Almond Court Inc
- Assets
- $6.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Visalia, CA
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 77-0413862
Organization Overview
Almond Court Inc is located in Visalia, CA. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Almond Court 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 12/2023, Almond Court Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $881.0k during the year ending 12/2023. While expenses have increased by 35.3% per year over the past 9 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE .01% GENERAL PARTNER IN VILLA HERMOSA PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES VILLA HERMOSA, A 40-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN WASCO, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE .01% GENERAL PARTNER IN SUNRISE VILLA PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES SUNRISE VILLA APARTMENTS, A 44-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN WASCO, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN CALIENTE CREEK PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES CALIENTE CREEK APARTMENTS, A 46-UNIT RENTAL HOUSING COMPLEX LOCATED IN ARVIN, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN GOSHEN VILLAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES GOSHEN VILLAGE APARTMENTS, A 64-UNIT RENTAL HOUSING COMPLEX LOCATED IN GOSHEN, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN ROLLING HILLS PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES ROLLING HILLS APARTMENTS, A 52-UNIT RENTAL HOUSING COMPLEX LOCATED IN NEWMAN, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN WASHINGTON PLAZA PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES EARLIMART VILLAGE APARTMENTS, A 44-UNIT RENTAL HOUSING COMPLEX LOCATED IN EARLIMART, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN SAND CREEK PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES OROSI VILLAGE APARTMENTS, A 60-UNIT HOUSING COMPLEX LOCATED IN OROSI, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN BIOLA VILLAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES BIOLA VILLAGE APARTMENTS, A 44-UNIT HOUSING COMPLEX LOCATED IN BIOLA, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN LINCOLN PLAZA, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES LINCOLN PLAZA APARTMENTS, A 40-UNIT HOUSING COMPLEX LOCATED IN HANFORD, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNER IN VILLA DEL REY PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES VILLA DEL REY APARTMENTS, A 48-UNIT HOUSING COMPLEX LOCATED IN DEL REY, CA.ALSO TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS AS THE 99.99% LIMITED PARTNERS IN PARKSDALE VILLAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES PARKSDALE VILLAGE APARTMENTS, A 48-UNIT HOUSING COMPLEX LOCATED IN MADERA, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ebenezer Secretary | OfficerTrustee | 1 | $0 |
Tom Collishaw President | OfficerTrustee | 1 | $0 |
Susan Zachary-Kreps Director | Trustee | 1 | $0 |
Tina Sumner Director | Trustee | 1 | $0 |
Martha Renteria Director | Trustee | 1 | $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 | $1,485,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,485,709 |
| Total Program Service Revenue | $30,000 |
| 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 | $1,515,709 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $30,012 |
| Total functional expenses | $881,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,905,802 |
| Total assets | $6,038,740 |
| Accounts payable and accrued expenses | $32,938 |
| 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 | $32,938 |
| Net assets without donor restrictions | $6,005,802 |
| 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 | $6,038,740 |