Linc Housing Corporation
- Assets
- $238.3m
- Revenue
- $22.6m
- Investments
- $1.1m
- Employees
- 99
- Location
- Long Beach, CA
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 33-0578620
Organization Overview
Linc Housing Corporation is located in Long Beach, CA. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Linc Housing Corporation employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linc Housing Corporation 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 12/2021, Linc Housing Corporation generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $13.8m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LINC HOUSING CORPORATION IS A NONPROFIT ORGANIZATION THAT BUILDS, OWNS AND OPERATES AFFORDABLE HOUSING FOR SENIORS AND FAMILIES THROUGHOUT CALIFORNIA. LINC ALSO OFFERS ITS RESIDENTS LIFE-ENHANCING SERVICES THROUGH THE LINC CARES PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINC HOUSING CORPORATION IS A NONPROFIT ORGANIZATION THAT BUILDS, OWNS AND OPERATES AFFORDABLE HOUSING FOR SENIORS AND FAMILIES THROUGHOUT CALIFORNIA. LINC IS COMMITTED TO CREATING AND PRESERVING HOUSING THAT IS AFFORDABLE, ENVIRONMENTALLY SUSTAINABLE, AND A CATALYST FOR COMMUNITY IMPROVEMENT.
LINC HOUSING CORPORATION OFFERS ITS RESIDENTS LIFE-ENHANCING SERVICES THROUGH THE LINC CARES PROGRAM.
LINC HOUSING CORPORATION DEVELOPED AND IMPLEMENTED ENERGY AND WATER EFFICIENCY RETROFITS OF MULTIFAMILY HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca F Clark CEO | Officer | 36 | $516,020 |
Suny Chang President & COO | Officer | 36 | $486,155 |
Michael DE La Torre VP Of Acquisitions | 36 | $275,815 | |
James Aliberti Sr Vice Pres. | Officer | 36 | $266,283 |
Anne Wilson Chief R/e Offic | Officer | 0 | $256,150 |
Shalawn Garcia VP Of Bus Dev | 36 | $222,385 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jag Interiors Inc Design | 12/30/21 | $464,324 |
Rival Well Services Inc Oil Well Abandonment | 12/30/21 | $2,272,866 |
Walton Construction Services Construction | 12/30/21 | $6,940,056 |
D33 Design & Planning Inc Design | 12/30/21 | $693,225 |
Holthouse Carlin & Van Trigt Llp Accounting | 12/30/21 | $376,051 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,110 |
| Related organizations | $0 |
| Government grants | $2,309,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,208,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,603,080 |
| Total Program Service Revenue | $18,236,252 |
| Investment income | $540,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $238,268 |
| Net Income from Fundraising Events | -$3,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,614,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $3,222,651 |
| Compensation of current officers, directors, key employees. | $1,110,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,452,344 |
| Pension plan accruals and contributions | $115,851 |
| Other employee benefits | $454,558 |
| Payroll taxes | $440,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,839 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $847,784 |
| Advertising and promotion | $21,253 |
| Office expenses | $19,361 |
| Information technology | $176,820 |
| Royalties | $0 |
| Occupancy | $540 |
| Travel | $9,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,453 |
| Interest | $274,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,505 |
| Insurance | $214,842 |
| All other expenses | $486,118 |
| Total functional expenses | $13,795,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,174,612 |
| Savings and temporary cash investments | $10,196,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $311,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,452,279 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,677 |
| Net Land, buildings, and equipment | $4,229,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,111,581 |
| Investments—program-related | $149,210,460 |
| Intangible assets | $0 |
| Other assets | $14,585,100 |
| Total assets | $238,297,567 |
| Accounts payable and accrued expenses | $992,586 |
| Grants payable | $0 |
| Deferred revenue | $708,787 |
| 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 | $29,723,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,246,552 |
| Total liabilities | $156,671,302 |
| Net assets without donor restrictions | $81,176,265 |
| Net assets with donor restrictions | $450,000 |
| 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 | $238,297,567 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Linc Housing Corporation has recieved totaling $108,819.
| Awarding Organization | Amount |
|---|---|
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF HOUSING AND RESIDENT SERVICES IN LOS ANGELES COUNTY | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $17,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,023 |
Los Angeles Trial Lawyers Charities Santa Monica, CA PURPOSE: TO ADVANCE RECIPIENT'S CHARITABLE PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $296 |
Endowment Analysis
| Beg. Balance | $350,000 |
| Ending Balance | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |
Jamboree Housing Corporation Irvine, CA | $221,855,825 | $24,784,050 |
Single Room Occupancy Housing Corp Los Angeles, CA | $62,333,693 | $24,140,740 |