Community Economics Inc
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $20.0k
- Employees
- 7
- Location
- Oakland, CA
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 94-2473882
Organization Overview
Community Economics Inc is located in Oakland, CA. The organization was established in 1978. 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. As of 12/2021, Community Economics Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Economics 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 12/2021, Community Economics Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Economics Inc has awarded 39 individual grants totaling $814,430. 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
THE CORPORATION'S EXEMPT FUNCTION & PURPOSE IS TO PROVIDE TECHNICAL ASSISTANCE TO HOUSING RELATED NON-PROFIT ORGANIZATIONS IN DEVELOPING, MAINTAINING, AND MANAGING OF LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE IS PROVIDED TO NON-PROFIT COMMUNITY-BASED ORGANIZATIONS AND PUBLIC AGENCIES IN THE AREAS OF: DEVELOPMENT, MAINTENANCE, AND MANAGEMENT OF LOW-INCOME HOUSING INCLUDING SUBSIDIZED HOUSING; COMMUNITY-BASED REAL ESTATE DEVELOPMENT; AND COMMUNITY-BASED ECONOMIC DEVELOPMENT. PUBLICATIONS SUCH AS FEASIBILITY STUDIES AND MANUAL ARE WRITTEN AND DISTRIBUTED AT COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Dennis Executive Director | Officer | 40 | $238,312 |
Diana Downton Sr Affordable Hsg Finance Consultant | Officer | 40 | $196,331 |
Lisa Motoyama Sr Affordable Hsg Finance Consultant | Officer | 40 | $183,627 |
Zohreh Khodabandelu Sr Affordable Hsg Finance Consultant | Officer | 40 | $159,744 |
Linda Rivers Office Manager | 40 | $154,701 | |
Andrew Matsas Affordable Hsg Finance Consultant | 40 | $110,106 |
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 | $1,540,493 |
| Investment income | $40,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,713,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,950 |
| 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. | $908,412 |
| Compensation of current officers, directors, key employees. | $136,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,151 |
| Pension plan accruals and contributions | $43,222 |
| Other employee benefits | $10,791 |
| Payroll taxes | $68,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,172 |
| Advertising and promotion | $1,869 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,312 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,708 |
| Insurance | $14,608 |
| All other expenses | $11,539 |
| Total functional expenses | $1,764,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,741 |
| Savings and temporary cash investments | $733,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,497 |
| Net Land, buildings, and equipment | $3,104 |
| Investments—publicly traded securities | $1,186,588 |
| Investments—other securities | $20,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,776,374 |
| Accounts payable and accrued expenses | $109,125 |
| Grants payable | $0 |
| Deferred revenue | $702,814 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $811,939 |
| Net assets without donor restrictions | $1,964,435 |
| 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 | $2,776,374 |
Grants Awarded
Over the last fiscal year, Community Economics Inc has awarded $105,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $40,000 |
Sacramento, CA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $30,000 |
Sacramento, CA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $25,000 |
Oakland, CA PURPOSE: TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Economics Inc has recieved totaling $6,950.
| Awarding Organization | Amount |
|---|---|
Midpen Housing Corporation Foster City, CA PURPOSE: FOR EVENTS' DONATION | $6,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |