This nonprofit's revenue peaked at $5.97M in 2022, then collapsed 81% to $1.13M by 2024 — while expenses fell even faster, to almost nothing. Its founder, Josh Hodges, has run a same-named for-profit corporation the entire time.
Legends FC's nonprofit reported $5.97M in revenue for 2022. The following year, $1.90M. The year after that, $1.13M — with expenses down to just $287,756, a fraction of the $6.07M spent two years earlier. No other club in this project has fallen this far, this fast.
Legends FC, Inc. is a separate for-profit California corporation, formed in April 2015, with Joshua Hodges as its only listed officer — the same Hodges who runs the nonprofit as Executive Director. His own nonprofit pay went from $219,188 in 2022 to zero in 2024, the exact two years the books collapsed.
Tax-exempt since December 2011. The fiscal year changed from a May year-end to a December year-end in 2018, creating one short transition-period filing.
Between 2022 and 2024, revenue fell 81% but expenses fell 95% — "other salaries and wages" went from $403,412 to $665,632 to exactly $0. A soccer club pulling in $1.13M with zero staff salaries and $287,756 in total expenses isn't running the operation it was running two years earlier.
2021 and 2022, when revenue ran $4.9M to $6.0M, is exactly when Legends FC's regional footprint — Orange County, Riverside, San Gabriel Valley, San Fernando Valley, Santa Clarita Valley, San Diego, an Arizona affiliate, and an international push into Guadalajara — was being built out in public.
Confirmed via California Secretary of State filings, cross-referenced against the nonprofit's own Form 990 compensation tables.
This for-profit corporation has existed since 2015 — three years before the nonprofit's revenue even reached $3M, and it's run alongside the nonprofit the whole time. Joshua Hodges is its only listed officer, in every role.
On the nonprofit side, Hodges' own reported pay went from $219,188 in 2022 to $0 in 2024 — the same two years the nonprofit's revenue and expenses collapsed. Where that revenue, those expenses, and that pay actually went isn't disclosed anywhere public. The simplest read consistent with the record: operations shifted from the nonprofit to the for-profit company Hodges alone controls. That specific mechanism isn't confirmed by the filings themselves.
Three other "Legends"-named nonprofits exist in California — Legends United FC (Roseville), Legends Soccer Club (Antelope), and Legends Elite FC Corp (Manteca), all Sacramento-area, all with entirely different officers. None of them are connected to this one.
Watch Josh Hodges' line across years — it rises with the club's growth, then drops to exactly $0 the same year expenses collapse.
| Fiscal Year | Revenue | Expenses | Net Income | Exec Comp | Other Salaries | Total Assets | Total Liab. | Net Assets |
|---|