Housing Partners I Incorporated
- Assets
- $31.2m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 5
- Location
- San Bernardino, CA
- Founding
- 05/1993
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Housing Partners I Incorporated generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING IN THE COUNTY OF SAN BERNARDINO.
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 | $525 |
Fred Shorett Vice President | OfficerTrustee | 1 | $525 |
Maria Razo Secretary/treasurer | OfficerTrustee | 1 | $0 |
Emil Marzullo Director | Trustee | 1 | $375 |
Kathryn Mccool Director | Trustee | 1 | $450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Affordable Housing Risk Pool Insurance | 12/30/16 | $129,861 |
Law Offices Of Charles R Gossage Legal | 12/30/16 | $339,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,587,367 |
| 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 | $3,587,367 |
| Total Program Service Revenue | $2,708,456 |
| Investment income | $263,735 |
| 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 | $6,559,558 |
| 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. | $177,785 |
| Compensation of current officers, directors, key employees. | $17,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,570 |
| Pension plan accruals and contributions | $1,626 |
| Other employee benefits | $178,627 |
| Payroll taxes | $34,858 |
| Fees for services: Management | $354,970 |
| Fees for services: Legal | $48,804 |
| Fees for services: Accounting | $15,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,931 |
| Advertising and promotion | $77 |
| Office expenses | $52,603 |
| Information technology | $82,177 |
| Royalties | $0 |
| Occupancy | $2,576,011 |
| Travel | $68,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $268,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453,076 |
| Insurance | $52,654 |
| All other expenses | $59,998 |
| Total functional expenses | $7,183,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,774,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $846,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,592,401 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $417,253 |
| Net Land, buildings, and equipment | $11,641,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$239,152 |
| Intangible assets | $0 |
| Other assets | $147,063 |
| Total assets | $31,179,598 |
| Accounts payable and accrued expenses | $2,131,729 |
| Grants payable | $0 |
| Deferred revenue | $28,207 |
| 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 | $11,118,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $216,938 |
| Total liabilities | $13,495,465 |
| Net assets without donor restrictions | $17,684,133 |
| 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 | $31,179,598 |