Affordable Senior Housing Foundation
- Assets
- $19.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 71
- Location
- San Diego, CA
- Founding
- 04/2018
- Data as of
- 06/2023
- EIN
- 82-3131789
Organization Overview
Affordable Senior Housing Foundation is located in San Diego, CA. The organization was established in 2018. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Affordable Senior Housing Foundation employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Senior Housing Foundation 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 Senior Housing Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 5 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
PROVIDING RESIDENTIAL CARE FOR PATIENTS AND THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESIDENTIAL CARE FOR PATIENTS AND ELDERLY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Parks Ceo/president | OfficerTrustee | 30 | $118,750 |
Tom Sutton Secretary/treas | OfficerTrustee | 30 | $95,000 |
Brigitta Lofvendahl Executive Dir. | Officer | 40 | $94,625 |
Lorii Sutton CFO | OfficerTrustee | 25 | $68,083 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arbor Contract Carpet Flooring Replacement | 6/29/23 | $204,233 |
D&c Painting Painting | 6/29/23 | $118,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,000 |
| Noncash contributions included in lines 1a–1f | $151,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,556 |
| Total Program Service Revenue | $5,219,398 |
| 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 | $5,672,493 |
| 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. | $212,090 |
| Compensation of current officers, directors, key employees. | $10,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,990,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,457 |
| Payroll taxes | $181,643 |
| 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 | $425,079 |
| Advertising and promotion | $0 |
| Office expenses | $53,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $588,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,643 |
| Insurance | $297,218 |
| All other expenses | $179,086 |
| Total functional expenses | $5,388,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,086 |
| Savings and temporary cash investments | $864,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470,857 |
| 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 | $392,017 |
| Net Land, buildings, and equipment | $11,870,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,535,239 |
| Other assets | $0 |
| Total assets | $19,792,981 |
| Accounts payable and accrued expenses | $391,738 |
| 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 | $19,057,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,449,589 |
| Net assets without donor restrictions | $343,392 |
| 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 | $19,792,981 |