Century Housing Corporation
- Assets
- $476.4m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 90
- Location
- Culver City, CA
- Founding
- 02/1996
- Data as of
- 12/2019
- EIN
- 95-4540326
Organization Overview
Century Housing Corporation is located in Culver City, CA. The organization was established in 1996. 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. As of 12/2019, Century Housing Corporation employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Century Housing Corporation generated $38.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $18.9m during the year ending 12/2019. While expenses have increased by 12.6% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
CENTURY HOUSING INVESTS IN HOMES FOR LOW INCOME INDIVIDUALS AND FAMILIES, INCLUDING VETERANS AND THE HOMELESS SO THEY MAY HAVE A DIGNIFIED LIVING ENVIRONMENT AND ACHIEVE ECONOMIC INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE RENTAL HOUSING PROPERTY EXPENSES:CENTURY HOUSING OWNS AND MANAGES HOUSING UNITS FOR THE BENEFIT OF LOW-TO-MODERATE INCOME HOUSEHOLDS. RENTAL RATES ARE BASED ON INCOME.LENDING EXPENSES: CENTURY PROVIDES LENDING PRODUCTS FOR ACQUISITION AND REHABILITATION, NEW CONSTRUCTION AND PERMANENT FINANCING OF AFFORDABLE HOUSING THROUGHOUT THE STATE OF CALIFORNIA, BUT PRIMARILY IN SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Griffith President | Officer | 38 | $498,247 |
Alan R Hoffman Chief Financial Officer | Officer | 40 | $341,145 |
Brian Nicholas Dandrea Senior Vice President, Hou | Officer | 1 | $302,101 |
Joshua David Hamilton Senior Vice President, Len | Officer | 40 | $290,789 |
Steven A Colman Executive Director Cvc | Officer | 0 | $237,229 |
Oscar Alvarado Director Of Development | Officer | 0 | $236,928 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Partners Insurance Insurnace | 12/30/19 | $174,414 |
Novogradac & Company Llp Accounting, Assurance | 12/30/19 | $120,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,200,000 |
| 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 | $8,200,000 |
| Total Program Service Revenue | $27,467,595 |
| Investment income | $2,173,521 |
| 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 | $38,115,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,630 |
| 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. | $3,948,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $426,397 |
| Pension plan accruals and contributions | $557,683 |
| Other employee benefits | $238,521 |
| Payroll taxes | $657,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,859 |
| Fees for services: Accounting | $84,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,464 |
| Fees for services: Other | $106,709 |
| Advertising and promotion | $246,547 |
| Office expenses | $391,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,019 |
| Travel | $91,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,374 |
| Interest | $10,030,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,992 |
| Insurance | $140,508 |
| All other expenses | $24,319 |
| Total functional expenses | $18,919,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,575,083 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $322,382,587 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,260 |
| Net Land, buildings, and equipment | $6,724,918 |
| Investments—publicly traded securities | $114,007,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,144,805 |
| Total assets | $476,421,322 |
| Accounts payable and accrued expenses | $1,859,950 |
| 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 | $147,729,675 |
| Unsecured mortgages and notes payable | $99,400,035 |
| Other liabilities | $2,358,112 |
| Total liabilities | $251,347,772 |
| Net assets without donor restrictions | $209,687,050 |
| Net assets with donor restrictions | $15,386,500 |
| 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 | $476,421,322 |
Grants Awarded
Over the last fiscal year, Century Housing Corporation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING NOW PURPOSE: TO HELP SUPPORT THE PROGRAM'S MISSION. | $25,000 |
Pacific Palisades, CA PURPOSE: TO HELP SUPPORT THE PROGRAM'S MISSION. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Century Housing Corporation has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
U S Green Building Council Inc Washington, DC PURPOSE: AFFORDABLE GREEN ND GRANT | $31,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Affordable Housing Assistance Corporation Salem, OR | $54,990,770 | $38,066,012 |
National Community Renaissance Of California Rancho Cucamonga, CA | $136,225,161 | $33,844,887 |
Bridge Housing Corporation San Francisco, CA | $122,399,357 | $47,869,857 |
Habitat For Humanity International Inc Bellflower, CA | $34,975,707 | $34,352,890 |
Millennium Housing Corporation Costa Mesa, CA | $185,990,606 | $29,853,429 |
Chinatown Community Development Center Inc San Francisco, CA | $90,991,408 | $21,994,805 |
Caritas Corporation Irvine, CA | $167,212,659 | $20,394,582 |
Habitat For Humanity International Inc Oakland, CA | $49,423,955 | $25,654,154 |
Self Help Enterprises Visalia, CA | $96,577,543 | $23,669,872 |
Don Avante Family Homes Inc San Rafael, CA | $0 | $387,579 |
Linc Community Development Corporation Long Beach, CA | $29,296,850 | $5,328,472 |
California Community Reinvestment Corporation Glendale, CA | $213,955,066 | $20,094,919 |