Civic Intelligence

Foundations for Home and Community Inc.

990 • Fiscal year 2021 • EIN 31-1701722

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1634 London BoulevardPortsmouth, VA 23704

(757) 393-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.13x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

29th percentile

3.0%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

23rd percentile

$97,207

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

65th percentile

17%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-2.2%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$18,450,490

Up $2,625,787 (+17%) from 2020

Net Assets

Up

$17,942,786

Up $2,738,559 (+18%) from 2020

Liabilities

Down

$507,704

Down $112,772 (-18%) from 2020

Revenue

Down

$4,020,174

Down $90,902 (-2.2%) from 2020

Expenses

Up

$3,899,173

Up $26,187 (+0.7%) from 2020

Net Income

Down

$121,001

Down $117,089 (-49%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $15,872,361Liabilities 2010: $1,270,791Net Assets 2010: $14,601,5702010Assets 2011: $17,035,881Liabilities 2011: $1,235,787Net Assets 2011: $15,800,0942011Assets 2012: $16,937,861Liabilities 2012: $1,564,740Net Assets 2012: $15,373,1212012Assets 2013: $15,918,310Liabilities 2013: $862,707Net Assets 2013: $15,055,6032013Assets 2014: $16,242,439Liabilities 2014: $786,784Net Assets 2014: $15,455,6552014Assets 2015: $15,539,722Liabilities 2015: $337,523Net Assets 2015: $15,202,1992015Assets 2016: $15,185,378Liabilities 2016: $348,579Net Assets 2016: $14,836,7992016Assets 2017: $16,002,873Liabilities 2017: $260,894Net Assets 2017: $15,741,9792017Assets 2018: $15,747,415Liabilities 2018: $419,889Net Assets 2018: $15,327,5262018Assets 2019: $16,400,757Liabilities 2019: $1,113,618Net Assets 2019: $15,287,1392019Assets 2020: $15,824,703Liabilities 2020: $620,476Net Assets 2020: $15,204,2272020Assets 2021: $18,450,490Liabilities 2021: $507,704Net Assets 2021: $17,942,7862021Assets 2022: $16,558,173Liabilities 2022: $514,245Net Assets 2022: $16,043,9282022Assets 2023: $18,022,582Liabilities 2023: $753,052Net Assets 2023: $17,269,5302023Assets 2024: $19,227,922Liabilities 2024: $434,056Net Assets 2024: $18,793,8662024

Highlighted filing

2021

Assets$18,450,490
Liabilities$507,704
Net Assets$17,942,786

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $21,458,3122010Expenses 2011: $20,639,5042011Expenses 2012: $19,690,7322012Expenses 2013: $16,508,7232013Revenue 2014: $11,893,291Expenses 2014: $12,563,624Net Income 2014: -$670,3332014Revenue 2015: $9,053,264Expenses 2015: $9,148,144Net Income 2015: -$94,8802015Revenue 2016: $4,427,522Expenses 2016: $4,413,462Net Income 2016: $14,0602016Revenue 2017: $3,771,331Expenses 2017: $3,975,004Net Income 2017: -$203,6732017Revenue 2018: $4,037,030Expenses 2018: $4,909,568Net Income 2018: -$872,5382018Revenue 2019: $4,067,808Expenses 2019: $4,227,149Net Income 2019: -$159,3412019Revenue 2020: $4,111,076Expenses 2020: $3,872,986Net Income 2020: $238,0902020Revenue 2021: $4,020,174Expenses 2021: $3,899,173Net Income 2021: $121,0012021Revenue 2022: $4,051,248Expenses 2022: $3,364,076Net Income 2022: $687,1722022Revenue 2023: $4,105,075Expenses 2023: $4,153,588Net Income 2023: -$48,5132023Revenue 2024: $4,525,107Expenses 2024: $3,871,599Net Income 2024: $653,5082024

Highlighted filing

2021

Revenue$4,020,174
Expenses$3,899,173
Net Income$121,001
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.1
Gross Receipts
$4,020,174
Mission and Program Overview

Mission

To provide foster care services, case management, and behavioral health and education for at-risk children in the maryland and washington d.c. Areas.

Foundations for home and community is a treatment foster care program that services children, from newborn to age 21, who require out-of-home, community-based (continued on sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,796,097$17,702,316▲ $2,906,219
Cash and Non-Interest-Bearing Accounts$610,021$407,073▼ $202,948
Accounts Receivable$394,846$308,606▼ $86,240
Prepaid Expenses and Deferred Charges$14,830$25,007▲ $10,177
Land, Buildings, and Equipment, Net$8,909$7,488▼ $1,421
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$15,824,703$18,450,490▲ $2,625,787
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$620,476$507,704▼ $112,772
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$620,476$507,704▼ $112,772
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,204,227$17,942,786▲ $2,738,559
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$15,204,227$17,942,786▲ $2,738,559
Total Liabilities and Net Assets / Fund Balance$15,824,703$18,450,490▲ $2,625,787

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,488$32,628$40,116

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$14,796,097-▲ $2,982,906$0$17,702,316
2019$15,739,235-▲ $32,177$975,315$14,796,097
2018$15,263,152-▲ $676,083$200,000$15,739,235
2017$14,381,258-▲ $881,894-$15,263,152
2016$12,948,255-▲ $1,433,003-$14,381,258
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily MeyersProgram Manager in Lanham, MDPT$97,207$97,207
Rose BruzzoCEOPT$41,232$41,232

Board Members and Trustees

NameTitle
Latoya Wright-bonapartePresident & Chair
JULIA O'BRIENBoard Member
James MorrisBoard Member
Mary Beth SmithBoard Member
Mary ShineBoard Member
Robert SteigBoard Member
Roxanne MartinCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,654,826
Investment Income
$365,348
Other Revenue
$0
Change in Net Assets
$121,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,943,487
Revenue Not Reported on Financial Statements
$76,687
Revenue Not Reported on Form 990
$2,617,558
Total Revenue per Audited Statements
$6,561,045
Total Revenue per Form 990
$4,020,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,743,579
Salaries, Compensation, and Employee Benefits$155,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,693,717$39,451-$2,733,168
Fees for Services Management-$713,222-$713,222
Occupancy$137,048$12,140-$149,188
Current Officers, Directors, Trustees, and Key Employees$85,913$41,303-$127,216
Fees for Service Investment Mgmnt Fees-$76,687-$76,687
Fees for Services Accounting-$34,542-$34,542
Insurance-$22,332-$22,332
Other Salaries and Wages$13,986--$13,986
Payroll Taxes-$10,900-$10,900
Travel$5,802$-284-$5,518
Other Expenses$3,423--$3,423
Pension Plan Contributions$0$2,853$0$2,853
Interest-$2,810-$2,810
Depreciation Depletion$1,421--$1,421
Office Expenses$1,248--$1,248
Other Employee Benefits-$639-$639
Fees for Services Legal-$20-$20
Total Functional Expenses$2,942,558$956,615$0$3,899,173

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,899,173
Expenses per Audited Statements$3,822,486
Total Expenses per Audited Statements$3,822,486
Expenses Not Reported on Financial Statements$76,687
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

Foundations for home and community has delegated control over management and advisory duties to first home care.

FORM 990, PART VI, SECTION B, LINE 11B:

The governing body is provided an electronic copy of the return for review prior to submission.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest policy is reviewed annually at the time of new membership. All members review the policy and sign off on the disclaimer form.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's financial statements are available upon request from the organization.

Filing and Contact Details

Filer

Filer Name
Foundations for Home & Community Inc
EIN
31-1701722
In Care Of
% ROSE BRUZZO
Phone
7573937200
Address
1634 London Boulevard, Portsmouth, VA 23704

Signing Officer

Name
Rose Bruzzo
Title
President
Phone
7573937208
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rose Bruzzo
Formed
2000
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
7

Preparer

Firm
Bdo USA Llp
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION MISSION:

Placement in a family setting, and who have been unsuccessful or are inappropriate for traditional foster care. The mission of the agency is to provide children and youth with comprehensive, coordinated, cost-effective treatment services in the least restrictive, most normalized environment.

FORM 990, PART III, LINE 1 CONTINUED:

And works toward successful family reunification or other long-term family living arrangements in order to promote the permanency and well-being of youth as they transition to independence and adulthood.

FORM 990, PART III, LINE 4A CONTINUED:

Foster families in order to help them effectively address the severe psychological, emotional, social and educational needs of children and youth placed in their homes, as well as to value, understand and effectively address the issues of cultural diversity.

Form 990 Part IX Line 11G

Description:other professional fees total fees:2733168

Financial Statement Notes

PART V, LINE 4:

Under the policy of the organization, the endowment assets are invested conservatively, with the intent of providing a predictable stream of funding to the organization. The organization invests in mutual funds, corporate bonds, and money market investments to achieve its long-term return objectives within limited risk constraints. Actual returns in any year may vary from budgeted amounts due to market fluctuations.

PART X, LINE 2:

The organization is a not-for-profit corporation and has been recognized as tax-exempt pursuant to section 501(c)(3) of the internal revenue code (the "code") and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. The organization is classified as a public charity. The organization annually evaluates its tax status and tax positions taken with respect to its operations and financial position. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions, and accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed irs form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the years ended june 30, 2021 and 2020, there were no interest or penalties recorded or included in the statements of activities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.2$0.43$18.8$4.53$3.87$0.65
2023Detailed filing. Detailed filing data is available for this year.$18.0$0.75$17.3$4.11$4.15$0.05
2022Detailed filing. Detailed filing data is available for this year.$16.6$0.51$16.0$4.05$3.36$0.69
2021Detailed filing. Detailed filing data is available for this year.$18.5$0.51$17.9$4.02$3.90$0.12
2020Detailed filing. Detailed filing data is available for this year.$15.8$0.62$15.2$4.11$3.87$0.24
2019Detailed filing. Detailed filing data is available for this year.$16.4$1.11$15.3$4.07$4.23$0.16
2018Detailed filing. Detailed filing data is available for this year.$15.7$0.42$15.3$4.04$4.91$0.87
2017Detailed filing. Detailed filing data is available for this year.$16.0$0.26$15.7$3.77$3.98$0.20
2016Detailed filing. Detailed filing data is available for this year.$15.2$0.35$14.8$4.43$4.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$15.5$0.34$15.2$9.05$9.15$0.09
2014Detailed filing. Detailed filing data is available for this year.$16.2$0.79$15.5$11.9$12.6$0.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.86$15.1$16.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$1.56$15.4$19.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$1.24$15.8$20.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$1.27$14.6$21.5