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Nonprofiteer
← FRONT PORCH COMMUNITIES FOUNDATION

Form 990 for tax year 2022

Filed by FRONT PORCH COMMUNITIES FOUNDATION.

Totals

Total revenue
$6,309,382
Total expenses
$4,360,484
Contributions and grants received
$4,324,100
Grants paid
$4,271,918
Program service revenue
$0
Investment income
$1,985,282
Other revenue
$0
Total assets, end of year
$56,221,484
Total liabilities, end of year
$7,911,295
Net assets or fund balances, end of year
$48,310,189
Program services expenses (Part IX)
$4,271,918
Management and general expenses
$88,566
Fundraising expenses
$0
Program service expenses (Part III)
$4,271,918

Program services were 98.0% 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)

    $185,028

  • 1f · All other contributions, gifts and grants

    $4,139,072

  • 3 · Investment income

    total $1,279,629 · excluded $1,279,629

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,069,883

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

    securities $364,230

  • 7c · Gain or loss

    securities $705,653

  • 7d · Net gain or loss

    total $705,653 · excluded $705,653

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,271,918 · program services $4,271,918

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $71,417 · management and general $71,417

  • 11g · Fees: other

    total $2,766 · management and general $2,766

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $22 · management and general $22

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $65 · management and general $65

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Employee Relations

    total $189 · management and general $189

  • 24b · Other expenses: TAXES, LICENSES, & DUES

    total $4 · management and general $4

  • 24c · Other expenses: Operating Supplies

    total $366 · management and general $366

  • 24d · Other expenses: BUS PASSES

    total $13,737 · management and general $13,737

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $999,587 · end of year $2,882,596

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,831,007

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,293,221

  • 4 · Accounts receivable

    beginning of year $41,351 · end of year $70,491

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $4,150

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $35,849,916 · end of year $49,160,360

  • 12 · Investments: other securities

    beginning of year $1,122,123 · end of year $967,659

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $528,287 · end of year $12,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $50,585

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,234,185 · end of year $7,860,710

  • 27 · Net assets without donor restrictions

    beginning of year $15,791,393 · end of year $14,729,783

  • 28 · Net assets with donor restrictions

    beginning of year $21,515,686 · end of year $33,580,406

Mission and programs · 2022

Mission

THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE RESIDENTS IN THE RETIREMENT COMMUNITIES FORMERLY OWNED BY PACIFIC HOMES AND NOW OWNED BY FRONT PORCH (A NON PROFIT CORPORATION). THE FOUNDATION PROVIDES PROGRAMS OF DIRECT ASSISTANCE TO RESIDENTS WHO EXPERIENCE FINANCIAL HARDSHIP AS WELL AS RAISES AND DISTRIBUTES FUNDS FOR THE PURCHASE OF EQUIPMENT TO IMPROVE THE RESIDENTS' QUALITY OF LIFE AND THE RENOVATION AND REPLACEMENT OF EXISTING CAPITAL ASSETS.

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 $4,271,918 · Grants $4,271,918

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Woodward

    CEO

    Total calculated
    $1,361,658
    From this org
    $0
    From related orgs
    $1,350,533
    Other
    $11,125
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $669,284 related
    Bonus
    not reported + $632,809 related
    Other
    not reported + $48,440 related
    Deferred
    not reported + $9,150 related
    Nontaxable benefits
    not reported + $1,975 related
    Filer's total
    not reported + $1,361,658 related

  • Eduardo Salvador

    CFO/SECRETARY

    Total calculated
    $804,571
    From this org
    $0
    From related orgs
    $747,748
    Other
    $56,823
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $381,659 related
    Bonus
    not reported + $346,956 related
    Other
    not reported + $19,133 related
    Deferred
    not reported + $54,948 related
    Nontaxable benefits
    not reported + $1,875 related
    Filer's total
    not reported + $804,571 related

  • Mary McMullin

    CHIEF STRATEGY & ADV OFFICER

    Total calculated
    $650,062
    From this org
    $0
    From related orgs
    $560,809
    Other
    $89,253
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $315,662 related
    Bonus
    not reported + $225,250 related
    Other
    not reported + $19,897 related
    Deferred
    not reported + $37,703 related
    Nontaxable benefits
    not reported + $51,550 related
    Filer's total
    not reported + $650,062 related

  • Joe Butler

    Chief Legal Officer

    Total calculated
    $468,889
    From this org
    $0
    From related orgs
    $458,339
    Other
    $10,550
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $219,223 related
    Bonus
    not reported + $211,973 related
    Other
    not reported + $27,143 related
    Deferred
    not reported + $9,150 related
    Nontaxable benefits
    not reported + $1,400 related
    Filer's total
    not reported + $468,889 related

  • Rachel Vranich

    Assistant Secretary/CLO

    Total calculated
    $369,861
    From this org
    $0
    From related orgs
    $343,947
    Other
    $25,914
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $327,911 related
    Bonus
    not reported
    Other
    not reported + $16,036 related
    Deferred
    not reported + $9,150 related
    Nontaxable benefits
    not reported + $16,764 related
    Filer's total
    not reported + $369,861 related

  • Debbie Rompal

    VP Financial Services

    Total calculated
    $333,869
    From this org
    $0
    From related orgs
    $323,236
    Other
    $10,633
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $245,692 related
    Bonus
    not reported + $63,450 related
    Other
    not reported + $14,094 related
    Deferred
    not reported + $9,150 related
    Nontaxable benefits
    not reported + $1,483 related
    Filer's total
    not reported + $333,869 related

  • Alice Coulombe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Chillison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Howard Hudson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lynn North

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Tom Porath

    Director

    Total calculated
    $0
    Hours/week
    1

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 3A
METHODS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIALS: A RELATED ORGANIZATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND COMPENSATION STUDIES TO SET COMPENSATION FOR THE CEO AND OTHER TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES. FINAL COMPENSATION AMOUNTS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.
SCHEDULE J, PART I, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN 409(a): AMOUNTS INCLUDED IN W-2 AMOUNTS IN DEFERRED ------------------------- -------------------- JOHN WOODWARD $30,122 None Rachel Vranich $15,427 None EDUARDO SALVADOR $17,175 $45,798 Joseph Butler $9,591 NONE Mary McMullin $14,277 $28,553 Debbie Rompal $10,717 None

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

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (5)

    CHAR REM TRUS · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410409349300721

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