Central Valley Coalition For Affordable Housing
- Assets
- $84.3m
- Revenue
- $31.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Merced, CA
- Founding
- 09/1994
- Data as of
- 09/2023
- EIN
- 77-0242399
Organization Overview
Central Valley Coalition For Affordable Housing is located in Merced, CA. The organization was established in 1994. 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 09/2023, Central Valley Coalition For Affordable Housing employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Valley Coalition For Affordable 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 09/2023, Central Valley Coalition For Affordable Housing generated $31.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $28.7m during the year ending 09/2023. 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
THE SPECIFIC AND PRIMARY PURPOSES ARE TO PROVIDE HOUSING FOR LOW INCOME FAMILIES AND ELDERLY AND HANDICAPPED PERSONS WHO CANNOT AFFORD DECENT, SAFE AND SANITARY HOUSING, BY CONSTRUCTING, REHABILITATION, OWNING, AND OPERATING HOUSING UNITS, AND THE SALE OR RENTAL OF THE SAME TO THE POOR, UNDERPRIVILEGED, HANDICAPPED AND ELDERLY, IN CONJUNCTION WITH LOCAL, STATE AND FEDERAL LOW INCOME HOUSING PROGRAMS, AND TO PROVIDE RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF SAID FAMILIES AND PERSONS WHICH CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS, AND TO HEREBY, INTER-ALIA, AMELIORATE THE EXISTING HOUSING SHORTAGE, PROVIDE RELIEF FOR THE POOR, DISTRESSED AND UNDERPRIVILEGED, LESSEN THE BURDENS OF GOVERNMENT, AND COMBAT COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL VALLEY COALITION FOR AFFORDABLE HOUSING'S PROGRAMS SUPPORTS THE OPERATION OF AFFORDABLE HOUSING APARTMENTS, HOUSES AND MANAGEMENT OF VARIOUS AFFORDABLE HOUSING LIMITED PARTNERSHIPS FOR LOW AND MODERATE INCOME PERSONS AND INCLUDES ACTIVITIES OF ASSET MANAGEMENT, HOUSING DEVELOPMENT, CONSULTING SERVICES, CONSTRUCTION MANAGEMENT AND FINANCIAL SERVICES SPECIFICALLY RELATED TO THE DEVELOPMENT OF AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Jenkins President | OfficerTrustee | 4 | $0 |
Steven Simmons Vice-President | OfficerTrustee | 4 | $0 |
Maryam Shabazz Director | Trustee | 4 | $0 |
Dennis Mineni Director | Trustee | 4 | $0 |
Tom Mccall Director | Trustee | 4 | $0 |
Cindy Morse Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,375,586 |
| 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 | $25,375,586 |
| Total Program Service Revenue | $4,465,893 |
| Investment income | $619,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $645,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,106,692 |
| 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. | $923,217 |
| Compensation of current officers, directors, key employees. | $548,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,188 |
| Pension plan accruals and contributions | $32,898 |
| Other employee benefits | $288,011 |
| Payroll taxes | $91,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,526 |
| Fees for services: Accounting | $185,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $855 |
| Office expenses | $375 |
| Information technology | $56,326 |
| Royalties | $0 |
| Occupancy | $162,514 |
| Travel | $58,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $526,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,309 |
| Insurance | $87,596 |
| All other expenses | $319,719 |
| Total functional expenses | $28,665,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,581 |
| Savings and temporary cash investments | $12,579,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,149,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,267,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,690 |
| Net Land, buildings, and equipment | $9,192,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,255,243 |
| Intangible assets | $0 |
| Other assets | $5,006,349 |
| Total assets | $84,253,976 |
| Accounts payable and accrued expenses | $2,016,659 |
| 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 | $13,060,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,916,037 |
| Total liabilities | $55,993,272 |
| Net assets without donor restrictions | $25,998,989 |
| Net assets with donor restrictions | $2,261,715 |
| 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 | $84,253,976 |