The@kelsey
- Assets
- $12.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2909645
Organization Overview
The@kelsey is located in San Francisco, CA. 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. As of 12/2021, The@kelsey employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@kelsey 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 12/2021, The@kelsey generated $4.0m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 89.9% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KELSEY ADVANCES DISABILITY-FORWARD HOUSING SOLUTIONS THAT OPEN DOORS TO HOMES AND OPPORTUNITIES FOR EVERYONE. WE BOTH CO-DEVELOP AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING AND LEAD ADVOCACY AND FIELD-BUILDING EFFORTS TO CREATE MARKET CONDITIONS SO INCLUSIVE HOUSING BECOMES THE NORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KELSEY HOUSING DEVELOPMENT PROJECTS: DESIGN, FINANCE AND DEVELOP 200+ UNITS OF NEW AFFORDABLE, ACCESSIBLE, INCLUSIVE HOURSING WITH 25% RESERVED FOR PEOPLE WITH DISABILITIES; WORK WITH PROPERTY OWNERS TO RESERVE AFFORDABLE UNITS FOR PEOPLE WITH DISABILITIES
INCLUSIVE DESIGN STANDARDS: DEVELOP A SET OF DESIGN AND OPERATIONAL STANDARDS THAT CAN BE USED BY DESIGNERS, DEVELOPERS AND POLICY MAKERS TO CREATE MORE AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING
FIELD BUILDING: BUILD AND EDUCATE A COMMUNITY OF PEOPLE WITH AND WITHOUT DISABILITIES THAT ADVOCATE FOR POLICIES THAT CREATE MORE AFFORDABLE, ACCESSIBLE INCLUSIVE HOUSING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micaela Connery CEO | Officer | 40 | $156,162 |
Caroline Bas COO | Officer | 40 | $102,057 |
Andraea Lavant Director | Trustee | 10 | $0 |
Aubrie Lee Director | Trustee | 10 | $0 |
Carol Weld King Director | Trustee | 10 | $0 |
Cate Sullivan Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,860,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,934,766 |
| Total Program Service Revenue | $0 |
| 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 | $4,017,787 |
| 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. | $438,593 |
| Compensation of current officers, directors, key employees. | $49,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,867 |
| Pension plan accruals and contributions | $3,792 |
| Other employee benefits | $50,286 |
| Payroll taxes | $61,413 |
| Fees for services: Management | $933 |
| Fees for services: Legal | $3,339 |
| Fees for services: Accounting | $63,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,547 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,946 |
| Advertising and promotion | $18,078 |
| Office expenses | $19,254 |
| Information technology | $9,423 |
| Royalties | $0 |
| Occupancy | $22,260 |
| Travel | $3,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,333 |
| Insurance | $11,078 |
| All other expenses | $24,067 |
| Total functional expenses | $1,267,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,907,828 |
| Savings and temporary cash investments | $128,440 |
| Pledges and grants receivable | $1,650,885 |
| Accounts receivable, net | $0 |
| 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 | $3,046 |
| Net Land, buildings, and equipment | $7,863,424 |
| Investments—publicly traded securities | $23,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,577,156 |
| Accounts payable and accrued expenses | $340,814 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| 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 | $6,154,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,995,373 |
| Net assets without donor restrictions | $4,048,946 |
| Net assets with donor restrictions | $1,532,837 |
| 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 | $12,577,156 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The@kelsey has recieved totaling $1,684,744.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $565,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $535,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $500,000 |
Epispace Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $30,000 |
The@bradford & Lauren Koenig Foundation Redwood City, CA PURPOSE: UNRESTRICTED | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |