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Nonprofiteer
← HOMES OF LOVE INC

Form 990 for tax year 2024

Filed by HOMES OF LOVE INC.

What the amendment changed

Compared with the return it replaced , filed 17 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$633,481 changed to $382,447
Total expenses
$810,832 changed to $404,766
Contributions and grants received
$632,704 changed to $380,883
Grants paid
$484,745 changed to $206,904
Investment income
$777 changed to $1,564
Total assets, end of year
$357,970 changed to $315,372
Total liabilities, end of year
$100,922 changed to $80,643
Net assets or fund balances, end of year
$257,048 changed to $234,729
Program services expenses
$605,205 changed to $270,297
Management and general expenses
$139,927 changed to $60,990
Fundraising expenses
$65,700 changed to $73,479
Program service expenses (Part III)
$605,205 changed to $270,297

Listed only on the earlier return

  • Ashley McAlpin

Listed only on the later return

  • Morgan Goins

Totals

Total revenue
$382,447
Total expenses
$404,766
Contributions and grants received
$380,883
Grants paid
$206,904
Program service revenue
$0
Investment income
$1,564
Other revenue
$0
Total assets, end of year
$315,372
Total liabilities, end of year
$80,643
Net assets or fund balances, end of year
$234,729
Program services expenses (Part IX)
$270,297
Management and general expenses
$60,990
Fundraising expenses
$73,479
Program service expenses (Part III)
$270,297

Program services were 66.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $380,883

  • 3 · Investment income

    total $1,564 · excluded $1,564

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $206,904 · program services $206,904

  • 5 · Compensation of officers, directors and key employees

    total $25,385 · program services $20,308 · management and general $4,569 · fundraising $508

  • 7 · Other salaries and wages

    total $73,091 · program services $14,907 · management and general $33,019 · fundraising $25,165

  • 10 · Payroll taxes

    total $7,533 · program services $2,694 · management and general $2,875 · fundraising $1,964

  • 11c · Fees: accounting

    total $3,114 · management and general $3,114

  • 13 · Office expenses

    total $5,134 · program services $219 · management and general $4,915

  • 16 · Occupancy

    total $11,250 · program services $4,023 · management and general $4,294 · fundraising $2,933

  • 17 · Travel

    total $1,961 · program services $1,961

  • 22 · Depreciation, depletion and amortization

    total $2,506 · program services $896 · management and general $957 · fundraising $653

  • 24a · Other expenses: BANQUET

    total $41,502 · fundraising $41,502

  • 24b · Other expenses: SUMMER CAMP

    total $18,385 · program services $18,385

  • 24c · Other expenses: PROCESSING FEES FOR DONAT

    total $2,591 · management and general $2,591

  • 24d · Other expenses: PROGRAM SOFTWARE

    total $1,235 · management and general $1,235

  • 24e · All other expenses

    total $4,175 · management and general $3,421 · fundraising $754

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222,316 · end of year $185,460

  • 3 · Pledges and grants receivable

    end of year $2,500

  • 7 · Other notes and loans receivable

    beginning of year $1,108 · end of year $1,108

  • 8 · Inventories for sale or use

    beginning of year $681 · end of year $681

  • 10a · Land, buildings and equipment: cost or other basis

    $77,053

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,659

  • 10c · Land, buildings and equipment, net

    beginning of year $13,901 · end of year $11,394

  • 15 · Other assets

    beginning of year $119,964 · end of year $114,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,922 · end of year $80,643

  • 27 · Net assets without donor restrictions

    beginning of year $257,048 · end of year $234,729

Mission and programs · 2024

Mission

ESTABLISHES AND MAINTAINS SMALL, PERMANENT, FAMILY STRUCTURED HOMES FOR ORPHANED AND AT-RISK CHILDREN IN CAMBODIA, VIETNAM, AND ZIMBABWE. HOMES OF LOVE, INC. IS COMMITTED TO PROVIDING LONG-TERM CARE TO THESE CHILDREN EMOTIONALLY, PHYSICALLY, EDUCATIONALLY AND SPIRITUALLY.

  • PROVIDING FAMILY-STRUCTURED HOMES FOR AT-RISK CHILDREN IN CAMBODIA, VIETNAM, AND ZIMBABWE.

    Expenses $270,297 · Grants $206,904

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Basch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joyce Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary Chesney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Amy Denning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Veronica Douglass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janet England

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Morgan Goins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Loy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Park

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Chesney

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.0
Source object
202621109349301102

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