Alta Housing
- Assets
- $51.9m
- Revenue
- $14.0m
- Investments
- $13.2m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 91-2198760
Organization Overview
Alta Housing is located in Palo Alto, CA. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alta Housing 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, Alta Housing generated $14.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 10.2% 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
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE, OPERATE LOW AND MODERATE INCOME HOUSING IN PALO ALTO, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW- AND MODERATE-INCOME HOUSING FOR INDIVIDUALS AND FAMILIES IN PALO ALTO, CA.
CONSULTING SERVICES FOR LOW INCOME HOUSING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Sloan Chair | OfficerTrustee | 1 | $0 |
Joseph Martignetti Jr Vice Chair | OfficerTrustee | 1 | $0 |
Lori Saito Treasurer | OfficerTrustee | 1 | $0 |
Bonnie Packer Secretary | OfficerTrustee | 1 | $0 |
Randal Tsuda President & CEO | Officer | 4 | $0 |
Marc Garcia CFO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,633,000 |
| 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 | $5,633,000 |
| Total Program Service Revenue | $7,913,080 |
| Investment income | $459,584 |
| 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 | $14,005,664 |
| 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 | $1,418,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $300,594 |
| Payroll taxes | $95,031 |
| Fees for services: Management | $50,233 |
| Fees for services: Legal | $13,339 |
| Fees for services: Accounting | $57,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,152 |
| Advertising and promotion | $5,242 |
| Office expenses | $9,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,453 |
| Travel | $1,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,723 |
| Insurance | $63,189 |
| All other expenses | $204,575 |
| Total functional expenses | $3,368,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,314,431 |
| Savings and temporary cash investments | $3,787,235 |
| Pledges and grants receivable | $162,971 |
| Accounts receivable, net | $16,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,598,131 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,924 |
| Net Land, buildings, and equipment | $19,370,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,212,526 |
| Investments—program-related | $203,974 |
| Intangible assets | $0 |
| Other assets | $6,101,138 |
| Total assets | $51,886,144 |
| Accounts payable and accrued expenses | $231,265 |
| Grants payable | $0 |
| Deferred revenue | $64,348 |
| 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 | $6,321,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,965,995 |
| Total liabilities | $10,583,358 |
| Net assets without donor restrictions | $41,302,786 |
| 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 | $51,886,144 |
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|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |