Housing Partners I Incorporated
- Assets
- $29.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 5
- Location
- San Bernardino, CA
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 33-0496692
Organization Overview
Housing Partners I Incorporated is located in San Bernardino, CA. The organization was established in 1993. 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, Housing Partners I Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Partners I Incorporated 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, Housing Partners I Incorporated generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRING, DEVELOPING, REHABILITATING, OWNING, AND MANAGING AFFORDABLE HOUSING FOR LOW-INCOME PERSONS IN VARIOUS DEVELOPMENTS WITHIN THE COUNTY OF SAN BERNARDINO, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) DEVELOPER OF 8 UNITS FOR TRANSITIONAL AGED YOUTH IN SAN BERNARDINO. ACQUIRED THE PROPERTY IN 2011.2) AWARDED $1,080,000 IN HOME FUNDS IN 2011 TO REHAB 72 SCATTERED SITE UNITS IN THE COUNTY.3) HPI ENTERED INTO A MASTER AGREEMENT ON JULY 1, 2011 WITH THE CITY OF SAN BERNARDINO'S AFFILIATE NONPROFIT, AFFORDABLE HOUSING SOLUTIONS OF SAN BERNARDINO, INC., TO PROVIDE $700,000 IN HOME FUNDING TO PURCHASE, REHABILITATE AND OCCUPY HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Perez Executive Director | Officer | 40 | $175,910 |
Lee Mcdougal President | OfficerTrustee | 1 | $0 |
Fred Shorett Vice President | OfficerTrustee | 1 | $0 |
Maria Razo Secretary/treasurer | OfficerTrustee | 1 | $0 |
Caleb Beaver Director | Trustee | 1 | $0 |
Emil Marzullo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Charles R Gossage Legal | 12/30/16 | $339,303 |
Affordable Housing Risk Pool Insurance | 12/30/16 | $129,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,588,788 |
| 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 | $3,588,788 |
| Total Program Service Revenue | $2,286,100 |
| Investment income | $258,737 |
| 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 | $6,133,625 |
| 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. | $175,910 |
| Compensation of current officers, directors, key employees. | $17,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $261,238 |
| Payroll taxes | $0 |
| Fees for services: Management | $354,003 |
| Fees for services: Legal | $6,276 |
| Fees for services: Accounting | $43,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,987 |
| Advertising and promotion | $116 |
| Office expenses | $41,724 |
| Information technology | $59,098 |
| Royalties | $0 |
| Occupancy | $66,000 |
| Travel | $58,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $452,396 |
| Insurance | $175,143 |
| All other expenses | $91,243 |
| Total functional expenses | $6,034,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,608,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $317,450 |
| Net Land, buildings, and equipment | $11,687,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $299,114 |
| Intangible assets | $0 |
| Other assets | $170,076 |
| Total assets | $28,973,627 |
| Accounts payable and accrued expenses | $2,236,880 |
| Grants payable | $0 |
| Deferred revenue | $58,383 |
| 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 | $8,164,266 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,379 |
| Total liabilities | $10,665,908 |
| Net assets without donor restrictions | $18,307,719 |
| 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 | $28,973,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing Partners I Incorporated has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
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 |