Eden Investments Inc
- Assets
- $86.3m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Hayward, CA
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 94-2995223
Organization Overview
Eden Investments Inc is located in Hayward, CA. The organization was established in 1988. 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. Eden Investments 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 12/2022, Eden Investments Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 8.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SERVES AS A GENERAL PARTNER FOR MULTIPLE PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME APARTMENT COMPLEXES IN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Green Assistant Secretary/director | OfficerTrustee | 0.1 | $0 |
Amy Neches Treasurer/director | OfficerTrustee | 0.1 | $0 |
Annette Billingsley Director | Trustee | 0.1 | $0 |
Calvin Whitaker Assistant Secretary/director | OfficerTrustee | 0.1 | $0 |
Candice Gonzalez O'hanlon Director | Trustee | 0.1 | $0 |
Cheryl O'connor Secretary/director | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,537,966 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,542,966 |
| Total Program Service Revenue | $3,617,680 |
| Investment income | $182,293 |
| 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 | $8,473,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,371 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,522,740 |
| Fees for services: Legal | $12,316 |
| Fees for services: Accounting | $83,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,396 |
| Advertising and promotion | $4,394 |
| Office expenses | $17,309 |
| Information technology | $3,741 |
| Royalties | $0 |
| Occupancy | $670,674 |
| Travel | $7,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,196 |
| Insurance | $375 |
| All other expenses | $31,496 |
| Total functional expenses | $11,936,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,921,832 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,296 |
| Net Land, buildings, and equipment | $46,264,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,583,396 |
| Total assets | $86,345,828 |
| Accounts payable and accrued expenses | $135,402 |
| Grants payable | $0 |
| Deferred revenue | $491,045 |
| 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 | $47,534,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,466,445 |
| Total liabilities | $115,627,048 |
| Net assets without donor restrictions | -$29,281,220 |
| 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 | $86,345,828 |
Grants Awarded
Over the last fiscal year, Eden Investments Inc has awarded $916,024 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDEN DEVELOPMENT INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $67,604 |
EDEN HOUSING INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $848,420 |