Living Hope Foundation
- Assets
- $2.4m
- Revenue
- $127.7k
- Investments
- $399.1k
- Employees
- 0
- Location
- Chino Hills, CA
- Founding
- Data as of
- 12/2022
- EIN
- 37-1977365
Organization Overview
Living Hope Foundation is located in Chino Hills, CA. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Hope 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 12/2022, Living Hope Foundation generated $127.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.9%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PURCHASED A COMMERCIAL BUILDING IN 2021 WITH INTENTIONS OF OPERATING A FOOD MARKET TO ADDRESS THE FOOD DESERT ISSUES IN POMONA, CALIFORNIA. THE ORGANIZATION WILL PARTNER WITH LOCAL FARMERS TO PROVIDE NUTRITIONAL FOOD AND ORGANIC FRUITS AND VEGETABLES TO THE COMMUNITY. ADDITIONALLY, A GELATO, COFFEE, AND SANDWICH SHOP WILL OPERATE WHILE BEING A BUSINESS INCUBATOR FOR MINORITY AND WOMEN RESIDENTS TO LAUNCH BUSINESSES. THE ORGANIZATION ALSO PLANS TO PROVIDE MENTAL HEALTH SERVICES AND TUTORING FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giuseppe Antonelli CEO | 1 | $0 | |
Sandra Antonelli Cfo/secretar | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,417 |
| Interest on Savings | $1,757 |
| Dividends & Interest | $12,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,562 |
| Capital Gain Net Income | $104,562 |
| Net ST Capital Gain | $104,562 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39 |
| Total Revenue | $127,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,285 |
| Depreciation | $0 |
| Occupancy | $42,418 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,089 |
| Total operating and administrative expenses | $118,122 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $118,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,083 |
| Savings and temporary cash investments | $95,268 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,856,773 |
| Other assets | $0 |
| Total assets | $2,433,211 |
| Accounts payable and accrued expenses | $480 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $480 |