Upward Bound House, a Santa Monica-based nonprofit organization that works to provide housing and services for homeless families with children, has been selected as a finalist for the Los Angeles Business Journal’s 2012 Organization of the Year.

The award announcements were made at the Millennium Biltmore Hotel in downtown Los Angeles June 19.

Upward Bound House was recognized for making a deep impact on the Los Angeles community in addressing family homelessness, according to the journal.

“This award truly belongs to the hardest working team of professionals and compassionate volunteers I could imagine,” Upward Bound House Executive Director David Snow said.

According to the journal, Upward Bound House has brought visibility and best-practice solutions to the crisis of family homelessness.

Since it was founded in 1997, the social service agency has served more than 500 families, including over 1,000 children. The programs are heavily structured and are designed to allow families to quickly stabilize, receive the support and tools necessary to retain their housing and to place families into appropriate, affordable, permanent housing.

Snow said that 95 percent of families remain housed at least one year after working with Upward Bound House.

The Los Angeles Business Journal’s Nonprofit and Corporate Citizen Awards recognize organizations in the nonprofit world that make a positive impact on the community under significant financial constraints.

Information, www.upwardboundhouse.org.

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