Affordable Housing Cdc Inc
- Assets
- $10.5m
- Revenue
- $1.5m
- Investments
- $1.2m
- Employees
- 2
- Location
- Ladera Ranch, CA
- Founding
- 11/1997
- Data as of
- 06/2023
- EIN
- 77-0323691
Organization Overview
Affordable Housing Cdc Inc is located in Ladera Ranch, 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. As of 06/2023, Affordable Housing Cdc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Cdc 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 06/2023, Affordable Housing Cdc Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $434.0k during the year ending 06/2023. While expenses have increased by 3.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING OPTIONS TO LOW AND MODERATE INCOME FAMILIES AND SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREDEVELOPMENT, DEVELOPMENT, AND OPERATIONS RELATING TO NUMEROUS AFFORDABLE MULTI-FAMILY HOUSING PROPERTIES REPRESENTING APPROXIMATELY 4,000 RESIDENTIAL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Stalzer Exec. Director/president | OfficerTrustee | 40 | $223,535 |
James Nardini Secretary/director | OfficerTrustee | 1 | $0 |
David C Nahas Cfo/director | OfficerTrustee | 10 | $0 |
Chad D Jaeger Director | Trustee | 0.3 | $0 |
Jonathan D Parrish Director | Trustee | 0.3 | $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 | $706,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $706,000 |
| Total Program Service Revenue | $500,286 |
| Investment income | $260,729 |
| 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 | $1,467,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,633 |
| 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. | $314,381 |
| Compensation of current officers, directors, key employees. | $31,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $635 |
| Office expenses | $6,405 |
| Information technology | $15,845 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,884 |
| All other expenses | $220 |
| Total functional expenses | $434,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,373 |
| Savings and temporary cash investments | $7,547,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $576,635 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,990 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,177,521 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,727 |
| Total assets | $10,496,652 |
| Accounts payable and accrued expenses | $5,903 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,903 |
| Net assets without donor restrictions | $9,784,749 |
| Net assets with donor restrictions | $706,000 |
| 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 | $10,496,652 |
Grants Awarded
Over the last fiscal year, Affordable Housing Cdc Inc has awarded $6,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHRITIS FOUNDATION PURPOSE: CHARITABLE | $1,500 |
A NEW WAY OF LIFE PURPOSE: 20TH ANNUAL GALA | $3,000 |
PROJECT NEW HOPE PURPOSE: CHRISTMAS SPONSOR | $1,500 |