Affordable Rent Project Inc
- Assets
- $135.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Calabasas, CA
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 46-1538325
Organization Overview
Affordable Rent Project Inc is located in Calabasas, CA. The organization was established in 2013. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Affordable Rent Project 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 12/2022, Affordable Rent Project Inc generated $48.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $51.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO DEVELOP AND PRESERVE AFFORDABLE MULTIFAMILY HOUSING FOR WORKING FAMILIES AND SENIORS. TO PROMOTE SAFE AND RESPECTABLE HOUSING FOR OUR RESIDENTS BY PARTNERING WITH DEVELOPERS AND PROPERTY OWNERS TO OPERATE AFFORDABLE HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Caldwell President | 3 | $23,400 | |
Vahe Jordan Secretary | 1.5 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $572 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $48,328 |
| Total Revenue | $48,900 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,400 |
| Professional fees and other payments to independent contractors | $1,172 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,275 |
| Total expenses | $51,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,336 |
| Other assets | $0 |
| Total assets | $135,336 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,336 |
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