Brilliant Corners
- Assets
- $349.4m
- Revenue
- $415.4m
- Investments
- $0.0
- Employees
- 402
- Location
- San Francisco, CA
- Founding
- 03/2004
- Data as of
- 06/2021
- EIN
- 56-2379862
Organization Overview
Brilliant Corners is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Brilliant Corners employed 402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brilliant Corners 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, Brilliant Corners generated $415.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $387.9m during the year ending 06/2021. While expenses have increased by 52.8% 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
TO INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR VULNERABLE POPULATION, WITH EMPHASES ON PEOPLE WITH DEVELOPMENTAL DISABILITIES AND PEOPLE TRANSITIONING FROM HOMELESSNESS AND INSTITUITIONAL SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PARTNERS WITH THE LOS ANGELES COUNTY DEPARTMENT OF HEALTH SERVICES TO ADMINISTER THE FLEXIBLE HOUSING SUBSIDY POOL, AND AMBITIOUS SUPPORTIVE HOUSING INITIATIVE COMBINING RENT SUBSIDIES, LANDLORD ENGAGMENT, HOUSING NAVIGATION AND RETENTION SUPPORT, AND INTESIVE CASE MANAGEMENT SERVICES FOR HIGH FREQUENCY UTLITIZERS OF PUBLIC HEALTH AND OTHER SERVICES INCLUDING EXPERIENCING HOMELESSNESS. AS FHSP ADMINISTRATOR, WE PARTNER WITH HUNDREDS OF PRIVATE MARKET-RATE, AFFORDABLE, AND SUPPORTIVE HOUSING PROVIDERS, OVER 40 INTENSIVE CASE MANAGEMENT SERVICE PROVIDERS, AND MANY PUBLICE AGENCIES AND HEALTH PLANS, TO DATE, WE HAVE HOUSED OVER 9,700 PEOPLE AND ANTICIPATE SERVING OVER 10,000 OVER THE NEXT SEVERAL YEARS. THIS IS A 15-YEAR CONTRACT THAT REPRESENTED $272 MILLION IN WORK ORDER BUDGET FOR FISCAL YEAR 2020-2021, ANG GROWS SINGNIFICANTLY EACH YEAR.
SUPPORTIVE HOUSING MANGEMENT: BRILLIANT CORNERS SELF-MANAGES ITS GROWING PORTFOLIO OF OVER 225 LICENSED RESIDENTIAL CARE HOMES AND MULTIFAMILY SUPPORTIVE HOUSING PROPERTIES IN ORDER TO ENSURE PERSON-CENTERED HOUSING QUALITY STANDARDS FOR OUR EXTREMELY LOW-INCOME RESIDENTS IN COMMUNITIES ACROSS CALIFORNIA.
WE PARTNER WITH LOCAL GOVERNMENTAL AGENCIES IN NORTHERN CALIFORNIA SIMLIAR TO THAT IN LOS ANGELES IN WHICH THERE IS A HOUSING INITIATIVE COMBINING RENT SUBSIDIES, LANDLORD ENGAGEMENT, HOUSING NAVIGATION AND RETENTION SUPPORT, AND INTENSIVE CASE MANAGEMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES.
SUPPORTIVE HOUSING DEVELOPMENT: BRILLIANT CORNERS IS CALIFORNIA'S PRIMARY PARTNER CREATING COMMUNITY-BASED HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TRANSITIONING FROM THE REMAINING STATE-RUN INSTITUTIONAL SETTINGS SLATED FOR CLOSURE NO LATER THAN 2021. THROUGH THE COMMUNITY PLACEMENT PROGRAM, WE PARTNER WITH THE CALIFORNIA DEPARTMENT OF DEVELOPMENTAL DISABILITIES AND THE MAJORITY OF THE STATE'S 21 NONPROFIT REGIONAL CENTER TO CONVERT SINGLE-FAMILY HOMES TO SPECIALIZED RESIDENTIAL FACILITIES PERMANENTLY DEED-RESTRICTED FOR PEOPLE WITH DISABILITIES, WITH OVER 100 HOMES OPENED SINCE 2008 AND APPROXIMATELY 25 IN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Pickel CEO | Officer | 40 | $303,127 |
Danielle Crowell Chief Program Officer | Officer | 40 | $218,360 |
Jonas Mok COO | Officer | 40 | $218,360 |
Chulssang Ham CFO | Officer | 40 | $207,692 |
Rodger Twitchell Director Of Housing Development | Officer | 40 | $167,723 |
Wendy Moorehouse Director Of Supportive Housing Management | Officer | 40 | $151,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Manor Property Management | 6/29/21 | $1,358,042 |
Jose Luis Vasquez Construction | 6/29/21 | $1,195,514 |
Barnhart Construction Construction | 6/29/21 | $1,058,023 |
Goldfarb Lipman Legal Service | 6/29/21 | $289,674 |
Juan-carlo Perea Construction | 6/29/21 | $887,662 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $358,174,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,318,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,492,817 |
| Total Program Service Revenue | $37,884,847 |
| Investment income | $5,624 |
| 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 | $415,383,288 |
| 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. | $1,356,303 |
| Compensation of current officers, directors, key employees. | $244,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,579,537 |
| Pension plan accruals and contributions | $761,472 |
| Other employee benefits | $2,259,710 |
| Payroll taxes | $1,751,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $252,676 |
| Fees for services: Accounting | $89,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,944,173 |
| Advertising and promotion | $0 |
| Office expenses | $293,516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,926,792 |
| Travel | $1,090,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,740,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,136,707 |
| Insurance | $642,762 |
| All other expenses | $2,274,594 |
| Total functional expenses | $387,939,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,073,518 |
| Savings and temporary cash investments | $4,166,236 |
| Pledges and grants receivable | $1,814,712 |
| Accounts receivable, net | $38,515,403 |
| 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 | $10,514,640 |
| Net Land, buildings, and equipment | $254,619,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,359,194 |
| Other assets | $294,352 |
| Total assets | $349,357,352 |
| Accounts payable and accrued expenses | $18,835,330 |
| Grants payable | $0 |
| Deferred revenue | $34,065,612 |
| 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 | $119,566,890 |
| Unsecured mortgages and notes payable | $4,814,900 |
| Other liabilities | $3,694,000 |
| Total liabilities | $180,976,732 |
| Net assets without donor restrictions | $156,023,474 |
| Net assets with donor restrictions | $12,357,146 |
| 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 | $349,357,352 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Brilliant Corners has recieved totaling $4,551,000.
| Awarding Organization | Amount |
|---|---|
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR CAPACITY BUILDING TO STRENGTHEN ITS INTERMEDIARY ROLE WITHIN L.A. COUNTYS EFFORTS TO END HOMELESSNESS; AND TO HELP LAUNCH A COUNTYWIDE PREVENTION PILOT PROGRAM FOR SINGLE ADULTS AT HIGHEST RISK OF EXPERIENCING HOMELESSNESS. | $1,700,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR CAPACITY BUILDING TO STRENGTHEN ITS INTERMEDIARY ROLE WITHIN L.A. COUNTYS EFFORTS TO END HOMELESSNESS; AND TO HELP LAUNCH A COUNTYWIDE PREVENTION PILOT PROGRAM FOR SINGLE ADULTS AT HIGHEST RISK OF EXPERIENCING HOMELESSNESS. | $1,300,000 |
Tipping Point Community San Francisco, CA PURPOSE: CHI | $800,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR CAPITAL FUNDING FOR NEW INTERIM HOUSING BEDS, TO INCREASE PERMANENT HOUSING PLACEMENTS FOR INDIVIDUALS RELEASED FROM STATE PRISONS TO L.A. COUNTY, AND FOR CAPACITY BUILDING TO ESTABLISH AN OPERATIONS DIVISION WITHIN BRILLIANT CORNERS. | $750,000 |
Offerdahl Family Foundation Incline Village, NV PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brilliant Corners San Francisco, CA | $349,357,352 | $415,383,288 |
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |