Eden South Bay Inc
- Assets
- $14.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Hayward, CA
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 94-3166350
Organization Overview
Eden South Bay Inc is located in Hayward, CA. The organization was established in 1993. 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 South Bay 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 12/2021, Eden South Bay Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS MANAGING GENERAL PARTNER OF VARIOUS PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS MANAGING GENERAL PARTNER OF VARIOUS PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Newmyer Senior Project Developer | 5 | $128,146 | |
Timothy Reilly Treasurer/director | OfficerTrustee | 0.1 | $0 |
Doug Kuerschner Chair/director | OfficerTrustee | 0.1 | $0 |
John Gaffney Secretary/director | OfficerTrustee | 0.1 | $0 |
Joe Postigo Vice Chair/director | OfficerTrustee | 0.1 | $0 |
Linda Mandolini President | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $483,559 |
| 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 | $483,559 |
| Total Program Service Revenue | $1,112,251 |
| Investment income | $7,693 |
| 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 | $1,603,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,107 |
| 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 | $153,464 |
| Pension plan accruals and contributions | $10,410 |
| Other employee benefits | $32,468 |
| Payroll taxes | $20,648 |
| Fees for services: Management | $234,017 |
| Fees for services: Legal | $3,869 |
| Fees for services: Accounting | $71,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,741 |
| Advertising and promotion | $0 |
| Office expenses | $27,439 |
| Information technology | $10,636 |
| Royalties | $0 |
| Occupancy | $474,427 |
| Travel | $396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,435 |
| Insurance | $1,189 |
| All other expenses | $18,891 |
| Total functional expenses | $1,815,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,692 |
| 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 | $10,300 |
| Net Land, buildings, and equipment | $9,383,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $471,640 |
| Intangible assets | $0 |
| Other assets | $4,428,076 |
| Total assets | $14,561,809 |
| Accounts payable and accrued expenses | $90,932 |
| Grants payable | $0 |
| Deferred revenue | $74,551 |
| 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 | $12,916,257 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,418,690 |
| Total liabilities | $14,500,430 |
| Net assets without donor restrictions | $61,379 |
| 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 | $14,561,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eden South Bay Inc has recieved totaling $157,563.
| Awarding Organization | Amount |
|---|---|
Eden Housing Inc Hayward, CA PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $157,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |