Foundation Homes Inc
- Assets
- $321.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2023
- EIN
- 85-4377531
Organization Overview
Foundation Homes Inc is located in Las Vegas, NV. 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. Foundation Homes 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, Foundation Homes Inc generated $68.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $48.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AFTER SEARCHING FOR AFFORDABLE HOUSING IN THE CONNECTICUT AREA UNSUCCESSFULLY, THE NONPROFIT THEN DECIDED TO LOOK IN OTHER STATES SUCH AS TEXAS TO SECURE AFFORDABLE HOUSING. A HOUSE WAS LOCATED AND PURCHASED FOR THIS PURPOSE IN 2022 IN TEXAS. DURING 2023, IT WAS RENTED TO A QUALIFIED, DESERVING INDIVIDUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Funda Kopp President | 3 | $0 | |
Matthew H Kopp Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $18,242 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,100 |
| Occupancy, rent, utilities, and maintenance | $9,382 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,096 |
| Total expenses | $48,578 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,257 |
| Other assets | $0 |
| Total assets | $321,719 |
| Total liabilities | $187,383 |
| Net assets or fund balances | $134,336 |