Petaluma Ecumenical Properties
- Assets
- $12.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Santa Rosa, CA
- Founding
- 09/1979
- Data as of
- 12/2020
- EIN
- 94-2565270
Organization Overview
Petaluma Ecumenical Properties is located in Santa Rosa, CA. The organization was established in 1979. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Petaluma Ecumenical Properties employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petaluma Ecumenical Properties 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 12/2020, Petaluma Ecumenical Properties generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $5.0m during the year ending 12/2020. While expenses have increased by 10.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PROVIDING QUALITY AFFORDABLE HOUSING, HOUSING SUPPORT SERVICES, AND ADVOCACY FOR THE LOW-INCOME COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECTLY OWNS AND OPERATES 7 BUILDINGS, COMPRISING OF 85 UNITS OF LOW INCOME HOUSING FOR LOW INCOME FAMILIES, ELDERLEY AND HANDICAPPED PERSONS IN PETALUMA, CALIFORNIA.
THE CORPORATION SERVES AS A GENERAL PARTNER OR LIMITED PARTNER IN FOUR LIMITED PARTNERSHIPS WHICH PROVIDE A TOTAL OF 156 TOTAL UNITS OF LOW-INCOME HOUSING LOCATED IN PETALUMA AND KENTFIELD, CALIFORNIA. THE CORPORATION ALSO SERVES AS THE LIMITED PARTNER OF ONE LIMITED PARTNERSHIP AND THE SOLE OWNER OF ONE LIMITED LIABILITY COMPANY WHICH ARE CURRENTLY DEVELOPING LOW-INCOME HOUSING WHICH WILL BE LOCATED IN VACAVILLE AND SANTA ROSA, CA.
PROVISION OF DEVELOPMENT & CONSTRUCTION MANAGEMENT SERVICES IN THE DEVELOPMENT AND REHABILITAION OF AFFORDABLE HOUSING PROJECTS FOR THE BENEFIT OF LOW INCOME FAMILIES, ELDERLY, AND PERSONS WITH DISABILITIES.
DIRECTLY OWNS AND OPERATES 7 BUILDINGS, COMPRISING OF 85 UNITS OF LOW INCOME HOUSING FOR LOW INCOME FAMILIES, ELDERLEY AND HANDICAPPED PERSONS IN PETALUMA, CALIFORNIA.
THE CORPORATION SERVES AS A GENERAL PARTNER OR LIMITED PARTNER IN FOUR LIMITED PARTNERSHIPS WHICH PROVIDE A TOTAL OF 156 TOTAL UNITS OF LOW-INCOME HOUSING LOCATED IN PETALUMA AND KENTFIELD, CALIFORNIA. THE CORPORATION ALSO SERVES AS THE LIMITED PARTNER OF ONE LIMITED PARTNERSHIP AND THE SOLE OWNER OF ONE LIMITED LIABILITY COMPANY WHICH ARE CURRENTLY DEVELOPING LOW-INCOME HOUSING WHICH WILL BE LOCATED IN VACAVILLE AND SANTA ROSA, CA.
PROVISION OF DEVELOPMENT & CONSTRUCTION MANAGEMENT SERVICES IN THE DEVELOPMENT AND REHABILITAION OF AFFORDABLE HOUSING PROJECTS FOR THE BENEFIT OF LOW INCOME FAMILIES, ELDERLY, AND PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Stompe Exec Dir/a Secr | Officer | 49 | $192,706 |
David Prince Dir Of Finance | Officer | 40 | $120,439 |
Jim Wallen Dir. Of Hsg Dev | 40 | $117,653 | |
Dominic Roybal Dir Of Prop Mgmt | 40 | $115,361 | |
Sean Pryden President | OfficerTrustee | 0.5 | $0 |
Mary Savage Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $94,766 |
| Government grants | $638,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,857,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,591,001 |
| Total Program Service Revenue | $2,295,415 |
| Investment income | $274,849 |
| 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 | $5,161,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,737,265 |
| 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. | $324,362 |
| Compensation of current officers, directors, key employees. | $135,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,064,395 |
| Pension plan accruals and contributions | $28,173 |
| Other employee benefits | $146,113 |
| Payroll taxes | $96,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,132 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,726 |
| Advertising and promotion | $6,758 |
| Office expenses | $64,564 |
| Information technology | $41,206 |
| Royalties | $0 |
| Occupancy | $409,465 |
| Travel | $9,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,694 |
| Insurance | $0 |
| All other expenses | $24,424 |
| Total functional expenses | $5,007,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,758,613 |
| Savings and temporary cash investments | $1,445,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,374,408 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $104,817 |
| Net Land, buildings, and equipment | $2,779,250 |
| Investments—publicly traded securities | $623,285 |
| Investments—other securities | $0 |
| Investments—program-related | $501,222 |
| Intangible assets | $0 |
| Other assets | $1,982,756 |
| Total assets | $12,791,712 |
| Accounts payable and accrued expenses | $1,457,841 |
| 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 | $2,518,931 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,587 |
| Total liabilities | $4,022,359 |
| Net assets without donor restrictions | $7,803,450 |
| Net assets with donor restrictions | $965,903 |
| 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 | $12,791,712 |
Grants Awarded
Over the last fiscal year, Petaluma Ecumenical Properties has awarded $77,219 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Rosa, CA PURPOSE: GENERAL SUPPORT | $26,393 |
575 VALLEJO STREET ASSOCIATES PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $14,468 |
579 VALLEJO STREET ASSOCIATES PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $11,370 |
Santa Rosa, CA PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $9,300 |
Santa Rosa, CA PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $9,197 |
TOUSSIN SENIOR APARTMENTS LP PURPOSE: FUNDS FOR WIFI INFRASTRUCTURE | $6,491 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Petaluma Ecumenical Properties has recieved totaling $115,164.
| Awarding Organization | Amount |
|---|---|
Tamalpais Pacific Belvedere Tiburon, CA PURPOSE: senior affordable housing | $75,000 |
Leadingage California Foundation Sacramento, CA PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION. | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $6,491 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: ENHANCING RESIDENT SERVICES TO REDUCE SOCIAL ISOLA | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fullerton Interfaith Emergency Service Fullerton, CA | $12,709,806 | $14,783,808 |
Interfaith Community Services Tucson, AZ | $10,175,352 | $12,042,260 |
Inland Congregation United For Change Sponsoring Committee Inc San Bernardino, CA | $2,763,251 | $5,065,499 |
Petaluma Ecumenical Properties Santa Rosa, CA | $12,791,712 | $5,161,265 |
United Religions San Francisco, CA | $19,667,907 | $2,383,938 |
Greater Richmond Inter-Faith Program Richmond, CA | $4,745,419 | $2,837,014 |
Interfaith Shelter Network Of San Diego San Diego, CA | $1,905,169 | $2,911,788 |
Family Promise-Greater Phoenix Scottsdale, AZ | $5,154,498 | $3,658,944 |
Visions Made Viable Irvine, CA | $649,448 | $1,177,293 |
Go Ye Fellowship Monrovia, CA | $741,396 | $1,673,103 |
The Cause Inc Oceanside, CA | $496,299 | $1,531,379 |
Cabo English Church Inc San Diego, CA | $799,401 | $735,304 |