Mary Erickson Community Housing
- Assets
- $14.8m
- Revenue
- -$64.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Dana Point, CA
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 33-0502327
Organization Overview
Mary Erickson Community Housing is located in Dana Point, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Erickson Community Housing 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, Mary Erickson Community Housing generated -$64.5k 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 (8.4%) each year. All expenses for the organization totaled $353.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
TO PROMOTE WORKING FAMILIES BY INCREASING AND PRESERVING THE SUPPLY OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF LOW-INCOME APARTMENTS.
PURCHASE AND REHABILITATION OF PROPERTY FOR THE PURPOSE OF SELLING LOW-INCOME HOUSING.
RENTAL OF LOW-INCOME APARTMENTS.
PURCHASE AND REHABILITATION OF PROPERTY FOR THE PURPOSE OF SELLING LOW-INCOME HOUSING.
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 |
|---|---|---|---|
Susan Mcdevitt Executive Director | Officer | 40 | $0 |
Doug Bystry Director | Trustee | 10 | $0 |
Gary Dunn President | Officer | 20 | $0 |
John Gould Secretary | Officer | 15 | $0 |
Dave Adams Treasurer | Officer | 15 | $0 |
Rich Saeger Vice President | Officer | 20 | $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 | $402,766 |
| Noncash contributions included in lines 1a–1f | $160,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,766 |
| Total Program Service Revenue | $3,315 |
| Investment income | $175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$457,064 |
| 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 | -$13,660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$64,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800 |
| 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 | $139,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,880 |
| Fees for services: Accounting | $57,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,894 |
| Advertising and promotion | $52 |
| Office expenses | $9,144 |
| Information technology | $5,196 |
| Royalties | $0 |
| Occupancy | $25,901 |
| Travel | $8,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $1,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237 |
| Insurance | $17,028 |
| All other expenses | $20 |
| Total functional expenses | $353,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,658 |
| Savings and temporary cash investments | $452,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,255 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,603 |
| Prepaid expenses and deferred charges | $2,739 |
| Net Land, buildings, and equipment | $13,203,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $91,559 |
| Other assets | $40,661 |
| Total assets | $14,841,531 |
| Accounts payable and accrued expenses | $60,492 |
| Grants payable | $0 |
| Deferred revenue | $5,759 |
| 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 | $15,270,689 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $3,444,330 |
| Total liabilities | $18,831,270 |
| Net assets without donor restrictions | -$4,002,739 |
| Net assets with donor restrictions | $13,000 |
| 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 | $14,841,531 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mary Erickson Community Housing has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Banc Of California Charitable Foundation Santa Ana, CA PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT AFFORDABLE HOUSING PROGRAMS | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |