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Homecomings Inc

EIN 06-1713301 · Ventura, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$3.3 million
Spending
$187,027
Spent on programs
100%
Reserves
Over 10 years of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
0
Highest pay
$288,988, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 81% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 94% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 34% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. 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 VENTURA, CALIFORNIA.
  2. $187,027 spent. 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 SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER) - REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF ENCANTO DEL MAR APARTMENTS, L.P., WHICH OWNS AND OPERATES A 37 UNIT SENIOR HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIORS LOCATED IN VENTURA, CALIFORNIA.- SOHO HOUSING LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF SOHO ASSOCIATES, L.P., WHICH OWNS AND OPERATES A 12 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VISTA DEL MAR COMMONS LLC (LLC WITH HOMECOMINGS, INC. AS THE MANAGING MEMBER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VISTA DEL MAR COMMONS, L.P., WHICH OWNS AND OPERATES A 140 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- CASTILLO DEL SOL LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF CASTILLO DEL SOL APARTMENTS, L.P., WHICH OWNS AND OPERATES A 40 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- JOHNSON GARDENS LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF JOHNSON GARDENS, L.P., WHICH OWNS AND OPERATES A 101 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- BUENA VIDA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF BUENA VIDA, L.P., WHICH OWNS AND OPERATES A 95 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- RANCHO VERDE LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF RANCHO VERDE VENTURA, L.P., WHICH OWNS AND OPERATES A 24 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- EL PORTAL VENTURA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF EL PORTAL VENTURA, L.P., WHICH OWNS AND OPERATES A 29 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- WILLETT RANCH LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF WILLETT RANCH, L.P., WHICH OWNS AND OPERATES A 50 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VILLAGES AT WESTVIEW I LLC (LLC WITH HOMECOMINGS, INC. AS THE 60% MEMBER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VILLAGES AT WESTVIEW I, L.P., WHICH OWNS AND OPERATES A 131 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VALENTINE ROAD LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VALENTINE ROAD, L.P., WHICH OWNS AND OPERATES A 133 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.
  3. AHSC PROGRAM GRANT FUNDS - CONTRACT NUMBER 19-AHSC-12790UNDER THE AGREEMENT WITH THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT, THE ORGANIZATION RECEIVED GRANTS UNDER THE AHSC PROGRAM GRANT FUNDS. THE GRANT FUNDS WILL BE USED BY THE ORGANIZATION TO MAKE CAPITAL IMPROVEMENTS, CONSTRUCTION OF SIDEWALKS AND BIKEWAYS, UPGRADING BUS SHELTERS AND PURCHASING UNLIMITED MONTHLY PASSES FOR RESIDENTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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