The American Homeownership Foundation

Nonprofit profile at a glance

EIN
954714540
IRS 990-EZ coverage
2014–2019
Forms available
Form 990-EZ 2019
Location
Monrovia, CA, USA
Phone
6263588000
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$35,284
Expenses
$83,035
Assets
$16,101
Liabilities
$981,757

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • BRYAN WONG (Executive Direc)
  • ROAN BLACKER (Treasurer)
  • SONNI WONG (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary exempt purpose is to enhance homeownership opportunities through arranging homebuyer education and coordination home sales and loan financing, and to promote enconomic development and revitalization in local communities.

What it reported doing in 2019

Managed affordable housing programs with various municipalities and provide apartment housing for low income individuals.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 46.3%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -135.3%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 60.97; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 90.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 48th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: -50.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 46.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2014 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.