Civic Intelligence

Homeboy Industries

990 • Fiscal year 2021 • EIN 95-4800735

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

130 W Bruno StreetLos Angeles, CA 90012

(323) 526-1254

Siviq Scores

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

Liabilities / Assets

41st percentile

0.17x

Higher debt load relative to assets than 41% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.19x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$250,659

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

98th percentile

129%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

94%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$59,123,075

Up $33,309,139 (+129%) from 2020

Net Assets

Up

$49,251,712

Up $29,718,810 (+152%) from 2020

Liabilities

Up

$9,871,363

Up $3,590,329 (+57%) from 2020

Revenue

Up

$52,322,011

Up $25,364,799 (+94%) from 2020

Expenses

Up

$22,531,360

Up $3,332,521 (+17%) from 2020

Net Income

Up

$29,790,651

Up $22,032,278 (+284%) from 2020

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $13,991,070Liabilities 2010: $1,573,332Net Assets 2010: $12,417,7382010Assets 2011: $13,793,042Liabilities 2011: $1,798,409Net Assets 2011: $11,994,6332011Assets 2012: $10,807,400Liabilities 2012: $3,090,101Net Assets 2012: $7,717,2992012Assets 2013: $11,174,764Liabilities 2013: $3,197,370Net Assets 2013: $7,977,3942013Assets 2014: $12,038,883Liabilities 2014: $3,297,881Net Assets 2014: $8,741,0022014Assets 2015: $12,669,395Liabilities 2015: $4,226,612Net Assets 2015: $8,442,7832015Assets 2016: $11,458,975Liabilities 2016: $3,165,299Net Assets 2016: $8,293,6762016Assets 2017: $13,597,392Liabilities 2017: $2,556,738Net Assets 2017: $11,040,6542017Assets 2018: $13,553,281Liabilities 2018: $1,507,645Net Assets 2018: $12,045,6362018Assets 2019: $14,443,399Liabilities 2019: $2,409,442Net Assets 2019: $12,033,9572019Assets 2020: $25,813,936Liabilities 2020: $6,281,034Net Assets 2020: $19,532,9022020Assets 2021: $59,123,075Liabilities 2021: $9,871,363Net Assets 2021: $49,251,7122021Assets 2022: $87,310,269Liabilities 2022: $24,531,932Net Assets 2022: $62,778,3372022Assets 2023: $102,103,885Liabilities 2023: $29,621,708Net Assets 2023: $72,482,1772023Assets 2024: $110,036,544Liabilities 2024: $31,580,409Net Assets 2024: $78,456,1352024

Highlighted filing

2021

Assets$59,123,075
Liabilities$9,871,363
Net Assets$49,251,712

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $10,090,0262010Expenses 2011: $12,288,2672011Expenses 2012: $15,027,8962012Revenue 2013: $12,420,609Expenses 2013: $12,160,514Net Income 2013: $260,0952013Revenue 2014: $13,323,741Expenses 2014: $12,560,133Net Income 2014: $763,6082014Revenue 2015: $13,829,713Expenses 2015: $14,127,932Net Income 2015: -$298,2192015Revenue 2016: $14,409,976Expenses 2016: $14,762,128Net Income 2016: -$352,1522016Revenue 2017: $17,085,000Expenses 2017: $14,246,173Net Income 2017: $2,838,8272017Revenue 2018: $18,287,343Expenses 2018: $17,245,548Net Income 2018: $1,041,7952018Revenue 2019: $18,057,093Expenses 2019: $18,002,503Net Income 2019: $54,5902019Revenue 2020: $26,957,212Expenses 2020: $19,198,839Net Income 2020: $7,758,3732020Revenue 2021: $52,322,011Expenses 2021: $22,531,360Net Income 2021: $29,790,6512021Revenue 2022: $46,596,527Expenses 2022: $32,286,597Net Income 2022: $14,309,9302022Revenue 2023: $47,197,305Expenses 2023: $40,046,279Net Income 2023: $7,151,0262023Revenue 2024: $46,951,306Expenses 2024: $41,682,660Net Income 2024: $5,268,6462024

Highlighted filing

2021

Revenue$52,322,011
Expenses$22,531,360
Net Income$29,790,651
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$54,744,011
Mission and Program Overview

Mission

Provides hope, training, and support to previously incarcerated and formerly gang involved men and women, allowing them to redirect their lives and become contributing members of our community.

Provides hope, training & support to previously incarcerated & formerly gang involved people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,081,360$43,018,334▲ $31,936,974
Land, Buildings, and Equipment, Net$8,665,993$8,709,231▲ $43,238
Accounts Receivable$1,320,356$2,322,819▲ $1,002,463
Pledges and Grants Receivable$1,825,407$1,203,526▼ $621,881
Investments Other Securities$245,261$245,261→ $0
Inventories for Sale or Use$223,187$224,656▲ $1,469
Prepaid Expenses and Deferred Charges$91,915$167,930▲ $76,015
Total Assets$25,813,936$59,123,075▲ $33,309,139
Other Assets Total$2,360,457$3,231,318▲ $870,861
Liabilities
Deferred Revenue$1,649,267$5,615,991▲ $3,966,724
Accounts Payable and Accrued Expenses$1,544,959$2,422,168▲ $877,209
Other Liabilities$33,908$948,204▲ $914,296
Unsecured Notes Loans Payable$2,467,900$800,000▼ $1,667,900
Mortgage Notes Payable Secured by Investment Property$585,000$85,000▼ $500,000
Total Liabilities$6,281,034$9,871,363▲ $3,590,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,219,663$41,985,382▲ $25,765,719
Net Assets With Donor Restrictions$3,313,239$7,266,330▲ $3,953,091
Total Net Assets Fund Balance$19,532,902$49,251,712▲ $29,718,810
Total Liabilities and Net Assets / Fund Balance$25,813,936$59,123,075▲ $33,309,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,042,151$4,514,665$8,556,816
Equipment$234,275$3,211,780$3,446,055
Land$2,487,588-$2,487,588
Other Land Buildings$647,017$940,824$1,587,841
Leasehold Improvements$1,298,200$5,345$1,303,545
Other Assets Org$77,810--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven Manuel DelgadoChief Development OfficerFT$230,503$20,156$250,659
Arlin CraneVP Social EnterprisesFT$168,315$16,510$184,825
Shirley TorresChief Program OfficerFT$135,749$80$135,829
Alfreda SmithHuman Resources DirectorFT$119,761$6,683$126,444
Andrew PlattsDirector Information TechnologyFT$114,131$156$114,287
James a BurkCFO (term End)FT$96,312-$96,312
Fr Gregory Boyle SjExecutive DirectorFT$85,675$6,510$92,185
Gilbert MuroCFOFT$73,577-$73,577

Board Members and Trustees

NameTitle
Pernille LopezChair
Viktor RzeteljskiVice Chair
Alan SmoliniskyBoard Member
Alex Chaves SrBoard Member
Ashley PalmerBoard Member
Beatrice AcevedoBoard Member
Bruce KaratzBoard Member
Carlos VasquezBoard Member
Cecilia CabelloBoard Member
Christine LynchBoard Member
David HerbstBoard Member
Elizabeth StephensonBoard Member
Fr Allan Deck SjBoard Member
Jane FondaBoard Member
Joe ArgilagosBoard Member
John CusenzaBoard Member
Lupita Cornejo-sanchezBoard Member
Mercedes MartinezBoard Member
O'MALLEY MILLERBoard Member
Oscar GonzalezBoard Member
Rick OlivarezBoard Member
Sean ArianBoard Member
Troy DawsonBoard Member
Wayne RatkovichBoard Member
Thomas VozzoCEO
Hilda EcheverriaSecretary
Zachary Esteban GuevaraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$47,006,620
Program Service Revenue
$175,234
Investment Income
$0
Other Revenue
$5,140,157
All Other Contributions
$41,110,492
Change in Net Assets
$29,790,651

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded28$634,241Fair Market Value (FMV)
Total Noncash Contributions28$634,241-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,248,163
Other Expenses$7,450,495
Grants and Similar Amounts Paid$4,832,702
Total Fundraising Expense$1,977,804
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,652,914$924,214$837,323$8,414,451
Grants to Domestic Orgs$4,832,702--$4,832,702
Fees for Services Other$531,040$752,283$540,306$1,823,629
Office Expenses$490,268$230,951$204,585$925,804
Payroll Taxes$851,816$3,476$61,561$916,853
Current Officers, Directors, Trustees, and Key Employees$584,607$79,552$72,918$737,077
Travel$468,258$162,240$52,085$682,583
Occupancy$470,907$106,526$26,853$604,286
Depreciation Depletion$449,409$101,663$25,627$576,699
Information Technology$126,552$188,181$37,636$352,369
All Other Expenses$74,382$151,700$33,267$259,349
Insurance$81,681$79,238$35,483$196,402
Other Employee Benefits$120,576$492$8,714$129,782
Pension Plan Contributions$46,453$190$3,357$50,000
Advertising$2,932$7,290$16,052$26,274
Fees for Services Accounting-$25,788-$25,788
Interest$5,310$8,420$8,502$22,232
Other Expenses$11,139$3,860$1,239$16,238
Fees for Services Legal-$13,911-$13,911
Conferences and Meetings$7,410$2,567$824$10,801
Total Functional Expenses$17,572,717$2,980,839$1,977,804$22,531,360
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homeboy Services IncLos Angeles, CA501(c)(3)Kinship Grant Program$4,832,702
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$425,608
Fundraising Gross Income$425,608
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lo Maximo$1,612,888$226,631$226,631$0
5k$608,765$198,977$167,493$31,484
Total Events$2,258,904$425,608$425,608$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Homeboy Art Academy$948,204
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee includes 1) pernille lopez, board chair 2) zac guevara, treasurer 3) viktor rzeteljski, vice chair 4) sean arian, board member 5) fr. Gregory boyle, sj, executive director 6) hilda echeverria, secretary 7) thomas vozzo, chief executive officer

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

Form 990 is reviewed by the ceo, cfo, and audit committee chair prior to filing.

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

The organization monitors compliance based on its conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The executive committee determines the ceo and cfo salary, without the interested persons involved.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Homeboy Industries
EIN
95-4800735
Phone
3235261254
Address
130 W BRUNO STREET, LOS ANGELES, CA 90012

Signing Officer

Name
Gilbert Muro
Title
CFO
Phone
3235261254
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Vazzo
Formed
2000
Legal Domicile
CA
Voting Board Members
28
Independent Board Members
27
Employees
412
Volunteers
27

Preparer

Firm
Green Hasson & Janks Llp
Address
700 SOUTH FLOWER STREET SUITE 3300, LOS ANGELES, CA 90017
Preparer
Lizbeth G Nevarez
Phone
3108731600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Bad debt expense -71,841.

Financial Statement Notes

PART X, LINE 2:

In accordance with the financial accounting standards board's (fasb) accounting standards codification topic no. 740, uncertainty in income taxes, homeboy industries recognizes the impact of tax positions in the financial statements if that position is more likely than not to be sustained on audit, based on the technical merits of the position. During the year ended december 31, 2021, homeboy industries performed an evaluation of uncertain tax positions and did not note any matters that would require recognition in the financial statements or which might have an effect on its tax-exempt status.

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IRS990/ActivityOrMissionDesc0PROVIDES HOPE, TRAINING & SUPPORT TO PREVIOUSLY INCARCERATED & FORMERLY GANG INVOLVED PEOPLE.
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IRS990/Desc0SOCIAL ENTERPRISESHOMEBOY BAKERY - TRAINEES AT OUR OLDEST SOCIAL ENTERPRISE BUSINESS LEARN ALL ASPECTS OF BAKING, FROM ORDERING SUPPLIES TO PERATING A PASTRY MACHINE TO INTERACTING WITH CUSTOMERS. WE SELL ARTISAN BREADS, PASTRIES, AND CAKES AT OUR HEADQUARTERS AND FARMERS' MARKETS AROUND LOS ANGELES, AS WELL AS TO LOCAL RESTAURANTS. HOMEBOY BAKERY WAS THE ORGANIZATION'S ORIGINAL MISSION BUSINESS, FOUNDED IN 1994, WHERE FORMER RIVALS WORKED SIDE BY SIDE AS SCRATCH BAKERS LOCATED IN AN 80-YEAR OLD BUILDING, THE BAKERY SUFFERED AN ELECTRICAL FIRE IN 1999. IN 2005, HOMEBOY HIRED SEVERAL YOUNG MEN TO PREPARE THEM TO BECOME LEADERS IN THE NEW BAKERY. THESE BAKERS ATTENDED CLASSES AT LOS ANGELES TRADE TECH AND INTERNED AT A LOCAL BAKERY, READYING THEMSELVES TO REOPEN THE BAKERY IN 2007 LOCATED IN THE NEW HOMEBOY FACILITY. HOMEBOY BAKERY REOPENED ITS DOORS TO THE PUBLIC ON OCTOBER 2, 2007, IN A MODERN, WELL-EQUIPPED HOME UNDER THE GUIDANCE OF MASTER BAKER ALVARO OCEQUEDA. THE LEAD BAKERS WORK ALONGSIDE YOUTH HIRED TO TAKE THEIR FIRST STEPS IN THE BAKERY WORLD.HOMEGIRL CAFE IS A FEMALE - CENTERED SPACE WHERE TRAINEES CAN BUILD SELF-ESTEEM AS WELL AS JOB SKILLS. BY WORKING ALONGSIDE OTHER WOPMEN, SOME OF WHOM ARE FROM "ENEMY" GANGS, HOMEGIRL CAFE TRAINEES BEGIN TO SEE EACH OTHER AS ALLIES. WORKING AS BUSSERS, SERVERS, LINE COOKS, AND SOUS CHEFS, THEY SERVE FRESH MEXICAN-FUSHION BREAKFASTS AND LUNCHES IN A FAST-PACED ENVIRONMENT.FEED HOPE WAS CREATED IN APRIL 2020 TO RESPOND TO THE COVID-19 PANDEMIC WHICH EXPANDED THE NEED FOR PACKAGED MEALS FOR SENIOR CITIZENS AND THE UNDER SERVED COMMUNITIES. THROUGH SEVERAL FUNDING PARTNERS FEED HOPE WAS ABLE TO PROVIDE AS MANY AS 15,000 AND 25,000 MEALS WEEKLY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt30CFO (TERM END)
IRS990/Form990PartVIISectionAGrp/TitleTxt31CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt32VP SOCIAL ENTERPRISES
IRS990/Form990PartVIISectionAGrp/TitleTxt33HUMAN RESOURCES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIR INFORMATION TECHNOLOGY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt01833296
IRS990/FundraisingDirectExpensesAmt0425608
IRS990/FundraisingGrossIncomeAmt0425608
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt028
IRS990/GovernmentGrantsAmt04062832
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt04832702
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04832702
IRS990/GrantsToIndividualsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$31.6$78.5$47.0$41.7$5.27
2023Detailed filing. Detailed filing data is available for this year.$102$29.6$72.5$47.2$40.0$7.15
2022Detailed filing. Detailed filing data is available for this year.$87.3$24.5$62.8$46.6$32.3$14.3
2021Detailed filing. Detailed filing data is available for this year.$59.1$9.87$49.3$52.3$22.5$29.8
2020Detailed filing. Detailed filing data is available for this year.$25.8$6.28$19.5$27.0$19.2$7.76
2019Detailed filing. Detailed filing data is available for this year.$14.4$2.41$12.0$18.1$18.0$0.05
2018Detailed filing. Detailed filing data is available for this year.$13.6$1.51$12.0$18.3$17.2$1.04
2017Detailed filing. Detailed filing data is available for this year.$13.6$2.56$11.0$17.1$14.2$2.84
2016Detailed filing. Detailed filing data is available for this year.$11.5$3.17$8.29$14.4$14.8$0.35
2015Detailed filing. Detailed filing data is available for this year.$12.7$4.23$8.44$13.8$14.1$0.30
2014Detailed filing. Detailed filing data is available for this year.$12.0$3.30$8.74$13.3$12.6$0.76
2013Detailed filing. Detailed filing data is available for this year.$11.2$3.20$7.98$12.4$12.2$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$3.09$7.72$15.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.80$12.0$12.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$1.57$12.4$10.1
Peer Organizations

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