Mary Erickson Community Housing
- Assets
- $14.4m
- Revenue
- -$186.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dana Point, CA
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 33-0502327
Organization Overview
Mary Erickson Community Housing is located in Dana Point, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Erickson Community Housing 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 12/2022, Mary Erickson Community Housing generated -$186.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $382.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE WORKING FAMILIES BY INCREASING AND PRESERVING THE SUPPLY OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF LOW-INCOME APARTMENTS.
PURCHASE AND REHABILITATION OF PROPERTY FOR THE PURPOSE OF SELLING LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Bystry Director | Trustee | 10 | $0 |
Barbara Isaacs Director | Trustee | 10 | $0 |
Karen Suarez Director | Trustee | 10 | $0 |
Michael Gialluly Director | Trustee | 10 | $0 |
Gary Dunn President | Officer | 20 | $0 |
John Gould Secretary | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,235 |
| Total Program Service Revenue | $2,720 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$532,966 |
| 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 | -$186,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,232 |
| Advertising and promotion | $358 |
| Office expenses | $7,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,060 |
| Travel | $11,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124 |
| Interest | $1,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379 |
| Insurance | $18,243 |
| All other expenses | -$107 |
| Total functional expenses | $382,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,185,626 |
| Savings and temporary cash investments | $33,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,968,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $87,846 |
| Other assets | $40,661 |
| Total assets | $14,378,268 |
| Accounts payable and accrued expenses | $116,218 |
| Grants payable | $0 |
| Deferred revenue | $7,478 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,202,181 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $3,561,782 |
| Total liabilities | $18,937,659 |
| Net assets without donor restrictions | -$4,559,391 |
| 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 | $14,378,268 |