Alameda Affordable Housing Corporation
- Assets
- $25.1m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 01/2018
- Data as of
- 06/2022
- EIN
- 30-1010896
Organization Overview
Alameda Affordable Housing Corporation is located in Alameda, CA. The organization was established in 2018. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Alameda Affordable Housing 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, Alameda Affordable Housing Corporation generated $13.7m in total revenue. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 111.0% per year over the past 5 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
LOW INCOME HOUSING, SEE PAGE 2 FOR FURTHER EXPLANATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND MANAGE AFFORDABLE HOUSING. ALAMEDA AFFORDABLE HOUSING CORPORATION ("AAHC") AND MANAGES AFFORDABLE HOUSING. ADDITIONALLY, ALAMEDA AFFORDABLE HOUSING TRUST FUND IS A COMPONENT OF AAHC.
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 |
|---|---|---|---|
Kenji Tamaoki Vice President | OfficerTrustee | 1 | $0 |
Carly Grob President | Trustee | 1 | $0 |
Bachir Hadid Director | Trustee | 1 | $0 |
Stuart Rickard Director | Trustee | 1 | $0 |
Sandra Kay Director | Trustee | 1 | $0 |
Vadim Sidelnikov Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,672,605 |
| 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 | $9,672,605 |
| Total Program Service Revenue | $3,653,504 |
| Investment income | $11,895 |
| 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 | $13,720,502 |
| 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 | $2,609,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $820,231 |
| Payroll taxes | $0 |
| Fees for services: Management | $273,753 |
| Fees for services: Legal | $447,969 |
| Fees for services: Accounting | $47,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,605,008 |
| Advertising and promotion | $0 |
| Office expenses | $607,646 |
| 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 | $12,802 |
| Interest | $993,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,437,408 |
| Insurance | $409,748 |
| All other expenses | $0 |
| Total functional expenses | $11,015,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,431,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $542,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $233,485 |
| Net Land, buildings, and equipment | $17,715,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,146,126 |
| Total assets | $25,068,963 |
| Accounts payable and accrued expenses | $633,863 |
| Grants payable | $0 |
| Deferred revenue | $122,338 |
| 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 | $66,759,353 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,441,411 |
| Total liabilities | $68,956,965 |
| Net assets without donor restrictions | -$43,988,002 |
| Net assets with donor restrictions | $100,000 |
| 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 | $25,068,963 |