Vivente 2 Inc
- Assets
- $4.3m
- Revenue
- $640.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 77-0066498
Organization Overview
Vivente 2 Inc is located in Foster City, CA. The organization was established in 1985. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vivente 2 Inc 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 12/2021, Vivente 2 Inc generated $640.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $592.1k during the year ending 12/2021. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AFFORDABLE RENTAL HOUSING FOR LOW INCOME AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES 29 RENTAL UNITS FOR LOW INCOME AND DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Le Chair | OfficerTrustee | 0.2 | $0 |
Dan Seubert Treasurer | OfficerTrustee | 0.2 | $0 |
Gina Diaz Secretary | OfficerTrustee | 0.2 | $0 |
Eric Harrison Vice Chair | OfficerTrustee | 0.2 | $0 |
Matthew O Franklin President/asst Secretary | Officer | 0.5 | $0 |
Michael J Vergura Cfo/asst. Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $467,992 |
| 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 | $467,992 |
| Total Program Service Revenue | $164,546 |
| Investment income | $2,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,990 |
| 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 | $38,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,808 |
| Payroll taxes | $3,379 |
| Fees for services: Management | $22,620 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,256 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,864 |
| Advertising and promotion | $0 |
| Office expenses | $16,033 |
| 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 | $339 |
| Interest | $166,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,694 |
| Insurance | $9,923 |
| All other expenses | $31,112 |
| Total functional expenses | $592,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $183,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,874 |
| 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 | $7,290 |
| Net Land, buildings, and equipment | $1,355,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,797,256 |
| Total assets | $4,345,427 |
| Accounts payable and accrued expenses | $18,383 |
| Grants payable | $0 |
| Deferred revenue | $646 |
| 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 | $4,047,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,862 |
| Total liabilities | $4,098,169 |
| Net assets without donor restrictions | $247,258 |
| 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 | $4,345,427 |
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