Eden Housing Inc
- Assets
- $501.6m
- Revenue
- $56.1m
- Investments
- $0.0
- Employees
- 227
- Location
- Hayward, CA
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 23-1716750
Organization Overview
Eden Housing Inc is located in Hayward, CA. The organization was established in 1986. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Eden Housing Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Eden Housing Inc generated $56.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $41.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eden Housing Inc has awarded 139 individual grants totaling $65,108,785. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AND SUSTAIN HIGH-QUALITY AFFORDABLE HOUSING COMMUNITIES THAT ADVANCE EQUITY AND OPPORTUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDEN HOUSING HAS DEVELOPED OR ACQUIRED OVER 12,600 AFFORDABLE HOMES FOR LOW-INCOME INDIVIDUALS AND FAMILIES, AND CURRENTLY OWNS 163 PROPERTIES THROUGHOUT CALIFORNIA. WE ARE DOING OUR PART TO TACKLE THE HOUSING CRISIS IN CALIFORNIA-CURRENTLY SERVING MORE THAN 22,000 LOW-INCOME RESIDENTS FROM ALL BACKGROUNDS AND CULTURES WITH A WAIT LIST OF 30,000 HOUSEHOLDS LOOKING FOR AN AFFORDABLE HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mandolini President | Officer | 55 | $600,190 |
Tatiana Blank CFO | Officer | 45 | $430,960 |
Oyeshola Olatoye Chief Operating Officer | Officer | 10 | $421,960 |
Andrea Osgood Chief Of Real Estate Development And Executive Vic | Officer | 45 | $362,162 |
Lisa Rydholm Senior Vice President Of People And Culture | Officer | 40 | $331,133 |
Darnell Williams Senior Vice President Of Property Operations | 10 | $295,714 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dahlin Group Inc Architecture Consulting | 12/30/23 | $760,127 |
Mdr Housing Llc Consulting Services | 12/30/23 | $238,759 |
Debra Mcknight Higgins Consulting Services | 12/30/23 | $190,875 |
Mosaic Urban Development Llc Consulting Services | 12/30/23 | $178,510 |
Birgit Johnston Consulting Services | 12/30/23 | $134,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,195,627 |
| Government grants | $10,124,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,739,857 |
| Total Program Service Revenue | $21,397,039 |
| Investment income | $7,823,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,108,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,256,834 |
| Grants and other assistance to domestic individuals. | $107,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,602,677 |
| Compensation of current officers, directors, key employees. | $1,089,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,944,598 |
| Pension plan accruals and contributions | $553,446 |
| Other employee benefits | $1,294,354 |
| Payroll taxes | $795,901 |
| Fees for services: Management | $221,024 |
| Fees for services: Legal | $176,502 |
| Fees for services: Accounting | $182,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,175 |
| Fees for services: Investment Management | $82,930 |
| Fees for services: Other | $1,258,660 |
| Advertising and promotion | $1,800 |
| Office expenses | $299,969 |
| Information technology | $393,582 |
| Royalties | $0 |
| Occupancy | $2,641,422 |
| Travel | $158,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $344,383 |
| Interest | $265,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,203,337 |
| Insurance | $0 |
| All other expenses | $345,882 |
| Total functional expenses | $41,272,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,843,427 |
| Savings and temporary cash investments | $16,300,104 |
| Pledges and grants receivable | $337,850 |
| Accounts receivable, net | $80,672,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $299,233,122 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $191,337 |
| Net Land, buildings, and equipment | $13,522,404 |
| Investments—publicly traded securities | $55,318,076 |
| Investments—other securities | $0 |
| Investments—program-related | -$1,570,095 |
| Intangible assets | $1,474,686 |
| Other assets | $11,320,053 |
| Total assets | $501,643,533 |
| Accounts payable and accrued expenses | $5,687,218 |
| Grants payable | $0 |
| Deferred revenue | $10,043,318 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $167,873 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,735,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,092,818 |
| Total liabilities | $36,726,718 |
| Net assets without donor restrictions | $464,916,815 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $501,643,533 |
Grants Awarded
Over the last fiscal year, Eden Housing Inc has awarded $18,116,465 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
OAK HILL EDEN LP PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $480,527 |
EDEN INVESTMENT INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $6,375 |
DEPOT WILLOWS LP PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $871,471 |
OAKLAND PUBLIC EDUCATION FUND PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $23,497 |
EDEN DEVELOPMENT INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $182,362 |
EDEN HOUSING RESIDENT SERVICES INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $1,250,000 |