Abode Communities
- Assets
- $48.4m
- Revenue
- $18.1m
- Investments
- $0.0
- Employees
- 187
- Location
- Los Angeles, CA
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 95-6377511
Organization Overview
Abode Communities is located in Los Angeles, CA. The organization was established in 1972. 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 12/2021, Abode Communities employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abode Communities 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 12/2021, Abode Communities generated $18.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $17.3m during the year ending 12/2021. While expenses have increased by 13.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING AND SOCIALLY BENEFICIAL COMMUNITY FACILITIES THAT PROMOTE SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING DESIGN AND ARCHITECTURAL SERVICES
AFFORDABLE HOUSING MANAGEMENT
AFFORDABLE HOUSING DEVELOPMENT
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Hughes President & CEO | Officer | 40.8 | $323,876 |
Holly Benson Executive VP & COO | Officer | 40.8 | $244,910 |
Rick Saperstein Executive VP & CFO | Officer | 40.8 | $242,629 |
Lara Regus Senior Vice President | Officer | 42.2 | $195,884 |
Giuseppe Aliano Senior Vice President | Officer | 43 | $185,375 |
Sara Tsay Vice President | Officer | 43 | $175,915 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steven Fader Architectural Design Consulting | 12/30/21 | $167,109 |
Mosaic Urban Development Llc Architectural Design Consulting | 12/30/21 | $161,826 |
Van Meter Williams Pollack Llp Architectural Design Consulting | 12/30/21 | $273,291 |
A3k Consulting Llc Business Consulting | 12/30/21 | $142,603 |
Da Collective Co Architectural Design Consulting | 12/30/21 | $720,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,600,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $974,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,574,315 |
| Total Program Service Revenue | $14,792,820 |
| Investment income | $563,581 |
| 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 | $18,096,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,150 |
| 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. | $2,846,726 |
| Compensation of current officers, directors, key employees. | $244,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,445,811 |
| Pension plan accruals and contributions | $136,406 |
| Other employee benefits | $268,958 |
| Payroll taxes | $511,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,083 |
| Fees for services: Accounting | $94,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,379,236 |
| Advertising and promotion | $0 |
| Office expenses | $497,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $605,817 |
| Travel | $22,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $529,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,607 |
| Insurance | $262,362 |
| All other expenses | $85,874 |
| Total functional expenses | $17,347,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,829,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $222,143 |
| Accounts receivable, net | $4,642,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,842,331 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $473,012 |
| Net Land, buildings, and equipment | $777,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,633,631 |
| Total assets | $48,420,643 |
| Accounts payable and accrued expenses | $1,347,204 |
| Grants payable | $0 |
| Deferred revenue | $6,661,041 |
| 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 | $14,511,247 |
| Unsecured mortgages and notes payable | $2,300,000 |
| Other liabilities | $0 |
| Total liabilities | $24,819,492 |
| Net assets without donor restrictions | $22,852,099 |
| Net assets with donor restrictions | $749,052 |
| 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 | $48,420,643 |
Grants Awarded
Over the last fiscal year, Abode Communities has awarded $87,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $50,000 |
Los Angeles, CA PURPOSE: DONOR ADVISED FUND | $37,150 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Abode Communities has recieved totaling $460,536.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: TO SUPPORT THE BEYOND HOMES RESIDENT SERVICES PROGRAM | $80,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $40,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |
Jamboree Housing Corporation Irvine, CA | $221,855,825 | $24,784,050 |
Single Room Occupancy Housing Corp Los Angeles, CA | $62,333,693 | $24,140,740 |