Japanese American Religious Federation Housing Inc
- Assets
- $18.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/1972
- Data as of
- 12/2022
- EIN
- 23-7089337
Organization Overview
Japanese American Religious Federation Housing Inc is located in San Francisco, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japanese American Religious Federation 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, Japanese American Religious Federation Housing Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 8 years. 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
TO SUPPORT THE CHARITABLE PURPOSES OF JAPANESE AMERICAN RELIGIOUS FEDERATION OF SAN FRANCISCO, A CALIFORNIA NONPROFIT PUBLIC CHARITY CORPORATION ("JARF"), INCLUDING BY PROVIDING HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES AND OTHER LOW INCOME FAMILIES ON A NON-DISCRIMINATORY NONPROFIT BASIS. THE ORGANIZATION IS THE GENERAL PARTNER OF NIHONMACHI TERRACE LP AND ALSO SERVES AS A GENERAL PARTNER FOR VARIOUS PARTNERSHIPS THAT ARE DEVELOPING LOW INCOME HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF GRANTS IN GENERAL SUPPORT TO SAN FRANCISCO RELIGIOUS ORGANIZATIONS THAT HAVE BEEN ACTIVE IN PROMOTING AND DEVELOPING HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS AND FAMILIES.
THE CORPORATION SERVES AS A GENERAL PARTNER FOR A PARTNERSHIP WHICH PROVIDES 245 UNITS OF LOW INCOME HOUSING FOR ELDERLY, HANDICAPPED PERSONS AND FAMILIES IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS A GENERAL PARTNER FOR SIX OTHER LIMITED PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Suzuki Director | Trustee | 0.5 | $0 |
Jeff Matsuoka President | OfficerTrustee | 1 | $0 |
David Kamita Vice President | OfficerTrustee | 0.5 | $0 |
Kei Nagai Director | Trustee | 0.5 | $0 |
Will Tsukamoto Director | Trustee | 0.5 | $0 |
Rev Grace Kaori Suzuki Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $276,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $747,600 |
| 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 | $1,024,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,386 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,483 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,143 |
| Savings and temporary cash investments | $10,129,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,888,447 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $138,484 |
| Investments—publicly traded securities | $1,747,640 |
| Investments—other securities | $0 |
| Investments—program-related | $615,730 |
| Intangible assets | $0 |
| Other assets | $778,923 |
| Total assets | $18,841,326 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,496,880 |
| Total liabilities | $4,496,880 |
| Net assets without donor restrictions | $14,344,446 |
| 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 | $18,841,326 |
Grants Awarded
Over the last fiscal year, Japanese American Religious Federation Housing Inc has awarded $1,366,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BUDDHIST CHURCH OF SF PURPOSE: BUILDING IMPROVEMENTS | $170,000 |
JAPANESE AMERICAN RELIGIOUS FEDERATION OF SF PURPOSE: BUILDING IMPROVEMENTS | $50,000 |
CHRIST UNITED PRESBYERIAN CHURCH PURPOSE: BUILDING IMPROVEMENTS | $146,000 |
PINE UNITED METHODIST CHURCH PURPOSE: BUILDING IMPROVEMENTS | $250,000 |
NICHIREN HOKKE BUDDHIST CHURCH PURPOSE: BUILDING IMPROVEMENTS | $165,000 |
SOKOJI SOTO MISSION OF SF PURPOSE: BUILDING IMPROVEMENTS | $200,000 |