Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Foundation Homes Inc.
EIN 85-4377531 • 501(c)3 • Las Vegas, NV
Pub. 78 Eligible990-N Coverage
Profile
To provide affordable housing
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.58x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Balance Sheet
Assets
Up$321,719
Up $9,018 (+2.9%) from 2022
Liabilities
Down$187,383
Down $10,646 (-5.4%) from 2022
Net Assets
Up$134,336
Up $19,664 (+17%) from 2022
Revenue
Up$68,242
Up $18,242 (+36%) from 2022
Expenses
Up$48,578
Up $12,041 (+33%) from 2022
Net Income
Up$19,664
Up $6,201 (+46%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $321,719
- Liabilities
- $187,383
- Net assets
- $134,336
- Revenue
- $68,242
- Expenses
- $48,578
- Net income
- $19,664
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Dec 16, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $68,242
Mission and Program Overview
Mission
To provide affordable housing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| AFTER SEARCHING FOR AFFORDABLE HOUSING IN THE CONNECTICUT AREA UNSUCCESSFULLY, THE NONPROFIT THEN DECIDED TO LOOK IN OTHER STATES SUCH AS TEXAS TO SECURE AFFORDABLE HOUSING. A HOUSE WAS LOCATED AND PURCHASED FOR THIS PURPOSE IN 2022 IN TEXAS. DURING 2023, IT WAS RENTED TO A QUALIFIED, DESERVING INDIVIDUAL. | $0 | $47,174 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| FUNDA KOPP | President | - | $0 | - | - |
| MATTHEW H KOPP | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Foundation Homes Inc
- EIN
- 85-4377531
- Phone
- 9173632938
- Address
- 3225 MCLEOD DR 100, LAS VEGAS, NV 89121
Signing Officer
- Name
- Matthew H Kopp
- Title
- Treasurer
- Phone
- 9173632938
- Signed
- 2024-12-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Anderson Global Business Group LLC
- Address
- 3225 MCLEOD DRIVE, LAS VEGAS, NV 89121
- Preparer
- Tanya Saxon CPA
- Phone
- 8889692677
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 6,807. Description: other expenses. Amount: 2,575. Total to form 990-ez, line 14: 9,382.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: property management expenses. Amount: 14,771. Description: mortgage interest expense. Amount: 10,342. Description: state registration and other fees. Amount: 185. Description: real estate taxes. Amount: 3,967. Description: miscellaneous rental expenses. Amount: 2,969. Description: insurance expense. Amount: 5,742. Description: bank fees. Amount: 120. Total to form 990-ez, line 16: 38,096.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loan from officer. Beg. Of year amount: 10,500. End of year amount: 0. Description: property mortgage. Beg. Of year amount: 187,529. End of year amount: 186,602. Description: property escrow. Beg. Of year amount: 0. End of year amount: 781.”
Raw XML Appendix144 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MATTHEW H KOPP |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9173632938 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10 CIRCLE ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DARIEN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06820 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 51317 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 64257 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 50000 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 19664 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1100 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 312701 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 321719 |
| IRS990EZ/GrossReceiptsAmt | 0 | 68242 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 261384 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 257462 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 114672 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 134336 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 114672 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 134336 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 9382 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | FUNDA KOPP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATTHEW H KOPP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38096 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE AFFORDABLE HOUSING |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 18242 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | AFTER SEARCHING FOR AFFORDABLE HOUSING IN THE CONNECTICUT AREA UNSUCCESSFULLY, THE NONPROFIT THEN DECIDED TO LOOK IN OTHER STATES SUCH AS TEXAS TO SECURE AFFORDABLE HOUSING. A HOUSE WAS LOCATED AND PURCHASED FOR THIS PURPOSE IN 2022 IN TEXAS. DURING 2023, IT WAS RENTED TO A QUALIFIED, DESERVING INDIVIDUAL. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 47174 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CT |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 198029 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 187383 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 48578 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 47174 |
| IRS990EZ/TotalRevenueAmt | 0 | 68242 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 50000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 50000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 75000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 275000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1500 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1500 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 18242 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5530 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 269470 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 50000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 50000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 75000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 275000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 276500 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 6,807. DESCRIPTION: OTHER EXPENSES. AMOUNT: 2,575. TOTAL TO FORM 990-EZ, LINE 14: 9,382. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PROPERTY MANAGEMENT EXPENSES. AMOUNT: 14,771. DESCRIPTION: MORTGAGE INTEREST EXPENSE. AMOUNT: 10,342. DESCRIPTION: STATE REGISTRATION AND OTHER FEES. AMOUNT: 185. DESCRIPTION: REAL ESTATE TAXES. AMOUNT: 3,967. DESCRIPTION: MISCELLANEOUS RENTAL EXPENSES. AMOUNT: 2,969. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 5,742. DESCRIPTION: BANK FEES. AMOUNT: 120. TOTAL TO FORM 990-EZ, LINE 16: 38,096. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: LOAN FROM OFFICER. BEG. OF YEAR AMOUNT: 10,500. END OF YEAR AMOUNT: 0. DESCRIPTION: PROPERTY MORTGAGE. BEG. OF YEAR AMOUNT: 187,529. END OF YEAR AMOUNT: 186,602. DESCRIPTION: PROPERTY ESCROW. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 781. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MATTHEW H KOPP |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9173632938 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-12-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FOUNDATION HOMES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FOUN |
| ReturnHeader/Filer/EIN | 0 | 854377531 |
| ReturnHeader/Filer/PhoneNum | 0 | 9173632938 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3225 MCLEOD DR 100 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LAS VEGAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NV |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 89121 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 911956265 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ANDERSON GLOBAL BUSINESS GROUP LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3225 MCLEOD DRIVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LAS VEGAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NV |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 89121 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8889692677 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-12-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TANYA SAXON CPA |
| ReturnHeader/ReturnTs | 0 | 2024-12-16T17:00:40-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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