Aslan Housing Foundation
- Assets
- $9.1m
- Revenue
- $621.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Redwood City, CA
- Founding
- 08/2018
- Data as of
- 05/2024
- EIN
- 83-0913511
Organization Overview
Aslan Housing Foundation is located in Redwood City, CA. The organization was established in 2018. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 05/2024, Aslan Housing Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aslan 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 05/2024, Aslan Housing Foundation generated $621.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $256.3k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE PASTORAL HOUSING TO SUPPORTED MINISTRIES INCL. PENINSULA COVENANT CHURCH (PCC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PATHWAYSTO SUPPORT MORE PCC PASTORS WITH AFFORDABLE HOUSING, WE SOLD ONE 3/2 HOUSE, BOUGHT AND REFURBISHED A DUPLEX OF 2/2S, BUILT A JADU, AND REFURBISHED A 3-BR HOUSE. PASTORS IN SAN FRANCISCO AND MANTECA BOUGHT HOMES THROUGH OUR DOWN PAYMENT ASSISTANCE PROGRAM. WE RAISED $5,872,441 IN EQUITY SHARE FUNDS FOR THE ACQUISITION OF THESE HOMES AND OTHERS THAT ARE NOT YET ON OUR BALANCE SHEET. WE PROVIDED CONSULTING SERVICES TO 15+ CHURCHES AND MINISTRIES THROUGHOUT CALIFORNIA. WE SUPPORT AN ONLINE MARKETPLACE WHERE MINISTRY STAFF CAN FIND HOUSING AND LANDLORDS CAN LIST AVAILABLE BELOW MARKET RENTALS.
COACHING:ASLAN OFFERS 1:1 COACHING TO PASTORS. WE REVIEW HOUSING ALLOWANCES FOR ACCURACY. WE ARE A SAFE SPACE FOR MINISTERS TO SHARE THEIR HOUSING BURDENS.DISCIPLING STAKEHOLDERS:ASLAN STAFFS THE HOUSING COMMITTEE OF SUPPORTED ORGANIZATION PENINSULA COVENANT CHURCH (PCC). WITH OTHER CHURCHES, SCHOOLS, AND MINISTRIES WE DIRECTLY SERVE, WE SHARE WHAT THE BIBLE SAYS ABOUT THE RESPONSIBILITIES OF LAY PEOPLE TO PASTORS AND MINISTRY STAFF. WE PROVIDE INFORMATION ON EFFECTIVE DONATION AND INVESTMENT STRATEGIES FOR PASTORAL HOUSING EQUITY SHARES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Morton Director/chairman | OfficerTrustee | 1 | $0 |
Nicole Bergeron President/ceo | OfficerTrustee | 40 | $138,350 |
Scott Armienti Treasurer | OfficerTrustee | 3 | $0 |
Daniela Pedley Vice-Chairman | OfficerTrustee | 1 | $0 |
Scott Tyndall Secretary | OfficerTrustee | 3 | $0 |
Janet Chuang Director | Trustee | 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 | $243,359 |
| Noncash contributions included in lines 1a–1f | $40,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,359 |
| Total Program Service Revenue | $50,141 |
| Investment income | $58,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$176,321 |
| Net Gain/Loss on Asset Sales | $446,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,249 |
| 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. | $155,066 |
| Compensation of current officers, directors, key employees. | $31,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,238 |
| Payroll taxes | $985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,296 |
| Fees for services: Accounting | $9,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,557 |
| Advertising and promotion | $0 |
| Office expenses | $1,623 |
| Information technology | $7,839 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,276 |
| All other expenses | $0 |
| Total functional expenses | $256,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,223 |
| Savings and temporary cash investments | $2,073,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,551,486 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,106,373 |
| Investments—publicly traded securities | $695,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,992 |
| Total assets | $9,109,876 |
| Accounts payable and accrued expenses | $17,300 |
| 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 | $3,454,151 |
| Total liabilities | $3,471,451 |
| Net assets without donor restrictions | $0 |
| 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 | $5,638,425 |
| Total liabilities and net assets/fund balances | $9,109,876 |