Affordable Housing Cdc Inc
- Assets
- $7.0m
- Revenue
- $717.9k
- Investments
- $1.6m
- Employees
- 2
- Location
- Ladera Ranch, CA
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 77-0323691
Organization Overview
Affordable Housing Cdc Inc is located in Ladera Ranch, CA. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Affordable Housing Cdc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Cdc 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 06/2021, Affordable Housing Cdc Inc generated $717.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $375.2k during the year ending 06/2021. 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
TO PROVIDE AFFORDABLE HOUSING OPTIONS TO LOW AND MODERATE INCOME FAMILIES AND SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREDEVELOPMENT, DEVELOPMENT, AND OPERATIONS RELATING TO NUMEROUS FAMILY AFFORDABLE MULTIFAMILY HOUSING PROPERTIES REPRESENTING APPROXIMATELY 4,000 RESIDENTIAL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Stalzer Exec. Director/president | OfficerTrustee | 40 | $203,725 |
James Nardini Secretary/director | OfficerTrustee | 1 | $0 |
David C Nahas Cfo/director | OfficerTrustee | 10 | $0 |
Chad D Jaeger Director | Trustee | 0.3 | $0 |
Jonathan D Parrish Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $28,551 |
| 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 | $717,949 |
| Statement of Expenses | |
|---|---|
| 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. | $256,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $449 |
| Office expenses | $6,829 |
| Information technology | $6,054 |
| Royalties | $0 |
| Occupancy | $15,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329 |
| Insurance | $6,894 |
| All other expenses | $0 |
| Total functional expenses | $375,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,289 |
| Savings and temporary cash investments | $3,807,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $484,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $445,635 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,633,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,416 |
| Total assets | $7,027,034 |
| Accounts payable and accrued expenses | $11,754 |
| 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 | $0 |
| Total liabilities | $11,754 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,015,280 |
Grants Awarded
Over the last fiscal year, Affordable Housing Cdc Inc has awarded $6,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: 20TH ANNUAL GALA | $3,000 |
Atlanta, GA PURPOSE: CHARITABLE | $1,500 |
Glendale, CA PURPOSE: CHRISTMAS SPONSOR | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viamonte Senior Living San Francisco, CA | $242,110,392 | $7,634,323 |
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |