Preserving Affordable Housing Longterm
- Assets
- $753.8k
- Revenue
- $664.3k
- Investments
- $0.0
- Employees
- 0
- Location
- East Palo Alto, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1378241
Organization Overview
Preserving Affordable Housing Longterm, operating under the name Pahali, is located in East Palo Alto, CA. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pahali is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PAHALL'S MISSION IS TO ACQUIRE AND HOLD LAND FOR PERMANENTLY AFFORDABLE HOUSING, AND OTHER COMMUNITY-SERVING USES, IN EAST PALO ALTO, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAHALL'S ENTIRE PROGRAM INVOLVES THE ACQUISITION AND STEWARDSHIP OF LAND TO BE MADE AVAILABLE FOR PERMANENTLY AFFORDABLE HOUSING FOR LOWER-INCOME RESIDENTS AND OTHER COMMUNITY-SERVING USES. THE ONLY REVENUE LISTED FOR THIS PROGRAM IS $280 IN MEMBERSHIP DUES; HOWEVER, THE PROGRAM ALSO RECEIVED $664,000 OF GRANT FUNDING (WHICH IS NOT LISTED HERE, PER THE INSTRUCTIONS OF THIS FORM).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ofelia Bello President | OfficerTrustee | 3 | $0 |
Mark Moulton Vice President | OfficerTrustee | 2 | $0 |
Karen Camacho Secretary/treasurer | OfficerTrustee | 3 | $0 |
Duane Bay Director | Trustee | 4 | $0 |
Tameeka Bennett Director | Trustee | 0.5 | $0 |
Leanora Martinez Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,280 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $664,280 |
| 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 | $20,104 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $0 |
| Payments to affiliates | $600 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,768 |
| Accounts payable and accrued expenses | $10,749 |
| 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 | $0 |
| Total liabilities | $10,749 |
| Net assets without donor restrictions | $179,019 |
| Net assets with donor restrictions | $564,000 |
| 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 | $753,768 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Preserving Affordable Housing Longterm has recieved totaling $620,000.
| Awarding Organization | Amount |
|---|---|
Philanthropic Ventures Foundation Oakland, CA PURPOSE: PLACEKEEPING FOR THE PLACEKEEPERS | $520,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollywood Community Housing Corporation Los Angeles, CA | $87,826,878 | $9,106,677 |
Habitat For Humanity International Inc Monrovia, CA | $10,420,677 | $8,377,846 |
Habitat For Humanity International Inc San Diego, CA | $17,987,531 | $9,101,598 |
Corporate Fund For Housing Long Beach, CA | $62,505,440 | $8,997,837 |
Bridge Housing Corporation - Southern California San Francisco, CA | $19,249,225 | $4,951,235 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Augusta Homes Upland, CA | $57,007,728 | $7,808,185 |
Linc Community Development Corporation Long Beach, CA | $50,572,964 | $7,561,033 |
Resident Owned Parks Inc Sacramento, CA | $73,117,856 | $8,641,383 |
National Community Renaissance Development Corporation Rancho Cucamonga, CA | $20,200,023 | $6,094,329 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |