Home Preservation & Prevention Inc

EIN: 800597884 501(c)(3) Human Services

Long Beach, CA

Total Revenue
$1,472,787
Total Expenses
$1,412,782
Total Assets
$16,634
Net Assets
$16,634
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Phone
5622818861
Tax Period
2023-01-01 to 2023-12-31

Home Preservation & Prevention Inc, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 4% surplus.

Mission

HUD APPROVED HOUSING COUNSELING AGENCY PROVIDING FINANCIAL EDUCATION FOCUSED ON EFFECTIVE DEBT MANAGEMENT PROVIDNG CONSUMERS WITH TOOLS AND RESOURCES AND CREATING AFFORDABLE HOUSING OPPORTUNITIES TO BECOME POTENTIAL HOME BUYERS

Program Service Accomplishments

Program 1
Expenses: $1,110,623

Community outreach: Door to door consumer engagement helping over 130,000 families and individuals when consumers are approved by the team via door knocking or at community faire and workshop setting...

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Community outreach: Door to door consumer engagement helping over 130,000 families and individuals when consumers are approved by the team via door knocking or at community faire and workshop setting consumers are given information or have mini question answer time to speak with certified counselors regarding their situation and then in turn are directed to visit our offices for additional assistance. Please note all of our services are free. Our reach can be completed via one on one or workshop and online.

Program 2

Foreclosure prevention education: Triage Assess provides a plan of action to help families and individuals impacted by foreclosure to help them sustain their homes. This involves helping consumers...

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Foreclosure prevention education: Triage Assess provides a plan of action to help families and individuals impacted by foreclosure to help them sustain their homes. This involves helping consumers put the paperwork together to submit to the lender/server or help consumers review their budgets for short term action plans to long term action plans. Consumers in these positions are assisted in not only the financial coaching side, we also help in advocating for consumers when insitutions are not helping consumers during their time for financial hardship. Programs offered and reviewed would make homes affordable and keeping their home in California. At times clients are counseled regarding the disposition of property and relocation to a new residence that our team completes that action plan for how that would be completed.

Program 3

Financial empowerment and budget education: Engage consumers in how to manage finances, teach clients to use the Quickbooks Online tools to help in managing finances, review income versus liabilities...

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Financial empowerment and budget education: Engage consumers in how to manage finances, teach clients to use the Quickbooks Online tools to help in managing finances, review income versus liabilities and versus monthly expenses to find ways to eliminate deficits and create surpluses. Teach how to utlitize surpluses to offset debt and create income to begin to pay off bills and improve credit. Our mission is to teach families and individuals how to create assets and wealth along with saving and living within your means.

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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 $1,436,788
Program Service Revenue $35,983
Investment Income $16
Other Revenue $0
TOTAL REVENUE $1,472,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,215
Fundraising Expenses $1,679
Program Expenses $1,110,623
Other Expenses $1,407,567
TOTAL EXPENSES $1,412,782

Year-over-Year Comparison

2023 2022 Change
Revenue $1,472,787 $1,125,516 +0.3%
Expenses $1,412,782 $931,501 +0.5%
Net Income $60,005 $194,015 -0.7%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
24

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
$4,977
Total Directors
5
$4,977
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE PEOPLES MC GILL President & CEO 30.00
Officer Director
$4,977 $0 $4,977
PAULETTE PRICE Secretary 30.00
Officer Director
$0 $0 $0
DIONE LUNA Director 30.00
Officer Director
$0 $0 $0
CHELSEA SCOT Treasurer 30.00
Officer Director
$0 $0 $0
CHARMINDA FERNANDO CFO 30.00
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
2023 $1,472,787 $1,412,782 $16,634 $60,005
2022 $1,125,516 $931,501 $160,883 $194,015
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