Haven Services EIN 45-2573244

Haven Services FY2020 filing

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Provides free financial education and services to help vulnerable Los Angeles communities overcome financial and housing crises. For fiscal year 2020 it reported $258K in revenue, $223K in expenses, and $34K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Los Angeles, CA
Website
havenservices.org
Filings
5 on file (2020–2020)
Revenue
$258KFY2020
Expenses
$223K
Net assets
$34K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-2573244 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Provides free financial education and services to help vulnerable Los Angeles communities overcome financial and housing crises.
Leadership
Erika Toriz-Kurkjian · President/Founding Officer
Money in and out
$258K revenue, $223K expenses
Bottom line
78% program efficiency
Where the money goes · FY2020
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$258K
FY2020
Expenses
$223K
FY2020
Total assets
$101K
FY2020
Total liabilities
$67K
FY2020
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$101K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2020.
01

Financial Capability Workshops

Haven neighborhood services financial capability program consists of a five-part workshop series that introduces clients to the financial mainstream. Each week, financial experts teach topics from the fdic monay smart curriculum, which is designed to help enhance financial wellness and educate low-andmoderate-income (lmi)…

Pt IX · col B
02

Online Banking Workshop

Out online banking workshop called ready, set, bank! And its spanish version, listos, clic, advance! Is taught by our financial instructors who use visual content (over 44 micro-video tutorials: each 2-3 minutes long) to help bridge the digital divide amongst lmi INDIVIDUAL/FAMILIES, seniors, youth, immigrants, etc.

Pt IX · col B
03

Financial Coaching

Haven neighborhood services offers a comprehensive financial coaching program that is designed to help individuals and families understand the basics of personal finance and to develop healthy financial habits.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHaven Services
EINHdr · item D45-2573244
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jhavenservices.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P51)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Founding Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
CEO/Founding Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Noel Lopez’s $138K as COO is at the 67th percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants100%$258K
— government grantsLn 1e$72K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$175K
Management & general22%$48K
Total functional expensesLn 25$223K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$101K
Total liabilitiesLn 26$67K
Total net assetsLn 32$34K
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $86K · Operating expenses (Pt IX) $223K · Less non-cash grants $36K · Cash operating expenses/yr $187K
5.5 months
Where the money goes
Program services
Program services $175K · Total expenses $223K
78%
Management & General
Management & general $48K · Total expenses $223K
22%
Fundraising
Fundraising $0 · Total expenses $223K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $187K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $258K · Total revenue $258K
100%
Government reliance
Government grants $72K · Total revenue $258K
28%
Earned-income share
Program service revenue $0 · Total revenue $258K
0%
Investment reliance
Investment income $0 · Total revenue $258K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $223K
0%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $34K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $223K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $101K
Net-asset ratio
Net assets $34K · Total assets $101K
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $101K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erika Toriz-Kurkjian · Reported title PRESIDENT/FOUNDING OFFICER · Highest reported compensation $0 · Total expenses $223K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $161K · Total expenses $223K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$22K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$720K revenue · ⤓ 990 PDF
FY2021$305K revenue · ⤓ 990 PDF
FY2020$258K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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