Noahs Foundation INC EIN 85-1712743 Form 990 (PDF) Claim this org

Noahs Foundation INC

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Advocates for families and individuals experiencing poverty and homelessness, providing housing and essential resources. For fiscal year 2023 it reported $876K in revenue, $891K in expenses, and $2K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Long Beach, CA
Filings
4 on file (2020–2023)
Revenue
$876KFY2023
Expenses
$891K
Net assets
$2K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-1712743 Public charity (501(c)(3)) Long Beach, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Advocates for families and individuals experiencing poverty and homelessness, providing housing and essential resources.
Leadership
Tyrone Nance · Board Member
Money in and out
$876K revenue, $891K expenses
Bottom line
99% program efficiency
Where the money goes · FY2023
Total revenue
$876K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -138% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$876K
FY2023▲ +167%
Expenses
$891K
FY2023▲ +184%
Total assets
$2K
FY2023▼ -87%
Total liabilities
$0
FY2023
Total revenue
$876K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$2K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNoahs Foundation INC
EINHdr · item D85-1712743
Principal addressHdr · item CLong Beach, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L11)
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brittney Nicole Frazier’s $25K as President is at the 18th percentile of top reported officer pay among 849 $100K–1M housing 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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Mission & Programs · Part III

Where the work happens

3 program services account for $883K of program spending, described in the organization's own filed words · FY2023.
01

Foods and clothing items received as donation in kind from various organizations and distributed to 400 households.

$400Kprogram expense
02

9 transitional homes where homeless services were provided.

$304Kprogram expense
03

Grocery and other assistance given to 450 families and other program related activities conducted inluding travelling to faciliate the families.

$179Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$400K · 46%
Contributions & grants$246K · 28%
Program service revenue$230K · 26%
Other revenue46%$400K
Contributions & grants28%$246K
Program service revenue26%$230K
— government grantsLn 1e$45K
Total revenueLn 12$876K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$883K
Management & general1%$8K
Total functional expensesLn 25$891K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$2K
Total liabilitiesLn 26$0
Total net assetsLn 32$2K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $891K
0.0 months
Where the money goes
Program services
Program services $883K · Total expenses $891K
99%
Management & General
Management & general $8K · Total expenses $891K
0.9%
Fundraising
Fundraising $0 · Total expenses $891K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $876K
28%
Government reliance
Government grants $45K · Total revenue $876K
5%
Earned-income share
Program service revenue $230K · Total revenue $876K
26%
Investment reliance
Investment income $0 · Total revenue $876K
0%
Program self-sufficiency
Program service revenue $230K · Total expenses $891K
26%
Growth & trend
Revenue growth (YoY)
This year $876K · Prior year $328K
+167%
Net-asset trend (YoY)
End of year $2K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $876K · Expenses $891K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $2K
Net-asset ratio
Net assets $2K · Total assets $2K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2K
0%
People & payroll
Highest Reported Total Compensation
Individual Tyrone Nance · Reported title Board Member · Highest reported compensation $0 · Total expenses $891K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $891K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.9%
Fundraising cost ratio 0%
Revenue growth 167%
Accounting fee ratio 0.3%

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 · FY2024
United Way INCFY2024$20K
Total grants receivedfrom 3 funders$102K
See all 3 funders →

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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
FY2023 (Latest)$876K revenue · viewing · ⤓ 990 PDF
FY2022$328K revenue · ⤓ 990 PDF
FY2021$137K revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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