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Nonprofiteer
← FRONT PORCH COMMUNITIES FOUNDATION

Form 990 for tax year 2024

Filed by FRONT PORCH COMMUNITIES FOUNDATION.

Totals

Total revenue
$7,577,466
Total expenses
$5,701,272
Contributions and grants received
$4,997,803
Grants paid
$4,997,323
Program service revenue
$0
Investment income
$2,576,401
Other revenue
$3,262
Total assets, end of year
$60,881,225
Total liabilities, end of year
$4,410,061
Net assets or fund balances, end of year
$56,471,164
Program services expenses (Part IX)
$4,997,323
Management and general expenses
$703,949
Fundraising expenses
$0
Program service expenses (Part III)
$4,997,323

Program services were 87.7% 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.

  • 1e · Government grants (contributions)

    $1,005,395

  • 1f · All other contributions, gifts and grants

    $3,992,408

  • 1g · Noncash contributions included above

    $435,864

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,459,270 · excluded $1,459,270

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $17,311,869

  • 7b · Less cost or other basis and sales expenses

    securities $16,188,757 · other assets $5,981

  • 7c · Gain or loss

    securities $1,123,112 · other assets -$5,981

  • 7d · Net gain or loss

    total $1,117,131 · excluded $1,117,131

  • 11a · Other revenue: Other Income

    total $3,262 · related or exempt $3,262

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,262

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,997,323 · program services $4,997,323

  • 11f · Fees: investment management

    total $249,358 · management and general $249,358

  • 11g · Fees: other

    total $454,591 · program services $0 · management and general $454,591 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $686,828 · end of year $226,872

  • 2 · Savings and temporary cash investments

    beginning of year $1,731,655 · end of year $887,787

  • 3 · Pledges and grants receivable

    beginning of year $1,238,710 · end of year $333,204

  • 4 · Accounts receivable

    beginning of year $97,945 · end of year $101,214

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,150 · end of year $4,150

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

    $12,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $12,000 · end of year $12,000

  • 11 · Investments: publicly traded securities

    beginning of year $56,251,619 · end of year $58,222,048

  • 12 · Investments: other securities

    beginning of year $1,092,853 · end of year $1,093,950

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $53 · end of year $3,390

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,821,529 · end of year $4,406,671

  • 27 · Net assets without donor restrictions

    beginning of year $18,575,855 · end of year $18,707,732

  • 28 · Net assets with donor restrictions

    beginning of year $36,718,323 · end of year $37,763,432

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO ESTABLISH, GROW AND PERMANENTLY MAINTAIN FUNDS TO BENEFIT, AND PROVIDE CONTINUING FINANCIAL SUPPORT FOR, THE CAPITAL, BENEVOLENCE, AND ASSISTANCE NEEDS OF FRONT PORCH COMMUNITIES AND SERVICES ,A NONPROFIT CORPORATION ("FRONT PORCH"). THE ORGANIZATION ALSO RAISES AND DISBURSES FUNDS FOR THE BENEFIT OF THE SENIOR LIVING COMMUNITIES AND PROGRAMS OPERATED BY FRONT PORCH. THE ORGANIZATION MAKES DISTRIBUTIONS TO FRONT PORCH TO PROVIDE SUPPORT FOR FRONT PORCH'S CAPITAL, SOCIAL BENEVOLENCE, RESIDENT AND EMPLOYEE ASSISTANCE, COMMUNITY SERVICES AND PROMOTION OF DIVERSITY NEEDS. THE ORGANIZATION SUPPORTS THE DEVELOPMENT, PRESERVATION, AND REDEVELOPMENT OF AFFORDABLE HOUSING COMMUNITIES FOR FAMILIES, SENIORS, AND THE CHRONICALLY MENTALLY ILL IN CONJUNCTION WITH FRONT PORCH AND ITS AFFILIATED AND RELATED ENTITIES.

Activities or mission (Part I)

PROVIDES DIRECT ASSISTANCE TO RESIDENTS WHO EXPERIENCE FINANCIAL HARDSHIP AS WELL AS RAISES & DISTRIBUTES FUNDS FOR PURCHASE OF EQUIPMENT TO IMPROVE RESIDENTS' QUALITY OF LIFE.

  • OTHER FINANCIAL SUPPORT AND SCHOLARSHIPS

    Expenses $4,997,323 · Grants $4,997,323 · Revenue $3,262

As filed on the 2024 return.

Listed in Part VII

  • Tom Porath

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Alice Coulombe

    Director End: 10/20/24

    Total calculated
    $0
    Hours/week
    1

  • Howard Hudson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lynn North

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Chillison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sally Coates

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eduardo Salvador

    CFO

    Total calculated
    $906,991
    From this org
    $0
    From related orgs
    $883,068
    Other
    $23,923
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,363 related
    Bonus
    $0 + $375,296 related
    Other
    $0 + $39,409 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $13,573 related
    Filer's total
    $0 + $906,991 related

  • Katherine Miller

    Foundation Executive Director

    Total calculated
    $332,357
    From this org
    $0
    From related orgs
    $304,759
    Other
    $27,598
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,242 related
    Bonus
    $0 + $31,152 related
    Other
    $0 + $6,365 related
    Deferred
    $0 + $15,056 related
    Nontaxable benefits
    $0 + $12,542 related
    Filer's total
    $0 + $332,357 related

  • Rachel Vranich

    Secretary

    Total calculated
    $562,741
    From this org
    $0
    From related orgs
    $516,767
    Other
    $45,974
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,825 related
    Bonus
    $0 + $120,000 related
    Other
    $0 + $23,942 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $35,624 related
    Filer's total
    $0 + $562,741 related

  • Sean Kelly

    CEO

    Total calculated
    $1,459,056
    From this org
    $0
    From related orgs
    $1,391,315
    Other
    $67,741
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $808,387 related
    Bonus
    $0 + $524,270 related
    Other
    $0 + $58,658 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $57,391 related
    Filer's total
    $0 + $1,459,056 related

  • Mary McMullin

    Chief Advancement Officer

    Total calculated
    $642,343
    From this org
    $0
    From related orgs
    $577,875
    Other
    $64,468
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,396 related
    Bonus
    $0 + $176,361 related
    Other
    $0 + $29,118 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $54,118 related
    Filer's total
    $0 + $642,343 related

  • Debbie Rompal

    Assistant CFO

    Total calculated
    $439,693
    From this org
    $0
    From related orgs
    $428,260
    Other
    $11,433
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,865 related
    Bonus
    $0 + $116,939 related
    Other
    $0 + $22,456 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $1,083 related
    Filer's total
    $0 + $439,693 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
FRONT PORCH COMMUNITIES AND SERVICES, A RELATED ORGANIZATION, UTILIZES COMPENSATION STUDIES AND AN INDEPENDENT COMPENSATION CONSULTANT. FINAL COMPENSATION AMOUNTS OF THE CEO AND CFO ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND HAVE BEEN COMPLETED DURING THE YEAR. COMPENSATION PHILOSOPHY OF OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND FINAL COMPENSATION AMOUNTS ARE APPROVED BY THE CEO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN 457(F): AMOUNTS INCLUDED IN W-2 SEAN KELLY: $46,933 RACHEL VRANICH: $21,707 EDUARDO SALVADOR: $24,697 MARY MCMULLIN: $21,749 DEBBIE ROMPAL: $13,404 No AMOUNTS WERE DEFERRED. front porch communities and services ALSO MAINTAINS, FOR CERTAIN KEY LEGACY COVIA COMMUNITIES EMPLOYEES, A NONQUALIFIED SUPPLEMENTARY DEFERRED COMPENSATION PLAN THAT PROVIDES A DEFINED CONTRIBUTION BENEFIT PURSUANT TO SECTIONS 409A AND 457(F) OF THE CODE. ALL PARTICIPANTS ARE AWARDED AN ANNUAL RETENTION BENEFIT ANNUALLY. EACH AWARD VESTS ON THE EARLIER OF THE PARTICIPANT'S DEATH OR DISABILITY, REACHING THE AGE OF 65, OR FIVE YEARS AFTER THE AWARD IS MADE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Front Porch

    $4,997,323

    TO SUPPORT HOUSING, CARE, AND OTHER SERVICES FOR ALL THE FRONT PORCH COMMUNITIES.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Oak Centers LP

    N/A · Provide Affordable Housing to Elderly · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.1
Source object
202620489349300027

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