Indochinese Housing Development Corporation
- Assets
- $3.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- San Francisco, CA
- Founding
- 02/1984
- Data as of
- 12/2020
- EIN
- 94-2796496
Organization Overview
Indochinese Housing Development Corporation is located in San Francisco, CA. The organization was established in 1984. 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 12/2020, Indochinese Housing Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indochinese Housing 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 12/2020, Indochinese Housing Development Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. 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
THE MISSION OF IHDC IS TO HELP CREATE A VIBRANT AND DIGNIFIED COMMUNITY THROUGH THE PURCHASE, RENOVATION, MAINTENANCE AND MANAGEMENT OF SAFE, COMFORTABLE AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IHDC OWNS AND OPERATE TWO APARTMENT BUILDINGS IN SAN FRANCISCO: AN 82 UNIT BUILDING AND A 35 UNIT BUILDING. THE BUILDINGS WERE FINANCED BY A COMBINATION OF FOUNDATION LOANS, PRIVATE FINANCING AND COMMUNITY DEVELOPMENT BLOCK GRANT SITE ACQUISITION FUNDS. IHDC PROVIDES HOUSING FOR RESIDENTS OF THE TENDERLOIN NEIGHBORHOOD OF SAN FRANCISCO WHOSE INCOMES ARE BELOW THE MEDIAN INCOME FOR THE SAN FRANCISCO AREA. IHDC SERVES PRIMARILY THE SOUTHEAST ASIAN IMMIGRANT COMMUNITY. TO FOSTER COMMUNITY SPIRIT, IHDC SEEKS TO ENCOURAGE PARTICIPATION, EMPOWERMENT AND INDEPENDENCE IN THE LIVES OF ALL ASSOCIATED WITH IHDC, ORGANIZE IHDC ACTIVITIES UNDER TENANT PRIORITIES, DIRECTION AND INVOLVEMENT; AND PROMOTE INDIGENOUS LEADERSHIP.OVER THE YEARS IHDC PROGRAMS HAVE DEVELOPED IN RESPONSE TO THE NEEDS OF THE RESIDENTS AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Oshida Executive Dir. | Officer | 40 | $91,966 |
Victor Seeto Treasurer | OfficerTrustee | 0 | $0 |
Din Ho Board Member | Trustee | 1 | $0 |
Loan Ly Board Member | Trustee | 0 | $0 |
Fang Wen Liao Board Member | Trustee | 1 | $0 |
Phi Sui Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,115 |
| 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 | $195,115 |
| Total Program Service Revenue | $936,892 |
| Investment income | $20,428 |
| 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 | $1,165,515 |
| 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. | $88,793 |
| Compensation of current officers, directors, key employees. | $106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,040 |
| Payroll taxes | $29,684 |
| 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 | $38,708 |
| Advertising and promotion | $0 |
| Office expenses | $13,418 |
| Information technology | $18,549 |
| Royalties | $0 |
| Occupancy | $2,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,923 |
| Insurance | $5,388 |
| All other expenses | $58,035 |
| Total functional expenses | $1,052,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,460 |
| Savings and temporary cash investments | $1,301,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,643 |
| 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 | $74,336 |
| Net Land, buildings, and equipment | $2,078,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,824,346 |
| Accounts payable and accrued expenses | $2,156,591 |
| 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 | $3,061,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,700 |
| Total liabilities | $5,426,937 |
| Net assets without donor restrictions | -$2,279,616 |
| Net assets with donor restrictions | $677,025 |
| 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 | $3,824,346 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indochinese Housing Development Corporation has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Crankstart Foundation San Francisco, CA PURPOSE: 2021 SUMMER TOGETHER PROGRAMMING | $80,000 |
Tides Center San Francisco, CA PURPOSE: QUALITY EDUCATION | $25,000 |
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 |