Overview
What is Homeboy Services Inc?
Homeboy Services Inc, located at 130 W Bruno Street, Los Angeles, CA 90012, is a nonprofit organization dedicated to alleviating poverty and improving the lives of underprivileged individuals in low-income and underserved communities. One of their key initiatives is the Kinship Grant Program, designed to provide financial assistance to Homeboy trainees during their healing process, covering services and educational expenses. As an intermediary entity, Homeboy Services Inc manages these grants, aiming to lessen neighborhood tensions, combat prejudice and discrimination, and combat community deterioration.
What are the reviews and ratings of this charity?
Homeboy Services Inc has earned a Four-Star out of Four Star rating from Charity Navigator, with a score of 94%. This exceptional rating reflects the organization’s strong commitment to accountability and financial transparency, crucial factors for donor trust. The organization demonstrates excellent governance practices, with 96% of its board members being independent and robust policies in place to manage conflicts of interest and whistleblower protections.
One of the standout aspects of Homeboy Services Inc is its remarkable program expense ratio of 100%, indicating that all its expenditures are directed toward its programs rather than administrative costs. This is backed up by thorough oversight and a dedicated audit committee, reinforcing their accountability to stakeholders. Additionally, the organization reports no material diversion of assets, further supporting its integrity and responsible management of funds.
User reviews from GreatNonprofits were not available for this organization, but the information provided through Charity Navigator highlights Homeboy Services Inc as a reliable and well-managed nonprofit, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Homeboy Services Inc legitimate?
Homeboy Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeboy Services 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:
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What is the mission statement of Homeboy Services Inc?
Homeboy Services Inc's mission is geared towards alleviating poverty and distress among the underprivileged, reducing neighborhood tensions, eliminating prejudice and discrimination, and combating community deterioration in low-income and underserved communities. As an intermediary entity, Homeboy Services Inc aims to provide kinship grants to its trainees during their healing period, supporting them with necessary services and education. The kinship grant program's purpose is to aid Homeboy trainees financially during their time of transformation and growth.
Who is the CEO of Homeboy Services Inc?
Thomas Vozzo is the CEO of Homeboy Services Inc The CEO's salary of Homeboy Services Inc is $0 and their total compensation is $0.
What is the revenue of Homeboy Services Inc?
Homeboy Services Inc's revenue in 2023 was $8,186,658.
Who are the executives of Homeboy Services Inc and what are their salaries?
Here are 33 key members and their salaries (Homeboy Services Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Homeboy Services Inc?
Homeboy Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Homeboy Services Inc
Homeboy Services Inc, a nonprofit organization, is committed to alleviating poverty and distress among underprivileged individuals. Its mission extends beyond financial aid, aiming to reduce neighborhood tensions, combat prejudice and discrimination, and combat community deterioration in low-income and underserved communities. The organization serves as an intermediary entity, playing a significant role in addressing societal issues that disproportionately affect these communities.
One of Homeboy Services Inc's key initiatives is the Kinship Grant Program. This program is designed to offer financial assistance to Homeboy trainees during their period of healing, providing them with resources for services and education. The purpose of this program is to empower trainees, allowing them to focus on their personal growth and development during a critical time in their lives. By offering this support, Homeboy Services Inc is able to contribute to the overall well-being of its trainees, helping them overcome challenges and improve their lives.
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Impact
July, 2024
Homeboy Services Inc's impact is significant in relieving poverty and distress among the underprivileged, lessening neighborhood tensions, eliminating prejudice and discrimination, and combating community deterioration in low-income and underserved communities. Through its Kinship Grant Program, Homeboy Services Inc acts as an intermediary entity to provide grants to its trainees during their time of healing for services and education. By offering these grants, Homeboy Services Inc not only supports individuals in need but also contributes to improving the overall well-being and resilience of the communities it serves. Additionally, by focusing on employment opportunities through its activities, Homeboy Services Inc is helping individuals build a path towards economic stability and self-sufficiency.
This information is meant to be a general summary of Homeboy Services 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: $8,186,658
Assets and Liabilities:
- Total Assets: $23,519
- Total Liabilities: $2,500
- Net Assets: $21,019
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Organization Details
Founding Year
2018
Principal Officer
Thomas Vozzo
NTEE Category
Code: J30 - Employment
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