Humboldt Bay Housing Development Corporation
- Assets
- $5.9m
- Revenue
- -$44.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Arcata, CA
- Founding
- 06/1994
- Data as of
- 06/2021
- EIN
- 68-0319737
Organization Overview
Humboldt Bay Housing Development Corporation is located in Arcata, CA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Humboldt Bay Housing 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPONSOR, DEVELOP AND MANAGE LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME HOUSEHOLDS.REVENUE IS NET OF PROGRAM SERVICE EXPENSES THAT ARE DEDUCTED AS PART OF NET RENTAL INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Eddy Secretary | OfficerTrustee | 0 | $0 |
Edith Stromberg-Wall Treasurer | OfficerTrustee | 0 | $0 |
Jake Smith Vice President | OfficerTrustee | 0 | $0 |
Dana Gregg Director | Trustee | 0 | $0 |
Kay Escarda Director | Trustee | 0 | $0 |
Bob Lawton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$63,195 |
| 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 | -$44,576 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,011 |
| All other expenses | $0 |
| Total functional expenses | $24,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $74,774 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,287 |
| Other assets | $1,722,838 |
| Total assets | $5,857,426 |
| Accounts payable and accrued expenses | $31,956 |
| Grants payable | $0 |
| Deferred revenue | $2,626 |
| 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 | $6,829,524 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,704 |
| Total liabilities | $6,900,810 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,043,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollywood Community Housing Corporation Los Angeles, CA | $87,826,878 | $9,106,677 |
Habitat For Humanity International Inc Monrovia, CA | $10,420,677 | $8,377,846 |
Habitat For Humanity International Inc San Diego, CA | $17,987,531 | $9,101,598 |
Corporate Fund For Housing Long Beach, CA | $62,505,440 | $8,997,837 |
Bridge Housing Corporation - Southern California San Francisco, CA | $19,249,225 | $4,951,235 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Augusta Homes Upland, CA | $57,007,728 | $7,808,185 |
Linc Community Development Corporation Long Beach, CA | $50,572,964 | $7,561,033 |
Resident Owned Parks Inc Sacramento, CA | $73,117,856 | $8,641,383 |
National Community Renaissance Development Corporation Rancho Cucamonga, CA | $20,200,023 | $6,094,329 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |