Overview
What is Broom Homestead Inc?
Broom Homestead Inc, established in February 2016, is a nonprofit organization situated in Los Angeles, California. Their primary mission is to offer affordable housing to individuals who have faced challenges with substance abuse, imprisonment, and veteran status, aiming to help them rebuild their lives. They provide housing in a communal setting and have served over 40 people annually. Their top three programs include Transitional Living, Stop-Parolees, and Sober Living, all designed to support individuals seeking a fresh start.
Is Broom Homestead Inc legitimate?
Broom Homestead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broom Homestead 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: $62,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Broom Homestead Inc?
Broom Homestead Inc's mission is centered around providing affordable housing to individuals who have faced challenges in their lives, specifically those with a history of substance abuse, imprisonment, or military service as veterans. These individuals are looking to rebuild their lives. The organization operates with the goal of offering a community environment for males aged 18 and above, providing them with a chance to overcome their struggles with substance abuse, PTSD, or stints in jail or prison. Annually, Broom Homestead Inc has served over 40 such individuals through its Transitional Living Program, Stop-Parolees, and Sober Living initiatives.
Who is the CEO of Broom Homestead Inc?
Walter Broom is the CEO of Broom Homestead Inc The CEO's salary of Broom Homestead Inc is $62,000 and their total compensation is $62,000.
What is the revenue of Broom Homestead Inc?
Broom Homestead Inc's revenue in 2023 was $368,747.
Who are the executives of Broom Homestead Inc and what are their salaries?
There 3 volunteers at Broom Homestead Inc.
Here are 2 key members and their salaries (Broom Homestead Inc's CEO's salary is $62,000 and their total compensation is $62,000):
- Compensation: $62,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Broom Homestead Inc?
Broom Homestead Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Broom Homestead Inc
Broom Homestead Inc, a nonprofit organization, is committed to providing affordable housing for individuals who have faced challenges related to substance abuse, incarceration, and military service. The mission of Broom Homestead Inc is to offer a sanctuary for homeless men, ages 18 and above, who have struggled with substance abuse, PTSD, or have a history of jail, prison, or military service. These individuals are seeking to rebuild their lives. Since its establishment in February 2016, Broom Homestead Inc has been serving over 40 individuals annually, offering them a community environment where they can restart their lives. The organization's top three programs include Transitional Living Program, Stop-Parolees, and Sober Living, all designed to support these individuals in their journey towards rehabilitation and self-sufficiency.
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Impact
October, 2024
Broom Homestead Inc has made a significant impact on the lives of homeless individuals in Los Angeles, particularly those facing challenges such as substance abuse, incarceration, and military-related trauma. Since its establishment in February 2016, the organization has provided affordable housing within a supportive community environment for males aged 18 and older.
Each year, Broom Homestead Inc serves over 40 individuals, offering them not just a roof over their heads, but a pathway to rebuilding their lives. Its key programs—Transitional Living Program, Stop-Parolees, and Sober Living—focus on rehabilitation and integration into society, addressing the unique needs of those who have experienced considerable hardships. By fostering a safe and structured environment, the organization empowers its residents to regain stability and find their footing, ultimately contributing to a reduction in homelessness and recidivism in the community.
This information is meant to be a general summary of Broom Homestead 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.
- Gross Receipts: $368,747
Assets and Liabilities:
- Total Assets: $434,644
- Total Liabilities: $376,248
- Net Assets: $58,396
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Organization Details
Founding Year
2016
Principal Officer
Aletheia Broom
NTEE Category
Code: P20 - Human services
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