Satellite Affordable Housing Associates Property Management is located in Berkeley, CA. The organization was established in 1987. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Satellite Affordable Housing Associates Property Management employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Satellite Affordable Housing Associates Property Management 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 06/2022, Satellite Affordable Housing Associates Property Management generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 13.7% 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
TO BENEFIT AND SUPPORT SATELLITE AFFORDABLE HOUSING ASSOCIATES IN CARRYING OUT ITS PURPOSES BY PROVIDING MANAGEMENT AND RELATED SERVICES TO ITS AFFILIATES, ALL OF WHICH ARE CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATIONS ORGANIZED TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE-INCOME ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND MODERATE-INCOME ELDERLY PERSONS. THE ORGANIZATION ALSO PROVIDES RESIDENT SERVICES FOR THE PROJECTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela Cavanaugh V.p Of Prop Mgmt | 40 | $162,080 | |
Javier Munoz Jr Facilities Directr | 40 | $118,466 | |
Daniel Ponce Regional Ppty Dir | 40 | $116,954 | |
Seherzada Redzic Regional Ppty Dir | 40 | $115,447 | |
Toya Woodard Area Ppty Mgr | 40 | $112,105 | |
Tom Early President | Officer | 1 | $29,020 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $3,497,442 |
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 | $3,497,442 |
Total Program Service Revenue | $3,981,686 |
Investment income | $4 |
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 | $7,479,132 |
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. | $29,020 |
Compensation of current officers, directors, key employees. | $1,076 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,494,685 |
Pension plan accruals and contributions | $144,944 |
Other employee benefits | $659,427 |
Payroll taxes | $326,354 |
Fees for services: Management | $0 |
Fees for services: Legal | $211,150 |
Fees for services: Accounting | $50,713 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $94,775 |
Advertising and promotion | $0 |
Office expenses | $139,023 |
Information technology | $74,262 |
Royalties | $0 |
Occupancy | $285,073 |
Travel | $25,449 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $144,254 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $30,046 |
All other expenses | $12,559 |
Total functional expenses | $7,023,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $456,651 |
Savings and temporary cash investments | $623 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,354,576 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $165,229 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,977,079 |
Accounts payable and accrued expenses | $291,213 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $291,213 |
Net assets without donor restrictions | $2,685,866 |
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 | $2,977,079 |
Over the last fiscal year, we have identified 1 grants that Satellite Affordable Housing Associates Property Management has recieved totaling $3,497,442.
Awarding Organization | Amount |
---|---|
Satellite Affordable Housing Associates Berkeley, CA PURPOSE: GNRL SUPPORT: LOW INC HSG MGMT | $3,497,442 |
Organization Name | Assets | Revenue |
---|---|---|
Jacobs Center For Neighborhood Innovation San Diego, CA | $67,799,135 | $4,267,167 |
Horizons Foundation San Francisco, CA | $41,480,128 | $8,470,990 |
Satellite Affordable Housing Associates Property Management Berkeley, CA | $2,977,079 | $7,479,132 |
Impact Online Inc Pleasanton, CA | $7,315,523 | $8,512,412 |
Upstart Bay Area Oakland, CA | $5,268,133 | $7,572,356 |
Power California Los Angeles, CA | $5,114,857 | $3,690,526 |
Long Beach Nonprofit Partnership Long Beach, CA | $993,393 | $3,069,719 |
La Union Del Pueblo Entero Keene, CA | $5,952,315 | $4,158,568 |
Cfs Real Property Inc Ewa Beach, HI | $18,749,955 | $2,331,459 |
Compasspoint Nonprofit Services San Francisco, CA | $4,915,311 | $4,789,548 |
Southern California Center For Nonprofit Management Los Angeles, CA | $834,254 | $2,511,911 |
West Valley Mission Community College District Foundation Saratoga, CA | $27,021,382 | $2,481,984 |