Civic Intelligence

Homenetmen Glendale Ararat

EIN 88-1143503 • 501(c)3 • Los Angeles, CA

Profile

To promote a healthy and safe environment where each member will have the opportunity to achieve his or her goal in athletic, scouting and cultural arenas.

3347 N San Fernando RoadLos Angeles, CA 90065

www.ararat.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Assets

Up

$8,395,971

Up $8,395,971 from 2022

Liabilities

$3,688,032

No earlier filing loaded for comparison.

Net Assets

Up

$4,707,939

Up $4,707,939 from 2022

Revenue

Up

$3,756,711

Up $3,756,711 from 2022

Expenses

$2,635,063

No earlier filing loaded for comparison.

Net Income

$1,121,648

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2022: $0Net Assets 2022: $02022Assets 2024: $8,395,971Liabilities 2024: $3,688,032Net Assets 2024: $4,707,9392024

Highlighted filing

2024

Assets$8,395,971
Liabilities$3,688,032
Net Assets$4,707,939

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2022: $02022Revenue 2024: $3,756,711Expenses 2024: $2,635,063Net Income 2024: $1,121,6482024

Highlighted filing

2024

Revenue$3,756,711
Expenses$2,635,063
Net Income$1,121,648

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Jul 31, 2025
Return Version
2023v6.0
Gross Receipts
$6,282,518
Mission and Program Overview

Mission

To promote a healthy and safe environment where each member will have the opportunity to achieve his or her goal in athletic, scouting and cultural arenas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,493,767$4,691,160▲ $1,197,393
Investments in Publicly Traded Securities-$2,545,003-
Investments Other Securities-$648,708-
Pledges and Grants Receivable-$351,052-
Cash and Non-Interest-Bearing Accounts$308,286$126,247▼ $182,039
Prepaid Expenses and Deferred Charges$23,910$13,903▼ $10,007
Inventories for Sale or Use$11,822$12,327▲ $505
Accounts Receivable$3,580$3,130▼ $450
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$3,847,235$8,395,971▲ $4,548,736
Other Assets Total$5,870$4,441▼ $1,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,649,255$3,546,365▼ $102,890
Accounts Payable and Accrued Expenses$4,603$120,606▲ $116,003
Other Liabilities$24,750$21,061▼ $3,689
Total Liabilities$3,678,608$3,688,032▲ $9,424
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$2,476,734-
Net Assets Without Donor Restrictions$168,627$2,231,205▲ $2,062,578
Total Net Assets Fund Balance$168,627$4,707,939▲ $4,539,312
Total Liabilities and Net Assets / Fund Balance$3,847,235$8,395,971▲ $4,548,736

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,800,309$3,186,380$5,986,689
Leasehold Improvements$1,884,247$3,469,425$5,353,672
Equipment$6,604$9,906$16,510

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,173,111-▲ $334,168$313,568$3,193,711
2022$2,693,425$40,236▲ $91,712$-348,524$3,173,111
2021$2,970,001$176▼ $248,697$1,000$2,693,425
2020$2,798,958$89▲ $198,637-$2,970,001
2019$2,513,191$849▲ $314,048-$2,798,958
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,568,006
Program Service Revenue
$1,784,789
Investment Income
$89,615
Other Revenue
$314,301
All Other Contributions
$474,553
Change in Net Assets
$1,121,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,030,406
Salaries, Compensation, and Employee Benefits$604,657
Total Fundraising Expense$79,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,895$396,646$1,053$554,594
Occupancy$121,141$225,001$43,241$389,383
Depreciation Depletion$199,061$39,812$26,542$265,415
Interest-$196,308-$196,308
Fees for Services Other$45,548$122,107$2,455$170,110
Insurance-$77,610-$77,610
Information Technology$5,652$57,403-$63,055
Payroll Taxes$15,164$34,779$120$50,063
Office Expenses$10,845$23,883$5,575$40,303
Fees for Services Legal$2,661$18,676-$21,337
Fees for Services Accounting-$14,356-$14,356
Other Expenses$783,342$8,587-$8,587
Advertising$23-$577$600
Total Functional Expenses$1,340,332$1,215,168$79,563$2,635,063
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$451,362
Fundraising Direct Expenses$344,311
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tennis Exhibition Event$214,082$214,082$187,472$26,610
Anniversary Dinner/gala$136,950$136,950$85,286$51,664
Total Events$451,362$451,362$344,311$107,051
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$16,311
Security Deposit$4,750
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 4

Bylaws were amended on 1/16/2024.

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

Copy of the form is made available for review

Form 990, Part VI, Section C, Line 19

All documents are available in the homenetmen glendale office

Filing and Contact Details

Filer

Filer Name
Homenetmen Glendale Ararat
EIN
88-1143503
Phone
3232562564
Address
3347 N SAN FERNANDO ROAD, LOS ANGELES, CA 90065

Signing Officer

Name
Roobina Arshakian
Title
Chairwoman
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roobina Arshakian
Formed
2022
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
27
Volunteers
480

Preparer

Firm
YSR CPA Group PC
Address
2529 Foothill Blvd Suite 212, La Crescenta, CA 91214
Preparer
Emin Shahbazian CPA
Phone
8183309752
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Transfer of net assets upon dissolution from related 501(c) = $1060356

Form 990, Part XI, Line 9

Transfer of net assets upon dissolution from related 501(c) = $2160059

Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances

Line 9 reflects the complete transfer of the related organizations' remaining net assets including $1,060,356 from Ararat Youth Center Endowment Trust (EIN 82-6494085) and $2,160,059 from Homenetmen - Glendale Ararat Chapter Endowment Trust (EIN 82-6578180) totaling $3,220,415. Both organizations were related public charities under IRC Section 501(c)(3) and the transfers were in accordance with the organizations approved dissolutions.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The net endowment funds, originally maintained by two separate related organizations in which both dissolved during the 2023 tax year, are used to support the activities of Homenetmen Glendale Ararat. The full balances of the related organization endowments (Ararat Youth Center Endowment Trust/Homenetmen - Glendale Ararat Chapter Endowment Trust) were transferred to Homenetmen Glendale Ararat upon dissolution.

Part X : FIN48 Footnote

The organization did not have any unrelated business income tax liability for the year ended november 30, 2024. The organization believes that it has taken no significant uncertain tax positions for the year ended november 30, 2024.

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