Mutual Housing California
- Assets
- $32.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 53
- Location
- Sacramento, CA
- Founding
- 08/1993
- Data as of
- 12/2023
- EIN
- 94-3093354
Organization Overview
Mutual Housing California is located in Sacramento, CA. The organization was established in 1993. 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 12/2023, Mutual Housing California employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Housing California 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 12/2023, Mutual Housing California generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.DEVELOP, MANAGE, AND SUPPORT SUSTAINABLE AFFORDABLE HOUSING WHERE RESIDENTS ARE PARTNERS IN ADVANCING EQUITABLE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF NEW SUSTAINABLE HOUSING - MUTUAL HOUSING DEVELOPS NEW HOUSING FOR SACRAMENTO AND YOLO COUNTIES' DIVERSE HOUSEHOLDS. MUTUAL HOUSING ALSO ACQUIRES AND RENOVATES DETERIORATED MULTI-FAMILY HOUSING PROPERTIES THAT HAVE BECOME UNSAFE FOR RESIDENTS AND A BLIGHT ON THE NEIGHBORHOODS IN WHICH THEY ARE LOCATED. APPROXIMATELY 3,500 RESIDENTS LIVE IN 1,328 TOWNHOMES, APARTMENTS, AND A MOBILE HOME PARK LOCATED IN SACRAMENTO AND YOLO COUNTIES THAT ARE OPERATED BY MUTUAL HOUSING MANAGEMENT.
COMMUNITY BUILDING, LEADERSHIP DEVELOPMENT AND RESIDENT SERVICES - MUTUAL HOUSING CALIFORNIA EMPLOYS A MULTI-LINGUAL, MULTI-CULTURAL TEAM OF COMMUNITY DEVELOPMENT STAFF TO ENGAGE RESIDENTS IN THEIR COMMUNITIES, INVOLVE THEM IN CIVIC LIFE AND TO BRING PROGRAMS TO THE PROPERTIES WHICH MEET RESIDENTS' INTERESTS AND NEEDS.THROUGH INDIVIDUAL AND GROUP CONVERSATIONS, COMMUNITY DEVELOPMENT STAFF DISCOVER THE UNIQUE TALENTS, GOALS AND CHALLENGES OF INDIVIDUAL RESIDENTS. THEY THEN IDENTIFY RESIDENTS WITH POTENTIAL LEADERSHIP SKILLS AND MENTOR THOSE EMERGING LEADERS WHO BECOME A STABILIZING AND MOTIVATING PRESENCE IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Creswell Chair | OfficerTrustee | 2 | $0 |
Jennifer Higley-Chapman Vice Chair | OfficerTrustee | 2 | $0 |
Corinne Morrison Treasurer | OfficerTrustee | 2 | $0 |
Tricia Stevens Secretary | OfficerTrustee | 2 | $0 |
Greg Chew Director | Trustee | 2 | $0 |
Allison Joe Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,602 |
| Related organizations | $514,414 |
| Government grants | $1,391,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,567,931 |
| Total Program Service Revenue | $7,336,727 |
| Investment income | $80,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,945,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,199 |
| 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. | $504,011 |
| Compensation of current officers, directors, key employees. | $157,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,786,817 |
| Pension plan accruals and contributions | $131,418 |
| Other employee benefits | $223,250 |
| Payroll taxes | $227,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,800 |
| Fees for services: Accounting | $58,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,308 |
| Advertising and promotion | $73,332 |
| Office expenses | $49,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,254 |
| Travel | $40,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134,637 |
| Interest | $81,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,140 |
| Insurance | $23,906 |
| All other expenses | $99,228 |
| Total functional expenses | $6,140,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,697 |
| Savings and temporary cash investments | $3,395,594 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $11,472,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,911,231 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $151,512 |
| Net Land, buildings, and equipment | $87,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,833,050 |
| Total assets | $32,066,910 |
| Accounts payable and accrued expenses | $766,391 |
| Grants payable | $0 |
| Deferred revenue | $482,881 |
| 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 | $4,984,622 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,823,832 |
| Total liabilities | $15,057,726 |
| Net assets without donor restrictions | $17,009,184 |
| 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 | $32,066,910 |
Grants Awarded
Over the last fiscal year, Mutual Housing California has awarded $531,425 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SKY PARKWAY MUTUAL HOUSING CORPORATION PURPOSE: LIMITED PARTNER BUYOUT OF AFFORDABLE HOUSING PARTNERSHIP | $76,425 |
MUTUAL HOUSING MANAGEMENT PURPOSE: CAPITAL CONTRIBUTION | $455,000 |