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Vb Home Now INC FY2020 filing

Tax-deductible

Virginia Bch, VA501(c)(3)Human Services EIN 81-1460498Revenue $159K in FY2020

On file with the IRSvbhomenow.org104 N Witchduck Rd, 23462-6506 · Virginia Bch, VATax-exempt since Dec 2017Publicly supported charity — 170(b)(1)(A)(vi)

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 29.3 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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
Spent
$212K
To programs
99%
Net assets
$518K
By yearFY2020–FY2024
Revenue
$159K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$238K
FY2022$156K
FY2023$115K
FY2024$257K
Expenses
$212K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$81K
FY2022$129K
FY2023$206K
FY2024$146K
Net assets
$518K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$518K
FY2021$675K
FY2022$703K
FY2023$612K
FY2024$723K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

99 cents of each dollar spent went to programs.

Program services 99% · $210K Management & general 1% · $2K Fundraising 0% · $245

Form 990 Part IX, line 25, columns B–D. 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
$0Pt VII · Sec A
Deborah Baisden
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Joshua Coe
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Edwards
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.

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Provided by the organization

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3 programs · $198K · in their own filed words · FY2020
01

The Organization provided a grant to the City of Virginia Beach Housing and Neighbor Preservation to support programs that make homelessness rare, brief and nonrecurring for families and individuals in Virginia Beach.

$148Kprogram expense
02

The Organization provided a grant to the Virginia Beach Education Foundation to be used to supply "beach bags" weekly during the school year (35 weeks) to 133 students identified as homeless and/or needy. Each bag contains 10 shelf stable food items to sustain the students over weekends and school breaks.

$44Kprogram expense
03

The orgainization provided a grant to the Virginia Beach Community Development Corporation to provide utility and transportation assistance for residents of Cedar Grove Apartments, an affordable rental community exclusively for disabled and homeless veterans.

$7Kprogram 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 · FY2024
The Blocker FoundationFY2024$88K
Hampton Roads Community FoundationFY2024$53K
Sentara HealthcareFY2024$30K
Team C Charitable FoundationFY2024$10K
Richard E Olivieri Family Foundation INCFY2024$2K
Aldridge Gives FoundationFY2024$500
Total grants receivedfrom 6 funders$182K
See all 6 funders →
Grants paid · 32 grants · $653K · 2020–2024
Virginia Beach Department of Housing and Neighborhood PreservationFY2024$58,943
Virginia Beach City Public Schools Education Foundation INCVA · FY2024$12,500
Connect with a Wish INCVA · FY2024$10,000
Judeo-Christian Outreach Center INCVA · FY2024$10,000
Standup for KidsGA · FY2024$9,500
Moms on a MissionVA · FY2024$7,500
Recovery for the City International INCVA · FY2024$5,200
Virginia Beach Department of Housing and Neighborhood PreservationFY2023$61,050
Judeo-Christian Outreach Center INCVA · FY2023$25,000
Virginia Beach City Public Schools Education Foundation INCVA · FY2023$21,000
Connect with a Wish INCVA · FY2023$15,000
Standup for KidsGA · FY2023$12,500
Moms on a MissionVA · FY2023$10,000
Virginia Beach Community Development CorporationVA · FY2023$10,000
Virginia Supportive HousingFY2023$9,000
Virginia Beach Department of Housing and Neighborhood PreservationFY2022$58,150
Virginia Beach City Public Schools Education Foundation INCVA · FY2022$18,000
Begin Again FoundationVA · FY2022$12,000
See all 32 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$182K
Investment incomeLn 3$59
Money outPt IX
$212K
Ln 25
Programscol B$210K
Managementcol C$2K
Fundraisingcol D$245
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$518K
Total assetsLn 16$518K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$182K
Fundraising eventsLn 1c$93K
Investment incomeLn 3$59
Total revenueLn 12$159K
Assets in detailPt X, end of year
SavingsLn 2$518K
Cash and savings togetherLn 1–2$518K
Total assetsLn 16$518K
LiabilitiesLn 26$0
Net assetsLn 32$518K
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 FY20End FY20
Cash and savingsLn 1–2$571K$518K
Total assetsLn 16$571K$518K
LiabilitiesLn 26$0$0
Net assetsLn 32$571K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$208K$208K
Grants to domestic individualsLn 2$2K$2K
Advertising and promotionLn 12$245$245
Office expensesLn 13$636$636
InsuranceLn 23$738$738
Other expenses (24a–d)Ln 24$325$0$325$0
Total functional expensesLn 25$212K$210K$2K$245

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $159K$212K−$53K$518K 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 FY2020 990 (6 parts)
Part I · Summary $158,816 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $195,817$181,673
I-9 Program service revenue$0
I-10 Investment incomePrior year $54$59
I-11 Other revenuePrior year −$29,421−$22,916
I-12 Total revenuePrior year $166,450$158,816
I-13 Grants and similar amounts paidPrior year $88,142$210,083
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,249$1,944
I-18 Total expensesPrior year $91,391$212,027
I-19 Revenue less expensesPrior year $75,059−$53,211
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $158,816 across 7 lines filed
VIII-1c Fundraising events$92,963
VIII-1f All other contributions, gifts and grants$60,000
VIII-1h Total contributions, gifts and grants$181,673
VIII-3 Investment incomeRelated to mission $59 · Unrelated business $0 · Excluded from tax $0$59
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 −$22,916−$22,916
VIII-12 Total revenueRelated to mission $59 · Unrelated business $0 · Excluded from tax −$22,916$158,816
Part IX · Statement of functional expenses $212,027 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $207,900$207,900
IX-2 Grants to domestic individualsPrograms $2,183$2,183
IX-12 Advertising and promotionFundraising $245$245
IX-13 Office expensesManagement $636$636
IX-23 InsuranceManagement $738$738
IX-24 Other expenses (24a–d)Programs $0 · Management $325 · Fundraising $0$325
IX-25 Total functional expensesPrograms $210,083 · Management $1,699 · Fundraising $245$212,027
Part X · Balance sheet $517,996 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $571,207$517,996
X-16 Total assetsStart of year $571,207$517,996
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $571,207$517,996
X-33 Total liabilities and net assetsStart of year $571,207$517,996
Part XI · Reconciliation of net assets $517,996 net assets at year end
XI-1 Total revenue$158,816
XI-2 Total expenses$212,027
XI-3 Revenue less expenses−$53,211
XI-4 Net assets at start of year$571,207
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$517,996

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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