| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 762,287 | 845,638 | 802,417 | 822,831 | 1,583,138 | 4,816,311 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 762,287 | 845,638 | 802,417 | 822,831 | 1,583,138 | 4,816,311 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 182,515 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 4,633,796 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 762,287 | 845,638 | 802,417 | 822,831 | 1,583,138 | 4,816,311 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 132 | 132 | 167 | 23,151 | 34,379 | 57,961 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 4,874,272 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6 | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | ||||||
| c | Add lines 10a and 10b | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6Total annual distributions. Add lines 1 through 5. | 6 | |
|
7
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
7 | |
| 8 Distributable amount for 2025 from Section C, line 6 | 8 | |
| 9 Line 7 amount divided by Line 8 amount | 9 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2025 |
(iii) Distributable Amount for 2025 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2025 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2025 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2025: | ||||
| a From 2020....... | ||||
| b From 2021....... | ||||
| c From 2022....... | ||||
| d From 2023....... | ||||
| e From 2024....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2025 distributable amount | ||||
|
i
Carryover from 2020 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2025 from Section D, line 6: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2025 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2025, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2025. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2026. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2021..... | ||||
| b Excess from 2022..... | ||||
| c Excess from 2023..... | ||||
| d Excess from 2024..... | ||||
| e Excess from 2025..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | 25022934 |
| Software Version: | 2025v4.1 |
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section B, Line 11b | The Organization senior management is responsible for reviewing the tax return prior to filing. |
| Form 990, Part VI, Section C, Line 19 | The Organization's Executive Director maintains the custody of its governing documents and financial record at the corporate office and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written Conflict of Interest Policy and can be provided for public inspection by the Organization. |
| Statement Note 1 | HOMES FOR LIFE FOUNDATIONFEIN 333-03248725FORM 990PART X (Other Liabilities) - Schedule DLine 3COMMITMENTS AND CONTINGENCIES - FORGIVABLE DEBTThe Organization has received loans from various agencies with the stipulation in the agreements that should the Organization comply with the terms of the agreement the debt along with any accrued interest will be forgiven once the compliance period has ended. Beginning End of year of yearCommitments and contingencies forgivable consists of the following: $400,000 subsidy payable to the Department of Housing and Urban Development; dated 7/30/1998; secured deed of trust 400,000 400,0003% $1,437,335 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 3/28/2002; interest and principal due in arrears in annual installments, maturing 3/15/2021; secured by land & building 1,437,335 1,437,3353% $200,000 note payable to the Affordable Housing Program;dated 10/4/2005; secured deed of trust 200,000 200,000 $400,000 subsidy payable to the Department of Housing and Urban Development; dated 7/30/1998; secured deed of trust 400,000 400,000$400,000 subsidy payable to the Department of Housing and Urban Development; dated 7/30/1998; secured deed of trust 400,000 400,0003% $1,619,589 deferred interest note payable to State ofCalifornina Department of Housing and Community Development; dated 10/27/2008; principal and interestdue 1/13/2064; secured by deed of trust 1,619,569 1,619,5693% $1,147,760 deferred interest note payable to State ofCalifornia Development of Housing and Community Developement; dated 10/27/2008; prinicipal and interestdue 10/27/2063; secured by deed of trust 1,147,760 1,147,760TOTAL COMMITMENTS AND CONTINGENCIES - FORGIVABLE DEBT $ 5,604,664 $ 5,604,664ACCRUED INTEREST $ 1,910,544 $ 2,025,061 TOTAL COMMITMENTS AND CONTINGENCIES - FORGIVABLE DEBT AND ACCRUED INTEREST $ 7,515,208 $ 7,629,725 |
| Statement Note 2 | HOMES FOR LIFE FOUNDATIONFEIN 333-03248725FORM 990PART X - Balance SheetLine 23 Beginning End of year of yearMortgages and Notes Payable - consists of the following:3% deferred interest note payable to California State Department of Housing and Community Development;dated 9/19/1989; principal and interest due 9/19/2019; secured by land and building 160,000 -$80,000 non-interest bearing note payable to City of Pasadena (Community Development Block Grant funds); dated 3/8/1994; no specified maturity date; secured by land and building 79,240 79,2403% deferred interest note payable to California StateDepartment of Housing and Community Development;dated 12/13/1989; principal and interest due 12/13/2019; secured by land and building 140,000 - Non-interest bearing note payable to Community DevelopmentDepartment of City of Los Angeles; dated 12/4/1989; principal due upon the sale of 4902 Buchanan; secured by land and building 36,000 36,0003% note payable to Community Redevelopment Agency of theCity of Los Angeles; dated 10/3/1989; principal and interest due only from residual receipts; maturing 10/3/2019; secured by land and buildind 55,000 55,0003% deferred interest note payable to California StateDepartment of Housing and Community Development; dated 2/11/1991; principal and interest due 2/11/2021; secured by land and building 200,000 200,0005% acquisition and pre-development note payable to theHousing Department of the City of Los Angeles; dated 2/4/1998; interest and principal due 2/4/2038; securedby land and building 172,445 172,4453% $615,480 note payable to Housing Authority of Countyof Los Angeles; dated 9/20/2001; principal and interestdue in arrears in annual installments, maturing 3/15/2031;secured by deed of trust 604,120 604,120 3% $723,821 note payable to Housing Authority of CountyLos Angeles; dated 10/15/2001; principal and interestdue in arrears in annual installments, maturing 3/15/2031;secured by deed of trust 703,438 703,438 Beginning End of year of year3% $696,628 note payable to Housing Authorityof County of Los Angeles; dated 7/10/2003; principal and interest due in arrears in annual installment, maturing 3/15/2032; secured by deed of trust 614,570 614,5703% $1,207,213 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 4/29/2004;interest and principal due in arrears in annual installments,maturing 3/15/2025; secured by land and building 1,207,213 1,207,2133% $2,014,905 interim note payable to Community DevelopmentCommission of the County of Los Angeles; dated 9/27/2005;principal and interest due in arrears in annual installments,maturing 3/15/2061; secured by land and building 828,074 828,0743% $675,232 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 2/3/2004; interest and principal due in arrears in annual installments, maturing 3/15/2025; secured by land and building 675,231 675,2313% $1,361,258 interim note payable to Community DevelopmentCommission of the County of Los Angeles; dated 9/27/2005;principal and interest due in arrears in annual installments,maturing 3/15/2061; secured by land and building 478,593 478,5933% $1,861,351 note payable to the California Department of Housing and Community Development; dated 5/20/2024; interest and principal due 5/21/20254; secured by deed of trust - 1,861,3513% $1,901,515 note payable to the California Department of Housing and Community Development; dated 5/30/2024; interest and principal due 5/31/20254; secured by deed of trust - 1,901,515TOTAL MORTGAGE AND OTHER NOTES PAYABLE $ 5,953,924 $ 9,416,790 |
| Statement Note 3 | HOMES FOR LIFE FOUNDATIONFEIN 333-03248725FORM 990PART X - Balance SheetLine 11 Beginning End of year of yearChevron - shares owned 3,170 (2024) and 3,241 (2025) $ 459,143 $ 493,977Proctor and Gamble - shares owned 325(2024) and 330 (2025) 54,486 47,233Walt Disney Company - shares owned 1,480(2024) and 2,936(2025) 164,798 334,032 TOTAL $ 678,427 $ 875,242 |
| Software ID: | 25022934 |
| Software Version: | 2025v4.1 |