Sunset Charities Housing Corporation
- Assets
- $11.6m
- Revenue
- $666.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 77-0568015
Organization Overview
Sunset Charities Housing Corporation is located in San Jose, CA. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Sunset Charities Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME PERSONS IN SANTA CLARA COUNTY, CALIFORNIA WITH HOUSING FACILITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OPERATION OF WESTWOOD AMBASSADOR APARTMENTS ("WESTWOOD"), A 42-UNIT APARTMENT COMPLEX IN SANTA CLARA, CALIFORNIA FOR LOW AND MODERATE INCOME HOUSEHOLDS. 70 INDIVIDUALS WERE SERVED DURING THE 12/31/2022 YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Kepferle President | OfficerTrustee | 0.5 | $0 |
Mark Mikl Executive Director | OfficerTrustee | 0.5 | $0 |
Kathleen Robinson Director Of Development | Officer | 0.5 | $0 |
Lisa Caldwell Director Of Property Management | Officer | 0.5 | $0 |
Terri Fukuda Controller | Officer | 0.5 | $0 |
Dan Wu Executive Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,963 |
| 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 | $237,963 |
| Total Program Service Revenue | $428,279 |
| Investment income | $276 |
| 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 | $666,518 |
| 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 | $33,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,100 |
| Payroll taxes | $2,668 |
| Fees for services: Management | $37,714 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,994 |
| Advertising and promotion | $5,611 |
| Office expenses | $9,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,949 |
| Travel | $936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95 |
| Interest | $88,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,051 |
| Insurance | $0 |
| All other expenses | $1,267 |
| Total functional expenses | $513,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,000 |
| Accounts receivable, net | $131,306 |
| 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 | $4,362 |
| Net Land, buildings, and equipment | $10,700,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,025 |
| Total assets | $11,552,929 |
| Accounts payable and accrued expenses | $1,613,887 |
| Grants payable | $0 |
| Deferred revenue | $993 |
| 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 | $8,087,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,936 |
| Total liabilities | $9,732,676 |
| Net assets without donor restrictions | $1,820,253 |
| 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 | $11,552,929 |