The@kelsey
- Assets
- $10.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 17
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-2909645
Organization Overview
The@kelsey is located in San Francisco, CA. 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, The@kelsey employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@kelsey 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, The@kelsey generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 61.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE KELSEY ADVANCES DISABILITY-FORWARD HOUSING SOLUTIONS THAT OPEN DOORS TO HOMES AND OPPORTUNITIES FOR EVERYONE. WE BOTH CO-DEVELOP AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING AND LEAD ADVOCACY AND FIELD-BUILDING EFFORTS TO CREATE MARKET CONDITIONS SO INCLUSIVE HOUSING BECOMES THE NORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KELSEY HOUSING DEVELOPMENT PROJECTS: DESIGN, FINANCE AND DEVELOP 200+ UNITS OF NEW AFFORDABLE, ACCESSIBLE, INCLUSIVE HOURSING WITH 25% RESERVED FOR PEOPLE WITH DISABILITIES; WORK WITH PROPERTY OWNERS TO RESERVE AFFORDABLE UNITS FOR PEOPLE WITH DISABILITIES
INCLUSIVE DESIGN STANDARDS: DEVELOP A SET OF DESIGN AND OPERATIONAL STANDARDS THAT CAN BE USED BY DESIGNERS, DEVELOPERS AND POLICY MAKERS TO CREATE MORE AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING
FIELD BUILDING: BUILD AND EDUCATE A COMMUNITY OF PEOPLE WITH AND WITHOUT DISABILITIES THAT ADVOCATE FOR POLICIES THAT CREATE MORE AFFORDABLE, ACCESSIBLE INCLUSIVE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micaela Connery CEO | Officer | 40 | $177,000 |
Caroline Bas COO | Officer | 40 | $168,000 |
Dom Kelly Director | Trustee | 2 | $0 |
Lindsy Johnson Director | Trustee | 2 | $0 |
Shaina Li Director | Trustee | 2 | $0 |
Steve Wade Director | Trustee | 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 | $1,983,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,983,880 |
| Total Program Service Revenue | $22,246 |
| Investment income | $19,089 |
| 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 | $2,025,215 |
| 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. | $345,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $911,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $182,100 |
| Payroll taxes | $100,748 |
| Fees for services: Management | $65,000 |
| Fees for services: Legal | $1,483 |
| Fees for services: Accounting | $72,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,292 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,508 |
| Office expenses | $34,516 |
| Information technology | $28,249 |
| Royalties | $0 |
| Occupancy | $37,911 |
| Travel | $32,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,834 |
| All other expenses | $97,756 |
| Total functional expenses | $2,062,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,710,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,192,410 |
| Accounts receivable, net | $0 |
| 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 | $14,382 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,577,817 |
| Total assets | $10,495,453 |
| Accounts payable and accrued expenses | $116,502 |
| 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 | $116,502 |
| Net assets without donor restrictions | $8,881,780 |
| Net assets with donor restrictions | $1,497,171 |
| 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 | $10,495,453 |