Form 990 for tax year 2023

Totals

Total revenue

$1,116,870

Total expenses

$531,975

Contributions and grants received

$1,049,144

Grants paid

$0

Program service revenue

$57,083

Investment income

$10,643

Other revenue

$0

Total assets, end of year

$1,365,021

Total liabilities, end of year

$27,071

Net assets or fund balances, end of year

$1,337,950

Program services expenses (Part IX)

$443,284

Management and general expenses

$66,520

Fundraising expenses

$22,171

Program service expenses (Part III)

$443,284

Program services were 83.3% 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.

Mission and programs · 2023

• HOMEOWNERSHIPAS A HUD-APPROVED HOUSING COUNSELING AGENCY, FACE ASSISTS FIRST-TIME HOMEBUYERS IN THEIR HOMEOWNERSHIP PROCESS THROUGH HOMEBUYER EDUCATION, FINANCIAL LITERACY, AND COUNSELING. PROSPECTIVE HOMEOWNERS LEARN ABOUT GOVERNMENT DOWN PAYMENT ASSISTANCE PROGRAMS, ESCROW, AND RELATED TOPICS THAT WILL EQUIP THEM TO PURCHASE A HOME AND BE AN INFORMED, SMART BUYER. TO DATE, FACE HAS CONNECTED OVER 15,000 POTENTIAL BUYERS WITH OVER $2.2 MILLION IN DOWN PAYMENT AND OTHER ASSISTANCE. ADDITIONALLY, FACE PROVIDES EXISTING HOMEOWNERS WITH MORTGAGE RELIEF AND FORECLOSURE PREVENTION COUNSELING, SAVING OVER $93 MILLION IN MORTGAGES FROM GOING INTO FORECLOSURE.

  Expenses $275,397 · Revenue $666,655

• CHURCH & NON-PROFIT LEADERSHIP & ADVOCACY TRAININGC2 LEADERSHIP INSTITUTEC2 LEADERSHIP INSTITUTE IS A TRANSFORMATIVE LEADERSHIP PROGRAM THAT EMPOWERS LEADERS AND AWAKENS THEM TO NEW POSSIBILITIES AND SUSTAINABILITY FOR THEIR MINISTRIES BY STRENGTHENING CHURCH AND COMMUNITY PARTNERSHIPS IN COMMUNITY DEVELOPMENT THROUGH COMMUNITY ENGAGEMENT AND ADVOCACY. THROUGH THE C2 LEADERSHIP INSTITUTE, C2 FELLOWS GAIN THE TOOLS, SKILLS AND RELATIONSHIPS TO CREATE SUCCESS AND SUSTAINABILITY IN THEIR COMMUNITY DEVELOPMENT INITIATIVES. OVER THE COURSE OF THE INSTITUTE, EACH FELLOW LAUNCHES OR STRENGTHENS A COMMUNITY PROJECT. FELLOWS ARE MENTORED BY VARIOUS LEADERS, INCLUDING FUNDERS, GOVERNMENT OFFICIALS, MEDIA, FAITH LEADERS AND COMMUNITY DEVELOPMENT EXPERTS. FELLOWS DEVELOP THEIR PROJECTS USING THE SKILLS THEY ATTAIN SUCH AS FUNDRAISING, MEDIA AND GOVERNMENT RELATIONS, PARTNERSHIP BUILDING, NETWORKING, FINANCIAL LITERACY, GRANT WRITING, EVENTING, ADVOCACY, PROGRAM DEVELOPMENT, OUTREACH STRATEGIES, AND COMMUNITY NEEDS ASSESSMENTS. FINALLY, FELLOWS RECEIVE ONGOING ONE ON ONE TECHNICAL ASSISTANCE TO ENSURE SUCCESSFUL IMPLEMENTATION OF THEIR PROJECT.FACE NATIONAL LIGHTING THE COMMUNITY (LTC) SUMMIT THIS NATIONAL CONFERENCE, HELD AT WASHINGTON D.C. AND LOS ANGELES, CA, BRINGS TOGETHER POLICY MAKERS, ELECTED OFFICIALS, CORPORATIONS, PASTORS, MEDIA, COMMUNITY LEADERS AND OTHERS COMMITTED TO COMMUNITY DEVELOPMENT. IT PROVIDES A FORUM FOR COLLABORATION, ENGAGEMENT AND DIALOGUE, AS WELL AS TRAINING/WORKSHOPS TO ADDRESS KEY ECONOMIC AND SOCIAL ISSUES, SUCH AS HOUSING, SMALL BUSINESS, MENTAL HEALTH, IMMIGRATION REFORM AND HUMAN TRAFFICKING, AMONGST OTHERS. CHURCHES AND NONPROFITS LEARN OF THE MANY AVAILABLE FUNDING, PARTNERSHIP AND NETWORKING OPPORTUNITIES. IN ADDITION TO THE PLENARY SESSIONS AND WORKSHOPS, OTHER CONFERENCE HIGHLIGHTS INCLUDE THE NATIONAL ASIAN AMERICAN PRAYER BREAKFAST, AWARDS GALA AND DINNER, AND WHITE HOUSE BRIEFING. PREVIOUS SUMMITS HELD HAVE INCLUDED NOTABLE SPEAKERS AND HONOREES FROM GOVERNMENT AGENCIES, CORPORATIONS, FOUNDATIONS AND EDUCATIONAL INSTITUTIONS.

  Expenses $35,197 · Revenue $85,200

• ADVOCACY/RACE RELATIONS/YOUTH LEADERSHIP DEVELOPMENT FACE HAS BEEN A STRONG ADVOCATE IN LIFTING UP THE AAPI AND FAITH VOICE FOR THOSE WHO ARE UNDERSERVED AND VOICELESS ON NUMEROUS ISSUES LOCALLY AND NATIONALLY. SOME OF THE AREAS WHERE FACE IS ENGAGING INCLUDES HOUSING & HOMEOWNERSHIP, IMMIGRATION REFORM, ELECTRIC CARS/CLEAN ENERGY, PEACE ON THE KOREAN PENINSULA, AND AN INCLUSIVE ETHNIC CURRICULUM, AMONGST OTHERS. FACE HAS ALSO HOSTED MANY CONVENINGS WITH GOVERNMENT/CORPORATE DECISION MAKERS AND STAKEHOLDERS IN THE COMMUNITY TO FACILITATE PARTNERSHIPS THAT WOULD ADDRESS CHALLENGES FACED BY THE COMMUNITY. SOME PAST CONVENINGS HAVE INCLUDED WITH SBA, METRO CEO, LAPD, LAHSA, VARIOUS ELECTED OFFICIALS, WHITE HOUSE, SAMHSA, HUD, US. DEPARTMENT OF LABOR SECRETARY, AMONGST OTHERS. BLACK/ASIAN SOLIDARITY & STOP AAPI HATE INITIATIVEWITH THE SURGE IN ANTI-ASIAN HATE CRIMES FACE HAS WORKED TO BRING SOLIDARITY BETWEEN THE BLACK AND AAPI COMMUNITY THROUGH SEVERAL INTIMATE MEETINGS BETWEEN BLACK AND ASIAN CLERGY AS WELL AS SEMINARS AND AAPI TOWN HALLS TO DISCUSS MODEL MINORITY MYTH THAT HAS HISTORICALLY BEEN USED AS A BARRIER BETWEEN THE TWO GROUPS. AS PART OF OUR STOP AAPI HATE INITIATIVE, FACE HAS ALSO WORKED TO SHED LIGHT ON THE OPPRESSION AND NEEDS OF THE AAPI COMMUNITY. THIS YEAR, FACE CEO HYEPIN IM AND REV. MARK WHITLOCK OF THE AME CHURCH WROTE AN ASIAN LIVES MATTER OP-ED DISCUSSING THE DIFFICULT BUT POWERFUL JOURNEY TO SOLIDARITY. AAPI CAREER PATHWAYS INITIATIVE THE AAPI POPULATION MAKES UP 17% OF THE COUNTY POPULATION, YET ONLY 3% OF THE PARTICIPANTS IN THE LA COUNTY'S PAID JOB TRAINING/INTERNSHIP PROGRAM, YOUTH@WORK, ARE AAPI STUDENTS. THE AAPI CAREER PATHWAYS INITIATIVE, IN PARTNERSHIP WITH LA COUNTY WDACS, IS AIMED TO ADDRESS THIS GAP. THROUGH FACE'S INITIATIVE, AAPI YOUTH (14-24) WILL HAVE ACCESS TO THESE PAID INTERNSHIP OPPORTUNITIES AS WELL AS HAVE THE OPPORTUNITY TO CONNECT WITH MENTORS AND TO ATTEND MONTHLY MENTORSHIP LEADERSHIP SEMINARS.

  Expenses $132,690 · Revenue $321,200

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202413189349311291

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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