Brilliant Corners
- Assets
- $324.0m
- Revenue
- $312.5m
- Investments
- $0.0
- Employees
- 357
- Location
- San Francisco, CA
- Founding
- 03/2004
- Data as of
- 06/2020
- EIN
- 56-2379862
Organization Overview
Brilliant Corners is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2020, Brilliant Corners employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Brilliant Corners generated $312.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.7% each year . All expenses for the organization totaled $289.8m during the year ending 06/2020. While expenses have increased by 56.9% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND SERVICES TO THE MOST VULNERABLE POPULATIONS, ESPECIALLY THOSE TRANSITIONING FROM (OR AT RISK OF) HOMELESSNESS OR INSTITUTIONALIZATION, THROUGH A VARIETY OF INNOVATIVE SUPPORTIVE HOUSING MODELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PARTNER WITH THE LOS ANGELES COUNTY DEPARTMENT OF HEALTH SERVICES TO ADMINISTER THE FLEXIBLE HOUSING SUBSIDY POOL, AN AMBITIOUS SUPPORTIVE HOUSING INITIATIVE COMBINING RENT SUBSIDIES, LANDLORD ENGAGEMENT, HOUSING NAVIGATION AND RETENTION SUPPORT, AND INTENSIVE CASE MANAGEMENT SERVICES FOR HIGH FREQUENCY UTILIZERS OF PUBLIC HEALTH AND OTHER SERVICES INCLUDING INDIVIDUALS EXPERIENCING HOMELESSNESS. AS FHSP ADMINISTRATOR, WE PARTNER WITH HUNDREDS OF PRIVATE MARKET-RATE, AFFORDABLE, AND SUPPORTIVE HOUSING PROVIDERS, OVER 40 INTENSIVE CASE MANAGEMENT SERVICE PROVIDERS, AND MANY PUBLIC AGENCIES AND HEALTH PLANS. TO DATE, WE HAVE HOUSED OVER 7400 PEOPLE AND ANTICIPATE SERVING OVER 10,000 OVER THE NEXT SEVERAL YEARS. THIS IS A 15-YEAR CONTRACT THAT REPRESENTED $168 MILLION IN WORK ORDER BUDGET FOR FISCAL YEAR 2018-19, AND GROWS SIGNIFICANTLY EACH YEAR.
SUPPORTIVE HOUSING MANAGEMENT: BRILLIANT CORNERS SELF-MANAGES ITS GROWING PORTFOLIO OF OVER 225 LICENSED RESIDENTIAL CARE HOMES AND MULTIFAMILY SUPPORTIVE HOUSING PROPERTIES IN ORDER TO ENSURE PERSON-CENTERED HOUSING QUALITY STANDARDS FOR OUR EXTREMELY LOW-INCOME RESIDENTS IN COMMUNITIES ACROSS CALIFORNIA.
WE PARTNER WITH LOCAL GOVERNMENT AGENCIES IN NORTHERN CALIFORNIA SIMILAR TO THAT IN LOS ANGELES IN WHICH THERE IS A HOUSING INITIATIVE COMBINING RENT SUBSIDIES, LANDLORD ENGAGEMENT, HOUSING NAVIGATION AND RETENTION SUPPORT, AND INTENSIVE CASE MANAGEMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Pickel CEO | Officer | 40 | $327,469 |
Danielle L Crowell Chief Program Officer | 40 | $217,451 | |
Jonas Mok COO | 40 | $211,702 | |
Chulssang Ham Chief Financial Officer | 40 | $185,893 | |
Frank J Felix Head Of People | 40 | $164,037 | |
Sami R Abdelatif Director Of Housing Development | 40 | $161,740 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Family Housing Corp Property Management | 6/29/20 | $1,111,375 |
Insite Development Llc Construction | 6/29/20 | $3,225,366 |
Juan-carlo Perea Contruction | 6/29/20 | $768,679 |
The People Concern Construction | 6/29/20 | $2,237,993 |
Jose Luis Vasquez Construction | 6/29/20 | $1,555,907 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $278,905,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,870,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,776,321 |
| Total Program Service Revenue | $17,728,832 |
| Investment income | $2,720 |
| 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 | $312,507,873 |
| 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. | $306,366 |
| Compensation of current officers, directors, key employees. | $45,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,735,792 |
| Pension plan accruals and contributions | $726,390 |
| Other employee benefits | $2,124,269 |
| Payroll taxes | $1,576,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,930 |
| Fees for services: Accounting | $69,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,727,151 |
| Advertising and promotion | $0 |
| Office expenses | $937,154 |
| Information technology | $727,765 |
| Royalties | $0 |
| Occupancy | $3,204,546 |
| Travel | $648,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $332,513 |
| Interest | $5,519,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,052,445 |
| Insurance | $415,945 |
| All other expenses | $0 |
| Total functional expenses | $289,813,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,236,030 |
| Savings and temporary cash investments | $1,001,907 |
| Pledges and grants receivable | $470,464 |
| Accounts receivable, net | $45,236,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,102,327 |
| Net Land, buildings, and equipment | $233,450,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,214,051 |
| Other assets | $330,333 |
| Total assets | $324,041,921 |
| Accounts payable and accrued expenses | $49,623,104 |
| Grants payable | $0 |
| Deferred revenue | $14,810,304 |
| 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 | $110,428,436 |
| Unsecured mortgages and notes payable | $4,814,900 |
| Other liabilities | $2,276,384 |
| Total liabilities | $181,953,128 |
| Net assets without donor restrictions | $131,760,197 |
| Net assets with donor restrictions | $10,328,596 |
| 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 | $324,041,921 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brilliant Corners has recieved totaling $5,986,000.
| Awarding Organization | Amount |
|---|---|
Tipping Point Community San Francisco, CA PURPOSE: CHI | $5,986,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brilliant Corners San Francisco, CA | $324,041,921 | $312,507,873 |
Room To Read San Francisco, CA | $36,167,731 | $59,837,695 |
Magnolia Educational & Research Foundation Los Angeles, CA | $54,570,182 | $51,334,434 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $8,380,859 | $47,850,029 |
Xq Institute Oakland, CA | $12,903,973 | $37,919,700 |
Compass Charter Schools Thousand Oaks, CA | $10,632,492 | $28,488,571 |
New Teacher Center Santa Cruz, CA | $26,664,811 | $24,380,943 |
Alpha Public Schools Inc San Jose, CA | $17,597,354 | $22,204,599 |
Live Oak A Learning Center For Children San Francisco, CA | $39,976,523 | $17,862,086 |
The Reason Foundation Los Angeles, CA | $19,282,371 | $15,534,857 |
Open Up Resources Menlo Park, CA | $13,743,970 | $15,994,546 |
Todays Fresh Start Los Angeles, CA | $33,643,438 | $14,611,082 |