Finnish-American Home Association
- Assets
- $1.5m
- Revenue
- $349.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Sonoma, CA
- Founding
- 06/1972
- Data as of
- 09/2022
- EIN
- 94-6279522
Organization Overview
Finnish-American Home Association is located in Sonoma, CA. The organization was established in 1972. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 09/2022, Finnish-American Home Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finnish-American Home Association 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, Finnish-American Home Association generated $349.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $460.7k during the year ending 09/2022. While expenses have increased by 4.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND SERVICES FOR THE ELDERLY, THROUGH PROGRAMS OF CULTURAL ENRICHMENT AND COMPANIONSHIP, FACILITATING ALL AGES IN THE SONOMA VALLEY OF CALIFORNIA.
Describe the Organization's Program Activity:
SERVICES AND FACILITATION OF LIVING ARRANGEMENTS FOR THE ELDERLY IN THE SONOMA VALLEY OF CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salla Vaerma-Jadlos Vice Preside | Officer | 1.75 | $0 |
Liisa Hale Treasurer | Officer | 6.25 | $0 |
Markku Ratilainen Director | Officer | 1.25 | $0 |
Katriina Valencia Secretary | Officer | 1.75 | $0 |
Alan Early Director | Trustee | 1 | $0 |
Riitta Deanda Director | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,044 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,609 |
| Total Program Service Revenue | $54,890 |
| Investment income | $1,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,919 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,210 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,434 |
| Payroll taxes | $20,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,792 |
| Fees for services: Accounting | $30,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,839 |
| Advertising and promotion | $750 |
| Office expenses | $6,339 |
| Information technology | $1,596 |
| Royalties | $0 |
| Occupancy | $81,380 |
| Travel | $1,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,596 |
| Insurance | $18,016 |
| All other expenses | $654 |
| Total functional expenses | $460,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,476 |
| 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 | $3,105 |
| Net Land, buildings, and equipment | $1,335,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,347 |
| Other assets | $0 |
| Total assets | $1,540,904 |
| Accounts payable and accrued expenses | $23,238 |
| 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 | $632,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,800 |
| Total liabilities | $674,720 |
| Net assets without donor restrictions | $859,164 |
| Net assets with donor restrictions | $7,020 |
| 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 | $1,540,904 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finnish-American Home Association has recieved totaling $168.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
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