Edna-Islay Housing Corporation
- Assets
- $4.0m
- Revenue
- $647.6k
- Investments
- $239.9k
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 93-0978527
Organization Overview
Edna-Islay Housing Corporation is located in San Luis Obispo, CA. The organization was established in 1989. 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. Edna-Islay Housing Corporation 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, Edna-Islay Housing Corporation generated $647.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $615.4k during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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
LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES LOW INCOME HOUSING (23 UNITS) TO ELIGIBLE TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Beck Director | Trustee | $0 | |
Charles Crotser President | OfficerTrustee | $0 | |
Janet Kourakis Secretary | OfficerTrustee | $0 | |
Linda Minton Vice Preside | OfficerTrustee | $0 | |
Ken Litzinger CFO | Officer | $0 | |
Michelle Pedigo Deputy CFO | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $645,961 |
| Investment income | $1,598 |
| 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 | $647,559 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $35,672 |
| Fees for services: Legal | $6,278 |
| Fees for services: Accounting | $12,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,221 |
| Insurance | $16,603 |
| All other expenses | $13,341 |
| Total functional expenses | $615,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,026 |
| Savings and temporary cash investments | $597,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,332 |
| 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 | $18,668 |
| Net Land, buildings, and equipment | $2,312,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $239,883 |
| Investments—program-related | $0 |
| Intangible assets | $1,014 |
| Other assets | $46,897 |
| Total assets | $3,995,644 |
| Accounts payable and accrued expenses | $282,822 |
| 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 | $2,440,006 |
| Other liabilities | $50,539 |
| Total liabilities | $2,773,367 |
| Net assets without donor restrictions | $1,222,277 |
| 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 | $3,995,644 |