Noah Homes Inc
- Assets
- $17.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 181
- Location
- Spring Valley, CA
- Founding
- 11/1996
- Data as of
- 06/2022
- EIN
- 95-3821566
Organization Overview
Noah Homes Inc is located in Spring Valley, CA. The organization was established in 1996. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Noah Homes Inc employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noah 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 06/2022, Noah Homes Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL RESIDENTIAL SERVICES AND OPPORTUNITIES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE ACTIVITY OF THE ORGANIZATION IS THE OPERATION OF HOMES FOR 90 DEVELOPMENTALLY DISABLED CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Iacono President | OfficerTrustee | 1 | $0 |
Drmary O'connor Vice President | OfficerTrustee | 1 | $0 |
Adam Larson Treasurer | OfficerTrustee | 1 | $0 |
Jill Lozier Assistant Treasurer | Trustee | 1 | $0 |
Molly Nocon CEO | OfficerTrustee | 40 | $197,300 |
Philip Curtis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,801 |
| Related organizations | $217,683 |
| Government grants | $83,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,137,087 |
| Noncash contributions included in lines 1a–1f | $233,222 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,688,109 |
| Total Program Service Revenue | $6,129,045 |
| Investment income | $55,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$101,588 |
| Net Income from Fundraising Events | $452,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,296,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $299,143 |
| Compensation of current officers, directors, key employees. | $89,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,190,434 |
| Pension plan accruals and contributions | $148,543 |
| Other employee benefits | $494,173 |
| Payroll taxes | $319,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,021 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,535 |
| Advertising and promotion | $35,959 |
| Office expenses | $105,465 |
| Information technology | $47,950 |
| Royalties | $0 |
| Occupancy | $420,256 |
| Travel | $15,962 |
| 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 | $545,505 |
| Insurance | $138,202 |
| All other expenses | $16,309 |
| Total functional expenses | $7,518,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,322 |
| Savings and temporary cash investments | $53,340 |
| Pledges and grants receivable | $162,205 |
| Accounts receivable, net | $1,376,260 |
| 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 | $49,174 |
| Net Land, buildings, and equipment | $10,962,055 |
| Investments—publicly traded securities | $3,084,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,408,174 |
| Total assets | $17,594,653 |
| Accounts payable and accrued expenses | $268,573 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $289,826 |
| Total liabilities | $563,399 |
| Net assets without donor restrictions | $15,435,846 |
| Net assets with donor restrictions | $1,595,408 |
| 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 | $17,594,653 |