Foundation Homes Inc
- Assets
- $151.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2021
- EIN
- 85-4377531
Organization Overview
Foundation Homes Inc is located in Las Vegas, NV. 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. Foundation Homes 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, Foundation Homes Inc generated $76.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $75.1k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ORGANIZATION RECEIVED ADDITIONAL CONTRIBUTION TO BE USED FOR AFFORDABLE HOUSING. AFTER SEARCHING FOR AFFORDABLE HOUSING IN THE CONNECTICUT AREA UNSUCCESSFULLY, THE DIRECTOR ATTENDED TRAINING CLASSES RELATING TO OTHER TYPES OF AFFORDABLE HOUSING AND SECURING REAL ESTATE, INCLUDING RESIDENTIAL ASSISTED LIVING. THE NONPROFIT THEN DECIDED TO LOOK IN OTHER STATES SUCH AS TEXAS TO SECURE AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Funda Kopp President | 5 | $0 | |
Matthew H Kopp Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,500 |
| Total Revenue | $76,500 |
| 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 | $16,526 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,615 |
| Total expenses | $75,141 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,209 |
| Other assets | $0 |
| Total assets | $151,209 |
| Total liabilities | $50,000 |
| Net assets or fund balances | $101,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Immanuel Sobriety Moreno Valley, CA | $0 | $1,740,027 |
Valley Recovery Resources Modesto, CA | $1,757,486 | $2,371,756 |
Love Home Inc Inglewood, CA | $291,669 | $1,955,098 |