Tenants And Owners Development Corporation
- Assets
- $48.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 32
- Location
- San Francisco, CA
- Founding
- 02/1975
- Data as of
- 06/2021
- EIN
- 94-2408519
Organization Overview
Tenants And Owners Development Corporation is located in San Francisco, CA. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Tenants And Owners Development Corporation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenants And Owners Development 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 06/2021, Tenants And Owners Development Corporation generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 7 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.
Since 2016, Tenants And Owners Development Corporation has awarded 51 individual grants totaling $2,099,648. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING RESIDENT SERVICES AND COMMUNITY ADVOCACY FOR THE SOUTH OF MARKET NEIGHBORHOOD IN SAN FRANCISCO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICE PROGRAM - FUNDS USED TO PROVIDE INEXPENSIVE DAILY MEALS AND RECREATION EVENTS TO SENIOR RESIDENTS FOR TODCO'S OWNED WOOLF HOUSE III PROJECT AS WELL AS ITS AFFILIATED PROJECTS: WOOLF HOUSE I & II, CEATRICE POLITE, MENDELSOHN HOUSE, LELAND APARTMENTS, COLEMAN HOUSE, KNOX SRO, ISABEL SRO AND BAYANIHAN SRO HOUSING PROJECTS FOR THE LOW INCOME AND ELDERLY
WOOLF HOUSE III - FUNDS USED FOR OPERATING 30 HOUSING UNITS FOR THE LOW INCOME FRAIL ELDERLY IN SAN FRANCISCO.
6TH STREET PHOTOGRAPHY WORKSHOP - FUNDS USED FOR OPERATION OF A PHOTOGRAPHY WORKSHOP PROGRAM FOR THE BENEFIT OF THE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Duke Director | Trustee | 1 | $0 |
Bernadette Sy Director | Trustee | 1 | $0 |
Henry Izumazaki Director | Trustee | 1 | $0 |
April Concepcion Director | Trustee | 1 | $0 |
Albert Gilbert III Secretary | OfficerTrustee | 1 | $0 |
Karen Gansen Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alfred Cheung It Service | 6/29/22 | $191,340 |
Jane Kim Consulting | 6/29/22 | $122,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,358,536 |
| Investment income | $20,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,682 |
| 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 | $6,135,958 |
| Statement of Expenses | |
|---|---|
| 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. | $777,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,622,227 |
| Pension plan accruals and contributions | $113,107 |
| Other employee benefits | $576,793 |
| Payroll taxes | $231,586 |
| Fees for services: Management | $22,680 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $473,625 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $738,747 |
| Advertising and promotion | $0 |
| Office expenses | $82,700 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $63,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,710 |
| Insurance | $19,200 |
| All other expenses | $0 |
| Total functional expenses | $6,868,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,517,900 |
| Savings and temporary cash investments | $4,850,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,996,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,094,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,000,393 |
| Intangible assets | $19,171 |
| Other assets | $7,812,237 |
| Total assets | $48,654,589 |
| Accounts payable and accrued expenses | $594,786 |
| Grants payable | $0 |
| Deferred revenue | $3,490 |
| 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 | $4,936,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,270,280 |
| Total liabilities | $7,805,091 |
| 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 |
| Total liabilities and net assets/fund balances | $40,849,498 |
Grants Awarded
Over the last fiscal year, Tenants And Owners Development Corporation has awarded $740,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FILIPINO-AMERICAN DEVELOPMENT FOUNDATION PURPOSE: PROMOTE CULTURE | $25,000 |
ONE TREASURE ISLAND PURPOSE: SUPPORT 2021 FUNDRAISER | $10,000 |
DIGNITY MOVES PURPOSE: DONATION SUPPORT FOR OPERATION NEED | $250,000 |
SAN FRANCISCO PROGRESSIVE MEDIA CENTER PURPOSE: ANNUAL SUPPORT | $10,000 |
CHINATOWN COMMUNITY DEVELOPMENT CORP PURPOSE: SUPPORT LOW-INCOME HOUSING DEVELOPMENT | $5,000 |
JOBS WITH JUSTICE PURPOSE: ANNUAL GALA SUPPORT | $5,000 |