Housing Alternatives Inc A Ca Non Profit Public Benefit Corp
- Assets
- $6.6m
- Revenue
- $833.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Rocklin, CA
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 68-0415771
Organization Overview
Housing Alternatives Inc A Ca Non Profit Public Benefit Corp is located in Rocklin, CA. The organization was established in 1999. 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. As of 12/2023, Housing Alternatives Inc A CA Non Profit Public Benefit Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Alternatives Inc A CA Non Profit Public Benefit Corp 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, Housing Alternatives Inc A CA Non Profit Public Benefit Corp generated $833.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $298.6k during the year ending 12/2023. 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
HOUSING INVESTMENT AND DEVELOPMENT TO SERVE THE HOUSING NEEDS FOR VERY-LOW INCOME AND LOW-INCOME AND MIDDLE INCOME PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, ACTIVITIES RESUMED TO MORE NORMAL LEVELS FOLLOWING THE SIGNIFICANT CURTAILMENTS DUE TO THE COVID-19 PANDEMIC CRISIS. HOWEVER,THE PRIMARY ACHIEVEMENTS THAT TOOK PLACE IN 202 WERE AGAIN PRIMARILY EDUCATIONAL AND INFORMATIVE FOR RESIDENTS ON TOPICS SUCH AS FIRE SAFETY AND LIVING SAFELY IN A PERILOUS ERA . FIRE AND SAFETY WAS AGAIN EMPHASIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Grant Vice-President | Officer | 50 | $150,000 |
Elva Grant President & Executive Directo | OfficerTrustee | 40 | $72,000 |
Carmella Badalayan Secretary | Officer | 2 | $0 |
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 | $244,408 |
| Investment income | $568,806 |
| 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 | $833,229 |
| 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. | $222,000 |
| Compensation of current officers, directors, key employees. | $222,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,651 |
| Payroll taxes | $12,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,798 |
| 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 | $11,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,000 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $298,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$48,436 |
| Savings and temporary cash investments | $1,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,728,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,001,083 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $44,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,893,210 |
| Total assets | $6,620,314 |
| Accounts payable and accrued expenses | $22,758 |
| 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 | $139,183 |
| Other liabilities | $17,334 |
| Total liabilities | $179,275 |
| Net assets without donor restrictions | $6,441,039 |
| 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 | $6,620,314 |