Older Americans Satellite Housing Inc
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 39
- Location
- Fresno, CA
- Founding
- 10/1978
- Data as of
- 03/2022
- EIN
- 94-2514924
Organization Overview
Older Americans Satellite Housing Inc is located in Fresno, CA. The organization was established in 1978. 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 03/2022, Older Americans Satellite Housing Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Older Americans Satellite Housing 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 03/2022, Older Americans Satellite Housing Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.8m during the year ending 03/2022. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES HOUSING FOR THE LOW-INCOME ELDERLY AND HANDICAPPED, FINANCED BY C.H.F.A. TOTAL EXPENSES WERE ALLOCATED TO MANAGEMENT AND GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Gorman President | OfficerTrustee | 1 | $0 |
Patrick Fennacy Secretary/tres | OfficerTrustee | 1 | $0 |
Ray Carrasco Vice President | OfficerTrustee | 1 | $0 |
Tom Candelaria Director | Trustee | 1 | $0 |
Jeri Weil Director | Trustee | 1 | $0 |
Allan Cellini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $25,000 |
| Total Program Service Revenue | $1,674,910 |
| Investment income | $17 |
| 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 | $1,758,682 |
| 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 | $609,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,305 |
| Payroll taxes | $49,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,495 |
| Fees for services: Accounting | $20,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,440 |
| Advertising and promotion | $680 |
| Office expenses | $35,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,714 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,534 |
| Payments to affiliates | $101,809 |
| Depreciation, depletion, and amortization | $232,207 |
| Insurance | $73,843 |
| All other expenses | $60,196 |
| Total functional expenses | $1,795,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,325 |
| Savings and temporary cash investments | $258,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $190,989 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,574 |
| Net Land, buildings, and equipment | $1,495,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,629 |
| Other assets | $1 |
| Total assets | $1,974,655 |
| Accounts payable and accrued expenses | $70,469 |
| 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 | $571,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,067 |
| Total liabilities | $746,680 |
| Net assets without donor restrictions | $1,227,975 |
| 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 | $1,974,655 |
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