Washburn Housing Corporation
- Assets
- $832.9k
- Revenue
- $653.9k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/1995
- Data as of
- 06/2022
- EIN
- 94-3129468
Organization Overview
Washburn Housing Corporation is located in San Francisco, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washburn Housing Corporation 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, Washburn Housing Corporation generated $653.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $654.6k during the year ending 06/2022. While expenses have increased by 4.2% 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 LOW-INCOME HOUSING TO MENTALLY ILL AND HOMELESS CLIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-INCOME HOUSING TO MENTALLY ILL AND HOMELESS CLIENTS AT THE WASHBURN HOTEL LOCATED IN SAN FRANCISCO, CALIFORNIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Raheem Board Member | Trustee | 0.5 | $0 |
Ben Moerman Secretary | OfficerTrustee | 0.5 | $0 |
Dayton Thorpe Board Member | Trustee | 0.5 | $0 |
Eddie Rodriguez Board Member | Trustee | 0.5 | $0 |
Emma Yang Treasurer | OfficerTrustee | 0.5 | $0 |
Saba Rehmani Vice Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $535,431 |
| 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 | $535,431 |
| Total Program Service Revenue | $90,458 |
| Investment income | $21 |
| 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 | $653,850 |
| 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. | $222,393 |
| Compensation of current officers, directors, key employees. | $104,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,407 |
| Payroll taxes | $24,970 |
| Fees for services: Management | $35,628 |
| Fees for services: Legal | $22,154 |
| Fees for services: Accounting | $18,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,606 |
| Advertising and promotion | $0 |
| Office expenses | $26,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,401 |
| Travel | $1,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,831 |
| Insurance | $8,602 |
| All other expenses | $195 |
| Total functional expenses | $654,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,508 |
| 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 | $0 |
| Net Land, buildings, and equipment | $559,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,579 |
| Total assets | $832,868 |
| Accounts payable and accrued expenses | $9,933 |
| 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 | $707,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $285,880 |
| Total liabilities | $1,003,094 |
| Net assets without donor restrictions | -$170,226 |
| 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 | $832,868 |