Overview
What is Love Home Inc?
Love Home Inc is a nonprofit organization situated in Inglewood, California, specifically at 119 E Beach Ave Unit 7, CA 90302. Their primary mission is to offer supportive housing in a secure and compassionate environment to individuals aged 18 and above. This shared housing facility aims to assist those in need, with their most significant activity being the provision of supportive housing. Love Home Inc operates with the intention of providing a safe and nurturing environment for its residents, offering them the necessary support during their tenure.
Official website here: www.lovehomeinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Love Home Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 49% reflects a lack of independent board members, with 0% of the board being independent, which raises questions about governance and oversight. Additionally, the organization has not provided financial statements, contributing to transparency issues.
Despite having a relatively high program expense ratio of 73.30%, the nonprofit faces severe financial red flags, including a liabilities to assets ratio of 283.11%. This suggests that the organization may be overextended financially, potentially jeopardizing its sustainability. While it has policies listed for conflict of interest, whistleblower protection, and document retention, the absence of board meeting minutes and posted tax forms on their website further diminishes trust among potential donors.
Overall, while Love Home Inc has some positive aspects, such as a commitment to program expenses, the overwhelming financial concerns and lack of independent governance indicate serious issues that need to be addressed for the organization to improve its standing and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Love Home Inc legitimate?
Love Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Home Inc 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: $174,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lovehomeinc.org
What is the mission statement of Love Home Inc?
Love Home Inc's mission is centered around providing supportive housing in a secure and compassionate environment for individuals in need. Their primary activity involves offering shared supportive housing for adults aged 18 and above, fostering an inclusive living space. The organization aims to provide assistance to these individuals, striving to enhance their overall well-being.
Official website here: www.lovehomeinc.org
Who is the CEO of Love Home Inc?
Zina Love is the CEO of Love Home Inc The CEO's salary of Love Home Inc is $108,000 and their total compensation is $108,000.
Official website here: www.lovehomeinc.org
What is the revenue of Love Home Inc?
Love Home Inc's revenue in 2023 was $2,979,500.
Official website here: www.lovehomeinc.org
Who are the executives of Love Home Inc and what are their salaries?
Here are 5 key members and their salaries (Love Home Inc's CEO's salary is $108,000 and their total compensation is $108,000):
- Compensation: $108,000
- Related: $0
- Other: $0
- Compensation: $39,520
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lovehomeinc.org
Where can I find the form 990 for Love Home Inc?
Love Home Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lovehomeinc.org
Learn more at the official website: www.lovehomeinc.org
Mission Statement of Love Home Inc
Love Home Inc, a nonprofit organization, is dedicated to providing supportive housing with a nurturing and compassionate environment for individuals in need. Their primary mission involves offering shared interim housing for men and women aged 18 and above, ensuring a non-coed living space. The organization's most significant activity revolves around this supportive housing initiative, aiming to offer a safe and nurturing environment for its residents.
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Impact
July, 2024
Love Home Inc's impact is significant in providing shared interim supportive housing for men and women 18 and older in Inglewood, CA. Their mission of creating a safe and compassionate environment, along with providing assistance for those in need, directly addresses the challenge of homelessness faced by many individuals in the community. Through their core activity of offering shared supportive housing, Love Home Inc is making a positive difference by helping individuals in need find stability and support.
This information is meant to be a general summary of Love Home Inc. 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 2023.
- Investment Income: $3
- Program Service Revenue: $24,488
- Gross Receipts: $2,979,500
Assets and Liabilities:
- Total Assets: $105,864
- Total Liabilities: $299,720
- Net Assets: -$193,856
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Supportive housing
Revenue
$24,488
Organization Details
Founding Year
2014
Principal Officer
Zina Love
Website
www.lovehomeinc.orgNTEE Category
Code: L40 - Housing
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