California Homebuilding Foundation
- Assets
- $13.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Sacramento, CA
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 94-2581819
Organization Overview
California Homebuilding Foundation is located in Sacramento, CA. The organization was established in 1979. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, California Homebuilding Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Homebuilding Foundation 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, California Homebuilding Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 11.0% 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 2014, California Homebuilding Foundation has awarded 15 individual grants totaling $325,420. 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 PROMOTE THE HOMEBUILDING INDUSTRY THROUGH SCHOLARSHIP, RESEARCH, EDUCATION AND PROFESSIONAL RECOGNITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA HOMEBUILDING FOUNDATION'S SCHOLARSHIP PROGRAM IS DESIGNED TO ENCOURAGE AND SUPPORT UNDERGRADUATE AND GRADUATE STUDENTS WHO EXCEL IN THEIR BUILDING INDUSTRY-RELATED PROGRAM, DEMONSTRATE A STRONG WILL TO SUCCEED, AND ARE IN NEED OF FINANCIAL ASSISTANCE. GRANTED SCHOLARSHIPS TO 110 STUDENTS AND MADE GRANTS TO 3 COLLEGES.
DONALD CHAIKEN BUILDING INDUSTRY TECHNOLOGY ACADEMY (BITA) BITA IS A PROGRAM OF THE CALIFORNIA HOMEBUILDING FOUNDATION. BITAS A 4-YEAR HIGH SCHOOL CONSTRUCTION TRAINING PROGRAM CURRENTLY RUNS IN MORE THAN 40 HIGH SCHOOLS IN CALIFORNIA WITH 3 5 NEW SCHOOLS ON TARGET TO IMPLEMENT THE PROGRAM NEXT YEAR.BITAS MISSION IS TO PROVIDE A TRAINED WORKFORCE TO MEET INDUSTRY DEMAND, OFFSET WORKER RETIREMENT, AND AVOID LABOR SHORTAGES. BITA ALSO ENHANCES THE PUBLIC PERCEPTION OF THE BUILDING INDUSTRY, ITS DIVERSE CAREER OPPORTUNITIES, AND HARDWORKING EMPLOYEES.
THE CONSTRUCTION INDUSTRY RESEARCH BOARD (CIRB) IS A PROGRAM OF CALIFORNIA HOMEBUILDING FOUNDATION. CIRB IS A RESEARCH CENTER ESTABLISHED IN 1954 TO PROVIDE STATISTICAL INFORMATION ON THE CALIFORNIA BUILDING AND CONSTRUCTION INDUSTRY. CIRB COLLECTS BUILDING PERMIT DATA FROM MORE THAN 530 CALIFORNIA CITIES AND COUNTIES. CIRB OFFERS A NUMBER OF REPORTS THAT ARE AVAILABLE FOR PURCHASE AND DOWNLOAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Brunson Executive Dir. | Officer | 40 | $120,789 |
Colleen Edwards Imme Past Chair | OfficerTrustee | 0.5 | $0 |
Donna Wetzel Chair | OfficerTrustee | 0.5 | $0 |
Mark Hoover Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Dunmoyer Secretary | OfficerTrustee | 0.5 | $0 |
Layne Marceau Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
De Young Properties Subcontractor | 12/30/20 | $436,837 |
Ferguson Enterprises Inc Subcontractor | 12/30/20 | $244,826 |
Opinion Dynamics Subcontractor | 12/30/20 | $175,072 |
Consol Subcontractor | 12/30/20 | $1,077,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,350 |
| Related organizations | $0 |
| Government grants | $224,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,187,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,422,291 |
| Total Program Service Revenue | $111,460 |
| Investment income | $168,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $292,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,994,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,567 |
| Grants and other assistance to domestic individuals. | $266,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,640 |
| Compensation of current officers, directors, key employees. | $26,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,972 |
| Pension plan accruals and contributions | $4,525 |
| Other employee benefits | $45,999 |
| Payroll taxes | $31,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,177 |
| Fees for services: Other | $152,017 |
| Advertising and promotion | $75,709 |
| Office expenses | $29,122 |
| Information technology | $29,954 |
| Royalties | $0 |
| Occupancy | $5,835 |
| Travel | $2,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,194 |
| Insurance | $6,891 |
| All other expenses | $0 |
| Total functional expenses | $1,276,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,176 |
| Savings and temporary cash investments | $822,560 |
| Pledges and grants receivable | $2,094,509 |
| Accounts receivable, net | $5,735 |
| 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 | $3,381 |
| Net Land, buildings, and equipment | $71,002 |
| Investments—publicly traded securities | $9,953,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,644,764 |
| Accounts payable and accrued expenses | $191,882 |
| Grants payable | $0 |
| Deferred revenue | $10,961 |
| 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 | $202,843 |
| Net assets without donor restrictions | $840,444 |
| Net assets with donor restrictions | $12,601,477 |
| 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 | $13,644,764 |
Grants Awarded
Over the last fiscal year, California Homebuilding Foundation has awarded $91,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Roseville, CA PURPOSE: Research | $25,000 |
Stockton, CA PURPOSE: Research | $23,850 |
SAN DIEGO STATE UNIVERSITY PURPOSE: Department donation | $20,000 |
San Francisco, CA PURPOSE: Research | $15,000 |
Berkeley, CA PURPOSE: Department donation | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that California Homebuilding Foundation has recieved totaling $288,039.
| Awarding Organization | Amount |
|---|---|
Harry C And Deborah L Elliott Family Foundation Folsom, CA PURPOSE: SOCIAL SERVICE | $100,000 |
Hearthstone-Builder Award Foundation Calabasas, CA PURPOSE: AWARD FOR LIFETIME COMMITTMENT TO PUBLIC SERVICE | $80,000 |
Dennis And Gloria Obrien Foundation San Mateo, CA PURPOSE: BITA PROGRAM | $25,000 |
Dennis And Gloria Obrien Foundation San Mateo, CA PURPOSE: BITA PROGRAM | $25,000 |
Auerbach Legacy Foundation Santa Monica, CA PURPOSE: TO SUPPORT ADVANCEMENT OF HOMEBUILDING INDUSTRY IN CALIFORNIA AND PROMOTING WORKFORCE EDUCATION PROGRAMS. | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Endowment Analysis
| Beg. Balance | $8,870,436 |
| Earnings | $1,220,322 |
| Admin Expense | $52,174 |
| Net Contributions | $358,475 |
| Other Expense | $29,515 |
| Grants | $322,877 |
| Ending Balance | $10,044,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |