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
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 |
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 |
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 |