Civic Intelligence

Foundation for Quality Housing Opportunities Inc

990 • Fiscal year 2020 • EIN 95-4234204

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 20, 2021

Organization ProfileN/A
4370 Tujunga Ave No 310Studio City, CA 91604

(818) 763-0810

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets9th percentile

Assets

$6,054,456

No earlier filing loaded for comparison.

Net Assets

$6,051,554

No earlier filing loaded for comparison.

Liabilities

$2,902

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin98th percentile

Revenue

$5,465,584

No earlier filing loaded for comparison.

Expenses

$260,455

No earlier filing loaded for comparison.

Net Income

$5,205,129

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $6,054,456Liabilities 2020: $2,902Net Assets 2020: $6,051,5542020Assets 2021: $7,011,840Liabilities 2021: $1,402Net Assets 2021: $7,010,4382021Assets 2022: $6,561,992Liabilities 2022: $1,833Net Assets 2022: $6,560,1592022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$6,054,456
Liabilities$2,902
Net Assets$6,051,554
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $5,465,584Expenses 2020: $260,455Net Income 2020: $5,205,1292020Revenue 2021: $1,106,555Expenses 2021: $147,671Net Income 2021: $958,8842021Revenue 2022: $111,982Expenses 2022: $562,261Net Income 2022: -$450,2792022Revenue 2023: $180,241Expenses 2023: $1,028,826Net Income 2023: -$848,5852023Revenue 2024: $147,473Expenses 2024: $978,349Net Income 2024: -$830,8762024

Highlighted filing

2020

Revenue$5,465,584
Expenses$260,455
Net Income$5,205,129
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 20, 2021
Return Version
2020v4.1
Gross Receipts
$5,465,584
Mission and Program Overview

Mission

The corporation organized as a charitable organization to construct new, low income housing and to renovate, develop, manage, operate, promote, fund and support existing low income housing for persons of limited financial means, handicapped persons and elderly persons.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$813,822$6,151,243▲ $5,337,421
Other Notes and Loans Receivable, Net$70,642$38,515▼ $32,127
Investments Program Related$-41,108$-135,302▼ $94,194
Total Assets$843,356$6,054,456▲ $5,211,100
Liabilities
Escrow Account Liability$2,061$2,902▲ $841
Total Liabilities$2,061$2,902▲ $841
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$841,295$6,051,554▲ $5,210,259
Total Net Assets Fund Balance$841,295$6,051,554▲ $5,210,259
Total Liabilities and Net Assets / Fund Balance$843,356$6,054,456▲ $5,211,100
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Gary BravermanPres/tres
Celestina RammSec
Revenue and Support

Revenue Composition

Contributions and Grants
$1,813,965
Program Service Revenue
$3,647,398
Investment Income
$4,221
Other Revenue
$0
All Other Contributions
$1,813,965
Change in Net Assets
$5,205,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,230
Grants and Similar Amounts Paid$27,225
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$20,535$173,187-$193,722
Grants to Domestic Orgs$20,000--$20,000
Fees for Services Accounting$1,788$16,870-$18,658
Fees for Services Management$1,308$12,344-$13,652
Grants to Domestic Individuals$7,225--$7,225
Office Expenses$1,821$2,638-$4,459
All Other Expenses$138$1,162-$1,300
Information Technology$588$526-$1,114
Other Expenses$3$22-$25
Total Functional Expenses$53,438$207,017$0$260,455
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
Gary BravermanOfficer/trusteeLoansNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Employer-employee relationship”

Form 990, Part VI, Section A, Line 6

“MEMBERS”

Form 990, Part VI, Section A, Line 7A

“Trustees have the power to appoint members of the govering body”

Form 990, Part VI, Section A, Line 7B

“All decisions made by governing body”

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

“Copies are provided before signed and mailed”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Foundation for Quality Housing
EIN
95-4234204
Phone
8187630810
Address
4370 TUJUNGA AVE NO 310, STUDIO CITY, CA 91604

Signing Officer

Name
Gary Braverman
Title
Pres/tres
Phone
8187630810
Signed
2021-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Braverman
Formed
1990
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Herbert F Slavin & Co
Address
16055 VENTURA BLVD 1100, ENCINO, CA 91436
Preparer
Herbert F Slavin
Phone
8189051836
Supplemental Narrative

Additional Explanations

Corp Organized as A Charitable Organization to Construct New, Low Income Ho

“The corporation organized as a charitable organization to construct new, low-income housing for persons of limited financial means, handicapped persons and ederly persons and to assist generally, in the allevation of housing shortages for such persons throughtout the united states. During the year, the organization received credit for a fee for housing related services from a related partnership which was credited to its capital account. Since the foundation business activity is to create and provide low-income housing for qualified persons, management believes that this fee represents related business income that is consistent with its charter's public purpose.”

Organized to Build New and Low Income Housing

“Grant & other assistance to individuals for housing”

Form 990, Part IX, Line 11G

“Professional services: program service expenses 20,535. Management and general expenses 173,187. Fundraising expenses 0. Total expenses 193,722.”

FORM 990, PART XI, LINE 9:

“OTHER ADJUSTMENTS 5,130.”

Raw XML Appendix352 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION ORGANIZED AS A CHARITABLE ORGANIZATION TO CONSTRUCT NEW, LOW-INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS AND EDERLY PERSONS AND TO ASSIST GENERALLY, IN THE ALLEVATION OF HOUSING SHORTAGES FOR SUCH PERSONS THROUGHTOUT THE UNITED STATES. DURING THE YEAR, THE ORGANIZATION RECEIVED CREDIT FOR A FEE FOR HOUSING RELATED SERVICES FROM A RELATED PARTNERSHIP WHICH WAS CREDITED TO ITS CAPITAL ACCOUNT. SINCE THE FOUNDATION BUSINESS ACTIVITY IS TO CREATE AND PROVIDE LOW-INCOME HOUSING FOR QUALIFIED PERSONS, MANAGEMENT BELIEVES THAT THIS FEE REPRESENTS RELATED BUSINESS INCOME THAT IS CONSISTENT WITH ITS CHARTER'S PUBLIC PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANT & OTHER ASSISTANCE TO INDIVIDUALS FOR HOUSING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYER-EMPLOYEE RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRUSTEES HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DECISIONS MADE BY GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES ARE PROVIDED BEFORE SIGNED AND MAILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 20,535. MANAGEMENT AND GENERAL EXPENSES 173,187. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 193,722.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OTHER ADJUSTMENTS 5,130.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0CORP ORGANIZED AS A CHARITABLE ORGANIZATION TO CONSTRUCT NEW, LOW INCOME HO
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1ORGANIZED TO BUILD NEW AND LOW INCOME HOUSING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9:
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01813965
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0207017
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt053438
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260455
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03651619
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05465584
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/USAddress/ZIPCd091604
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY BRAVERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES/TRES
ReturnHeader/BusinessOfficerGrp/PhoneNum08187630810
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR QUALITY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OPPORTUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0954234204
ReturnHeader/Filer/PhoneNum08187630810
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952201065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERBERT F SLAVIN & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016055 VENTURA BLVD 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091436
ReturnHeader/PreparerPersonGrp/PhoneNum08189051836
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HERBERT F SLAVIN
ReturnHeader/ReturnTs02021-09-22T11:30:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRAVERMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,054,456
Liabilities
$2,902
Net assets
$6,051,554
Revenue
$5,465,584
Expenses
$260,455
Net income
$5,205,129
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.15$0.98$0.83
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$1.03$0.85
2022Detailed filing. Detailed filing data is available for this year.$6.56$0.00$6.56$0.11$0.56$0.45
2021Detailed filing. Detailed filing data is available for this year.$7.01$0.00$7.01$1.11$0.15$0.96
2020Detailed filing. Detailed filing data is available for this year.$6.05$0.00$6.05$5.47$0.26$5.21