Vb Home Now Inc is located in Virginia Beach, VA. The organization was established in 2017. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, 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. Vb Home Now 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, Vb Home Now Inc generated $114.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $205.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vb Home Now Inc has awarded 25 individual grants totaling $539,185. 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
THE ORGANIZATION'S MISSION IS TO MOBILIZE THE LOCAL COMMUNITY TO HELP THE NEEDIEST AMONG US BY SUPPORTING AND ENHANCING THE COMMUNITY SYSTEM OF SERVICES, PROGRAMS, AND FACILITIES THAT WORK TO PREVENT AND MAKE HOMELESSNESS RARE, BRIEF AND NONRECURRING. THE MISSION IS ACCOMPLISHED THROUGH FUND RAISING AND PROVIDING RESOURCES INTO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A GRANT TO THE JUDEO-CHRISTIAN OUTREACH CENTER. TO PROVIDE FINANCIAL ASSISTANCE TO PEOPLE PARTICIPATING IN THE EMERGENCY SHELTER AND RAPID REHOUSING PROGRAMS. THIS FUNDING WILL ASSIST A MINIMUM OF 30 ADULT INDIVIDUALS WITH MOVE-IN AND RENTAL ASSISTANCE TO SECURE PERMANENT HOUSING. FUNDING WILL ALSO ASSIST A MINIMUM OF 10 INDIVIDUALS WITH EMERGENCY RENTAL ASSISTANCE TO SUSTAIN HOUSING.
OTHER SERVICE ACCOMPLISHMENTS INCLUDE FUNDS FOR PROVIDING FEMININE HYGIENE KITS TO WOMEN EXPERIENCING HOMELESSNESS; FUNDS FOR BUS TRANSPORTATION, MOVE-IN KITS, COOKWARE, AND BASIC HOUSEHOLD ESSENTIALS, UTILITY COSTS AND RESOURCE MATERIALS FOR HOMELESS PERSONS. PROVIDE FUNDS FOR YOUTH (UP TO 24 YEARS OF AGE) TO MAINTAIN THEIR EMERGENCY SHELTER PROGRAM. DIRECT HOMELESS INDIVIDUALS TO A WIDE RANGE OF MENTAL, PHYSICAL AND BEHAVIORAL HEALTH SERVICES, FITNESS AND NUTRITION PROGRAMS, HOUSING SUPPORT FINANCIAL SERVICES, AND DEPOSIT AND RENTAL ASSISTANCE AND LANDLORD ENGAGEMENT.
THE ORGANIZATION PROVIDED A GRANT TO THE VIRGINIA BEACH EDUCATION FOUNDATION IN PARTNERSHIP WITH VBCPS TO BE USED TO SUPPLY "BEACH BAGS" WEEKLY DURING THE SCHOOL YEAR (35 WEEKS) TO STUDENTS IDENTIFIED AS HOMELESS AND/OR NEEDY. EACH BAG CONTAINS 10 SHELF STABLE FOOD ITEMS TO SUSTAIN THE STUDENTS OVER WEEKENDS AND SCHOOL BREAKS. IN TOTAL, THE FUNDS PROVIDED OVER 4,000 BEACH BAGS TO STUDENTS THAT HAD BEEN IDENTIFIED AS HOMELESS AND EXPERIENCING FOOD INSECURITY.
THE ORGANIZATION PROVIDED FUNDS TO THE HOUSING RESOURCE CENTER ("HRC") AND THE VIRGINIA BEACH DEPARTMENT OF HOUSING AND NEIGHBORHOOD PRESERVATION TO PROVIDE DEPOSITS FOR HOMELESS PERSONS TO OBTAIN HOUSING, PREVENTION OF PERSONS BEING EVICTED FROM THEIR HOMES AND BECOMING HOMELESS, LANDLORD RECRUITMENT TO OBTAIN HOUSING FOR HOMELESS PERSONS, AND VARIOUS SUPPLIES UTILIZED BY RESIDENTS AT HRC. SPECIFICALLY, $61,475 WAS USED TO PAY APARTMENT COMPLEXES AND PROPERTY OWNERS TO PREVENT NEEDY PERSONS FROM BEING EVICTED FROM THEIR HOMES; $14,790 WAS USED TO PROVIDE SECURITY DEPOSITS AND RENT TO OBTAIN HOUSING FOR PERSONS THAT WERE HOMELESS; $6,860 WERE PAID TO LANDLORDS FOR RECRUITMENT OF HOUSING OPTIONS FOR NEEDY HOMELESS PERSONS; AND $1,150 SPENT ON VARIOUS SUPPLIES UTILIZED BY RESIDENTS AT HRC. THE HRC IS A ONE-STOP SHOP OF SERVICES FOR FAMILIES AND INDIVIDUALS EXPERIENCING HOMELESSNESS OR A HOUSING CRISIS. DURING 2023 HRC CELEBRATED ITS FIVE-YEAR ANNIVERSARY. WHEN IT OPENED IN 2018, IT BECAME THE FIRST FACILITY OF ITS KIND IN SOUTH HAMPTON ROADS, VIRGINIA TO INTEGRATE AND CO-LOCATE SHELTER, HOUSING AND ANCILLARY HOMELESS SUPPORT SERVICES IN ONE BUILDING. THE HRC PROVIDES 29 ONE-BEDROOM EFFICIENCY APARTMENTS; 10 MOTEL-STYLE FAMILY SHELTER ROOMS (40 BEDS); 55 SINGLE SHELTER BEDS; DAY SERVICES THAT INCLUDE SHOWERS, LAUNDRY, MAIL AND HOUSING SUPPORT; A DINING HALL PROVIDING MEALS TO DAY SERVICES AND HRC SHELTER PARTICIPANTS; A COMPREHENSIVE PRIMARY CARE HEALTH CENTER; AND VARIOUS HOMELESS AND HUMAN SERVICES. DURING THIS FIVE-YEAR PERIOD, 829 ADULTS WERE PROVIDED SHELTER IN THE SINGLES SHELTER AT HRC; 2,200 UNSHELTERED ADULTS WERE PROVIDED DAY SERVICES; 438 INDIVIDUALS (ADULTS AND CHILDREN) WERE PROVIDED SHELTER IN THE FAMILY SHELTER AT HRC; APPROXIMATELY 140,000 MEALS WERE SERVED; AND 3,944 PATIENTS WERE SERVED AT THE HEALTH CENTER. THE HRC AND THE DEPARTMENT OF HOUSING AND NEIGHBORHOOD PRESERVATION RECEIVED OVER 12,000 REFERRALS FOR PREVENTION SERVICES. IN ADDITION TO THE HOUSING PROVIDED BY HRC, OVER 2,200 HOUSEHOLDS WERE PREVENTED FROM BECOMING HOMELESS, AND 368 HOMELESS HOUSEHOLDS WERE DIVERTED TO ALTERNATIVE HOUSING OPPORTUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Raymond Bjorkman President | OfficerTrustee | 10 | $0 |
Deborah Baisden Vice President | OfficerTrustee | 5 | $0 |
Theodore Salter Treasurer | OfficerTrustee | 3 | $0 |
Joshua Coe Secretary | OfficerTrustee | 3 | $0 |
John Edwards Director | Trustee | 1 | $0 |
Mary Donnan Harrison Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $74,848 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $124,848 |
Total Program Service Revenue | $0 |
Investment income | $7,345 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$17,588 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $114,605 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $203,513 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $1,410 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $453 |
All other expenses | $325 |
Total functional expenses | $205,701 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $611,843 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $611,843 |
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 | $535,500 |
Net assets with donor restrictions | $76,343 |
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 | $611,843 |
Over the last fiscal year, Vb Home Now Inc has awarded $163,550 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
VIRGINIA BEACH EDUCATION FOUNDATION INC PURPOSE: To provide meals to homeless and needy school students. See Part III 4b for further details | $21,000 |
VIRGINIA SUPPORTIVE HOUSING PURPOSE: Provide emergency rent assistance and security/utility deposits for new apartment leases in Virginia's mixed income communities that serve individuals who are homeless or low income. Additionally, funds provide support to a landlord assistance program that seeks to enhance communication with landlords and eliminate bias landlords may have toward the homeless seeking shelter. | $9,000 |
VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION PURPOSE: To provide financial assistance for utilities such as electricity, water/sewer and/or natural gas utility bills to needy individuals and veterans and help prevent these residents from returning to homelessness. The funding is expected to assist 30 households in need. | $10,000 |
MOMS ON A MISSION PURPOSE: To provide funding that will minimize the effects of homelessness by providing necessary household essentials like linens, toiletries, and cleaning supplies to individuals and families as they transition to independent living. Moms on a Mission strategically partners with several local shelters that provides emergency housing for individuals and families and with the Virginia Beach Schools to support students experiencing homelessness or a housing crisis. | $10,000 |
CONNECT WITH A WISH PURPOSE: Provide funding to help youth aging out of foster care transition to permanent housing opportunities. The funding will assist 10-20 youth with financial assistance in the form of move-in expenses, rent, utilities and transportation. It will also provide temporary emergency shelter for at-risk youth until permanent, safe housing is attained. | $15,000 |
STAND UP FOR KIDS PURPOSE: Provide funding to maintain the Youth Emergency Shelter Program. With the funding, Stand Up for Kids will cover the annual cost of 2 emergency shelter (hotel) rooms. The emergency shelter program gets young homeless people off the streets and gives them a safe space to have their most basic needs met. | $12,500 |