Glenns House Foundation
- Assets
- $74.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palmdale, CA
- Founding
- Data as of
- 12/2020
- EIN
- 84-3869362
Organization Overview
Glenns House Foundation is located in Palmdale, CA. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Glenns House Foundation 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, Glenns House Foundation generated $159.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $94.1k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE ENTITY PURCHASED REAL ESTATE IN 2020 IN KEEPING WITH THE MISSION TO SUPPORT LOW INCOME RESIDENTS WITH HOUSING ASSISTANCE. THE RESIDENTS WILL NOT HAVE RENT INCREASES AS LONG AS THEY REMAIN RENTING THIS PROPERTY. THE ENTITY PLANS ON ACQUIRING MORE REAL ESTATE IN THE FUTURE WITH NET RENTAL INCOME AND PROCEEDS FROM THE SALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Jolley President | 5 | $0 | |
Theresa Jolley Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,283 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $725 |
| Total Revenue | $159,008 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,833 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,269 |
| Total expenses | $94,102 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $376 |
| Other assets | $0 |
| Total assets | $74,876 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,876 |
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