Bhs Community Development Corporation
- Assets
- $6.2m
- Revenue
- $368.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-3188804
Organization Overview
Bhs Community Development Corporation is located in Long Beach, CA. The organization was established in 2009. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, 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. Bhs Community Development Corporation 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 06/2022, Bhs Community Development Corporation generated $368.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $416.1k during the year ending 06/2022. While expenses have increased by 10.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE JOB GROWTH UNDERSERVED AREAS THROUGH STABLE HOUSING, JOB TRAINING, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE AWARENESS AND SUPPORT COMMUNITY INVOLVEMENT IN DEVELOPMENT AND REDEVELOPMENT ACTIVITIES AND TO FACILITATE JOB GROWTH IN UNDERSERVED AREAS THROUGH STABLE HOUSING, JOB TRAINING, AND EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Summers President/ceo | OfficerTrustee | 0.5 | $0 |
Keith Kennedy Chair | OfficerTrustee | 2 | $0 |
David Gascon Board Member | Trustee | 2 | $0 |
Todd Turley CFO | Officer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| 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 | $50,000 |
| Total Program Service Revenue | $318,250 |
| Investment income | $0 |
| 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 | $368,250 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,641 |
| 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 | $324,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,880 |
| Insurance | $13,257 |
| All other expenses | $5,754 |
| Total functional expenses | $416,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,093,976 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $309,869 |
| Net Land, buildings, and equipment | $2,449,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,184,584 |
| Accounts payable and accrued expenses | $158,673 |
| 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 | $4,869,611 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,475,825 |
| Total liabilities | $6,504,109 |
| Net assets without donor restrictions | $0 |
| 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 | -$319,525 |
| Total liabilities and net assets/fund balances | $6,184,584 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glennwood Housing Foundation Laguna Beach, CA | $10,112,053 | $3,068,722 |
Belong Art Community Portland, OR | $339,249 | $351,874 |
Bhs Community Development Corporation Long Beach, CA | $6,184,584 | $368,250 |
Concord Residential Club Inc Concord, CA | $1,415,001 | $499,177 |
Ivy Glen Housing Corporation Glendale, CA | $742,780 | $271,661 |
Peaceful Living Homes Pasadena, CA | $527 | $190,206 |
Resiliency Village Souslbyville, CA | $951,465 | $353,319 |
Village At Oasis Park - Phase Ii Inc Mesa, AZ | $1,966,420 | $136,513 |
River City Residential Club Inc Long Beach, CA | $332,714 | $190,076 |
Big Wave Group El Granada, CA | $11,202,573 | $2,334,440 |
Alpine East Inc Portland, OR | $482,969 | $107,052 |
Joshua Tree Apartments Inc Bakersfield, CA | $582,012 | $141,617 |
Great Expectations Housing Corporation Reseda, CA | $495,018 | $88,621 |
Down Syndrome Rocks Villa Park, CA | $18,147 | $0 |
Newburg Retirement Center Inc Fortuna, CA | $856,219 | -$10,332 |