Eden South Bay Inc
- Assets
- $13.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Hayward, CA
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 94-3166350
Organization Overview
Eden South Bay Inc is located in Hayward, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden South Bay 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 Bay Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $11.0m during the year ending 12/2022. 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 |
|---|---|---|---|
Timothy Green Assistant Secretary/director | OfficerTrustee | 0.1 | $0 |
Beth Southorn Director | Trustee | 0.1 | $0 |
Doug Kuerschner Chair/director | OfficerTrustee | 0.1 | $0 |
Ed Forrest Director (outgoing) | Trustee | 0.1 | $0 |
John Gaffney Secretary/director | OfficerTrustee | 0.1 | $0 |
Joseph M Postigo Vice Chair/director | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $454,984 |
| 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 | $454,984 |
| Total Program Service Revenue | $920,036 |
| Investment income | $25,824 |
| 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 | $1,419,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,859 |
| 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 | $82,668 |
| Pension plan accruals and contributions | $11,921 |
| Other employee benefits | $29,050 |
| Payroll taxes | $19,733 |
| Fees for services: Management | $249,355 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,864 |
| Advertising and promotion | $0 |
| Office expenses | $195,145 |
| Information technology | $8,776 |
| Royalties | $0 |
| Occupancy | $420,413 |
| Travel | $901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $303,684 |
| Insurance | $1,267 |
| All other expenses | $26,275 |
| Total functional expenses | $10,970,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,494 |
| 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 | $12,814 |
| Net Land, buildings, and equipment | $9,115,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,244,307 |
| Total assets | $13,641,681 |
| Accounts payable and accrued expenses | $92,418 |
| Grants payable | $0 |
| Deferred revenue | $72,587 |
| 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 | $13,136,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,830,098 |
| Total liabilities | $23,131,867 |
| Net assets without donor restrictions | -$9,490,186 |
| 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 | $13,641,681 |