Stanco Affordable Housing Corporation
- Assets
- $9.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Modesto, CA
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 77-0317384
Organization Overview
Stanco Affordable Housing Corporation is located in Modesto, CA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Stanco Affordable Housing Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanco Affordable Housing Corporation 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 06/2022, Stanco Affordable Housing Corporation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 10.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CONSTRUCTION AND DEVELOPMENT OF AFFORDABLE HOUSING IN STANISLAUS COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REHABILITATION, MANAGEMENT AND RENTAL OF RESIDENTIAL HOUSING. THE HOUSING IS PROVIDED TO THE VERY LOW, LOW AND MODERATE INCOME RESIDENTS OF STANISLAUS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Madison Executive Director | Officer | 40 | $158,486 |
Dave Cooperider President | OfficerTrustee | 1 | $0 |
Karen L Mc Laughlin Secretary | OfficerTrustee | 1 | $0 |
Carlos A Gonzalez Director | Trustee | 1 | $0 |
Erlinda Casiano Director | Trustee | 1 | $0 |
Dennis Wann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $333 |
| Noncash contributions included in lines 1a–1f | $333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,309 |
| Total Program Service Revenue | $2,247,208 |
| 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 | $2,478,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550 |
| 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. | $192,710 |
| Compensation of current officers, directors, key employees. | $38,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,971 |
| Payroll taxes | $25,628 |
| 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 | $116,588 |
| Advertising and promotion | $0 |
| Office expenses | $22,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $364,412 |
| Travel | $2,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $226,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428,892 |
| Insurance | $69,844 |
| All other expenses | $28,400 |
| Total functional expenses | $2,687,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,295,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,923 |
| Accounts receivable, net | $225,198 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,818,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,183 |
| Total assets | $9,446,028 |
| Accounts payable and accrued expenses | $1,707,968 |
| 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 | $7,426,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,134,646 |
| Net assets without donor restrictions | -$1,673,830 |
| Net assets with donor restrictions | $1,985,212 |
| 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 | $9,446,028 |
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