Vb Home Now INC FY2023 filing

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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

FY2023 · 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
36 mo
of spending, in cash
Looks good: 35.7 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
$115K
-27% vs prior year
Spent
$206K
To programs
99%
Net assets
$612K
By yearFY2020–FY2024
Revenue
$115K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$238K
FY2022$156K
FY2023$115K
FY2024$257K
Expenses
$206K
FY2023▲ +60%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$81K
FY2022$129K
FY2023$206K
FY2024$146K
Net assets
$612K
FY2023▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$518K
FY2021$675K
FY2022$703K
FY2023$612K
FY2024$723K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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% · $204K Management & general 1% · $2K

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

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 →

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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3 programs · $130K · in their own filed words · FY2023
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…

$84Kprogram expense
02

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 will assist a minimum of 30 adult individuals with move-in and rental assistance to secure permanent housing.

$25Kprogram expense
03

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.

$21Kprogram 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
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$125K
Investment incomeLn 3$7K
Money outPt IX
$206K
Ln 25
Programscol B$204K
Managementcol C$2K
Owns and owesPt X
$612K
net assets · Ln 32
Cash and savingsLn 1–2$612K
Total assetsLn 16$612K
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$125K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$75K
Investment incomeLn 3$7K
Total revenueLn 12$115K
Assets in detailPt X, end of year
SavingsLn 2$612K
Cash and savings togetherLn 1–2$612K
Total assetsLn 16$612K
LiabilitiesLn 26$0
Net assetsLn 32$612K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$158K$131K$96K$0$0
Given inLn 1b$111K$93K$99K$0$0
SpentLn 1d–1f$84K$58K$3K$0$0
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$703K$612K
Total assetsLn 16$703K$612K
LiabilitiesLn 26$0$0
Net assetsLn 32$703K$612K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$204K$204K
Office expensesLn 13$1K$1K
InsuranceLn 23$453$453
Other expenses (24a–d)Ln 24$325$0$325
Total functional expensesLn 25$206K$204K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 19, 2025 $257K$146K$111K$723K 990 PDF
FY2023 ViewingFiled with the IRS Aug 6, 2024 $115K$206K−$91K$612K 990 PDF
FY2022Filed with the IRS Jul 3, 2023 $156K$129K$28K$703K 990 PDF
FY2021Filed with the IRS May 12, 2022 $238K$81K$157K$675K 990 PDF
FY2020Filed with the IRS May 11, 2021 $159K$212K−$53K$518K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $114,605 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,603$124,848
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $69$7,345
I-11 Other revenuePrior year −$14,336−$17,588
I-12 Total revenuePrior year $156,336$114,605
I-13 Grants and similar amounts paidPrior year $127,083$203,513
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 $1,671$2,188
I-18 Total expensesPrior year $128,754$205,701
I-19 Revenue less expensesPrior year $27,582−$91,096
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $114,605 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$74,848
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$50,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$124,848
VIII-3 Investment incomeRelated to mission $7,345 · Unrelated business $0 · Excluded from tax $0$7,345
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 −$17,588−$17,588
VIII-12 Total revenueRelated to mission $7,345 · Unrelated business $0 · Excluded from tax −$17,588$114,605
Part IX · Statement of functional expenses $205,701 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $203,513$203,513
IX-13 Office expensesManagement $1,410$1,410
IX-23 InsuranceManagement $453$453
IX-24 Other expenses (24a–d)Programs $0 · Management $325$325
IX-25 Total functional expensesPrograms $203,513 · Management $2,188 · Fundraising $0$205,701
Part X · Balance sheet $611,843 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $702,939$611,843
X-16 Total assetsStart of year $702,939$611,843
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $629,562$535,500
X-28 Net assets with donor restrictionsStart of year $73,377$76,343
X-32 Total net assets or fund balancesStart of year $702,939$611,843
X-33 Total liabilities and net assetsStart of year $702,939$611,843
Part XI · Reconciliation of net assets $611,843 net assets at year end
XI-1 Total revenue$114,605
XI-2 Total expenses$205,701
XI-3 Revenue less expenses−$91,096
XI-4 Net assets at start of year$702,939
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$611,843

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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