Resident Owned Parks Inc
- Assets
- $16.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Sacramento, CA
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 30-0053792
Organization Overview
Resident Owned Parks Inc is located in Sacramento, CA. The organization was established in 2010. 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, Resident Owned Parks Inc employed 33 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Resident Owned Parks 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, Resident Owned Parks Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 4 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 PRESERVE AFFORDABLE HOUSING, INCLUDING THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE MOBILEHOME PARK AND MANUFACTURED HOUSING COMMUNITY LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AFFORDABLE HOUSING, INCLUDING THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE MOBILEHOME PARK AND MANUFACTURED HOUSING COMMUNITY LIVING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice A Priest President | OfficerTrustee | 55 | $160,000 |
Diane Priest Sec/treasurer | OfficerTrustee | 60 | $115,146 |
John Tennyson Director | Trustee | 2 | $0 |
Steve Clute Director | Trustee | 2 | $0 |
Dan Hauser Director | Trustee | 2 | $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 | $283,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,918 |
| Total Program Service Revenue | $3,291,284 |
| Investment income | $139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,545,544 |
| 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. | $276,981 |
| Compensation of current officers, directors, key employees. | $55,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,052 |
| Payroll taxes | $42,775 |
| Fees for services: Management | $173,463 |
| Fees for services: Legal | $6,648 |
| Fees for services: Accounting | $103,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,888 |
| Advertising and promotion | $1,535 |
| Office expenses | $0 |
| Information technology | $5,779 |
| Royalties | $0 |
| Occupancy | $41,098 |
| Travel | $6,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $606,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $427,109 |
| Insurance | $76,680 |
| All other expenses | $86,747 |
| Total functional expenses | $3,272,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597,067 |
| Savings and temporary cash investments | $836,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $518,393 |
| Loans from Officers, Directors, or Controlling Persons | $128,939 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,515 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,932 |
| Net Land, buildings, and equipment | $13,447,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,363 |
| Intangible assets | $76,205 |
| Other assets | $0 |
| Total assets | $16,648,405 |
| Accounts payable and accrued expenses | $247,008 |
| Grants payable | $0 |
| Deferred revenue | $129,919 |
| Tax-exempt bond liabilities | $652,392 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,022,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,163,008 |
| Total liabilities | $16,214,847 |
| Net assets without donor restrictions | $345,192 |
| Net assets with donor restrictions | $88,366 |
| 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 | $16,648,405 |
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Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |