Civic Intelligence

Homes of Promise Inc

EIN 46-4484696 • 501(c)3 • Pomona, CA

Profile

Homes of promise, inc. Was organized to provide social services, sober living facilities benefiting underserved members of the public, and people in transition, which will lessen the corresponding burden of the government.

2510 Supply StreetPomona, CA 91767

www.homesofpromise.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

39.14x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.66x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

7.8%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

23%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

107%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,046

Up $936 (+23%) from 2023

Liabilities

Down

$197,478

Down $1,771 (-0.9%) from 2023

Net Assets

Up

-$192,432

Up $2,707 (+1.4%) from 2023

Revenue

Up

$34,891

Up $18,055 (+107%) from 2023

Expenses

Up

$32,184

Up $12,399 (+63%) from 2023

Net Income

Up

$2,707

Up $5,656 (+192%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200K-$400KAssets 2014: $10,615Liabilities 2014: $38,026Net Assets 2014: -$27,4112014Assets 2015: $31,441Liabilities 2015: $115,233Net Assets 2015: -$83,7922015Assets 2016: $27,639Liabilities 2016: $194,646Net Assets 2016: -$167,0072016Assets 2017: $49,372Liabilities 2017: $282,983Net Assets 2017: -$233,6112017Assets 2018: $35,315Liabilities 2018: $372,973Net Assets 2018: -$337,6582018Assets 2019: $28,666Liabilities 2019: $3,054Net Assets 2019: $25,6122019Assets 2020: $42,700Liabilities 2020: $52,703Net Assets 2020: -$10,0032020Assets 2021: $73,298Liabilities 2021: $188,760Net Assets 2021: -$115,4622021Assets 2022: $13,641Liabilities 2022: $205,831Net Assets 2022: -$192,1902022Assets 2023: $4,110Liabilities 2023: $199,249Net Assets 2023: -$195,1392023Assets 2024: $5,046Liabilities 2024: $197,478Net Assets 2024: -$192,4322024

Highlighted filing

2024

Assets$5,046
Liabilities$197,478
Net Assets-$192,432

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $71,676Expenses 2014: $99,087Net Income 2014: -$27,4112014Revenue 2015: $198,620Expenses 2015: $255,001Net Income 2015: -$56,3812015Revenue 2016: $141,819Expenses 2016: $225,034Net Income 2016: -$83,2152016Revenue 2017: $231,524Expenses 2017: $298,128Net Income 2017: -$66,6042017Revenue 2018: $239,138Expenses 2018: $343,185Net Income 2018: -$104,0472018Revenue 2019: $712,769Expenses 2019: $349,499Net Income 2019: $363,2702019Revenue 2020: $681,646Expenses 2020: $719,242Net Income 2020: -$37,5962020Revenue 2021: $748,923Expenses 2021: $854,382Net Income 2021: -$105,4592021Revenue 2022: $481,183Expenses 2022: $557,911Net Income 2022: -$76,7282022Revenue 2023: $16,836Expenses 2023: $19,785Net Income 2023: -$2,9492023Revenue 2024: $34,891Expenses 2024: $32,184Net Income 2024: $2,7072024

Highlighted filing

2024

Revenue$34,891
Expenses$32,184
Net Income$2,707

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$481,183
Mission and Program Overview

Mission

Homes of promise, inc. Was organized to provide social services, sober living facilities benefiting underserved members of the public, and people in transition, which will lessen the corresponding burden of the government.

To provide social services and to provide those who are broken with a safe environment of love, grace, support and accountability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$32,493--
Cash and Non-Interest-Bearing Accounts$40,805$4,017▼ $36,788
Total Assets$73,298$13,641▼ $59,657
Other Assets Total$0$9,624▲ $9,624
Liabilities
Other Liabilities$155,474$205,831▲ $50,357
Accounts Payable and Accrued Expenses$33,286$0▼ $33,286
Total Liabilities$188,760$205,831▲ $17,071
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-115,462$-192,190▼ $76,728
Total Net Assets Fund Balance$-115,462$-192,190▼ $76,728
Total Liabilities and Net Assets / Fund Balance$73,298$13,641▼ $59,657

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$24--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ray AdamykChairman/CEO & CFO
Sal PerezDirector
Joseph Graeve - Until 82122Secretary
Dave HoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$155,322
Program Service Revenue
$325,211
Investment Income
$0
Other Revenue
$650
All Other Contributions
$122,570
Change in Net Assets
$-76,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$414,861
Salaries, Compensation, and Employee Benefits$74,752
Grants and Similar Amounts Paid$68,298
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$315,605--$315,605
Other Salaries and Wages$70,028--$70,028
Grants to Domestic Orgs$68,298--$68,298
Office Expenses-$11,727-$11,727
Fees for Services Accounting-$9,616-$9,616
Fees for Services Other-$9,171-$9,171
Insurance-$7,568-$7,568
Interest-$7,041-$7,041
Payroll Taxes$4,724--$4,724
Other Expenses$3,008--$3,008
Travel-$2,538-$2,538
Advertising-$1,760-$1,760
Total Functional Expenses$508,490$49,421$0$557,911
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of PomonaPomona, CAGovtSocial Services to Promote Racial Unity and Community Reconciliation.$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ray AdamykChairmanRentNo$216,958
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$205,831
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
Yes
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
No

Governance Explanations

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

The form 990 is reviewed by the officers of the organization and a complete copy is made available to all board members prior to submission to the irs.

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

An interested person may make a presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of; and the vote on, the transaction or arrangement that results in the conflict of interest. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the general public.

Filing and Contact Details

Filer

Filer Name
Homes of Promise Inc
EIN
46-4484696
Phone
9092257880
Address
2510 SUPPLY STREET, POMONA, CA 91767

Signing Officer

Name
Ray Adamyk
Title
President & CEO
Phone
9092257880
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Adamyk
Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
10

Preparer

Firm
Moss Adams Llp
Address
2040 MAIN STREET SUITE 900, IRVINE, CA 92614
Preparer
Alan Villanueva
Phone
9492214000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

In 2022, the organization ceased providing sober living facilities that benefit underserved members of the public and people in transition. Final lease agreements were discontinued in july 2022.

Raw XML AppendixShowing 400 of 450 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt08249
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt011162
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt07384
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt027170
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0480533
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0748155
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0682488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0712770
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0239137
IRS990ScheduleA/Total509Grp/TotalAmt02863083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0481183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0748921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0682488
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0712770
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0239138
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02864500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/OtherAssetsOrgGrp/BookValueAmt0763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18837
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0VERIZON REIMBURSEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WORKERS COMP 2021 OVERPAYMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITIES REIMBURSEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0205831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EIDL LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09624
IRS990ScheduleD/TotalLiabilityAmt0205831
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVT
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt068298
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0HARRIET TUBMAN STATUE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SOCIAL SERVICES TO PROMOTE RACIAL UNITY AND COMMUNITY RECONCILIATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF POMONA
IRS990ScheduleI/RecipientTable/RecipientEIN0956000764
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0505 SOUTH GAREY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0POMONA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd091766
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE APPROVED AND MONITORED BY THE BOARD OF DIRECTORS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RAY ADAMYK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIRMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0216958
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2022, THE ORGANIZATION CEASED PROVIDING SOBER LIVING FACILITIES THAT BENEFIT UNDERSERVED MEMBERS OF THE PUBLIC AND PEOPLE IN TRANSITION. FINAL LEASE AGREEMENTS WERE DISCONTINUED IN JULY 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE OFFICERS OF THE ORGANIZATION AND A COMPLETE COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF; AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOMES OF PROMISE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0P TOWNE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0831363618
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE RACIAL JUSTICE AND EQUITY, VIA YOUTH, ARTS AND MUSIC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02510 SUPPLY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0POMONA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091767
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt073298
IRS990/TotalAssetsEOYAmt013641
IRS990/TotalAssetsGrp/BOYAmt073298
IRS990/TotalAssetsGrp/EOYAmt013641
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0155322
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049421
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0508490
IRS990/TotalFunctionalExpensesGrp/TotalAmt0557911
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0188760
IRS990/TotalLiabilitiesEOYAmt0205831
IRS990/TotalLiabilitiesGrp/BOYAmt0188760
IRS990/TotalLiabilitiesGrp/EOYAmt0205831
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-115462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-192190
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0508490
IRS990/TotalProgramServiceRevenueAmt0325211
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0650
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0325211
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0481183
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt073298
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013641

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