Mammoth Lakes Housing Inc
- Assets
- $10.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Mammoth Lakes, CA
- Founding
- 06/2004
- Data as of
- 06/2024
- EIN
- 72-1553662
Organization Overview
Mammoth Lakes Housing Inc is located in Mammoth Lakes, CA. The organization was established in 2004. 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 06/2024, Mammoth Lakes Housing Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mammoth Lakes Housing Inc 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 06/2024, Mammoth Lakes Housing Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $675.6k during the year ending 06/2024. While expenses have increased by 6.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EASTERN SIERRA COMMUNITY HOUSING SUPPORTS WORKFORCE HOUSING FOR A VIABLE ECONOMY AND A SUSTAINABLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION, THE ORGANIZATION HAS TURNED ITS INITIAL START-UP FUNDS OF $210,000, INTO NEARLY $62 MILLION IN GRANTS, BONDS, AND TAX CREDITS FOR WORKFORCE HOUSING AND DIRECTLY CREATED 130 RENTAL AND OWNERSHIP HOMES WITHIN THE TOWN OF MAMMOTH LAKES. THROUGH HOME BUYER ASSISTANCE PROGRAMS IN MONO COUNTY, THE TOWN OF MAMMOTH LAKES, AND THE CITY OF BISHOP, THE ORGANIZATION HAS ASSISTED 125 (AS OF FEB. 2019) HOUSEHOLDS PURCHASE SAFE, AFFORDABLE HOUSING. AMONG OTHER SERVICES, ESCH PROVIDES STEWARDSHIP OF 50+ COMMUNITY LAND TRUST OWNERSHIP HOMES. THE ORGANIZATION NOW INCLUDES A FOUR FULL-TIME STAFF AND A NINE-MEMBER BOARD OF DIRECTORS WHICH ACTIVELY WORK TO FULFILL THEIR MISSION TO SUPPORT WORKFORCE HOUSING FOR A VIABLE LOCAL ECONOMY AND A SUSTAINABLE COMMUNITY. THROUGH COLLABORATIVE PUBLIC/PRIVATE PARTNERSHIPS WITH LOCAL JURISDICTIONS AND FOR-PROFIT RESORT AND HOUSING DEVELOPERS, ESCH IS INCREASING THE SUPPLY OF HOUSING THAT IS AFFORDABLE TO THE EASTERN SIERRAS WORKFORCE AND FAMILIES. ESCH HAS BEEN SUCCESSFUL IN PROVIDING HOUSING THROUGH A VARIETY OF PROGRAMS. UTILIZING STATE, FEDERAL, AND LOCAL FUNDING SOURCES EASTERN SIERRA COMMUNITY HOUSING HAS DEVELOPED AND/OR REHABILITATED NEARLY 200 HOMES IN THE REGION. ESCH CURRENTLY OPERATES A DOWN PAYMENT ASSISTANCE PROGRAM TO HELP HOMEBUYERS INTO HOMEOWNERSHIP. RECENTLY, THE ORGANIZATION PURCHASED A COMMERCIAL BUILDING WITH THE INTENTION OF CONVERTING IT INTO AN AFFORDABLE RENTAL DEVELOPMENT.ESCH HAS WORKED CLOSELY WITH THE TOWN OF MAMMOTH LAKES TO IMPLEMENT THE HOUSING ELEMENT AND THE HOUSING REQUIREMENTS OF THE TOWNS MUNICIPAL CODE. THIS CONTRACTUAL RELATIONSHIP HAS EFFECTIVELY SECURED A GRANT AND OTHER FUNDING, DEVELOPED A MORE EFFECTIVE DEED RESTRICTION PROGRAM, AND SPURRED THE DEVELOPMENT OF AFFORDABLE UNITS TO MEET THE REGIONAL HOUSING NEEDS, DETERMINED BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Robertson Secretary, Ed | Officer | 40 | $125,256 |
Kirk Strapp President | OfficerTrustee | 2 | $0 |
Tom Hodges Vice President | OfficerTrustee | 2 | $0 |
Lindsay Barksdale Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Kreitz Director | Trustee | 1 | $0 |
Amanda Rice Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $617,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,418 |
| Total Program Service Revenue | $477,332 |
| Investment income | $992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,429,098 |
| 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. | $125,256 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,885 |
| Payroll taxes | $22,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,752 |
| Fees for services: Accounting | $12,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,427 |
| Office expenses | $25,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,144 |
| Interest | $17,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,516 |
| Insurance | $54,066 |
| All other expenses | $28,699 |
| Total functional expenses | $675,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,089 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,706 |
| Net Land, buildings, and equipment | $9,638,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,188 |
| Total assets | $10,793,514 |
| Accounts payable and accrued expenses | $472,986 |
| Grants payable | $0 |
| Deferred revenue | $51,450 |
| 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 | $1,300,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,969,264 |
| Total liabilities | $7,794,140 |
| Net assets without donor restrictions | $2,902,394 |
| Net assets with donor restrictions | $96,980 |
| 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 | $10,793,514 |