, Home Preservation & Prevention Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 23.2% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HUD APPROVED HOUSING COUNSELING AGENCY PROVIDING FINANCIAL EDUCATION FOCUSED ON EFFECTIVE DEBT MANAGEMENT PROVIDNG CONSUMERS WITH TOOLS AND RESOURCES AND CREATING AFFORDABLE HOUSING OPPORTUNITIES TO BECOME POTENTIAL HOME BUYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH: DOOR TO DOOR CONSUMER ENGAGEMENT HELPING OVER 130,000 FAMILIES AND INDIVIDUALS WHEN CONSUMERS ARE APPROVED BY THE TEAM VIA DOOR KNOCKING OR AT COMMUNITY FAIRE AND WORKSHOP SETTING CONSUMERS ARE GIVEN INFORMATION OR HAVE MINI QUESTION ANSWER TIME TO SPEAK WITH CERTIFIED COUNSELORS REGARDING THEIR SITUATION AND THEN IN TURN ARE DIRECTED TO VISIT OUR OFFICES FOR ADDITIONAL ASSISTANCE. PLEASE NOTE ALL OF OUR SERVICES ARE FREE. OUR REACH CAN BE COMPLETED VIA ONE ON ONE OR WORKSHOP AND ONLINE.
FORECLOSURE PREVENTION EDUCATION: TRIAGE ASSESS PROVIDES A PLAN OF ACTION TO HELP FAMILIES AND INDIVIDUALS IMPACTED BY FORECLOSURE TO HELP THEM SUSTAIN THEIR HOMES. THIS INVOLVES HELPING CONSUMERS PUT THE PAPERWORK TOGETHER TO SUBMIT TO THE LENDER/SERVER OR HELP CONSUMERS REVIEW THEIR BUDGETS FOR SHORT TERM ACTION PLANS TO LONG TERM ACTION PLANS. CONSUMERS IN THESE POSITIONS ARE ASSISTED IN NOT ONLY THE FINANCIAL COACHING SIDE, WE ALSO HELP IN ADVOCATING FOR CONSUMERS WHEN INSITUTIONS ARE NOT HELPING CONSUMERS DURING THEIR TIME FOR FINANCIAL HARDSHIP. PROGRAMS OFFERED AND REVIEWED WOULD MAKE HOMES AFFORDABLE AND KEEPING THEIR HOME IN CALIFORNIA. AT TIMES CLIENTS ARE COUNSELED REGARDING THE DISPOSITION OF PROPERTY AND RELOCATION TO A NEW RESIDENCE THAT OUR TEAM COMPLETES THAT ACTION PLAN FOR HOW THAT WOULD BE COMPLETED.
FINANCIAL EMPOWERMENT AND BUDGET EDUCATION: ENGAGE CONSUMERS IN HOW TO MANAGE FINANCES, TEACH CLIENTS TO USE THE QUICKBOOKS ONLINE TOOLS TO HELP IN MANAGING FINANCES, REVIEW INCOME VERSUS LIABILITIES AND VERSUS MONTHLY EXPENSES TO FIND WAYS TO ELIMINATE DEFICITS AND CREATE SURPLUSES. TEACH HOW TO UTLITIZE SURPLUSES TO OFFSET DEBT AND CREATE INCOME TO BEGIN TO PAY OFF BILLS AND IMPROVE CREDIT. OUR MISSION IS TO TEACH FAMILIES AND INDIVIDUALS HOW TO CREATE ASSETS AND WEALTH ALONG WITH SAVING AND LIVING WITHIN YOUR MEANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Peoples Mc Gill President & CEO | OfficerTrustee | 30 | $4,977 |
Paulette Price Secretary | OfficerTrustee | 30 | $0 |
Dione Luna Director | OfficerTrustee | 30 | $0 |
Chelsea Scot Treasurer | OfficerTrustee | 30 | $0 |
Charminda Fernando CFO | Trustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,436,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,436,788 |
| Total Program Service Revenue | $35,983 |
| Investment income | $16 |
| 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 | $1,472,787 |
| 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. | $4,977 |
| Compensation of current officers, directors, key employees. | $995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $238 |
| 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 | $766,198 |
| Advertising and promotion | $54,717 |
| Office expenses | $0 |
| Information technology | $74,516 |
| Royalties | $0 |
| Occupancy | $195,916 |
| Travel | $23,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,548 |
| Insurance | $6,289 |
| All other expenses | $106,807 |
| Total functional expenses | $1,412,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,762 |
| Savings and temporary cash investments | $0 |
| 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 | $6,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $16,634 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $16,634 |
| 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 | $16,634 |