Alta Housing is located in Palo Alto, CA. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alta Housing 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 12/2022, Alta Housing generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. 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
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE, OPERATE LOW AND MODERATE INCOME HOUSING IN PALO ALTO, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW- AND MODERATE-INCOME HOUSING FOR INDIVIDUALS AND FAMILIES IN PALO ALTO, CA.
CONSULTING SERVICES FOR LOW INCOME HOUSING PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jean Mccown Chair | OfficerTrustee | 1 | $0 |
Jack Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Bonnie Packer Secretary | OfficerTrustee | 1 | $0 |
Menka Sethi Treasurer | OfficerTrustee | 1 | $0 |
Joseph Martignetti Jr Vice Chair | OfficerTrustee | 1 | $0 |
Margaret Sloan Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $3,377,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $550 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,377,550 |
Total Program Service Revenue | $3,010,095 |
Investment income | $322,323 |
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 | $6,709,968 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,879,444 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $387,366 |
Payroll taxes | $126,540 |
Fees for services: Management | $53,247 |
Fees for services: Legal | $7,660 |
Fees for services: Accounting | $65,894 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $86,347 |
Advertising and promotion | $14,780 |
Office expenses | $0 |
Information technology | $23,023 |
Royalties | $0 |
Occupancy | $154,681 |
Travel | $20,379 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $182,733 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $106,834 |
Insurance | $53,954 |
All other expenses | $90,516 |
Total functional expenses | $4,182,690 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,721,721 |
Savings and temporary cash investments | $2,264,063 |
Pledges and grants receivable | $299,062 |
Accounts receivable, net | $29,886 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,521,202 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $114,326 |
Net Land, buildings, and equipment | $20,214,671 |
Investments—publicly traded securities | $0 |
Investments—other securities | $12,620,838 |
Investments—program-related | $269,038 |
Intangible assets | $0 |
Other assets | $19,180,934 |
Total assets | $58,235,741 |
Accounts payable and accrued expenses | $9,219 |
Grants payable | $0 |
Deferred revenue | $8,231 |
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 | $5,716,875 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,683,411 |
Total liabilities | $16,417,736 |
Net assets without donor restrictions | $41,818,005 |
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 | $58,235,741 |