Ellison I Housing Corporation
- Assets
- $3.0m
- Revenue
- $627.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chico, CA
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 68-0389884
Organization Overview
Ellison I Housing Corporation is located in Chico, CA. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Ellison I Housing 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 12/2023, Ellison I Housing Corporation generated $627.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $768.8k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHY, SUSTAINABLE, AFFORDABLE HOUSING TO QUALIFIED RESIDENTS OF RED BLUFF, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A 92-UNIT RENTAL HOUSING COMPLEX SPECIFICALLY FOR LOW-INCOME PERSONS LOCATED IN RED BLUFF, CALIFORNIA, WHICH IS CURRENTLY OPERATING UNDER THE NAME BRICKYARD CREEK APARTMENTS (THE PROJECT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Holcombe Chair | OfficerTrustee | 0.1 | $0 |
Dave Burkland Director | Trustee | 0.1 | $0 |
Joseph Feist Director | Trustee | 0.1 | $0 |
Katie Fowkes Director | Trustee | 0.1 | $0 |
David Goodson Vice Chair | OfficerTrustee | 0.1 | $0 |
Vanessa Haro Director | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $627,263 |
| 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 | $627,263 |
| 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 | $149,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,164 |
| Payroll taxes | $8,688 |
| Fees for services: Management | $77,280 |
| Fees for services: Legal | $1,263 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $496 |
| Office expenses | $3,722 |
| 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 | $104,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,308 |
| Insurance | $53,386 |
| All other expenses | $43,833 |
| Total functional expenses | $768,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,262 |
| 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 | $44,098 |
| Net Land, buildings, and equipment | $2,621,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,079 |
| Total assets | $2,976,608 |
| Accounts payable and accrued expenses | $86,430 |
| 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 | $3,479,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,436,818 |
| Total liabilities | $6,002,665 |
| Net assets without donor restrictions | -$3,026,057 |
| 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 | $2,976,608 |