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Homes for Life Foundation

Tax-deductible

Wilmington, DE501(c)(3)Housing EIN 31-1671140Revenue $245K in FY2025Latest return filed Nov 14, 2025

On file with the IRS1106 Berkeley Rd, 19807-2816 · Wilmington, DETax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Construct and furnish Homes for men and women with intellectual disabilities

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $66K a year · 27% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $2.8M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $2.8M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$245K
+6% vs prior year
Spent
$710K
To programs
100%
Net assets
$2.8M
By yearFY2021–FY2025
Revenue
$245K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$375K
FY2022$246K
FY2023$111K
FY2024$231K
FY2025$245K
Expenses
$710K
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$19K
FY2022$259K
FY2023$21K
FY2024$531K
FY2025$710K
Net assets
$2.8M
FY2025▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.8M
FY2022$3.3M
FY2023$3.5M
FY2024$3.2M
FY2025$2.8M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $710K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Andrew Edelsohn
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Katzin
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Homes for Life Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and furnishes homes for adults with intellectual disabilities.

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Provided by the organization

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1 program · $710K · in their own filed words · FY2024
01

Homes for life foundation constructs and furnishes homes for adults with intellectual disabilities and further convey's each home to an organization that further assists individuals with living arrangements.

$710Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Global ImpactFY2021$9K
Total grants receivedfrom 1 funder$9K
Grants paid · 6 grants · $1.4M · 2021–2024
Easter Seals INCIL · FY2024$400,000
Annandale at Suwanee INCGA · FY2024$250,000
The Mary Campbell Center INCDE · FY2023$300,000
Individual RecipientFY2023$200,000
Individual RecipientFY2023$15,000
Circle Haven INCNJ · FY2021$237,068

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$245K
Ln 12
Investment incomeLn 3$153K
Gifts and grantsLn 1h$92K
Money outPt IX
$710K
Ln 25
Programscol B$710K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Investment incomeLn 3$153K
Gains on assetsLn 7$22K
Total revenueLn 12$245K
Assets in detailPt X, end of year
SavingsLn 2$7K
Cash and savings togetherLn 1–2$7K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$2.8M$3.2M$3.4M$3.2M$3.5M
Given inLn 1b$100K$50K$80K$150K
SpentLn 1d–1f$707K$529K$16K$19K$96K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$19K$7K
InvestmentsLn 11–13$3.2M$2.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$3.2M$2.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.2M$2.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$658K$658K
Accounting feesLn 11c$900$900
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$13$13
InsuranceLn 23$768$768
Other expenses (24a–d)Ln 24$37K$37K
Total functional expensesLn 25$710K$710K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 14, 2025 $245K$710K−$465K$2.8M 990 PDF
FY2024Filed with the IRS Sep 20, 2024 $231K$531K−$300K$3.2M 990 PDF
FY2023Filed with the IRS Sep 18, 2023 $111K$21K$90K$3.5M 990 PDF
FY2022Filed with the IRS Sep 30, 2022 $246K$259K−$13K$3.3M 990 PDF
FY2021Filed with the IRS Nov 9, 2021 $375K$19K$357K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $245,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,100$92,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $230,179$153,487
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $231,279$245,487
I-13 Grants and similar amounts paidPrior year $515,000$657,685
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,478$52,767
I-18 Total expensesPrior year $531,478$710,452
I-19 Revenue less expensesPrior year −$300,199−$464,965
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $245,487 across 5 lines filed
VIII-1f All other contributions, gifts and grants$92,000
VIII-1h Total contributions, gifts and grants$92,000
VIII-3 Investment incomeExcluded from tax $131,352$131,352
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,135$22,135
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $153,487$245,487
Part IX · Statement of functional expenses $710,452 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $657,685$657,685
IX-11c Accounting feesPrograms $900$900
IX-11f Investment management feesPrograms $14,017$14,017
IX-11g Other fees for servicesPrograms $13$13
IX-23 InsurancePrograms $768$768
IX-24 Other expenses (24a–d)Programs $37,069$37,069
IX-25 Total functional expensesPrograms $710,452 · Management $0 · Fundraising $0$710,452
Part X · Balance sheet $2,830,064 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $19,298$7,362
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $3,169,452$2,822,702
X-16 Total assetsStart of year $3,188,750$2,830,064
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,188,750$2,830,064
X-32 Total net assets or fund balancesStart of year $3,188,750$2,830,064
X-33 Total liabilities and net assetsStart of year $3,188,750$2,830,064
Part XI · Reconciliation of net assets $2,830,064 net assets at year end
XI-1 Total revenue$245,487
XI-2 Total expenses$710,452
XI-3 Revenue less expenses−$464,965
XI-4 Net assets at start of year$3,188,750
XI-5 Net unrealized gains (losses) on investments$106,279
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,830,064

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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