Goleta Valley Professional Buildings Inc
- Assets
- $89.3m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 77-0004202
Organization Overview
Goleta Valley Professional Buildings Inc is located in Santa Barbara, CA. The organization was established in 1996. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goleta Valley Professional Buildings 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 12/2021, Goleta Valley Professional Buildings Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF GOLETA VALLEY PROFESSIONAL BUILDINGS, INC. IS TO PROVIDE THE TECHNICAL AND PHYSICAL ENVIRONMENT IN WHICH QUALITY HEALTH CARE CAN BE PROVIDED IN A RESPONSIBLE, DIGNIFIED AND EFFICIENT MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLETA VALLEY PROFESSIONAL BUILDINGS, INC. PROVIDES MEDICAL OFFICE SPACE FOR HEALTH CARE SERVICES TO THE COMMUNITY ADJACENT TO GOLETA VALLEY COTTAGE HOSPITAL, SANTA BARBARA COTTAGE HOSPITAL AND SANTA YNEZ VALLEY COTTAGE HOSPITAL. OFFICE SPACE IS LEASED TO MEDICAL PROVIDERS AND DEPARTMENTS OF THE HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Cearnal Collective Llp Architectural Services | 12/30/21 | $555,251 |
Parker Brown Inc Constuction Contractor | 12/30/21 | $4,086,761 |
Armstrong Associates Construction Contractor | 12/30/21 | $263,187 |
Cambron Roofing & Waterproofing Construction | 12/30/21 | $206,072 |
Swa Architects Architectural Services | 12/30/21 | $167,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,753,189 |
| 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 | $1,753,189 |
| Total Program Service Revenue | $6,661,190 |
| 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 | $8,414,379 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $219,143 |
| Fees for services: Legal | $495 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $653,244 |
| Advertising and promotion | $0 |
| Office expenses | $13,103 |
| Information technology | $92,131 |
| Royalties | $0 |
| Occupancy | $533,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $516,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,231,232 |
| Insurance | $54,228 |
| All other expenses | $0 |
| Total functional expenses | $5,177,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $399,530 |
| 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 | $60,992 |
| Net Land, buildings, and equipment | $86,654,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,343,424 |
| Accounts payable and accrued expenses | $1,188,359 |
| Grants payable | $0 |
| Deferred revenue | $215,637 |
| 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 | $23,335,076 |
| Total liabilities | $24,739,072 |
| Net assets without donor restrictions | $64,604,352 |
| 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 | $89,343,424 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goleta Valley Professional Buildings Inc has recieved totaling $1,753,189.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA PURPOSE: Support of Capital expenditures | $1,753,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |
Alliance For African Assistance San Diego, CA | $4,342,451 | $2,754,226 |
Samoan Community Development Center Incorporated San Francisco, CA | $808,922 | $2,608,203 |