Love Home Inc
- Assets
- $105.9k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Inglewood, CA
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-5728203
Organization Overview
Love Home Inc is located in Inglewood, CA. The organization was established in 2014. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Home 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 12/2022, Love Home Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 58.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SUUPPORIVE HOUSING WITH A SAFE AND COMPASSIONATE ENVIRONMENT AND ASSITANCE FOR THOSE IN NEED OUR MOST SIGNIFICANT ACTIVITY IS PROVIDING SHARED SUPPORTIVE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARED INTERIM SUPPORTIVE HOUSING FOR MEN AND WOMEN 18 AND OLDER (NON-COED).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zina Love CEO | Trustee | 40 | $108,000 |
Lisa Dolphin Board Member | Trustee | 40 | $39,520 |
David Dolphon Treasurer | Trustee | 4 | $0 |
Richard Steptoe Secretary | Trustee | 4 | $0 |
Donna Frey Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,808,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,808,411 |
| Total Program Service Revenue | $25,654 |
| Investment income | $3 |
| 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 | $2,834,068 |
| 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. | $145,249 |
| Compensation of current officers, directors, key employees. | $37,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,101,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $303,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,040 |
| Fees for services: Accounting | $54,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $247 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $747,628 |
| Travel | $1,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $134,273 |
| All other expenses | $56,885 |
| Total functional expenses | $2,991,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,861 |
| Savings and temporary cash investments | $667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $80,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,450 |
| Total assets | $105,864 |
| Accounts payable and accrued expenses | $30,735 |
| Grants payable | $30,000 |
| 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 | $238,985 |
| Total liabilities | $299,720 |
| Net assets without donor restrictions | -$193,856 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,864 |