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USA Homeownership Foundation Inc.

USA Homeownership Foundation Inc.

Corona, CA
Tax ID45-2458485

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Amount

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About this organization

Revenue

$8,681,051

Expenses

$8,932,213

Website

varep.net

Mission

To increase sustainable homeownership, financial literacy education, and economic opportunity for the active-military and veteran communities.

About

The organization rehabilitated 76 homes and sold at a discounted purchase price to active duty military and veterans. In addition, the organization paid the escrow fees and other expenses during the rehabilitation period.

Interesting data from their 2019 990 filing

The filing clearly states the mission of the non-profit as “To increase sustainable homeownership, financial literacy education, and economic opportunity for the active-military and veteran communities.”.

When outlining its functions, they were explained as: “To increase sustainable homeownership, financial literacy education, and economic opportunity for the active-military and veteran communities.”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as CA.
  • The filing records the non-profit's address for 2019 as 495 E Rincon St 110, Corona, CA, 92879.
  • As of 2019, the non-profit's form reports a total of 11 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$251,162.
  • The compensation of the CEO of the organization is not based on an independent review and approval process.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 7 independent voting members.
  • The organization was formed in 2011.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $321,957 in salary, compensation, and benefits to its employees.
  • The organization pays $525,756 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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