Belola Foundation
- Assets
- $136.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palmdale, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1968766
Organization Overview
Belola Foundation is located in Palmdale, CA. 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. Belola 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 12/2023, Belola Foundation generated $136.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $24.3k during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PURCHASED REAL ESTATE AND WITH IT PROVIDED AFFORDABLE RENTALS FOR LOW/VERY LOW-INCOME INDIVIDUALS, AS DEFINED BY HUD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Price President & Director | 5 | $0 | |
David Price Vp, Secretary, Treasurer & | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,000 |
| Total Program Service Revenue | $7,852 |
| Membership dues | $0 |
| Investment income | $585 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,437 |
| 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 | $2,233 |
| Occupancy, rent, utilities, and maintenance | $5,368 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,695 |
| Total expenses | $24,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,288 |
| Other assets | $0 |
| Total assets | $136,334 |
| Total liabilities | $0 |
| Net assets or fund balances | $136,334 |