Santa Barbara Affordable Housing Group

Organization Overview

Santa Barbara Affordable Housing Group is located in Santa Barbara, CA. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Affordable Housing Group 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 03/2022, Santa Barbara Affordable Housing Group generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $12.0m during the year ending 03/2022. While expenses have increased by 15.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MANAGE AND DEVELOP SUSTAINABLE HOUSING FOR THE POOR, DISTRESSED, AND UNDERPRIVELEDGED AND RELIEVE THE BURDENS OF GOVERNMENT BY ADDRESSING ONGOING AFFORDABLE HOUSING SHORTAGES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PURCHASED PUBLIC HOUSING UNITS IN ORDER TO ASSIST IN THE DEVELOPMENT OR OPERATION OF LOW INCOME HOUSING UNITS, INCLUDING BUT NOT LIMITED TO PUBLIC HOUSING. THE ORGANIZATION OPERATES 457 UNITS DESIGNATED FOR LOW INCOME INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Rob Fredericks
Ceo/secretary
$0
Robert D Peirson
CFO
$0
Lucille Boss
Chair
$0
Esvin Almengor
Director
$0
Steven Faulstich
Director
$0
David Rowell
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $354,743
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$354,743
Total Program Service Revenue$9,536,229
Investment income $1,347
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 $10,555,389

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