Compass Affordable Housing Inc
- Assets
- $6.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Tucson, AZ
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 86-0708645
Organization Overview
Compass Affordable Housing Inc is located in Tucson, AZ. The organization was established in 1993. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Compass Affordable Housing Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Affordable Housing Inc 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, Compass Affordable Housing Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 18.2% per year over the past 6 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
PROVIDE AND MANAGE AFFORDABLE HOUSING AND SUPPORT SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CONSULTING SERVICES, GRANT WRITING, PROGRAM DEVELOPMENT, AND HOUSING DEVELOPMENT AND ASSISTANCE TO NON-PROFITS, GOVERNMENTAL AGENCIES, AND COMMUNITY ORGANIZATIONS. PROVIDING DIRECT ASSISTANCE TO LOW INCOME HOUSEHOLDS, HOUSING TO LOW INCOME AND SPECIAL-NEEDS HOUSEHOLDS, AND OTHER SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosi A Andrade Vice President | OfficerTrustee | 2 | $0 |
Richard Mullen Secretary/treasurer | OfficerTrustee | 2 | $0 |
Laurel Parker President | OfficerTrustee | 5 | $0 |
Bernadette Jilka Director - Honorary | Trustee | 0 | $0 |
Terry Mcnellis Director | Trustee | 2 | $0 |
Charlene Robinson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,576,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,665,640 |
| Total Program Service Revenue | $374,464 |
| Investment income | $125,101 |
| 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 | $2,192,526 |
| 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. | $127,320 |
| Compensation of current officers, directors, key employees. | $50,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,186 |
| Payroll taxes | $56,168 |
| Fees for services: Management | $86,853 |
| Fees for services: Legal | $1,224 |
| Fees for services: Accounting | $10,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,241 |
| Advertising and promotion | $1,868 |
| Office expenses | $20,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,750 |
| Travel | $691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,282 |
| Insurance | $19,466 |
| All other expenses | $10,418 |
| Total functional expenses | $2,108,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,367 |
| Savings and temporary cash investments | $978,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,482,325 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,337 |
| Net Land, buildings, and equipment | $2,850,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,377 |
| Total assets | $6,746,041 |
| Accounts payable and accrued expenses | $40,166 |
| Grants payable | $0 |
| Deferred revenue | $718,506 |
| 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 | $3,574,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,761 |
| Total liabilities | $4,359,433 |
| Net assets without donor restrictions | $2,386,608 |
| 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 | $6,746,041 |