Eden South County Inc
- Assets
- $30.9m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Hayward, CA
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 94-3148163
Organization Overview
Eden South County Inc is located in Hayward, CA. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden South County Inc 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 12/2022, Eden South County Inc generated $27.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $35.6m during the year ending 12/2022. While expenses have increased by 30.8% 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 SERVE AS MANAGING GP OF PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS MANAGING GENERAL PARTNER OF VARIOUS PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Kuerschner Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Joseph M Postigo Chair | OfficerTrustee | 0.1 | $0 |
John Gaffney Vice Chair | OfficerTrustee | 0.1 | $0 |
Timothy Reilly Director | Trustee | 0.1 | $0 |
Timothy Green Assistant Secretary/director | OfficerTrustee | 0.1 | $0 |
Linda Mandolini President | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,650,457 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $18,620,764 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,650,457 |
| Total Program Service Revenue | $8,965,146 |
| Investment income | $36,131 |
| 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 | $27,651,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,048,243 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $772,318 |
| Fees for services: Legal | $10,520 |
| Fees for services: Accounting | $125,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,878 |
| Advertising and promotion | $0 |
| Office expenses | $58,036 |
| Information technology | $23,601 |
| Royalties | $0 |
| Occupancy | $810,593 |
| Travel | $1,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,000 |
| Interest | $1,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $983,569 |
| Insurance | $162 |
| All other expenses | $63,441 |
| Total functional expenses | $35,615,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,585,785 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,687 |
| 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 | $7,747 |
| Net Land, buildings, and equipment | $25,548,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,042,929 |
| Intangible assets | $0 |
| Other assets | $2,659,932 |
| Total assets | $30,857,813 |
| Accounts payable and accrued expenses | $1,749,280 |
| Grants payable | $0 |
| Deferred revenue | $12,540 |
| 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 | $26,611,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,456,966 |
| Total liabilities | $30,830,482 |
| Net assets without donor restrictions | $27,331 |
| 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 | $30,857,813 |
Grants Awarded
Over the last fiscal year, Eden South County Inc has awarded $13,212,509 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDEN HOUSING INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $13,137,699 |
EDEN INVESTMENTS INC PURPOSE: GRANTS TO SUPPORT AFFORDABLE HOUSING ACTIVITIES | $74,810 |