Form 990 for tax year 2022

Totals

Total revenue

$333,738

Total expenses

$708,443

Contributions and grants received

$327,559

Grants paid

$678,018

Program service revenue

$6,152

Investment income

$16

Other revenue

$11

Total assets, end of year

$476,639

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$476,639

Program services expenses (Part IX)

$678,642

Management and general expenses

$29,801

Fundraising expenses

$0

Program service expenses (Part III)

$678,642

Program services were 95.8% 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.

Mission and programs · 2022

• COMMUNITY IMPACT GRANTS: BUILDING STRONG COMMUNITIES THROUGH GRANTMAKING TO NONPROFITS IN THE FOLLOWING THREE FOCUS AREAS: 1) VETERANS: SERVING THE EMERGING AND LONG-TERM NEEDS OF OUR NATION'S VETERANS AND THEIR FAMILIES. IN AN EFFORT TO RECOGNIZE THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF OUR COUNTRY, WE PROUDLY SUPPORT ACTIVE MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES ON A LOCAL LEVEL. WE PROVIDE RESOURCES TO NONPROFIT VETERAN'S SERVICE ORGANIZATIONS WHOSE PROGRAMS CONNECT VETERANS AND THEIR FAMILIES FACING HARDSHIPS TO AN ARRAY OF CRITICAL HUMAN SERVICES 2)YOUTH DEVELOPMENT: EMPOWERING OUR YOUTH TO BECOME COMPASSIONATE AND RESPONSIBLE MEMBERS OF SOCIETY. THE FUTURE DRIVERS OF CHANGE FOR THE DEVELOPMENT AND STABILITY OF OUR COUNTRY ARE TODAY'S YOUTH. WE SUPPORT LIFE-ENHANCING PROGRAMS THAT ENGAGE YOUTH WITHIN THEIR COMMUNITIES, SCHOOLS, SOCIAL GROUPS, AND FAMILIES, THAT ARE POSITIVE AND CONSTRUCTIVE TO THE DEVELOPMENT OF THEIR CHARACTER, AND ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL. 3) HUMAN SERVICES: ENHANCING ACCESS TO BASIC NEEDS FOR UNDERSERVED INDIVIDUALS AND FAMILIES. HUMAN SERVICES STRIVES TO MEET BASIC HUMAN NEEDS BY FOCUSING ON PREVENTION AS WELL AS REMEDIATION OF PROBLEMS. WE ARE COMMITTED TO IMPROVING THE OVERALL QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES AT THEIR POINT OF MOST URGENT NEED. TO ACHIEVE THIS, WE ARE ENGAGED IN NUMEROUS INITIATIVES WITH NONPROFITS WHOSE PROGRAMS AND SERVICES WORK TO PREVENT OR END HOMELESSNESS.

  Expenses $596,624 · Grants $596,000 · Revenue $6,152

• EMPLOYEE ASSISTANCE FUND: FINANCE OF AMERICA COMPANIES TAKES PRIDE IN ITS STAFF - THEIR ENERGY AND SKILLS ARE KEY IN HELPING TO FULFILL OUR MISSION. WE RECOGNIZE THAT EMPLOYEES' MAY EXPERIENCE HARDSHIPS THAT REQUIRE EMERGENCY FINANCIAL ASSISTANCE. THE FINANCE OF AMERICA CARES EMPLOYEE ASSISTANCE FUND (EAF) IS A PROGRAM DESIGNED TO SUPPORT OUR VALUED STAFF IN TIMES OF UNEXPECTED FINANCIAL HARDSHIP. A MINIMUM OF 25 PERCENT OF ALL EMPLOYEE AND COMPANY CONTRIBUTIONS ARE ALLOCATED TOWARDS OUR EAF.

  Expenses $82,018 · Grants $82,018

As filed on the 2022 return.

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

• MAKE A WISH FOUNDATION OF GREATHER BAY AREA

  $7,500

  GENERAL SUPPORT

Provenance

Return type

form_990

Tax year

2022

Filed

2 August 2023

IRS schema version

2022v5.0

Source object

202342169349300144

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