Townspeople
- Assets
- $9.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 20
- Location
- San Diego, CA
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 33-0623634
Organization Overview
Townspeople is located in San Diego, CA. The organization was established in 1994. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Townspeople employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townspeople 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, Townspeople generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 10.9% 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 AGENCY'S PURPOSE IS TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS WHO ARE EITHER HIV INFECTED OR DISABLED. THE AGENCY IS FUNDED THROUGH PRIVATE,CORP, AND FOUNDATION DONATIONS, AND GOVT GRANTS. THE AGENCY PROVIDES HOUSING INFO AND REFERRAL SVCS IN SAN DIEGO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER APARTMENTS (GAMMA) CONSIST OF 22 UNITS AVAILABLE FOR LOW AND VERY LOW-INCOME PERSONS LIVING WITH HIV/AIDS.
THE 34TH STREET APARTMENTS CONSIST OF 34 UNITS AVAILABLE FOR LOW AND VERY LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS, THE UNITS ARE RENT AND OCCUPANCY RESTRICTED FOR UP TO 65 YEARS.
THE 51ST STREET APARTMENTS CONSIST OF 24 UNITS AVAILABLE FOR LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS THE UNITS ARE RENT AND OCCUPANCY RESTRICTED FOR 55 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon P Derryberry Thru 42021 Executive Dir. | Officer | 40 | $58,807 |
Melissa Peterman Executive Dir. | Officer | 40 | $52,375 |
Venessa Rollins Secretary/treas | OfficerTrustee | 1 | $0 |
Richard J Velasquez President | OfficerTrustee | 2.5 | $0 |
Rita Lim-Wilby Vice President | OfficerTrustee | 7 | $0 |
Rebecca Larson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,404,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,482 |
| Total Program Service Revenue | $929,013 |
| Investment income | $384 |
| 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 | $2,777,348 |
| 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. | $111,182 |
| Compensation of current officers, directors, key employees. | $23,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,967 |
| Payroll taxes | $61,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,156 |
| Fees for services: Accounting | $81,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $253,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,400 |
| Insurance | $50,993 |
| All other expenses | $288,327 |
| Total functional expenses | $3,007,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,927 |
| Savings and temporary cash investments | $458,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $517,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $810,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,214 |
| Net Land, buildings, and equipment | $7,043,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,757 |
| Other assets | $352,804 |
| Total assets | $9,905,808 |
| Accounts payable and accrued expenses | $100,481 |
| Grants payable | $0 |
| Deferred revenue | $6,238 |
| 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 | $9,506,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,071,477 |
| Total liabilities | $12,684,616 |
| Net assets without donor restrictions | -$2,898,424 |
| Net assets with donor restrictions | $119,616 |
| 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 | $9,905,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Townspeople has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gregory House Programs Honolulu, HI | $10,265,728 | $4,352,190 |
Hip Housing Development Corporation San Mateo, CA | $16,006,101 | $4,922,807 |
Townspeople San Diego, CA | $9,905,808 | $2,777,348 |
Temporary Shelter Inc Tustin, CA | $172,155 | $914,679 |
Kennedy Commission Irvine, CA | $2,112,539 | $812,670 |
Housing Coalition Educators Los Angeles, CA | $241,631 | $216,000 |
Home Share Oregon Portland, OR | $161,765 | $327,702 |
Addison Court Housing Cooperative Inc Berkeley, CA | $303,011 | $0 |
Home & Heart Chico, CA | $60,673 | $0 |
Guardian Warrior Foundation Inc Scottsdale, AZ | $30,166 | $27,051 |
Marina Housing Inc San Lorenzo, CA | $98,601 | $100,312 |
Northwest Habitat Institute Corvallis, OR | $14,828 | $0 |