Century Housing Corporation

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edgewood Partners Insurance
Insurnace
$174,414
Novogradac & Company Llp
Accounting, Assurance
$120,800
View All Vendors

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

Grants Awarded

Over the last fiscal year, Century Housing Corporation has awarded $35,000 in support to 2 organizations.

Grant RecipientAmount

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
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Century Housing Corporation has recieved totaling $31,000.

Awarding OrganizationAmount
U S Green Building Council Inc

Washington, DC

PURPOSE: AFFORDABLE GREEN ND GRANT

$31,000
View Grant Recipient Profile

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