Civic Intelligence

Homeful Foundation

990 • Fiscal year 2023 • EIN 38-4009282

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

23091 Mill Creek DriveLaguna Hills, CA 92653

(949) 839-8306

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

33rd percentile

0.02x

Higher debt load relative to revenue than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

30th percentile

-1.9%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-23%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,407,820

Down $46,777 (-1.9%) from 2022

Net Assets

Down

$2,396,556

Down $48,743 (-2.0%) from 2022

Liabilities

Up

$11,264

Up $1,966 (+21%) from 2022

Revenue

Down

$460,985

Down $134,279 (-23%) from 2022

Expenses

Down

$509,728

Down $408,434 (-44%) from 2022

Net Income

Up

-$48,743

Up $274,155 (+85%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $1,427,731Liabilities 2017: $7,988Net Assets 2017: $1,419,7432017Assets 2018: $1,288,073Liabilities 2018: $55,591Net Assets 2018: $1,232,4822018Assets 2019: $2,145,226Liabilities 2019: $72,206Net Assets 2019: $2,073,0202019Assets 2020: $2,641,241Liabilities 2020: $54,055Net Assets 2020: $2,587,1862020Assets 2021: $2,776,958Liabilities 2021: $8,761Net Assets 2021: $2,768,1972021Assets 2022: $2,454,597Liabilities 2022: $9,298Net Assets 2022: $2,445,2992022Assets 2023: $2,407,820Liabilities 2023: $11,264Net Assets 2023: $2,396,5562023Assets 2024: $2,599,729Liabilities 2024: $14,233Net Assets 2024: $2,585,4962024

Highlighted filing

2023

Assets$2,407,820
Liabilities$11,264
Net Assets$2,396,556

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,442,259Expenses 2017: $25,817Net Income 2017: $1,416,4422017Revenue 2018: $506,854Expenses 2018: $541,418Net Income 2018: -$34,5642018Revenue 2019: $1,246,523Expenses 2019: $601,622Net Income 2019: $644,9012019Revenue 2020: $2,002,000Expenses 2020: $1,487,836Net Income 2020: $514,1642020Revenue 2021: $819,434Expenses 2021: $638,423Net Income 2021: $181,0112021Revenue 2022: $595,264Expenses 2022: $918,162Net Income 2022: -$322,8982022Revenue 2023: $460,985Expenses 2023: $509,728Net Income 2023: -$48,7432023Revenue 2024: $831,950Expenses 2024: $643,010Net Income 2024: $188,9402024

Highlighted filing

2023

Revenue$460,985
Expenses$509,728
Net Income-$48,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$460,985
Mission and Program Overview

Mission

Homeful Foundation ("Foundation") provides ongoing support to other qualified 501(c)(3) charitable organizations to help eradicate homelessness and support COVID-19 homeless victims.

Homeful foundation provides ongoing support to other qualified 501(c)(3)s addressing homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,147,199$2,213,056▲ $65,857
Land, Buildings, and Equipment, Net$233,689$111,764▼ $121,925
Accounts Receivable$73,709$83,000▲ $9,291
Total Assets$2,454,597$2,407,820▼ $46,777
Liabilities
Other Liabilities$9,298$11,264▲ $1,966
Total Liabilities$9,298$11,264▲ $1,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,445,299$2,396,556▼ $48,743
Total Net Assets Fund Balance$2,445,299$2,396,556▼ $48,743
Total Liabilities and Net Assets / Fund Balance$2,454,597$2,407,820▼ $46,777

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$111,764$254,010$365,774
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff RoosDirector/president
Carol LindstromDirector
Chris LeavellDirector
Todd HendersonDirector
Scott JacksonDirector/secretary
Lucy DunnDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$451,241
Program Service Revenue
$0
Investment Income
$9,744
Other Revenue
$0
All Other Contributions
$451,241
Change in Net Assets
$-48,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$170,750
Other Expenses$169,786
Salaries, Compensation, and Employee Benefits$169,192
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$170,750--$170,750
Comp Disqual Persons$105,783$50,108-$155,891
Depreciation Depletion$121,925--$121,925
Payroll Taxes$9,026$4,275-$13,301
Fees for Services Accounting$5,160--$5,160
Insurance$2,295--$2,295
Office Expenses$1,816--$1,816
Other Expenses$1,110$90-$1,200
Total Functional Expenses$455,255$54,473$0$509,728
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Social Impact FundLos Angeles, CA501(c)(3)Shelter to Homeless$95,000
Homeaid SacramentoRoseville, CA501(c)(3)Shelter to Homeless$45,000
Homeaid Inland EmpireRiverside, CA501(c)(3)Shelter to Homeless$25,000
Community Action Partnership of OcGarden Grove, CA501(c)(3)Diaper Drive for Families Experiencing Need$5,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$8,237
Due to Homeowners$3,027
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is forwarded to the director/president for review and approval before filing. A copy of the return is also provided to each board member for their records.

Form 990, Part VI, Section B, Line 12C

The board of directors and staff members are required to disclose any potential conflicts of interest or the appearance of such conflicts prior to making any related grant decisions. They are required to sign and submit a disclosure statement to the board of directors. The remaining board will determine whether or not there is a conflict or potential conflict of interest. Should it be so determined, the person(s) involved shall abstain from voting and shall not participate in the discussion regarding the applicant organization. In cases the board decides to award a grant to the applicant organization, the abstaining director(s) or staff member(s) shall be identified in the board meeting minutes.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves officers or key employees' compensations. The president would present recommendations and open discussions with the board of directors. The board would give final approval.

Form 990, Part VI, Section C, Line 19

Our financial statements and the names of our directors along with their personal profiles are disclosed on our website at www.homefulfoundation.org. All documents are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Homeful Foundation
EIN
38-4009282
Phone
9498398306
Address
23091 MILL CREEK DRIVE, LAGUNA HILLS, CA 92653

Signing Officer

Name
Christina Hunt
Title
Accounting Administrator
Phone
9498398306
Signed
2024-11-15

Organization Details

Principal Officer
Jeff Roos
Formed
2016
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
6

Preparer

Firm
Quigley & Miron
Address
3550 WILSHIRE BLVD 1660, LOS ANGELES, CA 90010
Preparer
Armen Grigorian
Phone
2136393550
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered 'more likely than not' to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at december 31, 2023. Generally, the organization's information returns remain open for examination for a period of three (federal) or four (state of california) years from the date of filing.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0111764
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0254010
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0365774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO HOMEOWNERS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT DECEMBER 31, 2023. GENERALLY, THE ORGANIZATION'S INFORMATION RETURNS REMAIN OPEN FOR EXAMINATION FOR A PERIOD OF THREE (FEDERAL) OR FOUR (STATE OF CALIFORNIA) YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0111764
IRS990ScheduleD/TotalLiabilityAmt011264
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05750
IRS990ScheduleI/RecipientTable/CashGrantAmt195000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt345000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DIAPER DRIVE FOR FAMILIES EXPERIENCING NEED
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SHELTER TO HOMELESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SHELTER TO HOMELESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SHELTER TO HOMELESS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY ACTION PARTNERSHIP OF OC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SOCIAL IMPACT FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HOMEAID INLAND EMPIRE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HOMEAID SACRAMENTO
IRS990ScheduleI/RecipientTable/RecipientEIN0952452787
IRS990ScheduleI/RecipientTable/RecipientEIN1461820448
IRS990ScheduleI/RecipientTable/RecipientEIN2330681511
IRS990ScheduleI/RecipientTable/RecipientEIN3680391843
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt011870 MONARCH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1760 WEST 7TH STREET BOX 811025
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23891 11TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31536 EUREKA ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GARDEN GROVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm2RIVERSIDE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ROSEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0928412113
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd190061
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd3956613055
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CHARITABLE RECIPIENTS ARE MANDATED TO EXECUTE A REPORT & FOLLOW-UP AGREEMENTS (R&FUA), THEREBY BINDING THEMSELVES TO SEND US A COMPREHENSIVE REPORT ONE YEAR AFTER DISBURSEMENT, ON HOW THE FUNDS WERE UTILIZED AND THEIR IMPACT ON THE COMMUNITIES SERVED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS FORWARDED TO THE DIRECTOR/PRESIDENT FOR REVIEW AND APPROVAL BEFORE FILING. A COPY OF THE RETURN IS ALSO PROVIDED TO EACH BOARD MEMBER FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AND STAFF MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST OR THE APPEARANCE OF SUCH CONFLICTS PRIOR TO MAKING ANY RELATED GRANT DECISIONS. THEY ARE REQUIRED TO SIGN AND SUBMIT A DISCLOSURE STATEMENT TO THE BOARD OF DIRECTORS. THE REMAINING BOARD WILL DETERMINE WHETHER OR NOT THERE IS A CONFLICT OR POTENTIAL CONFLICT OF INTEREST. SHOULD IT BE SO DETERMINED, THE PERSON(S) INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION REGARDING THE APPLICANT ORGANIZATION. IN CASES THE BOARD DECIDES TO AWARD A GRANT TO THE APPLICANT ORGANIZATION, THE ABSTAINING DIRECTOR(S) OR STAFF MEMBER(S) SHALL BE IDENTIFIED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES OFFICERS OR KEY EMPLOYEES' COMPENSATIONS. THE PRESIDENT WOULD PRESENT RECOMMENDATIONS AND OPEN DISCUSSIONS WITH THE BOARD OF DIRECTORS. THE BOARD WOULD GIVE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUR FINANCIAL STATEMENTS AND THE NAMES OF OUR DIRECTORS ALONG WITH THEIR PERSONAL PROFILES ARE DISCLOSED ON OUR WEBSITE AT WWW.HOMEFULFOUNDATION.ORG. ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02454597
IRS990/TotalAssetsEOYAmt02407820
IRS990/TotalAssetsGrp/BOYAmt02454597
IRS990/TotalAssetsGrp/EOYAmt02407820
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0451241
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054473
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455255
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09298
IRS990/TotalLiabilitiesEOYAmt011264
IRS990/TotalLiabilitiesGrp/BOYAmt09298
IRS990/TotalLiabilitiesGrp/EOYAmt011264
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02445299
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02396556
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0455255
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09744
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460985
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02454597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02407820
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt023091 MILL CREEK DR
IRS990/USAddress/CityNm0LAGUNA HILLS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092653
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HOMEFULFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINA HUNT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACCOUNTING ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09498398306
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMEFUL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0384009282
ReturnHeader/Filer/PhoneNum09498398306
ReturnHeader/Filer/USAddress/AddressLine1Txt023091 MILL CREEK DRIVE
ReturnHeader/Filer/USAddress/CityNm0LAGUNA HILLS

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