Senior Affordable Housing Corp No 2

Organization Overview

Senior Affordable Housing Corp No 2, operating under the name Clark Terrace Ii, is located in Duarte, CA. The organization was established in 2000. 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. Clark Terrace Ii 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 09/2021, Clark Terrace Ii generated $427.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $491.8k during the year ending 09/2021. While expenses have increased by 0.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW-COST RENTAL HOUSING FOR THE ELDERLY, INCLUDING RELATED FACILITIES AND SERVICES, WHICH ARE SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE AGED AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES LOW INCOME RETIREMENT HOUSING IN ASSOCIATION WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.


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Board, Officers & Key Employees

Name (title)Compensation
H Declan Brown
Secretary
$0
Randall L Stamper
Chair
$0
Al Kelley
Vice Chair
$0
John H Cochrane III
Chief Executive Officer
$0
Daniel Ogus
Chief Operating Officer
$0
Fleming Meng
Chief Information Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $249,901
All other contributions, gifts, grants, and similar amounts not included above$17,317
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$267,218
Total Program Service Revenue$159,122
Investment income $254
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 $427,252

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Senior Affordable Housing Corp No 2 has recieved totaling $300.

Awarding OrganizationAmount
Humangood Foundation South

Duarte, CA

PURPOSE: SUPPORT PROGRAMS AND SERVICES

$300
View Grant Recipient Profile

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