Time For Change Foundation
Nonprofit profile at a glance
- EIN
- 522405277
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- San Bernardino, CA, USA
- Phone
- 9098862994
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $6,278,335
- Expenses
- $4,406,651
- Assets
- $20,512,745
- Liabilities
- $183,522
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Vanessa Perez (Executive Director)
Highest reported compensation
- Kimberly Carter (Founder/Ambassador): $202,831 total reported compensation
- Vanessa Perez (Executive Director): $114,295 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We build pathways to prosperity through housing, economic development, and innovative community solutions. Our work empowers individuals and families to achieve stability and long-term success. Together, we create communities where potential is realized.
What it reported doing in 2024
This fiscal year TFCF housed 502 individuals/families and reunified 7 children from foster care back with their moms. Delivered: 512 hours of therapy, 157 Case Management sessions, forty people completed our 90-day drug rehab. Additionally, rental subsidies, life skills, employment assistance concluded at 176 stabilized families and 312 new jobs. Our scholarship program awarded $330,000 for community college and vocational training. The BBOP entrepreneurship education and training programs assisted 215 new businesses and secured $ 180,000 in direct investment for new businesses. The build, grow and scale programs including financial and empowerment workshops received 75% increase in utilization and mindset shifts.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- 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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55%; rating input score 55
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: $161.87 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29.8%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 4.65; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 10.8% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 14.8% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 20.4% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 55% of revenue deployed · 77.2% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.4M in reported program spending
- Leadership: top reported pay $203K · 8 people listed · 2 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.