Vb Home Now INC

Tax-deductible

Virginia Bch, VA501(c)(3)Human ServicesEIN 81-1460498

The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness nonrecurring. The mission is accomplished through fund raising and providing resources into the community.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $30K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
60 mo
of spending, in cash
Looks good: 59.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $182K
Looks good: 6 funders name it on their filings; 3 or more.
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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
+124% vs prior year
Spent
$146K
To programs
98%
Net assets
$723K
By yearFY2020–FY2024
Revenue
$257K
FY2024▲ +124%
Revenue by fiscal year
FY2020$159K
FY2021$238K
FY2022$156K
FY2023$115K
FY2024$257K
Expenses
$146K
FY2024▼ -29%
Expenses by fiscal year
FY2020$212K
FY2021$81K
FY2022$129K
FY2023$206K
FY2024$146K
Net assets
$723K
FY2024▲ +18%
Net assets by fiscal year
FY2020$518K
FY2021$675K
FY2022$703K
FY2023$612K
FY2024$723K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $142K Management & general 1% · $2K Fundraising 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vb Home Now INC 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 15aYes

Programs and updates

Mobilizes the community to prevent and end homelessness through fundraising and resource provision.

Provided by the organization

This section is blank until Vb Home Now INC claims this page.

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3 program services account for $81K of program spending, described in the organization's own filed words · FY2024.
01

The organization provided funds to the Housing Resource Center ("HRC") and the Virginia Beach Department of Housing and Neighborhood Preservation to provide deposits for homeless persons to obtain housing, prevention of persons being evicted from their homes and becoming homeless, landlord recruitment to obtain housing for homeless…

$59Kprogram expense
02

The Organization provided a grant to the Virginia Beach Education Foundation in partnership with VBCPS to be used to supply "beach bags" weekly during the school year (35 weeks) to students identified as homeless and/or needy. Each bag contains 10 shelf stable food items to sustain the students over weekends and school breaks.

$12Kprogram expense
03

The Organization provided a grant to the Judeo-Christian Outreach Center. to provide financial assistance to people participating in the emergency shelter and rapid rehousing programs. This funding assisted 31 adult individuals with move-in and rental assistance to secure permanent housing.

$10Kprogram expense

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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 · FY2024
See all 6 funders →
Grants paid · 32 grants · $653K · 2020–2024
Virginia Beach Department of Housing and Neighborhood PreservationFY2024$58,943
Connect with a Wish INCVA · FY2024$10,000
Standup for KidsGA · FY2024$9,500
Moms on a MissionVA · FY2024$7,500
Virginia Beach Department of Housing and Neighborhood PreservationFY2023$61,050
Connect with a Wish INCVA · FY2023$15,000
Standup for KidsGA · FY2023$12,500
Moms on a MissionVA · FY2023$10,000
Virginia Supportive HousingFY2023$9,000
Virginia Beach Department of Housing and Neighborhood PreservationFY2022$58,150
Begin Again FoundationVA · FY2022$12,000
See all 32 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$269K
Investment incomeLn 3$6K
Money outPt IX
$146K
Ln 25
Programscol B$142K
Managementcol C$2K
Fundraisingcol D$1K
Owns and owesPt X
$723K
net assets · Ln 32
Cash and savingsLn 1–2$723K
Total assetsLn 16$723K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$269K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$86K
Investment incomeLn 3$6K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$707K
Cash and savings togetherLn 1–2$723K
Total assetsLn 16$723K
LiabilitiesLn 26$0
Net assetsLn 32$723K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$612K$723K
Total assetsLn 16$612K$723K
LiabilitiesLn 26$0$0
Net assetsLn 32$612K$723K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$142K$142K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$1K$1K
InsuranceLn 23$450$450
Other expenses (24a–d)Ln 24$625$0$625
All other expensesLn 24e$0
Total functional expensesLn 25$146K$142K$2K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $257K$146K$111K$723K 990 PDF
FY2023 $115K$206K−$91K$612K 990 PDF
FY2022 $156K$129K$28K$703K 990 PDF
FY2021 $238K$81K$157K$675K 990 PDF
FY2020 $159K$212K−$53K$518K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $257,063 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$86,084
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$183,188
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$269,272
VIII-3 Investment incomeRelated to mission $5,685 · Unrelated business $0 · Excluded from tax $0$5,685
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$17,894−$17,894
VIII-12 Total revenueRelated to mission $5,685 · Unrelated business $0 · Excluded from tax −$17,894$257,063
Part IX · Statement of functional expenses $145,656 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $142,414$142,414
IX-12 Advertising and promotionFundraising $1,129$1,129
IX-13 Office expensesManagement $1,038$1,038
IX-23 InsuranceManagement $450$450
IX-24 Other expenses (24a–d)Programs $0 · Management $625$625
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $142,414 · Management $2,113 · Fundraising $1,129$145,656
Part X · Balance sheet $723,250 assets, 8 lines filed
X-1 Cash, non-interest-bearing$15,929
X-2 Savings and temporary cash investmentsStart of year $611,843$707,321
X-16 Total assetsStart of year $611,843$723,250
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $535,500$522,715
X-28 Net assets with donor restrictionsStart of year $76,343$200,535
X-32 Total net assets or fund balancesStart of year $611,843$723,250
X-33 Total liabilities and net assetsStart of year $611,843$723,250
Part XI · Reconciliation of net assets $723,250 net assets at year end
XI-1 Total revenue$257,063
XI-2 Total expenses$145,656
XI-3 Revenue less expenses$111,407
XI-4 Net assets at start of year$611,843
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$723,250

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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