The Foundation
- Assets
- $734.5k
- Revenue
- $118.7k
- Investments
- $53.4k
- Employees
- 0
- Location
- Hawthorne, CA
- Founding
- 05/1998
- Data as of
- 06/2023
- EIN
- 95-4656856
Organization Overview
The Foundation is located in Hawthorne, CA. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2023, Foundation generated $118.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $104.1k during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH TO THE LA HOUSING MARKET CONTINUES BY ASSISTING LOWER INCOME FAMILIES WITH AFFORDABLE HOUSING. IN ORDER TO COMPLY WITH GOVERNMENT CODE REQUIREMENTS, THE CURRENT FACILITIES REQUIRED SOME INFRASTRUCTURE MODICFICATION. THIS WORK HAS ALLOWED US TO CONTINUE WORKING WITH LOCAL GOVERNMENT AGENCIES TO PROVIDE SAFE AND SECURE HOUSING IN THE CITY OF LOS ANGELES. THE FOUNDATION CONTINUES TO PROVIDE ASSISTANCE TO DRUG REHAB FACILITIES THROUGH OUR WEB BASED RESOURCES. IN AN EFFORT TO EXPAND ITS IMPACT BEYOND THE DOMESTIC BORDERS, AND INTERNATIONALLY, THE FOUNDATION HAS BEGUN TO RESEARCH OTHER POSSIBLE ZONES OF INFLUENCE. TO THAT END, THE LAND OF ISRAEL HAS BEEN CONSIDERED AS A POTENTIAL REGION. INITIALLY, WE ARE RESEARCHING THE MOST REALISTIC AREA OF NEED WE MIGHT BE ABLE TO ADDRESS. WE HOPE TO DEVELOP A PROGRAM, IN THE NEAR FUTURE, THAT WE MAY UNDERTAKE AS AN ADJUNCT TO OUR CURRENT ACTIVITIES.
MISC. DONATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,895 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,846 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $28,625 |
| Taxes | $3,707 |
| Depreciation | $12,834 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,034 |
| Printing and publications | $0 |
| Other expenses | $33,976 |
| Total operating and administrative expenses | $104,099 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $104,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,713 |
| Savings and temporary cash investments | $211,407 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,399 |
| Net Land, buildings, and equipment | $401,307 |
| Other assets | $650 |
| Total assets | $734,476 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $578,319 |
| Total liabilities | $578,319 |