Charities Housing Development Corp Of Santa Clara County
- Assets
- $123.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 82
- Location
- San Jose, CA
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 77-0359848
Organization Overview
Charities Housing Development Corp Of Santa Clara County is located in San Jose, CA. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Charities Housing Development Corp Of Santa Clara County employed 82 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Charities Housing Development Corp Of Santa Clara County 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, Charities Housing Development Corp Of Santa Clara County generated $9.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. 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
TO ACT AS A DEVELOPER OF PUBLICLY ASSISTED HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITIES HOUSING DEVELOPMENT CORPORATION DEVELOPS QUALITY, AFFORDABLE, HOUSING FOR EXTREMELY LOW AND MODERATE-INCOME FAMILIES.
THE ORGANIZATION IS CURRENTLY MANAGING 1,428 PUBLICLY ASSISTED HOUSING PROPERTIES (1,266 DIRECTLY MANAGED) AVAILABLE TO EXTREMELY LOW AND MODERATE-INCOME HOUSEHOLDS. THROUGH SERVICE-ENHANCED PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, CHDC CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.2,644 PERSONS WERE SERVED DURING THE YEAR.
THE ORGANIZATION OWNS AND OPERATES 66 UNITS OF HOUSING FOR LOW AND MODERATE-INCOME HOUSEHOLDS. THROUGH SERVICE-ENHANCED PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, CHDC CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.66 PERSONS WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Wu Executive Director | OfficerTrustee | 40 | $206,171 |
Mark Mikl Deputy Exec. Dir | Officer | 40 | $195,133 |
Kathleen Robinson Director Of Development | Officer | 40 | $180,861 |
Terri Fukuda Controller | Officer | 40 | $164,021 |
Lisa Caldwell Director Of Property Management | Officer | 40 | $155,548 |
Carol Mowat Finance Manager | 40 | $143,371 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Studio E Architects Architect | 12/30/21 | $641,540 |
David Baker Architects Architect | 12/30/21 | $606,920 |
Mithun Architect | 12/30/21 | $329,541 |
Armanino Llp Audit/tax Prep | 12/30/21 | $156,529 |
Blach Construction Survey/engineering | 12/30/21 | $219,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,741,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,092,601 |
| Total Program Service Revenue | $8,313,571 |
| Investment income | $794,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$160,912 |
| Net Gain/Loss on Asset Sales | -$1,537,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,533,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,313 |
| 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. | $1,070,975 |
| Compensation of current officers, directors, key employees. | $287,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,912,068 |
| Pension plan accruals and contributions | $93,604 |
| Other employee benefits | $178,188 |
| Payroll taxes | $209,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,168 |
| Fees for services: Accounting | $150,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,378 |
| Advertising and promotion | $5,860 |
| Office expenses | $187,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,568 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,437 |
| Interest | $374,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $671,940 |
| Insurance | $121,453 |
| All other expenses | $0 |
| Total functional expenses | $6,291,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,738,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $35,674,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $91,778 |
| Net Land, buildings, and equipment | $22,207,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,369,769 |
| Intangible assets | $0 |
| Other assets | $39,178,228 |
| Total assets | $123,331,448 |
| Accounts payable and accrued expenses | $1,037,466 |
| Grants payable | $0 |
| Deferred revenue | $12,265 |
| 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 | $50,858,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,582,297 |
| Total liabilities | $55,490,618 |
| Net assets without donor restrictions | $67,840,830 |
| 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 | $123,331,448 |
Grants Awarded
Over the last fiscal year, Charities Housing Development Corp Of Santa Clara County has awarded $57,773 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fremont, CA PURPOSE: SUPPORT OF RELATED PROGRAM SERVICE | $46,673 |
San Jose, CA PURPOSE: EVENT SPONSORSHIP | $5,600 |
Sacramento, CA PURPOSE: ANNUAL CONFERENCE SPONSORSHIP AND MEMBERSHIP FEE | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charities Housing Development Corp Of Santa Clara County has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Hale Mahaolu Kahului, HI | $62,797,850 | $14,655,033 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |