Abbey Road Inc
- Assets
- $5.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- North Hills, CA
- Founding
- 05/2010
- Data as of
- 06/2021
- EIN
- 36-4655203
Organization Overview
Abbey Road Inc is located in North Hills, CA. The organization was established in 2010. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbey Road Inc 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 06/2021, Abbey Road Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 17.9% per year over the past 6 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
ABBEY ROAD ("ABBEY") IS A NONPROFIT AFFORDABLE HOUSING DEVELOPMENT ORGANIZATION THAT WAS CREATED TO SUPPORT PENNY LANE CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL AND DEVELOPMENT ACTIVITIES - IDENTIFYING, DEVELOPING, AND OPERATING PROPERTY FOR LOW INCOME, TRANSITIONAL AND PERMANENT HOUSING, ABBEY ROAD WHOLLY OWNS 8 PROPERTIES AND HOLDS A GENERAL PARTNER INTEREST IN 6 PROPERTIES TOTALING 623 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annick Hamon President | OfficerTrustee | 0.5 | $0 |
Ivelise Markovits Vice President | OfficerTrustee | 0.5 | $0 |
Sylvia Ruiz Secretary | OfficerTrustee | 0.5 | $0 |
Deborah Kerr Orlik Assistant Secretary & Treasurer | OfficerTrustee | 0.5 | $0 |
James Ocon Board Member | Trustee | 0.5 | $0 |
Rev Fred Morris Board Member | Trustee | 0.5 | $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 | $247,156 |
| Noncash contributions included in lines 1a–1f | $238,877 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,156 |
| Total Program Service Revenue | $772,653 |
| Investment income | $12,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,312 |
| 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 | $1,539,247 |
| 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 | $462,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,812 |
| Payroll taxes | $35,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,567 |
| Fees for services: Accounting | $48,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,547 |
| Office expenses | $15,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,122 |
| Travel | $1,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141 |
| Interest | $94,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,434 |
| Insurance | $8,784 |
| All other expenses | $2,178 |
| Total functional expenses | $1,147,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,512 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,336,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $204,210 |
| Intangible assets | $0 |
| Other assets | $2,558,320 |
| Total assets | $5,438,063 |
| Accounts payable and accrued expenses | $36,186 |
| 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 | $6,519,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $201 |
| Total liabilities | $6,556,062 |
| Net assets without donor restrictions | -$1,117,999 |
| 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 | $5,438,063 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abbey Road Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Scan Foundation Long Beach, CA | $251,069,671 | $11,732,897 |
Scan Group Long Beach, CA | $329,187,465 | $17,231,312 |
Latino Community Foundation San Francisco, CA | $24,983,949 | $19,515,663 |
Visions Global Development Irvine, CA | $26,663 | $3,381,380 |
Direct Relief Foundation Santa Barbara, CA | $77,237,327 | $23,596,905 |
Providence Trinitycare Hospice Foundation Torrance, CA | $15,729,740 | $2,314,489 |
Up Valley Family Centers Of Napa County St Helena, CA | $4,974,617 | $4,153,607 |
Housing With Heart Inc Irvine, CA | $938,916 | $3,376,969 |
Del Harbor Foundation Torrance, CA | $30,905,773 | $3,867,350 |
Friends Of My Family Riverside, CA | $1,696,847 | -$100,887 |
Hawaii Leadership Forum Los Gatos, CA | $1,629,789 | $2,394,054 |
Providence Childrens Health Foundation Portland, OR | $41,165,105 | $3,328,803 |