15th Avenue Housing Corporation
- Assets
- $824.2k
- Revenue
- $215.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 33-0602025
Organization Overview
15th Avenue Housing Corporation is located in San Diego, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 15th Avenue Housing 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, 15th Avenue Housing Corporation generated $215.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $233.4k during the year ending 12/2021. While expenses have increased by 2.8% 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
THE COOPERATIVE PROVIDES ITS MEMBERS WITH LIMITED EQUITY COOPERATIVE HOUSING AND COMMUNITY FACILITIES ON A NONPROFIT BASIS TO MAINTAIN AFFORDABILITY. THE 16 UNIT COMPLEX IS OPERATED IN ESCONDIDO, CA, PURSUANT IN PART, TO A REGULATORY AGREEMENT WITH THE CITY OF ESCONDIDO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVEL OF THE RESIDENTS OF SAN DIEGO COUNTY BY CONSTRUCTING, REHABILITATING, AND PROVIDING AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Arellano Garcia President | Officer | 1 | $0 |
Miriam Bravo Espino Secretary | Officer | 1 | $0 |
Jesus Arellano Mendoza Vice President | Officer | 1 | $0 |
Margarita Gonzalez Treasurer | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $215,187 |
| Investment income | $56 |
| 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 | $215,243 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,390 |
| Payroll taxes | $2,460 |
| Fees for services: Management | $9,624 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,690 |
| Advertising and promotion | $78 |
| Office expenses | $2,866 |
| 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 | $0 |
| Interest | $26,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,229 |
| Insurance | $11,663 |
| All other expenses | $8,472 |
| Total functional expenses | $233,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,541 |
| Savings and temporary cash investments | $183,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,078 |
| Net Land, buildings, and equipment | $563,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $498 |
| Other assets | $2,156 |
| Total assets | $824,153 |
| Accounts payable and accrued expenses | $17,376 |
| Grants payable | $0 |
| Deferred revenue | $182 |
| 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 | $836,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $418,190 |
| Total liabilities | $1,271,910 |
| Net assets without donor restrictions | -$447,757 |
| 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 | $824,153 |
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Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
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Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |