Reliant Asset Management Solutions
- Assets
- $599.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 53
- Location
- Ontario, CA
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-3300919
Organization Overview
Reliant Asset Management Solutions is located in Ontario, CA. The organization was established in 2015. 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. As of 12/2023, Reliant Asset Management Solutions employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reliant Asset Management Solutions 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 12/2023, Reliant Asset Management Solutions generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $880.2k during the year ending 12/2023. While expenses have increased by 13.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSET MANAGEMENT SERVICES TO AFFORDABLE HOUSING OWNERS AND ANCILLARY ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIANT ASSET MANAGEMENT SOLUTIONS ("RELIANT AMS"), IS A NON-PROFIT ORGANIZATION FORMED TO FURTHER THE MISSION OF OPERATING AND SUSTAINING AFFORDABLE HOUSING. IT WILL PROVIDE MANAGEMENT SOLUTIONS IN SEVERAL AREAS, FROM FULL SERVICE PROPERTY MANAGEMENT, PHYSICAL INSPECTIONS RELATED TO ALL TYPES OF HOUSING UNITS AND OTHER RELATED SERVICES. THE OFFICERS AND DIRECTORS HAVE A COMBINED 68 YEARS OF EXPERIENCE IN PUBLIC AND PRIVATE HOUSING OPERATIONS. RELIANT AMS IS COMPRISED OF TWO DISTINCT DEPARTMENTS, (1) FULL SERVICE PROPERTY MANAGEMENT AND (2) HOUSING QUALITY CONTROL INSPECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Ibarra Director Of Asset Manageme | 40 | $131,798 | |
Vickie Lauden Director | Trustee | 1 | $200 |
Alison Crawford Director | Trustee | 1 | $150 |
Roselee Detevis Director | Trustee | 1 | $150 |
Cheryl Gonzalez Director | Trustee | 1 | $150 |
Tina Scott President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Coast Employment Lawyers Aplc Legal Fees | 12/30/22 | $131,038 |
Drain Aid Plumbing Plumbing Services & Repairs | 12/30/22 | $104,569 |
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 | $1,022,984 |
| 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 | $1,024,845 |
| 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. | $650 |
| Compensation of current officers, directors, key employees. | $650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,873 |
| Pension plan accruals and contributions | $4,081 |
| Other employee benefits | $50,155 |
| Payroll taxes | $29,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,514 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,619 |
| Advertising and promotion | $609 |
| Office expenses | $86,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,366 |
| Travel | $50,680 |
| 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 | $0 |
| Insurance | $85,754 |
| All other expenses | $160 |
| Total functional expenses | $880,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,370 |
| Prepaid expenses and deferred charges | $93,651 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,153 |
| Other assets | $0 |
| Total assets | $599,153 |
| Accounts payable and accrued expenses | $122,214 |
| 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 | $21,259 |
| Total liabilities | $143,473 |
| Net assets without donor restrictions | $455,680 |
| 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 | $599,153 |