THE GOLDEN PATH ISLAMIC DEVELOPMENT FOUNDATION

EIN: 371903100 501(c)(3) Community Improvement

Los Angeles, CA

Total Revenue
$250,100
Total Expenses
$245,601
Total Assets
$22,550
Net Assets
$4,499
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Phone
8775958066
Tax Period
2023-01-01 to 2023-12-31

THE GOLDEN PATH ISLAMIC DEVELOPMENT FOUNDATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $250K in total revenue in fiscal year 2023.

Mission

Provide transitional housing for the disadvantaged individuals individuals reentering from correctional facilities & Military Veterans We are a community based nonprofit organization who has provided affordable housing with hot meals We have created programs with support to direct individuals for employment and other community resources to receive benefits The Golden Path has been successful in housing more than 3000 Military Vets the homeless and individuals reentering society from correctional intuitions The Golden Path has given each and every human from all walks of life a chance to succeed We are proud of the program success empowering our community to the path of recovery and preventing recidivism Most individuals usually are able to move back into society within six months to one year

Program Service Accomplishments

Program 1
Expenses: $245,601 Revenue: $230,100

The Golden Path focuses on reintegrating returning citizens: "Program Service Accomplishments: - Primary Program: Reentry Services - Description: The Golden Path provides comprehensive support to...

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The Golden Path focuses on reintegrating returning citizens: "Program Service Accomplishments: - Primary Program: Reentry Services - Description: The Golden Path provides comprehensive support to returning citizens in the Los Angeles area. In 2023, we successfully facilitated the reintegration of 250 individuals, offering services that include job training, housing assistance, counseling, and legal aid. Our program aims to reduce recidivism and promote sustainable reintegration. This year, we secured a new rental property, expanding our capacity to support 12 additional clients. Our efforts align closely with our mission to offer a second chance to those exiting the criminal justice system. - Expenses:$245,602 - Grants and Allocations $20,000 - Revenue $230,100"

Program 2
Expenses: $0 Revenue: $0

N/A

Program 3
Expenses: $0 Revenue: $0

N/A

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $230,100
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $245,601
Other Expenses $245,601
TOTAL EXPENSES $245,601

Year-over-Year Comparison

2023 2022 Change
Revenue $250,100 $250,100 N/A
Expenses $245,601 $245,100 +0.0%
Net Income $4,499 $5,000 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
2
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marilyn Johnson President 20.50
Officer Director
$0 $0 $0
Kevin Frost CFO 10.00
Director Key Emp
$0 $0 $0
Azizat Osunkunle Treasurer 5.50
Officer Director
$0 $0 $0
Hedi Smith Director 15.50
Officer Director
$0 $0 $0
Donna Johnson Secretary 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $250,100 $245,601 $22,550 $4,499
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