Wesley House Student Residence Inc
- Assets
- $2.4m
- Revenue
- $463.2k
- Investments
- $0.0
- Employees
- 7
- Location
- San Diego, CA
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 47-5032212
Organization Overview
Wesley House Student Residence Inc is located in San Diego, CA. The organization was established in 2016. As of 12/2021, Wesley House Student Residence Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley House Student Residence 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 12/2021, Wesley House Student Residence Inc generated $463.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $466.4k during the year ending 12/2021. While expenses have increased by 10.2% 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
WESLEY HOUSE STUDENT RESIDENCE, INC. ("WHSR") FOCUSES PRIMARILY IN EFFORTS TO MAKE SIGNIFICANT CONTRIBUTIONS TO AFFORDABLE STUDENT HOUSING AT SAN DIEGO STATE UNIVERSITY AND OTHER COLLEGES IN THE AREA BY OPERATING, MANAGING, AND PROVIDING AFFORDABLE STUDENT HOUSING ADJACENT TO SAN DIEGO STATE UNIVERSITY CAMPUS AND OFFERING STUDENT OUTREACH AND SUPPORT. THE MISSION OF WHSR IS TO EMPOWER QUALIFYING STUDENTS TO ACHIEVE THEIR GOALS THROUGH AFFORDABLE HOUSING AND SUPPORT SERVICES. WHSR IS AN INNOVATIVE EXAMPLE OF HOW A NONPROFIT ORGANIZATION CAN ASSIST COLLEGE STUDENTS, PARTICULARLY LOW INCOME AND FIRST GENERATION STUDENTS, SUCCEED AT A UNIVERSITY. FACTS EVIDENCE THAT THE DROPOUT RATE FOR THESE STUDENTS CAN BE DRASTIC, BUT WITH ASSISTANCE AND MENTORING, THEY CAN GRADUATE TO HAVE A RICHER, MORE PRODUCTIVE LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY HOUSE SUDENT RESIDENCE, INC. ("WHSR") IS A PUBLIC, NON-PROFIT ORGANIZATION THAT REPRESENTS THE CULMINATION OF OVER 80 YEARS OF SAN DIEGO STATE UNIVERSITY SERVICE AND OUTREACH. WHSR IS RESPONSIBLE FOR WESLEY HOUSE, FORMERLY KNOWN AS AZTEC APARTMENTS, A TWO STORY BUILDING ADJACENT TO THE SAN DIEGO STATE UNIVERSITY CAMPUS. WHSR'S MISSION IS TO PROVIDE AFFORDABLE HOUSING AND SUPPORT SERVICES TO STUDENTS ATTENDING LOCAL COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Norombaba Executive Director | Officer | 40 | $69,360 |
Christopher Scott Board Chair | Trustee | 5 | $0 |
Danielle Mcmillin Secretary | Trustee | 5 | $0 |
Chandra Brown Treasurer | Trustee | 5 | $0 |
Leslie Wisdom Member | Trustee | 5 | $0 |
Vishal Kanodia Member | Trustee | 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 | $265,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,590 |
| Total Program Service Revenue | $193,934 |
| Investment income | $4,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,228 |
| 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 | $69,361 |
| Other salaries and wages | $123,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,258 |
| Fees for services: Management | $29,566 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,378 |
| Fees for services: Other | $1,911 |
| Advertising and promotion | $1,104 |
| Office expenses | $9,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,278 |
| Interest | $48,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,664 |
| Insurance | $10,269 |
| All other expenses | $6,363 |
| Total functional expenses | $466,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| 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 | $295 |
| Net Land, buildings, and equipment | $1,867,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $354,961 |
| Intangible assets | $0 |
| Other assets | $25,751 |
| Total assets | $2,379,478 |
| Accounts payable and accrued expenses | $10,614 |
| 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 | $1,036,367 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,775 |
| Total liabilities | $1,062,756 |
| Net assets without donor restrictions | $1,301,722 |
| Net assets with donor restrictions | $15,000 |
| 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 | $2,379,478 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wesley House Student Residence Inc has recieved totaling $27,883.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,831 |
Nordson Corporation Foundation Westlake, OH PURPOSE: SUPPORT SERVICES | $7,500 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,967 |
Shen Catalyst Foundation Inc Rancho Santa Fe, CA PURPOSE: EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |