Eden Housing Inc
- Assets
- $420.1m
- Revenue
- $91.0m
- Investments
- $0.0
- Employees
- 194
- Location
- Hayward, CA
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 23-1716750
Organization Overview
Eden Housing Inc is located in Hayward, CA. The organization was established in 1986. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Eden Housing Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden 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 12/2021, Eden Housing Inc generated $91.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $27.5m during the year ending 12/2021. While expenses have increased by 6.6% 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.
Since 2015, Eden Housing Inc has awarded 101 individual grants totaling $40,452,239. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDEN HOUSING, INC. CREATES AND SUSTAINS HIGH-QUALITY AFFORDABLE HOUSING COMMUNITIES THAT ADVANCE EQUITY AND OPPORTUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDEN HOUSING HAS DEVELOPED OR ACQUIRED 11,937 AFFORDABLE HOMES FOR LOW-INCOME INDIVIDUALS AND FAMILIES, AND CURRENTLY OWNS 153 PROPERTIES THROUGHOUT CALIFORNIA. IN 2021, WE DEVELOPED 202 NEW HOUSING UNITS AND REHABILITATED 220 UNITS. WE ALSO SECURED FINANCING AND CLOSED CONSTRUCTION ON 3 PROJECTS (248 UNITS), SECURED ENTITLEMENTS FOR 5 PROJECTS (521 UNITS) AND IDENTIFIED 9 NEW PROJECTS (783 UNITS). WE ARE DOING OUR PART TO TACKLE THE HOUSING CRISIS IN CALIFORNIA-CURRENTLY SERVING MORE THAN 22,000 LOW-INCOME RESIDENTS FROM ALL BACKGROUNDS AND CULTURES WITH A WAIT LIST OF 30,000 HOUSEHOLDS LOOKING FOR AN AFFORDABLE HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mandolini President | Officer | 0.1 | $572,360 |
Tatiana Blank CFO | Officer | 0.1 | $409,846 |
D Kasey Archey Senior Vp-Property Operations | Officer | 55 | $368,880 |
Andrea Osgood Sr VP Development | Officer | 55 | $347,534 |
Meg-Monique Roe Chief Of Strategy & Capability | Officer | 40 | $328,479 |
Kevin Leichner VP Of Real Estate Development | Officer | 55 | $317,491 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Van Meter Williams Pollack Llp Consulting | 12/30/21 | $246,324 |
Debra Mcknight Higgins Consulting | 12/30/21 | $193,700 |
Luk And Associates Consulting | 12/30/21 | $104,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $54,036,692 |
| Government grants | $2,697,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,934,744 |
| Noncash contributions included in lines 1a–1f | $49,303,449 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,668,698 |
| Total Program Service Revenue | $29,260,445 |
| Investment income | $3,061,166 |
| 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 | $90,990,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,631,937 |
| Grants and other assistance to domestic individuals. | $186,819 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,872,723 |
| Compensation of current officers, directors, key employees. | $1,233,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,677,235 |
| Pension plan accruals and contributions | $340,363 |
| Other employee benefits | $852,662 |
| Payroll taxes | $669,265 |
| Fees for services: Management | $173,628 |
| Fees for services: Legal | $244,806 |
| Fees for services: Accounting | $191,443 |
| Fees for services: Lobbying | $74,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,014,695 |
| Advertising and promotion | $0 |
| Office expenses | $620,285 |
| Information technology | $404,239 |
| Royalties | $0 |
| Occupancy | $410,743 |
| Travel | $34,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,003 |
| Interest | $588,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,205,561 |
| Insurance | $18,479 |
| All other expenses | $0 |
| Total functional expenses | $27,537,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,612,411 |
| Savings and temporary cash investments | $32,133,601 |
| Pledges and grants receivable | $235,009 |
| Accounts receivable, net | $69,239,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $240,966,953 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $128,209 |
| Net Land, buildings, and equipment | $14,455,413 |
| Investments—publicly traded securities | $46,431,098 |
| Investments—other securities | $0 |
| Investments—program-related | -$169,195 |
| Intangible assets | $0 |
| Other assets | $10,026,577 |
| Total assets | $420,059,670 |
| Accounts payable and accrued expenses | $7,510,829 |
| Grants payable | $0 |
| Deferred revenue | $42,595 |
| 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 | $19,058,831 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,332,793 |
| Total liabilities | $27,945,048 |
| Net assets without donor restrictions | $392,114,622 |
| Net assets with donor restrictions | $0 |
| 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 | $420,059,670 |
Grants Awarded
Over the last fiscal year, Eden Housing Inc has awarded $8,456,204 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GOTTA HAVE FAITH PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $4,000,645 |
Hayward, CA PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $3,400,000 |
Hayward, CA PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $500,000 |
Hayward, CA PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $177,495 |
Hayward, CA PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $157,563 |
LIGHT TREE HOUSING CORPORATION PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $153,493 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Eden Housing Inc has recieved totaling $123,448.
| Awarding Organization | Amount |
|---|---|
The Housing Partnership Network Inc Boston, MA PURPOSE: RESIDENT SERVICES SUPPORT, COUNSELING OUTREACH & INCENTIVES | $76,650 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,690 |
Marcus & Millichap Foundation Palo Alto, CA PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |