Pacific Homes Foundation
- Assets
- $38.5m
- Revenue
- $4.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 09/1985
- Data as of
- 03/2022
- EIN
- 95-3862907
Organization Overview
Pacific Homes Foundation is located in Glendale, CA. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Homes 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 03/2022, Pacific Homes Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $884.7k during the year ending 03/2022. While expenses have increased by 1.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES DIRECT ASSISTANCE TO RESIDENTS WHO EXPERIENCE FINANCIAL HARDSHIP AS WELL AS RAISES & DISTRIBUTES FUNDS FOR PURCHASE OF EQUIPMENT TO IMPROVE RESIDENTS' QUALITY OF LIFE.
Describe the Organization's Program Activity:
OTHER FINANCIAL SUPPORT AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn North Chairman | OfficerTrustee | 1 | $0 |
Eduardo Salvador Cfo/secretary | Officer | 1 | $0 |
John Woodward CEO | Officer | 1 | $0 |
Joseph Butler Assistant Secretary | Officer | 1 | $0 |
Robert Chillison Director | Trustee | 1 | $0 |
Alice Coulombe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,590,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,590,063 |
| Total Program Service Revenue | $0 |
| Investment income | $1,699,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,145,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,435,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $878,851 |
| 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. | $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 | $2,000 |
| 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 | $1,850 |
| 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 | $20 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $884,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,351 |
| 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 | $35,849,916 |
| Investments—other securities | $1,122,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $528,287 |
| Total assets | $38,541,264 |
| 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 | $1,234,185 |
| Total liabilities | $1,234,185 |
| Net assets without donor restrictions | $15,791,393 |
| Net assets with donor restrictions | $21,515,686 |
| 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 | $38,541,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pacific Homes Foundation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,000 |
Endowment Analysis
| Beg. Balance | $2,993,994 |
| Earnings | $542,243 |
| Net Contributions | $9,392,837 |
| Ending Balance | $12,929,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership for Haas Preeminence Menlo Park, CA | $343,955 | $8,298,368 |
Wellnessworx Inc Oxnard, CA | $109,819 | $38,223,719 |
Loma Linda University Health Loma Linda, CA | $16,970,840 | $32,964,289 |
Sun Health Services Sun City West, AZ | $226,573,617 | $23,867,494 |
Sequoia Hospital Foundation Redwood City Ca, CA | $24,695,467 | $5,009,692 |
Keiro Services Los Angeles, CA | $85,934,408 | $1,046,146 |
Creighton University Arizona Health Education Alliance Phoenix, AZ | $1,380,752 | $3,660,850 |
California Medical Association Properties Inc Sacramento, CA | $31,213,733 | $2,769,085 |
Covenant Health Network Phoenix, AZ | $1,059,787 | $3,272,102 |
Community Pathways Portland, OR | $2,518,524 | $2,996,605 |
Reproductive Health Investors Alliance Inc San Francisco, CA | $3,893,579 | $451,000 |
Los Angeles County Usc Medical Center Auxiliary Los Angeles, CA | $1,854,785 | $2,822,197 |