The H Hovnanian Family Foundation

Tinton Falls, NJ
Tax-exempt since Jan. 1987
EIN: 59-2714390

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$11.9M (2023)

Expenses

$14.1M (2023)

Total Assets

$206M (2023)

Total Liabilities

$295k (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$11,910,290

Expenses

$14,095,731

Net Income

-$2,185,441

Net Assets

$205,743,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$106,197	0.9%
Interest Revenue	$0
Dividends	$4,103,888	34.5%
Sales of Assets	$4,490,648	37.7%
Other Income	$2,216,781	18.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,129,539	86.1%
Compensation of Officers*	$155,697	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$206,038,720
Total Liabilities	$294,927
Net Assets	$205,743,793

Compensation

Key Employees and Officers	Compensation	Other
Linda Yepoyan (Executive Director)	$186,828	$17,832
Edele Hovnanian (President)	$155,697	$15,105
Edwin Wegener (Senior Accountant)	$89,400	$309
Tricia Weaver (Admin. Assistant)	$79,010	$4,490
Gorr Sahakian (Vice President/Secretary)	$0	$0
Siran Sahakian (Treasurer)	$0	$0
Leela Hovnanian (Trustee)	$0	$0
Tanya Hovnanian Baghdasarian (Trustee)	$0	$0

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990-PF

Filed on Nov. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$10,975,273

Expenses

$13,365,863

Net Income

-$2,390,590

Net Assets

$207,929,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,005,159	18.3%
Interest Revenue	$0
Dividends	$3,710,586	33.8%
Sales of Assets	$664,820	6.1%
Other Income	$1,626,225	14.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,018,825	82.4%
Compensation of Officers*	$169,062	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$208,193,961
Total Liabilities	$264,727
Net Assets	$207,929,234

Compensation

Key Employees and Officers	Compensation	Other
Linda Yepoyan (Executive Director)	$186,486	$15,926
Edele Hovnanian (President)	$169,062	$14,534
Tracy Bacon (Executive Assistant)	$85,400	$0
Gorr Sahakian (Vice President/Secretary)	$0	$0
Siran Sahakian (Treasurer)	$0	$0
Armen Hovnanian (Trustee)	$0	$0
Haik Sahakian (Trustee)	$0	$0
Leela Hovnanian (Trustee)	$0	$0
Shant Sahakian (Trustee)	$0	$0
Tanya Hovnanian Baghdasarian (Trustee)	$0	$0
Teny Sahakian (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$84,731,289

Expenses

$8,678,113

Net Income

$76,053,176

Net Assets

$210,237,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$67,383,230	79.5%
Interest Revenue	$0
Dividends	$2,400,338	2.8%
Sales of Assets	$11,085,579	13.1%
Other Income	$1,148,313	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,363,412	73.3%
Compensation of Officers*	$252,231	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$210,437,584
Total Liabilities	$200,325
Net Assets	$210,237,259

Compensation

Key Employees and Officers	Compensation	Other
Linda Yepoyan (Executive Director)	$172,487	$0
Edele Hovnanian (President)	$156,231	$0
Gorr Sahakian (Vice President/Secretary)	$12,000	$0
Siran Sahakian (Treasurer)	$12,000	$0
Armen Hovnanian (Trustee)	$12,000	$0
Haik Sahakian (Trustee)	$12,000	$0
Leela Hovnanian (Trustee)	$12,000	$0
Shant Sahakian (Trustee)	$12,000	$0
Tanya Hovnanian Baghdasarian (Trustee)	$12,000	$0
Teny Sahakian (Trustee)	$12,000	$0
Hirair Hovnanian Deceased 42022 (Chairman)	$0	$0

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990-PF

Filed on June 29, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

View Filing (2 of 2)

Fiscal Year Ending Dec.
2020

Revenue

$7,611,004

Expenses

$8,775,576

Net Income

-$1,164,572

Net Assets

$134,184,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,453,307	32.2%
Interest Revenue	$0
Dividends	$2,083,226	27.4%
Sales of Assets	$0
Other Income	$811,145	10.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,182,163	81.8%
Compensation of Officers*	$219,346	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$134,354,213
Total Liabilities	$170,130
Net Assets	$134,184,083

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2019

Revenue

$7,922,037

Expenses

$8,092,036

Net Income

-$169,999

Net Assets

$135,257,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$92,000	1.2%
Interest Revenue	$0
Dividends	$2,993,483	37.8%
Sales of Assets	$2,189,200	27.6%
Other Income	$406,570	5.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,579,841	81.3%
Compensation of Officers*	$108,000	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$135,479,213
Total Liabilities	$221,447
Net Assets	$135,257,766

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$8,234,779

Expenses

$5,365,063

Net Income

$2,869,716

Net Assets

$89,771,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$924,594	11.2%
Interest Revenue	$0
Dividends	$1,685,504	20.5%
Sales of Assets	$3,232,778	39.3%
Other Income	$6,715	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,153,981	77.4%
Compensation of Officers*	$96,000	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$89,948,686
Total Liabilities	$177,364
Net Assets	$89,771,322

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$8,232,364

Expenses

$5,125,548

Net Income

$3,106,816

Net Assets

$86,901,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,672,522	20.3%
Sales of Assets	$4,163,290	50.6%
Other Income	$15,341	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,912,938	76.3%
Compensation of Officers*	$96,000	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$87,082,557
Total Liabilities	$180,951
Net Assets	$86,901,606

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$31,999,507

Expenses

$4,078,072

Net Income

$27,921,435

Net Assets

$83,794,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,253,822	75.8%
Interest Revenue	$0
Dividends	$1,742,939	5.4%
Sales of Assets	$4,619,605	14.4%
Other Income	$7,302	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,079,652	75.5%
Compensation of Officers*	$96,000	2.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$83,995,563
Total Liabilities	$200,773
Net Assets	$83,794,790

Compensation

Key Employees and Officers	Compensation	Other
Edele Hovnanian (Vp & Treasurer)	$12,000	$0
Siran Sahakian (Vice President)	$12,000	$0
Leela Hovnanian (Vice President)	$12,000	$0
Armen Hovnanian (Vice President)	$12,000	$0
Tanya Hovnanian Baghdassarian (Secretary)	$12,000	$0
Gorr Sahakian (Trustee)	$12,000	$0
Teny Sahakian (Trustee)	$12,000	$0
Haik Sahakin (Trustee)	$12,000	$0
Hirair Hovnanian (Chairman)	$0	$0
Anna Hovnanian (President)	$0	$0

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990-PF

Filed on Nov. 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$11,279,066

Expenses

$2,641,204

Net Income

$8,637,862

Net Assets

$55,873,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,775,000	60.1%
Interest Revenue	$0
Dividends	$1,577,436	14.0%
Sales of Assets	$171,568	1.5%
Other Income	$321,470	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,968,652	74.5%
Compensation of Officers*	$60,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,019,790
Total Liabilities	$146,435
Net Assets	$55,873,355

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,111,886

Expenses

$2,993,249

Net Income

$118,637

Net Assets

$47,352,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,681,910	54.0%
Sales of Assets	$1,104,264	35.5%
Other Income	$325,712	10.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,536,469	84.7%
Compensation of Officers*	$60,000	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,356,365
Total Liabilities	$4,317
Net Assets	$47,352,048

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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The H Hovnanian Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $11.9M (2023)

Expenses $14.1M (2023)

Total Assets $206M (2023)

Total Liabilities $295k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2009

Revenue

$11.9M (2023)

Expenses

$14.1M (2023)

Total Assets

$206M (2023)

Total Liabilities

$295k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001