USA Homeownership Foundation Inc

EIN: 452458485 501(c)(3) Human Services

Corona, CA

Total Revenue
$4,527,526
Total Expenses
$5,564,209
Total Assets
$1,732,279
Net Assets
$309,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CA
Principal Officer
Son Nguyen
Phone
9518700369
Tax Period
2025-01-01 to 2025-12-31

USA Homeownership Foundation Inc, founded in 2011, is a community nonprofit in the Human Services sector that reported $4.5M in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $5.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

To improve the lives of service members and veterans through education, housing, and philanthropy.

Program Service Accomplishments

Program 1
Expenses: $2,603,274 Revenue: $1,618,230

The organization developed and rehabilitated 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...

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The organization developed and rehabilitated 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.

Program 2
Expenses: $1,096,149

The organization rehabilitated 2 properties and donated them mortgage free to a veteran.

Program 3
Expenses: $528,551 Revenue: $25,070

Planned and sponsored a policy conference and a national conference, in addition to other events. Through the conferences educational information, awareness and training was provided to real estate...

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Planned and sponsored a policy conference and a national conference, in addition to other events. Through the conferences educational information, awareness and training was provided to real estate professionals, active military and veterans about the resources available to facilitate home ownership, including the VA home loan program.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,646,653
Program Service Revenue $2,129,939
Investment Income $0
Other Revenue $-249,066
TOTAL REVENUE $4,527,526

Expense Breakdown

Grants Paid $974,273
Salaries & Benefits $932,935
Fundraising Expenses $215,969
Program Expenses $4,471,019
Other Expenses $3,657,001
TOTAL EXPENSES $5,564,209

Year-over-Year Comparison

2025 2024 Change
Revenue $4,527,526 $5,472,779 -0.2%
Expenses $5,564,209 $6,045,043 -0.1%
Net Income $-1,036,683 $-572,264 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
22
Volunteers
300

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
2
$29,165
Total Directors
5
$51,565
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carla Lemon Secretary 40.00
Officer Director
$29,165 $0 $29,165
Christine Olfus Director 1.00
Director
$22,400 $0 $22,400
Son Nguyen President 40.00
Officer Director
$0 $0 $0
Sandy Heath Treasurer 1.00
Director
$0 $0 $0
Pat Diomede Director 1.00
Director
$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
2025 $4,527,526 $5,564,209 $1,732,279 $-1,036,683
2024 $5,472,779 $6,045,043 $2,784,543 $-572,264
2023 $5,837,779 $6,821,958 $2,485,990 $-984,179
2022 $5,441,843 $6,491,853 $3,434,411 $-1,050,010
2021 $6,569,969 $6,540,767 $4,985,675 $29,202
2020 $7,804,613 $7,075,904 $5,035,136 $728,709
2019 $6,255,423 $7,878,550 $4,966,513 $-1,623,127
2018 $8,681,051 $8,932,213 $5,651,646 $-251,162
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