Civic Intelligence

Vb Home Now Inc

EIN 81-1460498 • 501(c)3 • Virginia Beach, VA

Profile

The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness rare, brief and nonrecurring. The mission is accomplished through fund raising and providing resources into the community.

104 N Witchduck RoadVirginia Beach, VA 23462

www.vbhomenow.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

124%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$723,250

Up $111,407 (+18%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$723,250

Up $111,407 (+18%) from 2023

Revenue

Up

$257,063

Up $142,458 (+124%) from 2023

Expenses

Down

$145,656

Down $60,045 (-29%) from 2023

Net Income

Up

$111,407

Up $202,503 (+222%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $265,693Liabilities 2016: $0Net Assets 2016: $265,6932016Assets 2017: $385,863Liabilities 2017: $02017Assets 2018: $496,148Liabilities 2018: $0Net Assets 2018: $496,1482018Assets 2019: $571,207Liabilities 2019: $0Net Assets 2019: $571,2072019Assets 2020: $517,996Liabilities 2020: $0Net Assets 2020: $517,9962020Assets 2021: $675,357Liabilities 2021: $0Net Assets 2021: $675,3572021Assets 2022: $702,939Liabilities 2022: $0Net Assets 2022: $702,9392022Assets 2023: $611,843Liabilities 2023: $0Net Assets 2023: $611,8432023Assets 2024: $723,250Liabilities 2024: $0Net Assets 2024: $723,2502024

Highlighted filing

2024

Assets$723,250
Liabilities$0
Net Assets$723,250

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $278,273Expenses 2016: $12,580Net Income 2016: $265,6932016Revenue 2017: $121,576Expenses 2017: $1,406Net Income 2017: $120,1702017Revenue 2018: $169,355Expenses 2018: $59,070Net Income 2018: $110,2852018Revenue 2019: $166,450Expenses 2019: $91,391Net Income 2019: $75,0592019Revenue 2020: $158,816Expenses 2020: $212,027Net Income 2020: -$53,2112020Revenue 2021: $238,106Expenses 2021: $80,745Net Income 2021: $157,3612021Revenue 2022: $156,336Expenses 2022: $128,754Net Income 2022: $27,5822022Revenue 2023: $114,605Expenses 2023: $205,701Net Income 2023: -$91,0962023Revenue 2024: $257,063Expenses 2024: $145,656Net Income 2024: $111,4072024

Highlighted filing

2024

Revenue$257,063
Expenses$145,656
Net Income$111,407

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.0
Gross Receipts
$294,317
Mission and Program Overview

Mission

The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness rare and nonrecurring. The mission is accomplished through fund raising and providing resources into the community.

The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness rare, brief and nonrecurring. The mission is accomplished through fund raising and providing these resources into the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$611,843$707,321▲ $95,478
Cash and Non-Interest-Bearing Accounts-$15,929-
Total Assets$611,843$723,250▲ $111,407
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$535,500$522,715▼ $12,785
Net Assets With Donor Restrictions$76,343$200,535▲ $124,192
Total Net Assets Fund Balance$611,843$723,250▲ $111,407
Total Liabilities and Net Assets / Fund Balance$611,843$723,250▲ $111,407

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$88,072$183,188→ $0$58,943$212,317
2023$61,291$111,050→ $0$84,269$88,072
2022$96,240$23,200→ $0$58,149$61,291
2021$0$99,000→ $0$2,760$96,240
2020$0$0→ $0$0$0
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$269,272
Program Service Revenue
$0
Investment Income
$5,685
Other Revenue
$-17,894
All Other Contributions
$183,188
Change in Net Assets
$111,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,414
Other Expenses$3,242
Total Fundraising Expense$1,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$142,414--$142,414
Advertising--$1,129$1,129
Office Expenses-$1,038-$1,038
Other Expenses$0$625-$625
Insurance-$450-$450
Total Functional Expenses$142,414$2,113$1,129$145,656
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Beach Department of Housing and Neighborhood PreservationVirginia Beach, VA501 (c) 3Prevent and make homelessness rare, brief, and nonrecurring. See Part III 4c for further information$58,943
Virginia Beach Education Foundation IncVirginia Beach, VA501 (c) 3To provide funding for meals to homeless and needy school students. See part III 4b for further details$12,500
Connect with a WishVirginia Beach, VA501 (c) 3Provide funding to assist youth ageing out of foster care transition to permanent housing. The funding provided assistance for 11 persons aging out of foster care with move-in expenses, rent, utilities and transportation. The funding also provides emergency shelter for at-risk youth until permanent safe housing is obtained$10,000
Judeo Christian Outreach CenterVirginia Beach, VA501 (c) 3The funding of this grant will provide financial assistance to people participating in emergency shelter and rapid rehousing programs. See Part III, 4a for further details$10,000
Stand Up for KidsVirgina Beach, VA501 (c) 3Provide funding to maintain the Youth Emergency Shelter Program. With the funding, Stand Up for Kids covered the cost (for 26 weeks) of 4 emergency shelter (hotel) rooms. This program gets youth that are homeless off the streets and gives them a safe place to have their most basic needs met$9,500
Moms on a MissionChesapeake, VA501 (c) 3To provide funding that will minimize the effects of homelessness by providing necessary household essentials like linens, toiletries, and cleaning supplies to individuals and families as they transition to independent living. Specifically, the funding provided 143 move-in kits and more than 800 hygiene kits to persons transitioning to permanent housing. The organization also partners with several local shelters that provide emergency housing for individuals and families experiencing homelessness.$7,500
Recovery for LifeVirginia Beach, VA-Provides funding for between 8-12 homeless people a week at the Housing Resource Center for the organization's Uplift program, which provides mentoring and counseling for people with substance abuse issues.$5,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,254
Fundraising Gross Income$19,360
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Golf Outing$81,790$19,360$0$19,360
Total Events$81,790$19,360$37,254$-17,894
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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

This Form 990 was prepared by an accounting professional and the Treasurer of the organization with knowledge and training in Form 990 preparation and non-profit accounting. The completed Form 990 was distributed to all board members for review and comments prior to filing.

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

The conflict of interest policy was adopted by resolution of the Board of Directors to supplement the provisions already included in its articles of incorporation. The Board members are required to report any conflicts of interest on an annual basis. Additionally, the Treasurer of the organization reviews all disbursements of the organization as part of the normal accounting process for any possible conflict of interest transactions.

Form 990, Part VI, Section B, Line 15

It is currently the policy of the Board of Directors and has been since the inception of the organization that the President and CEO and all other officers and directors of the organization perform their services on a volunteer basis and receive no form of compensation for such services. There are no key employees of the organization.

Form 990, Part VI, Section C, Line 19

The organization's current financial statements and other financial information are included in this Form 990 which is available to the public when this Form 990 is filed with the IRS and are available upon request. All governing documents and conflict of interest policy were provided and filed with the organization's 501 (c) 3 application in 2016 and made available to the public with that filing. There have been no significant changes to these documents since originally filed. Any of these documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Vb Home Now Inc
EIN
81-1460498
Phone
7573855760
Address
104 N Witchduck Road, Virginia Beach, VA 23462

Signing Officer

Name
Theodore Salter
Title
Treasurer
Phone
7576212343
Signed
2025-08-19

Organization Details

Principal Officer
Raymond Bjorkman
Formed
2016
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
20
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

The Organization received grants during 2024 from several 501 (c) 3 organizations. These grants restricted the use of funds primarily to support the Housing Resource Center and be used by the Virginia Beach Department of Housing and Neighborhood Preservation for the prevention of homelessness. This homelessness prevention included landlord recruitment to secure housing options for homeless individuals, provide rental and utility deposits for apartments to house homeless individuals, pay rent for needy persons to avoid eviction that avoids homelessness, and various other forms of homeless family financial assistance.

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IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The Organization provided a grant to the Virginia Beach Education Foundation in partnership with VBCPS to be used to supply "beach bags" weekly during the school year (35 weeks) to students identified as homeless and/or needy. Each bag contains 10 shelf stable food items to sustain the students over weekends and school breaks. In total, these contributed funds were a part of the overall funding that provided over 47,000 beach bags to students that had been identified as homeless and experiencing food insecurity.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt012500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization provided funds to the Housing Resource Center ("HRC") and the Virginia Beach Department of Housing and Neighborhood Preservation to provide deposits for homeless persons to obtain housing, prevention of persons being evicted from their homes and becoming homeless, landlord recruitment to obtain housing for homeless persons, and various supplies utilized by residents at HRC. Specifically, $50,130 was used to pay apartment complexes and property owners to prevent needy persons from being evicted from their homes; $25 was used to provide security deposits and rent to obtain housing for persons that were homeless; $1,167 were paid to landlords for recruitment of housing options for needy homeless persons; and $7,621 was spent to upgrade the family shelter facilities at HRC. The HRC is a one-stop shop of services for families and individuals experiencing homelessness or a housing crisis. In the prior year HRC celebrated its five-year anniversary. When it opened in 2018, it became the first facility of its kind in South Hampton Roads, Virginia to integrate and co-locate shelter, housing and ancillary homeless support services in one building. The HRC provides 29 one-bedroom efficiency apartments; 10 motel-style family shelter rooms (40 beds); 55 single shelter beds; day services that include showers, laundry, mail and housing support; a dining hall providing meals to day services and HRC shelter participants; a comprehensive primary care health center; and various homeless and human services. During this five-year period, 829 adults were provided shelter in the singles shelter at HRC; 2,200 unsheltered adults were provided day services; 438 individuals (adults and children) were provided shelter in the family shelter at HRC; approximately 140,000 meals were served; and 3,944 patients were served at the health center. The HRC and the Department of Housing and Neighborhood Preservation received over 12,000 referrals for prevention services. In addition to the housing provided by HRC, over 2,200 households were prevented from becoming homeless, and 368 homeless households were diverted to alternative housing opportunities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt058943
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0182488
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other service accomplishments include funds for providing feminine hygiene kits to women experiencing homelessness; funds for bus and rideshare transportation, move-in kits, cookware, and basic household essentials, utility costs and resource materials for homeless persons. Provide funds for youth (up to 24 years of age) to maintain their emergency shelter program. Direct homeless individuals to a wide range of mental, physical and behavioral health services, fitness and nutrition programs, housing support financial services, and deposit and rental assistance and landlord engagement.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt060971
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt056700
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0700
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt0124848
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IRS990/PYInvestmentIncomeAmt07345
IRS990/PYOtherExpensesAmt02188
IRS990/PYOtherRevenueAmt0-17588
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IRS990/PYRevenuesLessExpensesAmt0-91096
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IRS990/PYTotalExpensesAmt0205701
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0114605
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0611843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0707321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0288632
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0181673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01038279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05685
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01038279
IRS990ScheduleA/TotalSupportAmt01051501
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt084269
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt096240
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization received grants during 2024 from several 501 (c) 3 organizations. These grants restricted the use of funds primarily to support the Housing Resource Center and be used by the Virginia Beach Department of Housing and Neighborhood Preservation for the prevention of homelessness. This homelessness prevention included landlord recruitment to secure housing options for homeless individuals, provide rental and utility deposits for apartments to house homeless individuals, pay rent for needy persons to avoid eviction that avoids homelessness, and various other forms of homeless family financial assistance.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.9445
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt010688
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt010688
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt062430
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt062430
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037254
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0650
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0650
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Golf Outing
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt012548
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012548
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt081790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt081790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019360
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019360
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17894
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt013368
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012500
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt29500

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