College Town
- Assets
- $6.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 09/1969
- Data as of
- 12/2023
- EIN
- 94-1665562
Organization Overview
College Town is located in Sacramento, CA. The organization was established in 1969. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Town 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 12/2023, College Town generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING TO COLLEGE STUDENTS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW-INCOME HOUSING FOR COLLEGE STUDENTS AND THEIR FAMILIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Pope President | OfficerTrustee | 0.5 | $0 |
Linda Martin Vice President | OfficerTrustee | 0.5 | $0 |
John Melikian Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Dawn Cornelius Director | Trustee | 0.5 | $0 |
Tania Nunez Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madsen Roof Roof Replacement/repairs | 12/30/22 | $205,564 |
Carson Landcape Landscape Maintenance | 12/30/22 | $161,286 |
The Natoma Company Management Services | 12/30/22 | $151,003 |
Paladin Private Security Security Patrol | 12/30/22 | $126,080 |
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 | $2,599,052 |
| Investment income | $38,307 |
| 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 | $2,682,272 |
| 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 | $507,840 |
| Fees for services: Legal | $4,309 |
| Fees for services: Accounting | $16,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,536 |
| Office expenses | $41,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,919,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,794 |
| Insurance | $516 |
| All other expenses | $1,339 |
| Total functional expenses | $2,670,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $731 |
| 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 | $127,294 |
| Net Land, buildings, and equipment | $1,834,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,352,041 |
| Total assets | $6,054,730 |
| Accounts payable and accrued expenses | $148,374 |
| Grants payable | $0 |
| Deferred revenue | $9,624 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $203,511 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,081,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,442,595 |
| Net assets without donor restrictions | $2,612,135 |
| 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 | $6,054,730 |