Family Promise Of The Verdugos
- Assets
- $923.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Burbank, CA
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-2458342
Organization Overview
Family Promise Of The Verdugos is located in Burbank, CA. The organization was established in 2009. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Family Promise Of The Verdugos employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of The Verdugos 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 06/2021, Family Promise Of The Verdugos generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 46.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST FAMILIES EXPERIENCING HOMELESSNESS GAIN INDEPENDENCE BY TRANSITIONING INTO PERMANENT HOUSING AND EMPLOYMENT WITH THE SUPPORT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURBANK CARES
LOS ANGELES COUNTY DEVELOPMENT AUTHORITY RENT RELIEF
CALIFORNIA EMERGENCY SOLUTIONS HOUSING
BURBANK CARES
LOS ANGELES COUNTY DEVELOPMENT AUTHORITY RENT RELIEF
CALIFORNIA EMERGENCY SOLUTIONS HOUSING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Hernandez Chief Executive Officer | Officer | 40 | $167,877 |
Diana Moreno Treasurer | Trustee | 2 | $0 |
Steven Mozo Director | Trustee | 2 | $0 |
Carol Nunez Director | Trustee | 2 | $0 |
Pastor Todd Leonard Director | Trustee | 2 | $0 |
Deborah Weirick Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,859 |
| Investment income | $16,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,239 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,645,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240 |
| Advertising and promotion | $0 |
| Office expenses | $2,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,355 |
| Insurance | $25,652 |
| All other expenses | $0 |
| Total functional expenses | $1,432,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,279 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,022 |
| Total assets | $922,965 |
| Accounts payable and accrued expenses | $32,729 |
| 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 | $32,729 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $890,236 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Family Promise Of The Verdugos has recieved totaling $357,237.
| Awarding Organization | Amount |
|---|---|
Providence Health System-Southern California Renton, WA PURPOSE: SPONSORSHIP | $150,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $126,378 |
Burbank Health Care Foundation Burbank, CA PURPOSE: GRANT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,099 |
Providence Health & Services Foundation Burbank, CA PURPOSE: ASSIST THE HOMELESS TO GAIN INDEPENDENCE. | $18,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,918 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County Rescue Mission Inc Tustin, CA | $68,598,932 | $34,318,569 |
Shelter Inc Concord, CA | $14,444,332 | $21,530,611 |
Weingart Center Association Los Angeles, CA | $33,365,091 | $18,847,886 |
Los Angeles Mission Inc Los Angeles, CA | $38,073,711 | $20,929,973 |
S V D P Management Inc San Diego, CA | $126,946,951 | $29,252,283 |
Dolores Street Community Services Inc San Francisco, CA | $11,206,108 | $14,606,522 |
Central Arizona Shelter Services Inc Phoenix, AZ | $14,727,580 | $22,356,024 |
American Family Housing Midway City, CA | $30,863,211 | $13,031,401 |
Harbor Interfaith Services Inc San Pedro, CA | $13,082,815 | $12,163,087 |
Good Samaritan Shelter Santa Maria, CA | $20,024,181 | $13,355,686 |
Building Opportunities For Self- Sufficiency Berkeley, CA | $8,821,046 | $11,844,747 |
East Oakland Community Project Oakland, CA | $11,201,833 | $9,075,354 |