East Bay Asian Local Development Corporation
- Assets
- $136.5m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 197
- Location
- Oakland, CA
- Founding
- 11/1975
- Data as of
- 12/2022
- EIN
- 51-0171851
Organization Overview
East Bay Asian Local Development Corporation is located in Oakland, CA. The organization was established in 1975. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, East Bay Asian Local Development Corporation employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Bay Asian Local Development 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 12/2022, East Bay Asian Local Development Corporation generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $24.0m during the year ending 12/2022. While expenses have increased by 7.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE WORK WITH THE DIVERSE POPULATIONS OF THE EAST BAY TO BUILD HEALTHY, VIBRANT AND SAFE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE PROUD TO BE OAKLAND ROOTED AND OAKLAND GROWN. WHEN WE BEGAN IN 1975, WE GREW OUT OF COMMUNITY ACTIVISM TAKING PLACE TO ADDRESS THE DISPLACEMENT AND DISRUPTION THREATENING OAKLAND'S CHINATOWN AT THAT TIME. WE HELP STRENGTHEN OUR COMMUNITY FABRIC SO PEOPLE CAN CONNECT WITH EACH OTHER AND GROW TOGETHER. WE PARTNER WITH RESIDENTS AND LOCAL LEADERS TO CO-CREATE NEIGHBORHOOD SOLUTIONS SO EVERYONE PLAYS A ROLE IN SHAPING OUR FUTURE. WE ALSO PRESERVE HOUSING THAT IS CURRENTLY AFFORDABLE AND STABILIZE EXISTING RENTS TO PREVENT LARGE RENT INCREASES SO THAT RESIDENTS CAN REMAIN IN THEIR HOMES. TO DATE, WE HAVE PRESERVED 257 UNITS OF AFFORDABLE HOUSING, DEVELOPED OVER 2,200 UNITS OF AFFORDABLE HOUSING IN OAKLAND AND ACROSS THE EAST BAY, AND SERVED MORE THAN 6,000 PEOPLE ANNUALLY THROUGH COMPREHENSIVE SERVICES FOR LOW-INCOME HOUSEHOLDS AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Sullivan Board Chair | OfficerTrustee | 0.5 | $0 |
Kelly Drumm Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Jim Govert Secretary | OfficerTrustee | 0.5 | $0 |
Leslie Francis Treasurer | OfficerTrustee | 0.5 | $0 |
Korin Crawford Board Member | Trustee | 0.5 | $0 |
Agnes Ubalde 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 | $4,549,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,488,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,037,283 |
| Total Program Service Revenue | $11,034,219 |
| Investment income | $961,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $349,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,655,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,098,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $527,510 |
| Compensation of current officers, directors, key employees. | $131,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,476,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,240,698 |
| Payroll taxes | $590,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,166 |
| Fees for services: Accounting | $166,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,354,828 |
| Advertising and promotion | $11,045 |
| Office expenses | $0 |
| Information technology | $79,783 |
| Royalties | $0 |
| Occupancy | $471,203 |
| Travel | $25,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,576 |
| Interest | $726,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $698,491 |
| Insurance | $386,339 |
| All other expenses | $1,659,190 |
| Total functional expenses | $24,020,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,879,662 |
| Savings and temporary cash investments | $6,085,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,330,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $79,239,649 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $117,060 |
| Net Land, buildings, and equipment | $13,794,307 |
| Investments—publicly traded securities | $5,340 |
| Investments—other securities | $0 |
| Investments—program-related | $9,905,272 |
| Intangible assets | $0 |
| Other assets | $14,095,976 |
| Total assets | $136,452,614 |
| Accounts payable and accrued expenses | $1,473,256 |
| Grants payable | $0 |
| Deferred revenue | $834,812 |
| 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 | $20,551,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,537,459 |
| Total liabilities | $50,397,174 |
| Net assets without donor restrictions | $81,210,918 |
| Net assets with donor restrictions | $4,844,522 |
| 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 | $136,452,614 |