Price Charities
- Assets
- $164.3m
- Revenue
- $11.0m
- Investments
- $71.5m
- Employees
- 20
- Location
- La Jolla, CA
- Founding
- 12/2018
- Data as of
- 12/2018
- EIN
- 33-0898712
Organization Overview
Price Charities is located in La Jolla, CA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2018, Price Charities employed 20 individuals. Price Charities 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 12/2018, Price Charities generated $11.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $9.8m during the year ending 12/2018. While expenses have increased by 3.0% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF FAMILIES LIVING IN LOW INCOME URBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY HEIGHTS REAL ESTATE: THE ORGANIZATION HAS PROVIDED A SAFE, CLEAN AND AFFORDABLE LIVING AND WORK ENVIRONMENT THROUGH THE ACQUISITION AND CONSTRUCTION OF SEVERAL REAL ESTATE PROJECTS IN THE CITY HEIGHTS AREA OF THE CITY OF SAN DIEGO, CALIFORNIA. SUCH PROJECTS INCLUDE THE CONSTRUCTION AND MANAGEMENT OF: A 116 UNIT APARTMENT COMPLEX; A SIX STORY (119,000 SQUARE FOOT) OFFICE BUILDING; A MIXED-USE RESIDENTIAL (92 UNITS) AND RETAIL (20,000 SQUARE FOOT) PROJECT; AND VARIOUS PARCELS OF LAND HELD FOR FUTURE PROJECTS.
CITY HEIGHTS PROGRAMS: PROVIDE A VARIETY OF SUCCESSFUL PROGRAMS INCLUDING COMMUNITY UPKEEP AND VARIOUS SOCIAL AND EDUCATION SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Miller Community Upkeep | 29 | $198,800 | |
Richard Medina Real Estate Manager | 40 | $115,818 | |
Sherry Bahrambeygui Evp/secretary/director | OfficerTrustee | 14 | $0 |
Robert Price President/director | OfficerTrustee | 10 | $0 |
Allison Price Vice President/director | OfficerTrustee | 1 | $0 |
Jeff Fisher CFO | Officer | 14 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Price Group Management | 12/30/18 | $1,470,000 |
Universal Protection Service Security | 12/30/18 | $422,468 |
Professional Maintenance System Janitorial | 12/30/18 | $250,847 |
Rob Wellington Quigley Faia General Building Contractor | 12/30/18 | $180,518 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,055,691 |
| Investment income | $2,851,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,990,716 |
| 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 | $755,053 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $91,668 |
| Other employee benefits | $176,510 |
| Payroll taxes | $63,731 |
| Fees for services: Management | $1,470,000 |
| Fees for services: Legal | $44,882 |
| 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 | $51,952 |
| Advertising and promotion | $0 |
| Office expenses | $30,732 |
| Information technology | $13,992 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,076,176 |
| Insurance | $44,992 |
| All other expenses | $0 |
| Total functional expenses | $9,772,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,522,137 |
| Savings and temporary cash investments | $1,809,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,004 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,809 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $72,406,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,536,601 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,683,864 |
| Total assets | $164,280,959 |
| Accounts payable and accrued expenses | $511 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,061 |
| Total liabilities | $200,572 |
| Unrestricted restricted net Assets | $164,080,387 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $164,080,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |