Community Economics Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Oakland, CA
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 94-2473882
Organization Overview
Community Economics Inc is located in Oakland, CA. The organization was established in 1978. 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, Community Economics Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Economics 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 12/2023, Community Economics Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Economics Inc has awarded 48 individual grants totaling $950,430. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S EXEMPT FUNCTION & PURPOSE IS TO PROVIDE TECHNICAL ASSISTANCE TO HOUSING RELATED NON-PROFIT ORGANIZATIONS IN DEVELOPING, MAINTAINING, AND MANAGING OF LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE IS PROVIDED TO NON-PROFIT COMMUNITY-BASED ORGANIZATIONS AND PUBLIC AGENCIES IN THE AREAS OF: DEVELOPMENT, MAINTENANCE, AND MANAGEMENT OF LOW-INCOME HOUSING INCLUDING SUBSIDIZED HOUSING; COMMUNITY-BASED REAL ESTATE DEVELOPMENT; AND COMMUNITY-BASED ECONOMIC DEVELOPMENT. PUBLICATIONS SUCH AS FEASIBILITY STUDIES AND MANUAL ARE WRITTEN AND DISTRIBUTED AT COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Rawson Secretary/treasurer | OfficerTrustee | 2 | $0 |
Lynette Lee Director | Trustee | 2 | $0 |
Dena Belzer President | OfficerTrustee | 2 | $0 |
Roy Linton Schweyer Vice President | OfficerTrustee | 2 | $0 |
Gisela Salgado Director | Trustee | 2 | $0 |
Steven Shum 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,128,403 |
| Investment income | $40,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,165,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,650 |
| 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. | $557,561 |
| Compensation of current officers, directors, key employees. | $83,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,687 |
| Pension plan accruals and contributions | $83,758 |
| Other employee benefits | $47,405 |
| Payroll taxes | $68,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,809 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,214 |
| Travel | $8,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,347 |
| Insurance | $11,888 |
| All other expenses | $4,126 |
| Total functional expenses | $1,612,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,225 |
| Savings and temporary cash investments | $608,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,303 |
| Net Land, buildings, and equipment | $6,500 |
| Investments—publicly traded securities | $724,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,041,866 |
| Accounts payable and accrued expenses | $94,820 |
| Grants payable | $0 |
| Deferred revenue | $913,583 |
| 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 | $1,008,403 |
| Net assets without donor restrictions | $1,033,463 |
| 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 | $2,041,866 |
Grants Awarded
Over the last fiscal year, Community Economics Inc has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA COALITION FOR RURAL HOUSING PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $10,000 |
EAST BAY HOUSING ORGANIZATIONS PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $5,000 |
HOUSING CALIFORNIA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $20,000 |
NON-PROFIT HOUSING ASSOCIATION OF NORTHERN CALIFORNIA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $25,000 |