Northtown Housing Development Corporation
- Assets
- $8.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Rancho Cucamonga, CA
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 33-0555563
Organization Overview
Northtown Housing Development Corporation is located in Rancho Cucamonga, CA. The organization was established in 1994. 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, Northtown Housing Development Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northtown Housing Development 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 12/2021, Northtown Housing Development Corporation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE THE NORTHTOWN COMMUNITIES, TO PROVIDE QUALITY AFFORDABLE HOUSING AND TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHERN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHTOWN HOUSING DEVELOPMENT CORP. IS A NONPROFIT ORGANIZED FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES. NORTHTOWN ALSO PROVIDES SUPPORT EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT AND SALE OF RESIDENTIAL PROPERTY TO QUALIFYING INDIVIDUALS. ALSO INCLUDED ARE CONTINUED OPERATING COSTS INCURRED ON THE COMMUNITY SERVICE CENTER WHICH OPENED IN OCTOBER 2001. THESE PROJECTS INCLUDE EXPENSES FOR CONSULTANT FEES, LEGAL FEES, EXECUTIVE DIRECTOR'S SALARY AND OTHER EMPLOYMENT COSTS RELATED THERETO, OFFICE EXPENSES, TELEPHONE EXPENSES, UTILITIES EXPENSES, INSURANCE, INVESTMENT FEES, AND VARIOUS OTHER MISCELLANEOUS EXPENSES.IN 2020, NORTHTOWN HOUSING DEVELOPMENT CORP RECEIVED $95,000 IN-KIND DONATION RELATED TO THE EXECUTIVE DIRECTOR SALARY OF $95,000.
YOUTH ACTIVITIES IN THE COMMUNITY OF NORTHTOWN, INCLUDING A CINCO DE MAYO CELEBRATION, SUMMER DAY CAMP WITH FIELD TRIPS FOR THE YOUTH OF THE COMMUNITY OF NORTHTOWN, AS WELL AS A EASTER, HALLOWEEN AND OTHER HOLIDAY CELEBRATIONS, AFTER SCHOOL TUTORING, AFTER SCHOOL ACTIVITIES, CULTURAL AND RECREATIONAL ACTIVITIES, COMPUTER LITERACY CLASSES, HEALTHY COOKING CLASSES, A CHRISTMAS TOY GIVE-AWAY, AND A THANKSGIVING HOMELESS FEEDING CONDUCTED IN AND FOR THE BENEFIT OF THE SOCIAL WELFARE OF THE NORTHTOWN COMMUNITY.
COLLEGE SCHOLARSHIPS GRANTED TO NINE QUALIFYING GRADUATING HIGH SCHOOL STUDENTS AWARDED DURING THE 2013/2014 THROUGH 2020/2021 SCHOOL YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Santos Fuertez Vice President | OfficerTrustee | 1 | $0 |
Carol Norris Cfo/ceo | OfficerTrustee | 40 | $0 |
Julian Rincon President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,527,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,736,757 |
| Total Program Service Revenue | $1,072,771 |
| Investment income | $32,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,885,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,275 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $606,136 |
| Compensation of current officers, directors, key employees. | $243,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $8,149 |
| Other employee benefits | $65,068 |
| Payroll taxes | $44,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,486 |
| Fees for services: Accounting | $80,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,191 |
| Advertising and promotion | $0 |
| Office expenses | $65,178 |
| 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 | $13,124 |
| Interest | $62 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,756 |
| Insurance | $40,109 |
| All other expenses | $31,693 |
| Total functional expenses | $1,191,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,638 |
| Savings and temporary cash investments | $73,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $248,401 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,092 |
| Net Land, buildings, and equipment | $3,420,620 |
| Investments—publicly traded securities | $1,635,174 |
| Investments—other securities | $0 |
| Investments—program-related | $853,702 |
| Intangible assets | $31,208 |
| Other assets | $1,860,638 |
| Total assets | $8,211,144 |
| Accounts payable and accrued expenses | $18,637 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $362,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $704,030 |
| Total liabilities | $1,084,990 |
| Net assets without donor restrictions | $7,126,154 |
| 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 | $8,211,144 |
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