Pep Housing
- Assets
- $23.4m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 57
- Location
- Santa Rosa, CA
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 94-2565270
Organization Overview
Pep Housing is located in Santa Rosa, CA. The organization was established in 1979. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Pep Housing employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pep 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 12/2023, Pep Housing generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 8 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
PEP HOUSING, A NONPROFIT ORGANIZATION, DEVELOPS AND MANAGES QUALITY AFFORDABLE HOUSING AND PROVIDES SUPPORTIVE SERVICES FOR OLDER ADULTS WITH LIMITED INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SERVES AS A GENERAL PARTNER OR LIMITED PARTNER IN FOUR LIMITED PARTNERSHIPS WHICH PROVIDE A TOTAL OF 156 TOTAL UNITS OF LOW-INCOME HOUSING LOCATED IN PETALUMA AND KENTFIELD, CALIFORNIA. THE CORPORATION ALSO SERVES AS THE SOLE OWNER OF ONE LIMITED LIABILITY COMPANY WHICH PROVIDES 49 UNITS OF LOW-INCOME HOUSING LOCATED IN SANTA ROSA, CA AND THE SOLE OWNER OF TWO OTHER LIMITED LIABILITY COMPANIES WHICH WILL SERVE AS A GENERAL PARTNER OF LIMITED PARTNERSHIPS THAT WILL PROVIDE LOW-INCOME HOUSING.
DIRECTLY OWNS AND OPERATES 7 BUILDINGS, COMPRISING OF 85 UNITS OF LOW-INCOME HOUSING FOR SENIOR CITIZENS AND PERSONS WITH DISABILITIES IN PETALUMA, CALIFORNIA.
PROPERTY MANAGEMENT OF ASSISTED HOUSING FOR LOW-INCOME SENIOR CITIZENS AND PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Stompe Former Exec Dir | Officer | 40 | $151,176 |
Jim Wallen Dir. Of Hsg Dev | 40 | $134,981 | |
Dominic Roybal Dir Of Prop Mgmt | 40 | $132,760 | |
Kerrily Beaton Dir Of Compliance | 40 | $113,456 | |
Sharon Patchin-Redman Dir Of Humn Rsc | 40 | $114,597 | |
Pamela Lemos Dir Of Maintenance | 40 | $100,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,667 |
| Related organizations | $83,378 |
| Government grants | $2,549,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,530,253 |
| Total Program Service Revenue | $2,662,548 |
| Investment income | $390,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,565,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,204 |
| 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. | $357,284 |
| Compensation of current officers, directors, key employees. | $32,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,076 |
| Pension plan accruals and contributions | $19,418 |
| Other employee benefits | $158,410 |
| Payroll taxes | $145,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,645 |
| Fees for services: Accounting | $43,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,186 |
| Advertising and promotion | $98,655 |
| Office expenses | $93,613 |
| Information technology | $109,207 |
| Royalties | $0 |
| Occupancy | $1,122,577 |
| Travel | $7,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,697 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,750 |
| Insurance | $0 |
| All other expenses | $14,546 |
| Total functional expenses | $6,461,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,197 |
| Savings and temporary cash investments | $4,476,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,615,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,247 |
| Net Land, buildings, and equipment | $9,830,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$629,293 |
| Intangible assets | $0 |
| Other assets | $5,111,962 |
| Total assets | $23,359,623 |
| Accounts payable and accrued expenses | $2,071,028 |
| 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 | $9,198,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,089 |
| Total liabilities | $11,331,578 |
| Net assets without donor restrictions | $11,467,068 |
| Net assets with donor restrictions | $560,977 |
| 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 | $23,359,623 |
Grants Awarded
Over the last fiscal year, Pep Housing has awarded $77,219 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
579 VALLEJO STREET ASSOCIATES PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $11,370 |
575 VALLEJO STREET ASSOCIATES PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $14,468 |
CAULFIELD LANE SENIOR HSG INC PURPOSE: GENERAL SUPPORT | $26,393 |
EDITH STREET APARTMENTS INC PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $9,300 |
RICHARD LIEB SENIOR APTS INC PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $9,197 |
TOUSSIN SENIOR APARTMENTS LP PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $6,491 |