Alta Housing
- Assets
- $58.2m
- Revenue
- $6.7m
- Investments
- $12.6m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 02/2004
- Data as of
- 12/2022
- 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 12/2022, Alta Housing generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Mccown Chair | OfficerTrustee | 1 | $0 |
Jack Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Bonnie Packer Secretary | OfficerTrustee | 1 | $0 |
Menka Sethi Treasurer | OfficerTrustee | 1 | $0 |
Joseph Martignetti Jr Vice Chair | OfficerTrustee | 1 | $0 |
Margaret Sloan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,377,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,377,550 |
| Total Program Service Revenue | $3,010,095 |
| Investment income | $322,323 |
| 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 | $6,709,968 |
| 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 | $1,879,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $387,366 |
| Payroll taxes | $126,540 |
| Fees for services: Management | $53,247 |
| Fees for services: Legal | $7,660 |
| Fees for services: Accounting | $65,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,347 |
| Advertising and promotion | $14,780 |
| Office expenses | $0 |
| Information technology | $23,023 |
| Royalties | $0 |
| Occupancy | $154,681 |
| Travel | $20,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $182,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,834 |
| Insurance | $53,954 |
| All other expenses | $90,516 |
| Total functional expenses | $4,182,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,721,721 |
| Savings and temporary cash investments | $2,264,063 |
| Pledges and grants receivable | $299,062 |
| Accounts receivable, net | $29,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,521,202 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,326 |
| Net Land, buildings, and equipment | $20,214,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,620,838 |
| Investments—program-related | $269,038 |
| Intangible assets | $0 |
| Other assets | $19,180,934 |
| Total assets | $58,235,741 |
| Accounts payable and accrued expenses | $9,219 |
| Grants payable | $0 |
| Deferred revenue | $8,231 |
| 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 | $5,716,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,683,411 |
| Total liabilities | $16,417,736 |
| Net assets without donor restrictions | $41,818,005 |
| 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 | $58,235,741 |