Clifford Beers Housing Inc
- Assets
- $53.6m
- Revenue
- $35.6m
- Investments
- $0.0
- Employees
- 20
- Location
- North Hollywood, CA
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 95-4485263
Organization Overview
Clifford Beers Housing Inc is located in North Hollywood, CA. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Clifford Beers Housing Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clifford Beers Housing 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, Clifford Beers Housing Inc generated $35.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.9% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 14.0% 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
DEVELOPING AND OPERATING AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES, INCLUDING PERSONS WITH MENTAL ILLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND OPERATING AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES, INCLUDING PERSONS WITH MENTAL ILLNESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristian Ahumada Executive Director | 40 | $181,099 | |
Audrey Peterson Housing Director | 40 | $114,525 | |
Logan O'phelan Operations Manager | 40 | $105,739 | |
Mark Rasmussen President | OfficerTrustee | 2 | $0 |
Marie Rumsey Director | Trustee | 0.5 | $0 |
Lisa Priestley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,363,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,523,488 |
| Total Program Service Revenue | $4,992,993 |
| Investment income | $75,503 |
| 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 | $35,591,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $907,489 |
| 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. | $457,577 |
| Compensation of current officers, directors, key employees. | $135,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,142,753 |
| Pension plan accruals and contributions | $40,332 |
| Other employee benefits | $91,195 |
| Payroll taxes | $119,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,915 |
| Advertising and promotion | $78,707 |
| Office expenses | $33,396 |
| Information technology | $63,215 |
| Royalties | $0 |
| Occupancy | $35,550 |
| Travel | $27,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,235 |
| Insurance | $24,121 |
| All other expenses | $38,674 |
| Total functional expenses | $3,827,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,404,771 |
| Pledges and grants receivable | $326,632 |
| Accounts receivable, net | $4,275,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $795,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,505 |
| Net Land, buildings, and equipment | $1,397,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,581 |
| Other assets | $40,310,230 |
| Total assets | $53,582,663 |
| Accounts payable and accrued expenses | $295,267 |
| Grants payable | $0 |
| Deferred revenue | $222,000 |
| 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 | $7,109,519 |
| Unsecured mortgages and notes payable | $750,000 |
| Other liabilities | $8,517,321 |
| Total liabilities | $16,894,107 |
| Net assets without donor restrictions | $36,125,709 |
| Net assets with donor restrictions | $562,847 |
| 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 | $53,582,663 |
Grants Awarded
Over the last fiscal year, Clifford Beers Housing Inc has awarded $907,489 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STEPS AT ST ANDREWS PURPOSE: HOUSING DEVELOPMENT | $50,000 |
ISLA DE LOS ANGELES LP PURPOSE: HOUSING DEVELOPMENT | $857,489 |