Rhf Foundation
- Assets
- $204.2m
- Revenue
- $2.5m
- Investments
- $2.1m
- Employees
- 12
- Location
- Long Beach, CA
- Founding
- 07/1998
- Data as of
- 09/2022
- EIN
- 91-2145934
Organization Overview
Rhf Foundation is located in Long Beach, CA. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Rhf Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhf 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 09/2022, Rhf Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $11.2m during the year ending 09/2022. 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
TO PROVIDE LOW AND VERY LOW INCOME HOUSING DEVELOPMENT AND RESIDENT BENEVOLENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RHF FOUNDATION, INC., WAS ESTABLISHED TO HOLD CERTAIN TRUST FUNDS ON BEHALF OF RETIREMENT HOUSING FOUNDATION, A CALIFORNIA NONPROFIT CORPORATION. THE TRUST FUNDS WERE AVAILABLE TO PROVIDE DEVELOPMENT AND/OR EQUITY FUNDS FOR NEW PROJECTS BEING DEVELOPED TO PROVIDE SHELTER AND/OR SERVICES FOR VERY LOW, LOW AND MODERATE INCOME SENIORS; VERY LOW AND LOW INCOME FAMILIES; AND FOR VERY LOW AND LOW INCOME PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne R Joseph Past Director And President | OfficerTrustee | 0.2 | $0 |
Edna Ethington Director (term Ended 2/22) | Trustee | 0.2 | $0 |
Christina E Potter Director | Trustee | 0.2 | $0 |
Stephanie Titus Director And Treasurer | OfficerTrustee | 20.2 | $0 |
Stuart J Hartman Director And President | OfficerTrustee | 0.2 | $0 |
Donald G Hart Director And Vice President | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Community Home Builder General Contractor | 9/29/20 | $4,963,742 |
Hamel Builders Inc General Contractor | 9/29/20 | $2,928,833 |
Studio 111 Architect | 9/29/20 | $559,330 |
Housing Opportunities Unlimited General Contractor | 9/29/20 | $258,799 |
Grimm And Parker Architecture Architect | 9/29/20 | $194,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $248,606 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,836 |
| Total Program Service Revenue | $94,080 |
| Investment income | $2,114,895 |
| 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 | $2,502,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,570,966 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $751,138 |
| Pension plan accruals and contributions | $15,644 |
| Other employee benefits | $44,829 |
| Payroll taxes | $51,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $630 |
| Fees for services: Accounting | $1,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $8,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48 |
| Travel | $23,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $427,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,161,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,443,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,607,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $121,646,850 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $347,159 |
| Investments—publicly traded securities | $46,199,745 |
| Investments—other securities | $2,091,351 |
| Investments—program-related | $24,850,981 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,186,650 |
| Accounts payable and accrued expenses | $5,115,854 |
| 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 | $6,557,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,818,094 |
| Total liabilities | $19,491,703 |
| Net assets without donor restrictions | $108,621,541 |
| Net assets with donor restrictions | $76,073,406 |
| 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 | $204,186,650 |
Grants Awarded
Over the last fiscal year, Rhf Foundation has awarded $12,179,725 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RETIREMENT HOUSING FOUNDATION PURPOSE: TO ASSIST A RELATED ORGANIZATION IN PROVIDING SENIOR HOUSING AND RELATED SERVICES. | $11,459,952 |
HOLLYVIEW LIMITED PARTNERSHIP PURPOSE: TO ASSIST A RELATED ORGANIZATION IN PROVIDING SENIOR HOUSING AND RELATED SERVICES. | $219,773 |
TRINITY UNITED PRESBYTERIAN CHURCH PURPOSE: TO SUPPORT THE CHURCH'S MISSION OF DEMONSTRATING GOD'S LOVE IN THE WORLD | $500,000 |