Abode Housing Development
- Assets
- $44.3m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 94-3205085
Organization Overview
Abode Housing Development is located in Fremont, CA. The organization was established in 1994. 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. Abode Housing Development 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, Abode Housing Development generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 26.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND PROVIDE AFFORDABLE HOUSING OR LOW-INCOME AND SPECIAL NEEDS HOUSEHOLDS.
Describe the Organization's Program Activity:
ASSIST SUBSTANTIALLY HOMELESS, IMPOVERISHED AND/OR SPECIAL NEEDS INDIVIDUALS AND FAMILIES WITHIN THE SAN FRANCISCO BAY AREA WITH OBTAINING ADEQUATE AND AFFORDABLE HOUSING ACCOMMODATIONS.
DEVELOP AND REHABILITATE PERMANENT AFFORDABLE HOUSING UNITS TO SERVE LOW-INCOME AND/OR SPECIAL NEEDS INDIVIDUALS AND FAMILIES WITHIN THE SAN FRANCISCO BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarrah Henrie President | OfficerTrustee | 2 | $0 |
Tejas Saraiya Vice President | OfficerTrustee | 2 | $0 |
Brian Gin Vice President | OfficerTrustee | 2 | $0 |
Darrian White Secretary | OfficerTrustee | 2 | $0 |
John Lee Treasurer | OfficerTrustee | 2 | $0 |
Rohit Angle Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bbi Construction General Contractor - Construction Servic | 6/29/22 | $3,028,839 |
Abode Services Staffing Services And Other Expenses | 6/29/22 | $2,500,917 |
Glo Architecture Architectural Services | 6/29/22 | $603,675 |
Tactical Advanced Group Inc Security Services | 6/29/22 | $444,244 |
Hkit Architects Architectural Services | 6/29/22 | $256,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,778,115 |
| Government grants | $885,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,823,306 |
| Total Program Service Revenue | $4,882,661 |
| Investment income | $8,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,925 |
| 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 | $7,841,164 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,902,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $221,459 |
| Payroll taxes | $119,246 |
| Fees for services: Management | $443,624 |
| Fees for services: Legal | $20,456 |
| Fees for services: Accounting | $113,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $882,617 |
| Advertising and promotion | $0 |
| Office expenses | $174,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,012,236 |
| Travel | $13,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $411,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319,209 |
| Insurance | $104,594 |
| All other expenses | $0 |
| Total functional expenses | $5,946,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,198,542 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,091 |
| Accounts receivable, net | $13,955,673 |
| 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 | $41,176 |
| Net Land, buildings, and equipment | $18,166,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,267,667 |
| Intangible assets | $0 |
| Other assets | $4,666,693 |
| Total assets | $44,324,114 |
| Accounts payable and accrued expenses | $3,559,769 |
| Grants payable | $0 |
| Deferred revenue | $215,469 |
| 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 | $21,558,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,088,799 |
| Total liabilities | $27,422,971 |
| Net assets without donor restrictions | $10,901,143 |
| Net assets with donor restrictions | $6,000,000 |
| 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 | $44,324,114 |