Vb Home Now Inc
- Assets
- $675.4k
- Revenue
- $238.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-1460498
Organization Overview
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 12/2021, Vb Home Now Inc generated $238.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $80.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vb Home Now Inc has awarded 15 individual grants totaling $465,985. 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
2021
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 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 SERVE HOMELESS ADULT INDIVIDUALS WITH SECURITY DEPOSITS NEEDED TO SECURE PERMANENT AND AFFORDABLE HOUSING OPPORTUNITIES AS WELL AS HELP CLIENTS WHO ARE NOT YET FULLY SELF SUPPORTING WITH EMERGENCY RENTAL ASSISTANCE. THE GRANT HELPED HOMELESS INDIVIDUALS AND CLIENTS IN THREE EXISTING HOUSING PROGRAMS (1) EMERGENCY HOUSING (SHELTER), (2) VETERANS TRANSITIONAL HOUSING AND (3) RAPID REHOUSING INITIATIVES. SPECIFICALLY, $5,000 OF THE GRANT WAS USED FOR EMERGENCY HOUSING AND MOVE IN ASSISTANCE, AND $5,000 WAS USED FOR MOVE IN ASSISTANCE FOR VETERANS TRANSITIONAL HOUSING.
THE ORGANIZATION PROVIDED A GRANT TO THE VIRGINIA BEACH EDUCATION FOUNDATION TO BE USED TO SUPPLY "BEACH BAGS" WEEKLY DURING THE SCHOOL YEAR (35 WEEKS) TO 171 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 BY VB HOME NOW PROVIDED OVER 6,000 BEACH BAGS TO STUDENTS THAT HAD BEEN IDENTIFIED AS HOMELESSNESS AND EXPERIENCING FOOD INSECURITY.
THE ORGANIZATION PROVIDED FUNDS TO THE HOUSING RESOURCE CENTER ("HRC") FOR 2 NEW STORAGE CONTAINERS THAT ARE USED TO STORE CLOTHING, NON-PERISHABLE FOOD, HYGIENE ITEMS, BOTTLED WATER, LINENS AND OTHER ITEMS DONATED BY THE PUBLIC FOR USE BY UNSHELTERED INDIVIDUALS AND OTHERS MOVING FROM HOMELESSNESS TO HOUSING AND HELP THEM TO SETTLE IN; INCLUDING INDIVIDUALS HOUSED AT THE HRC. THE HRC HOLDS PERIODIC COMMUNITY DONATION DRIVES IN AN EFFORT TO FILL THE CONTAINERS. THE COST OF THE CONTAINERS ALSO INCLUDED STIPENDS PAID TO THE RESIDENTS OF THE HRC TO PAINT THE STORAGE CONTAINERS WITH ASSISTANCE FROM A LOCAL ARTIST.
OTHER SERVICE ACCOMPLISHMENTS INCLUDE PROVIDING FUNDS FOR BUS TRANSPORTATION, UTILITY COSTS AND RESOURCE MATERIALS FOR HOMELESS PERSONS DIRECTING THEM TO A WIDE RANGE OF MENTAL, PHYSICAL AND BEHAVIORAL HEALTH SERVICES, WE WELL AS HYGIENE AND SAFETY PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Bjorkman President | OfficerTrustee | 10 | $0 |
Deborah Baisden Vice President | OfficerTrustee | 10 | $0 |
Theodore Salter Treasurer | OfficerTrustee | 5 | $0 |
Joshua Coe Secretary | OfficerTrustee | 5 | $0 |
John Edwards Director | Trustee | 1 | $0 |
Mary Donnan Harrison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $190,723 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,000 |
| Noncash contributions included in lines 1a–1f | $1,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,723 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,457 |
| Grants and other assistance to domestic individuals. | $1,754 |
| 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 | $783 |
| 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 | $716 |
| All other expenses | $35 |
| Total functional expenses | $80,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $675,357 |
| 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 | $675,357 |
| 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 | $643,117 |
| Net assets with donor restrictions | $32,240 |
| 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 | $675,357 |
Grants Awarded
Over the last fiscal year, Vb Home Now Inc has awarded $56,985 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Virginia Beach, VA PURPOSE: Provide meals to homeless and needy school students. See Part III 4 for further description. | $14,000 |
Virginia Beach, VA PURPOSE: Serve homeless adult individuals with security deposits needed to secure permanent and affordable housing as well as help homeless individuals that are not yet fully self-supporting with emergency rental assistance. | $10,000 |
Norfolk, VA PURPOSE: Provided move-in assistance and financial assistance including cookware, toiletries, cleaning supplies, bedding and other household items to up to 25 needy households, as well as paying renter's insurance and other expenses required by landlords upon lease signing. | $8,500 |
Virginia Beach, VA PURPOSE: To provide utility and transportation assistance for Disabled and/or homeless veterans. | $7,000 |
Virginia Beach, VA PURPOSE: Provides women facing housing insecurity access to safe feminine hygiene products to reduce the risk of health emergencies. Adequate care to a women's menstrual cycle is essential to overall physical and mental health. | $6,285 |
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 with low incomes. | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vb Home Now Inc has recieved totaling $73,030.
| Awarding Organization | Amount |
|---|---|
Charles Barker Champions For Charity Inc Virginia Beach, VA | | $47,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $14,000 |
Veterans United Foundation Columbia, MO PURPOSE: 10 YEARS: HOUSING RESOURCE CENTER: FAMILY SHELTER | $10,000 |
Richard E Olivieri Family Foundation Inc Virginia Beach, VA PURPOSE: GENERAL | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Net Contributions | $99,000 |
| Other Expense | $2,760 |
| Ending Balance | $96,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For The Girls Wheaton, MD | $1,479,241 | $6,747,271 |
West Virginia Coalition To End Homelessness Inc Bridgeport, WV | $2,317,658 | $6,094,283 |
Miriams Kitchen Washington, DC | $5,984,794 | $8,193,619 |
Coalition For The Homeless Louisville, KY | $2,693,256 | $7,398,778 |
Coalition For The Homeless Inc Washington, DC | $8,210,055 | $6,494,266 |
Samaritan Inns Inc Washington, DC | $7,778,668 | $4,753,931 |
Rescue Mission Of Roanoke Inc Roanoke, VA | $11,303,940 | $5,672,596 |
Three Oaks Homeless Shelter Inc Lexington Park, MD | $3,850,234 | $5,125,353 |
Union Mission Ministries Inc Charleston, WV | $7,251,175 | $4,298,913 |
Charlotte Family Housing Inc Charlotte, NC | $3,736,350 | $3,379,237 |
Cabell - Huntington Coalition For The Homeless Inc Huntington, WV | $2,223,608 | $3,351,946 |
National Health Care For The Homeless Council Inc Nashville, TN | $2,211,639 | $3,205,943 |