Civic Intelligence

Foundation for Quality Housing Opportunities Inc

990 • Fiscal year 2021 • EIN 95-4234204

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

Organization ProfileN/A
4605 Lankershim Blvd 629North Hollywood, CA 91602

(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.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

63rd percentile

16%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$7,011,840

Up $957,384 (+16%) from 2020

Net Assets

Up

$7,010,438

Up $958,884 (+16%) from 2020

Liabilities

Down

$1,402

Down $1,500 (-52%) from 2020

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin97th percentile

Revenue

Down

$1,106,555

Down $4,359,029 (-80%) from 2020

Expenses

Down

$147,671

Down $112,784 (-43%) from 2020

Net Income

Down

$958,884

Down $4,246,245 (-82%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

2021

Assets$7,011,840
Liabilities$1,402
Net Assets$7,010,438
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

2021

Revenue$1,106,555
Expenses$147,671
Net Income$958,884
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.2
Gross Receipts
$1,106,555
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
Savings and Temporary Cash Investments-$6,500,498-
Investments Program Related$-135,302$311,039▲ $446,341
Cash and Non-Interest-Bearing Accounts$6,151,243$165,269▼ $5,985,974
Other Notes and Loans Receivable, Net$38,515$34,208▼ $4,307
Total Assets$6,054,456$7,011,840▲ $957,384
Other Assets Total-$826-
Liabilities
Escrow Account Liability$2,902$1,402▼ $1,500
Total Liabilities$2,902$1,402▼ $1,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,051,554$7,010,438▲ $958,884
Total Net Assets Fund Balance$6,051,554$7,010,438▲ $958,884
Total Liabilities and Net Assets / Fund Balance$6,054,456$7,011,840▲ $957,384
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Heidy BravermanPresident
David SkinnerVice President
Gary BravermanSec-tres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,016,172
Investment Income
$88,252
Other Revenue
$2,131
Change in Net Assets
$958,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$86,270
Other Expenses$61,401
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,450--$75,450
Fees for Services Other$28,218--$28,218
Fees for Service Investment Mgmnt Fees$18,326--$18,326
Grants to Domestic Individuals$10,820--$10,820
Fees for Services Accounting$10,527--$10,527
Information Technology$1,014--$1,014
Other Expenses$200--$200
Total Functional Expenses$147,671$0$0$147,671
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“Family-brother,sister & brother-in-law”

Form 990, Part VI, Section A, Line 6

“MEMBERS”

Form 990, Part VI, Section A, Line 6

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

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

“Family-brother, sister & brother-in-law”

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 signing 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
4605 LANKERSHIM BLVD 629, NORTH HOLLYWOOD, CA 91602

Signing Officer

Name
Gary Braverman
Title
Sec/tres
Phone
8187630810
Signed
2022-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Braverman
Formed
1989
Legal Domicile
CA
Voting Board Members
3
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

“Office rent: program service expenses 28,218. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,218.”

Raw XML Appendix331 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/ExplanationTxt2FAMILY-BROTHER,SISTER & BROTHER-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRUSTEES HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FAMILY-BROTHER, SISTER & BROTHER-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DECISIONS MADE BY GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COPIES ARE PROVIDED BEFORE SIGNING AND MAILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OFFICE RENT: PROGRAM SERVICE EXPENSES 28,218. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,218.
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 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART IX, LINE 11G
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01106555
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01106555
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06054456
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07011840
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04605 LANKERSHIM BLVD 629
IRS990/USAddress/CityNm0NORTH HOLLYWOOD
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091602
IRS990/VotingMembersGoverningBodyCnt03
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/PersonTitleTxt0SEC/TRES
ReturnHeader/BusinessOfficerGrp/PhoneNum08187630810
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR QUALITY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OPPORTUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0954234204
ReturnHeader/Filer/PhoneNum08187630810
ReturnHeader/Filer/USAddress/AddressLine1Txt04605 LANKERSHIM BLVD 629
ReturnHeader/Filer/USAddress/CityNm0NORTH HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091602
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/ReturnTs02022-11-04T15:36:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRAVERMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,011,840
Liabilities
$1,402
Net assets
$7,010,438
Revenue
$1,106,555
Expenses
$147,671
Net income
$958,884
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