Public Charity

HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC)

HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC) is a nonprofit organization categorized as Public Charity based in VENTURA, CA. Its most recent IRS filing (2024) reports revenue of $3.3M, expenses of $187K, total assets of $12.2M.

EIN: 061713301 VENTURA, CA Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$3.3M
Total Expenses$187K
Total Assets$12.2M
Grant Records2
Filing Years2019–2024

Mission

THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES ARE TO BENEFIT AND SUPPORT THE HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA BY PROVIDING, DEVELOPING, FINANCING, REHABILITATING, OWNING AND OPERATING DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

Where $100 goes at Homecomings Inc (FKA Chapel Lane Housing Inc)

How Homecomings Inc (FKA Chapel Lane Housing Inc) divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$34
The organization serves as a general partner of chapel lane l.P., Which owns and operates a 38 unit senior housing apartment complex for low income seniors located in…
About 34% (cost not reported)
$33
Investments in ten low income properties through owning them as the sole member/owner or managing member of the following limited liability companies:- encanto del mar apartments, LLC (a…
33% of program spending
$33
Ahsc program grant funds
About 33% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alejandra Tellez
DIRECTOR Barbara Keller
DIRECTOR Diana Sparagna
EXECUTIVE DIRECTOR Jeffrey Lambert
CHAIR Jim White
CFO Joe Nocella

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $3.3M $187K $12.2M
2023 $3.7M $595K $9.7M
2022 $3.7M $538K $5.0M
2020 $216K $587K $-175K
2019 $163K $644K $-290K

Between 2019 and 2024, reported annual revenue grew from $163K to $3.3M (+1896%), with total assets most recently reported at $12.2M.

Interactive year-over-year charts and full filing details available with membership.

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