Glennwood Housing Foundation
- Assets
- $10.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Laguna Beach, CA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 26-4381844
Organization Overview
Glennwood Housing Foundation is located in Laguna Beach, CA. The organization was established in 2010. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Glennwood Housing Foundation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glennwood Housing Foundation 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 12/2021, Glennwood Housing Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 8.3% 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
PROVIDE NONPROFIT HOUSING AND SUPPORTED LIVING FOR ADULTS WITH SPECIAL NEEDS WITH AN EMPHASIS ON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES AN INDEPENDENT LIVING RESIDENCE AND SUPPORTED LIVING TO ADULTS WITH DEVELOPMENTAL/ INTELLECTUAL DISABILITIES. THE FOUNDATION'S FACILITY INCLUDE STUDIO UNITS INCLUDING 30 SINGLE UNITS AND 13 PREMIUM ROOMS, WHICH CAN BE OCCUPIED AS A SINGLE OR DOULBLE OCCUPANCY, AND HOUSES ADULTS AGES 18 AND OLDER WITH INTELLECTUAL, PHYSICAL, AND/OR DEVELOPMENTAL DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Manners CEO | Officer | 40 | $117,454 |
Maarten Voogd Chair | OfficerTrustee | 6 | $0 |
Debbie Neev Treasury | Officer | 2 | $0 |
David Perry Boardmember | Trustee | 1 | $0 |
Rich Fair Boardmember | Trustee | 5 | $0 |
Jeff Meberg Boardmember | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,008 |
| Related organizations | $0 |
| Government grants | $145,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,276,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,547,106 |
| Total Program Service Revenue | $1,559,183 |
| Investment income | $470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,106,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $117,454 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $975,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,485 |
| Payroll taxes | $93,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,852 |
| Fees for services: Accounting | $132,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,531 |
| Advertising and promotion | $11,576 |
| Office expenses | $16,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $282,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,063 |
| Insurance | $50,971 |
| All other expenses | -$68,831 |
| Total functional expenses | $2,692,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,461,121 |
| Savings and temporary cash investments | $574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,885 |
| 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 | $30,626 |
| Net Land, buildings, and equipment | $8,970,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,325 |
| Total assets | $10,684,044 |
| Accounts payable and accrued expenses | $211,912 |
| 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 | $204,000 |
| Secured mortgages and notes payable | $6,489,677 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $165,370 |
| Total liabilities | $7,070,959 |
| Net assets without donor restrictions | $3,592,707 |
| Net assets with donor restrictions | $20,378 |
| 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 | $10,684,044 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Glennwood Housing Foundation has recieved totaling $1,040,971.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $1,000,000 |
Teresa & Paul Spiegelman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
The Hexberg Family Foundation Laguna Beach, CA PURPOSE: PROVIDE HOME AND SKILLS TO ADULTS WITH DEVELOPMENTAL DISABILITIES. | $10,000 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: COMMUNITY GRANT | $5,000 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $5,000 |
Jaffee Fam Foundation Laguna Beach, CA PURPOSE: GRATITUDE FOR GLENWOOD | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glennwood Housing Foundation Laguna Beach, CA | $10,684,044 | $4,106,759 |
Concord Residential Club Inc Concord, CA | $1,395,295 | $410,924 |
Peaceful Living Homes Pasadena, CA | $14,400 | $282,307 |
Bhs Community Development Corporation Long Beach, CA | $6,592,474 | $338,000 |
Ivy Glen Housing Corporation Glendale, CA | $742,780 | $271,661 |
Resiliency Village Soulsbyville, CA | $485,205 | $368,889 |
Joshua Tree Apartments Inc Bakersfield, CA | $591,965 | $146,835 |
Big Wave Group El Granada, CA | $5,856,206 | $328,974 |
Village At Oasis Park - Phase Ii Inc Mesa, AZ | $2,054,150 | $105,028 |
River City Residential Club Inc Long Beach, CA | $329,353 | $168,088 |
Alpine East Inc Portland, OR | $483,016 | $112,679 |
Great Expectations Housing Corporation Reseda, CA | $509,948 | $93,841 |