Satellite Affordable Housing Associates Property Management

Organization Overview

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.

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.


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Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Satellite Affordable Housing Associates Property Management has recieved totaling $3,497,442.

Awarding OrganizationAmount
Satellite Affordable Housing Associates

Berkeley, CA

PURPOSE: GNRL SUPPORT: LOW INC HSG MGMT

$3,497,442
View Grant Recipient Profile

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