Of Home Family And Future Inc
- Assets
- $947.5k
- Revenue
- $243.0k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-2014390
Organization Overview
Of Home Family And Future Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of Home Family And Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Of Home Family And Future Inc generated $243.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $296.7k during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FUNDS FOR INDIVIDUALS WHO HAVE SHOWN THE POTENTIAL TO BECOME SUCCESSFUL MEMBERS OF SOCIETY, BUT LACK THE RESOURCES TO OVERCOME POVERTY OR ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE A PROFOUND DIFFERENCE IN THE LIVES OF HIGHLY MOTIVATED AND QUALIFIED PEOPLE WHO POSSESS THE DESIRE AND DRIVE TO SUCCEED BUT LACK THE OPPORTUNITY AND RESOURCES. THE ORGANIZATION SEEKS TO ACCOMPLISH THIS GOAL BY AWARDING GRANTS TO HELP WOMEN AND CHILDREN AFFECTED BY DOMESTIC VIOLENCE TO CREATE STRONG, AND ECONOMICALLY INDEPENDENT FAMILIES. GRANTS ARE ALSO AWARDED FOR OTHER SERVICES SUCH AS, CHILD CARE, JOB TRAINING, CAREER AND FINANCIAL COUNSELING.IN ADDITION, THERE IS AN EDUCATIONAL MENTORING PROGRAM WHICH AWARDS GRANTS AND PROVIDES MENTORS TO STUDENTS FROM THE FOSTER CARE SYSTEM WHO ARE ATTENDING POST-SECONDARY EDUCATION.
THE ORGANIZATION ALSO AWARDS FINANCIAL AID TO MATRICULATED HIGH SCHOOL STUDENTS IN FOSTER CARE TO BE SUCCESSFUL IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanisha Browne Executive Dir. | OfficerTrustee | 40 | $125,000 |
Robert I Schulman Chairman | OfficerTrustee | 5 | $0 |
Dr Nancy Schulman Director | Trustee | 5 | $0 |
Mirza Dolmo Director | Trustee | 1 | $0 |
Jeryl Paris Director | Trustee | 1 | $0 |
Michael Venuti Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,920 |
| Noncash contributions included in lines 1a–1f | $10,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,920 |
| Total Program Service Revenue | $0 |
| Investment income | $32,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $18,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,396 |
| Information technology | $1,125 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,736 |
| All other expenses | $125 |
| Total functional expenses | $296,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,215 |
| Savings and temporary cash investments | $5,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,796 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $829,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $947,514 |
| Accounts payable and accrued expenses | $8,267 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,267 |
| Net assets without donor restrictions | $926,747 |
| Net assets with donor restrictions | $12,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $947,514 |