Burbank Housing Management Corporation
- Assets
- $3.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 94
- Location
- Santa Rosa, CA
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 68-0328717
Organization Overview
Burbank Housing Management Corporation is located in Santa Rosa, CA. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Burbank Housing Management Corporation employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burbank Housing Management 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, Burbank Housing Management Corporation generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 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
THE CORPORATION PROVIDES MANAGEMENT SERVICES, COMPLIANCE AND COMMUNITY SERVICE ACTIVITIES FOR AFFORDABLE HOUSING PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES 60 LOW-INCOME HOUSING PROPERTIES WITH 2,779 UNITS FOR LOW-INCOME ELDERLY, FAMILIES AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Lehrer Director | Trustee | 3 | $0 |
Jon M Stark Director | Trustee | 3 | $0 |
Kim August Director | Trustee | 3 | $0 |
Jean Kapolchok Director | Trustee | 3 | $0 |
Stephanie Bedolla Director | Trustee | 3 | $0 |
David Gouin Vice Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindquist Von Husen & Joyce Llp Audit And Tax | 12/30/22 | $1,028,290 |
Michael Kesecher Buena Vista Co Pest Control | 12/30/22 | $483,699 |
Mel Bowers Bowers Plumbing Service Plumbing Service | 12/30/22 | $117,070 |
Custom Plumbing Plumbing Service | 12/30/22 | $116,201 |
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 | $28,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,076 |
| Total Program Service Revenue | $4,173,232 |
| Investment income | $0 |
| 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 | $4,201,308 |
| 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 | $0 |
| Other salaries and wages | $2,475,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $417,384 |
| Payroll taxes | $191,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,312 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,013 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $263,491 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $55,719 |
| Total functional expenses | $5,080,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,103,899 |
| 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 | $338,253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,975,874 |
| Accounts payable and accrued expenses | $243,260 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $243,260 |
| Net assets without donor restrictions | $2,732,614 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,975,874 |