Key Community Housing
- Assets
- $12.1m
- Revenue
- $1.0m
- Investments
- $45.3k
- Employees
- 3
- Location
- Pasadena, CA
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 71-1014135
Organization Overview
Key Community Housing is located in Pasadena, CA. The organization was established in 2008. 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. As of 12/2023, Key Community Housing employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Community Housing 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, Key Community Housing generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $973.7k during the year ending 12/2023. While expenses have increased by 2.4% 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
ACQUIRE, REMODEL, MAINTAIN, AND LEASE TO APPROPRIATE SERVICE PROVIDERS HOUSING STOCK FOR THE DEVELOPMENTALLY DISABLED IN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEY COMMUNITY HOUSING IS COMMITTED TO BEING THE CATALYST FOR ADDRESSING THE LACK OF SAFE, AFFORDABLE AND ACCESSIBLE HOUSING FOR COMMUNITY MEMBERS WITH VERY LOW INCOMES AND WITH SPECIAL NEEDS THROUGH COLLABORATIVE PARTNERSHIPS THAT CREATE AND MAINTAIN AFFORDABLE HOUSING OPTIONS WHICH GIVE PEOPLE OPPORTUNITIES TO LIVE IN A HOME OF THEIR OWN CHOICE.KEY COMMUNITY HOUSING IS PLEASED TO ANNOUNCE ANOTHER SUCCESSFUL YEAR AS HOMEOWNERS OF THE FULLY OCCUPIED ELEVEN HOUSING DEVELOPMENT PROJECTS. THE ORGANIZATION HAS WORKED DILIGENTLY IN RESPONDING TO THE HOUSING CRISIS IN SOUTHERN CALIFORNIA FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. IT HAS WORKED METICULOUSLY TO FULFILL THE ROLES AND RESPONSIBILITIES THAT HAVE BEEN ENTRUSTED TO IT IN ORDER TO MAKE OUR PROJECTS AN ONGOING SUCCESS FOR ALL PARTIES INVOLVED. THE ORGANIZATION CONTINUES TO WORK CLOSELY WITH THE SERVICE PROVIDERS TO CREATE A RESPONSIVE PROPERTY MANAGEMENT PROGRAM THAT HAS ENSURED THAT OUR HOMES ARE SAFE, COMFORTABLE, HIGH-QUALITY RESIDENCES FOR THE CONSUMERS AND THEIR FAMILIES, AND MEET ALL LICENSING REQUIREMENTS . THE ORGANIZATION HAS PROVIDED HOMES TO 46 COMMUNITY MEMBERS WITH SPECIAL HOUSING NEEDS. THE ORGANIZATION CONTINUES TO COMMIT TO CREATING A SOLUTION TO THE LACK OF SAFE, AFFORDABLE, AND ACCESSIBLE HOUSING FOR COMMUNITY MEMBERS WITH VERY LOW INCOMES AND SPECIAL HEALTH CARE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brown President | OfficerTrustee | 3 | $0 |
Rickey Bradley Vice President & Treasurer | OfficerTrustee | 3 | $0 |
Andrew White Director | OfficerTrustee | 1 | $0 |
Keith Buck Director | Trustee | 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 | $105,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,000 |
| Total Program Service Revenue | $894,057 |
| Investment income | $2,944 |
| 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 | $1,002,001 |
| 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 | $191,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,393 |
| Advertising and promotion | $0 |
| Office expenses | $9,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $363,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,032 |
| Insurance | $40,097 |
| All other expenses | $5,680 |
| Total functional expenses | $973,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,661 |
| Savings and temporary cash investments | $645,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,904 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,021,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,344 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,094,125 |
| Accounts payable and accrued expenses | $2,214 |
| 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 | $6,874,680 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $360,064 |
| Total liabilities | $7,236,958 |
| Net assets without donor restrictions | $4,768,660 |
| Net assets with donor restrictions | $88,507 |
| 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 | $12,094,125 |