Terner Housing Innovation Labs Inc
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2022
- EIN
- 85-2274605
Organization Overview
Terner Housing Innovation Labs Inc, operating under the name Terner Labs, is located in Oakland, CA. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Terner Labs employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terner Labs 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, Terner Labs generated $1.7m in total revenue. All expenses for the organization totaled $850.6k during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE PUBLIC AND PROMOTE INNOVATION TO INCREASE HOUSING AFFORDABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING LAB - THIS PROGRAM SERVES AS AN INCUBATOR, FUNDING AND GROWING ORGANIZATIONS WHOSE WORK IS IN LINE WITH THE ORGANIZATION'S MISSION. TERNER LABS' INCUBATOR PROGRAM SUPPORTS ORGANIZATIONS THAT BUILD, MANAGE, AND FINANCE HOUSING OR PROVIDE TECHNOLOGICAL PLATFORMS THAT SUPPORT THESE ACTIVITIES AND THAT ARE IN LINE WITH THE ORGANIZATION' S MISSION. PARTICIPANTS UNDERGO A 6-MONTH PROGRAM WHICH CONSISTS OF IN-PERSON AND VIRTUAL EDUCATIONAL OPPORTUNITIES, ONE-ON-ONE COACHING, MATCHING WITH HIGH-QUALITY ADVISORS, REVIEW OF ITS BUSINESS MODEL, ASSISTANCE NAVIGATING HOUSING POLICY, AND RECEIVING NEEDED CAPITAL. THE HOUSING LAB ACCEPTS PROPOSALS ANNUALLY FROM BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS. EACH PROPOSAL MUST INCLUDE AT LEAST AN EXECUTIVE SUMMARY, DESCRIPTION OF THE PROJECT GOALS, AND A PROPOSED STRATEGY CONTEMPLATING A DESCRIPTION OF THE INNOVATION, IMPACT, BUDGET AND PERSONNEL NECESSARY TO GROW AS AN ORGANIZATION.
THE HOUSING AFFORDABILITY DATA LAB - A PLATFORM WITH TRANSPARENT DATABASES, ANALYTICAL TOOLS, AND TECHNICAL ASSISTANCE FOR GOVERNMENT ENTITIES AND POLICY-MAKERS TO UNDERSTAND AND ACCESS DATA RELATED TO HOUSING PRODUCTION AND CONSUMPTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Boyd Chief Strategy Officer | Officer | 40 | $54,416 |
Carol Galante Board Chair | OfficerTrustee | 5 | $0 |
Ophelia Basgal Treasurer & Secretary | OfficerTrustee | 4 | $0 |
Catherine Bracy Director | Trustee | 1 | $0 |
Adam Briones Director | Trustee | 1 | $0 |
Alexander Lofton Director | Trustee | 1 | $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 | $1,698,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,698,890 |
| 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 | $1,700,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,000 |
| 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. | $153,140 |
| Compensation of current officers, directors, key employees. | $56,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,384 |
| Pension plan accruals and contributions | $6,638 |
| Other employee benefits | $22,357 |
| Payroll taxes | $22,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,287 |
| Fees for services: Accounting | $5,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,083 |
| Advertising and promotion | $32,243 |
| Office expenses | $91 |
| Information technology | $1,577 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,980 |
| All other expenses | $0 |
| Total functional expenses | $850,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,261,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,261,706 |
| Accounts payable and accrued expenses | $14,533 |
| 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 | $0 |
| Total liabilities | $14,533 |
| 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 | $1,247,173 |
| Total liabilities and net assets/fund balances | $1,261,706 |
Grants Awarded
Over the last fiscal year, Terner Housing Innovation Labs Inc has awarded $325,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNCHARTED PURPOSE: REGRANTING FOR 2022 COHORT THROUGH UNCHARTED | $150,000 |
TRUST NEIGHBORHOODS PURPOSE: GENERAL SUPPORT | $100,000 |
LOS ANGELES ROOM AND BOARD PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sv Home San Jose, CA | $1,834,371 | $1,087,707 |
California Housing Consortium Agoura Hills, CA | $865,273 | $1,083,731 |
Terner Housing Innovation Labs Inc Oakland, CA | $1,261,706 | $1,700,786 |
Nevada Housing Coalition Las Vegas, NV | $582,608 | $661,838 |
Vets Advocacy Inc Los Angeles, CA | $168,664 | $221,001 |
Coalition For Housing Accessibility Needs Choices & Equality Inc Santa Barbara, CA | $175,954 | $0 |
More Housing Now Portland, OR | $456,649 | $0 |
Housing Hawaiis Future Honolulu, HI | $111,511 | $200,540 |
Coastal Housing Coalition Santa Barbara, CA | $102,186 | $0 |
Research Ranch Foundation Tucson, AZ | $94,195 | $376 |