Lafayette Senior Housing Association Inc
- Assets
- $15.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, CA
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 94-2331267
Organization Overview
Lafayette Senior Housing Association Inc is located in Lafayette, CA. The organization was established in 1976. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Lafayette Senior Housing Association 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 06/2022, Lafayette Senior Housing Association Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 9.9% 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 PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNS AN APARTMENT COMPLEX OF 67 RENTAL UNITS FOR LOW-AND MODERATE-INCOME ELDERLY AND HANDICAPPED PERSONS. THE PROJECT IS REGULATED BY HUD AND CALHFA AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Douglass Secretary | OfficerTrustee | 0.3 | $0 |
Mary Munson Director | Trustee | 0.3 | $0 |
Carol Olson Director | Trustee | 0.3 | $0 |
Betty Vodzak President | OfficerTrustee | 1 | $0 |
Mike Robertson Vice President | OfficerTrustee | 1 | $0 |
Susan Nurock Treasurer | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vasona Construction Construction Rehab | 6/29/19 | $156,117 |
Architectural Network Inc Architectural Consulting | 6/29/19 | $136,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,338,646 |
| 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 | $1,338,646 |
| Total Program Service Revenue | $292,272 |
| Investment income | $226,073 |
| 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 | $1,856,991 |
| 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 | $271,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,707 |
| Payroll taxes | $21,911 |
| Fees for services: Management | $52,332 |
| Fees for services: Legal | $56 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,591 |
| Fees for services: Other | $7,651 |
| Advertising and promotion | $702 |
| Office expenses | $35,033 |
| Information technology | $10,473 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $606,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,510 |
| Insurance | $127,997 |
| All other expenses | $76,457 |
| Total functional expenses | $1,574,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,623 |
| Savings and temporary cash investments | $3,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,419 |
| 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 | $118,750 |
| Net Land, buildings, and equipment | $3,389,430 |
| Investments—publicly traded securities | $9,997,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,392,167 |
| Total assets | $15,049,739 |
| Accounts payable and accrued expenses | $76,689 |
| Grants payable | $0 |
| Deferred revenue | $1,429 |
| 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 | $12,050,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,668 |
| Total liabilities | $12,153,483 |
| Net assets without donor restrictions | $2,896,256 |
| 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 | $15,049,739 |