Sequoia Affordable Housing Foundation
- Assets
- $7.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Escondido, CA
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 83-2421888
Organization Overview
Sequoia Affordable Housing Foundation is located in Escondido, CA. The organization was established in 2019. 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 06/2022, Sequoia Affordable Housing Foundation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequoia Affordable 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 06/2022, Sequoia Affordable Housing Foundation generated $2.0m in total revenue. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 108.0% per year over the past 4 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
2022
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 THE ELDERLY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatrice Bracamonte Fmr Exec Dir | Officer | 40 | $85,310 |
Matthew Parks President | OfficerTrustee | 15 | $0 |
Daniel Haslam Secretary | OfficerTrustee | 2 | $0 |
Daniel Collins Director | Trustee | 1 | $0 |
Bree Lofvendahl Interim Ed | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,000 |
| 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 | $147,000 |
| Total Program Service Revenue | $1,898,560 |
| 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 | $2,045,560 |
| 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. | $61,769 |
| Compensation of current officers, directors, key employees. | $7,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,081 |
| Payroll taxes | $0 |
| Fees for services: Management | $144,000 |
| 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 | $43,979 |
| Advertising and promotion | $27,788 |
| Office expenses | $41,490 |
| Information technology | $18,379 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $398,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,452 |
| Insurance | $64,574 |
| All other expenses | $167,561 |
| Total functional expenses | $2,409,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,219 |
| 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 | $75,129 |
| Net Land, buildings, and equipment | $6,516,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $390,825 |
| Other assets | $0 |
| Total assets | $7,204,737 |
| Accounts payable and accrued expenses | $321,646 |
| 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 | $345,676 |
| Secured mortgages and notes payable | $7,608,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,275,345 |
| Net assets without donor restrictions | -$1,070,608 |
| 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 | $7,204,737 |