Overview
What is Homes For Life Foundation?
Homes For Life Foundation is a nonprofit organization situated in Los Angeles, California, specifically at 8939 S Sepulveda 460, ZIP code 90045. Their primary mission is to create and manage community housing for individuals with chronic mental disabilities. By developing these living spaces, the foundation aims to provide essential mental health services and case management to support its clientele. Currently, Homes For Life Foundation manages 11 such housing facilities, offering three daily meals, planned activities, and necessary care and supervision to its residents. The organization is also actively working on expanding its projects to accommodate more mentally ill individuals and enhance their overall well-being. With a workforce of 71 dedicated employees, Homes For Life Foundation remains committed to improving the lives of those with mental health challenges.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 79% (Three-Star out of Four Stars)**
The Homes For Life Foundation holds a Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. The organization excels in several areas, demonstrating strong financial practices such as having a fully independent board and good oversight through an audit and risk management committee. However, it faces challenges in its assets to liabilities ratio, which could indicate potential financial stability concerns.
The organization maintains a high program expense ratio, meaning that a significant portion of its funding is directed towards its programs rather than administration. While its governance policies, including conflict of interest and whistleblower policies, are well-established, the lack of a publicly listed website on its tax forms and missing financial documentation on its site were noted as limitations.
Feedback from GreatNonprofits is not currently available, which limits insights from users on their experiences with the charity. Overall, while Homes For Life Foundation demonstrates strong fiscal responsibility and governance, it may need to address its financial ratios and improve transparency further for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Homes For Life Foundation legitimate?
Homes For Life Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For Life Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $137,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,181,635
For more financial information, click here
What is the mission statement of Homes For Life Foundation?
The Homes for Life Foundation's mission is centered around developing community housing for individuals with chronic mental disabilities and providing them with essential mental health and case management services. This organization operates various housing facilities, ensuring residents receive nutritious meals and engage in planned activities. Furthermore, Homes for Life Foundation is actively working on expanding its housing projects to cater to more individuals with mental illnesses and offer them necessary care and support.
Who is the CEO of Homes For Life Foundation?
Carol Liess is the Executive Director of Homes For Life Foundation.
What is the revenue of Homes For Life Foundation?
Homes For Life Foundation's revenue in 2022 was $7,548,097.
Who are the executives of Homes For Life Foundation and what are their salaries?
The average compensation at Homes For Life Foundation during 2022 was $46,753. There are 71 employees at Homes For Life Foundation.
Here are 14 key members and their salaries:
- Compensation: $137,800
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- Other: $0
- Compensation: $128,540
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Where can I find the form 990 for Homes For Life Foundation?
Homes For Life Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homes For Life Foundation
Homes For Life Foundation, a nonprofit organization, is committed to developing community housing for individuals living with chronic mental disabilities. Their primary mission is twofold: to provide these individuals with a safe living environment and to deliver essential mental health and case management services. By owning and operating various housing sites, Homes for Life Foundation ensures that its residents receive nutritious meals daily, participate in planned activities, and receive necessary care and supervision. Furthermore, the organization is actively working on expanding its housing projects to accommodate more mentally ill individuals and offer them the necessary support. The ultimate goal of Homes For Life Foundation is to improve the quality of life for those living with chronic mental disabilities, enabling them to lead more independent and fulfilling lives.
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Impact
October, 2024
Homes For Life Foundation significantly impacts the lives of the chronically mentally disabled by developing community housing and delivering essential mental health and case management services. Operating 11 housing sites in Los Angeles, the foundation provides residents with a supportive environment that includes three nutritious meals daily and structured activity programs. This holistic approach not only ensures that individuals have their basic needs met but also fosters social engagement and personal growth.
With ongoing efforts to develop additional housing projects, Homes For Life Foundation is committed to expanding its reach and enhancing the quality of care for its clients. By focusing on both housing and supportive services, the foundation plays a crucial role in improving the overall well-being and stability of individuals living with mental health challenges.
This information is meant to be a general summary of Homes For Life Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $178,508
- Program Service Revenue: $1,149,113
- Gross Receipts: $7,548,097
Assets and Liabilities:
- Total Assets: $8,699,070
- Total Liabilities: $19,387,410
- Net Assets: -$10,688,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Support Income
Revenue
$858,599
Rental Income
Revenue
$290,514
Organization Details
Founding Year
1987
Phone
(310) 337-7417Principal Officer
Carol Liess
Main Address
8939 S SEPULVEDA 460, LOS ANGELES, CA, 90045
NTEE Category
Code: P73Z - Human services
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