Keller Housing Initiatives Inc
- Assets
- $5.8m
- Revenue
- $170.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 94-3247917
Organization Overview
Keller Housing Initiatives Inc is located in Oakland, CA. The organization was established in 1997. 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. Keller Housing Initiatives 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 12/2023, Keller Housing Initiatives Inc generated $170.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $938.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS THE GENERAL PARTNER FOR KELLER HOUSING ASSOCIATES, L. P. WHICH OWNS AND OPERATES AFFORDABLE HOUSING APARTMENT DEVELOPMENTS IN OAKLAND, CA. THE ORGANIZATION EARNS A PARTNERSHIP MANAGEMENT FEE AS COMPENSATION FOR MANAGING THE ACTIVITIES OF KHA. THE PARTNERSHIP MANAGEMENT FEE AMOUNTS TO $20,000 ANNUALLY SUBJECT TO 3% ANNUAL INCREASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wells President | 0.3 | $0 | |
Roy Schweyer Vice President | 0.3 | $0 | |
Bernard Deasy Treasurer | 0.3 | $0 | |
Carla Dartis Secretary | 0.3 | $0 | |
Harold Davis Director | 0.3 | $0 | |
Don Falk Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,039 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $156,394 |
| Total Revenue | $170,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,058 |
| Printing and publications | $0 |
| Other expenses | $917,221 |
| Total operating and administrative expenses | $938,283 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $938,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,551 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $26,879 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $4,368,850 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,051,224 |
| Total assets | $5,816,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $341,082 |
| Total liabilities | $341,082 |