Satellite Affordable Housing Associates
- Assets
- $107.4m
- Revenue
- $38.3m
- Investments
- $0.0
- Employees
- 130
- Location
- Berkeley, CA
- Founding
- 11/1993
- Data as of
- 06/2023
- EIN
- 94-3186770
Organization Overview
Satellite Affordable Housing Associates is located in Berkeley, CA. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Satellite Affordable Housing Associates employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Satellite Affordable Housing Associates 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 06/2023, Satellite Affordable Housing Associates generated $38.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $26.5m during the year ending 06/2023. While expenses have increased by 18.7% per year over the past 8 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.
Since 2015, Satellite Affordable Housing Associates has awarded 26 individual grants totaling $22,530,390. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SATELLITE AFFORDABLE HOUSING ASSOCIATES (SAHA) PROVIDES QUALITY AFFORDABLE HOMES AND SERVICES THAT EMPOWER PEOPLE AND STRENGTHEN NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AFFORDABLE HOUSING PROJECTS FOR THE BENEFIT OF LOW AND MODERATE-INCOME FAMILIES, ELDERLY, AND PERSONS WITH DISABILITIES.
TO PROVIDE VARIOUS SOCIAL AND TRANSPORTATION SERVICES TO ASSIST RESIDENTS OF AFFORDABLE HOUSING PROJECTS.
TO MANAGE AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND MODERATE-INCOME FAMILIES, ELDERLY, AND PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Friedland CEO | Officer | 39 | $324,750 |
Thomas Earley COO | 39 | $286,837 | |
Miriam Benavides Chief People Ofcr | 39 | $242,633 | |
Eve Stewart Sr VP Of Red | 39 | $225,206 | |
Sara Abramowitz-Hill VP Of Asset Mgmt | 39 | $162,145 | |
Cristi Ritschel VP Res & Cmty Svcs | 39 | $163,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spiteri Narasky & Daley Llp Cpa F/s Audits &Tax Rtrns | 6/29/22 | $100,550 |
Anne Phillips Architecture Architecture | 6/29/22 | $108,962 |
Meea Kang Development Consulting | 6/29/22 | $420,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,131,759 |
| Government grants | $17,570,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,271,741 |
| Total Program Service Revenue | $13,915,086 |
| Investment income | $1,039,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $184,413 |
| Net Gain/Loss on Asset Sales | -$78,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,332,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,505,230 |
| Grants and other assistance to domestic individuals. | $16,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $356,101 |
| Compensation of current officers, directors, key employees. | $150,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,556,104 |
| Pension plan accruals and contributions | $219,293 |
| Other employee benefits | $959,066 |
| Payroll taxes | $502,377 |
| Fees for services: Management | $114,022 |
| Fees for services: Legal | $219,129 |
| Fees for services: Accounting | $69,768 |
| Fees for services: Lobbying | $7,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $674,367 |
| Advertising and promotion | $0 |
| Office expenses | $371,824 |
| Information technology | $108,203 |
| Royalties | $0 |
| Occupancy | $1,809,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,685 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $567,539 |
| Insurance | $6,205 |
| All other expenses | -$44,149 |
| Total functional expenses | $26,480,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,141 |
| Savings and temporary cash investments | $18,933,699 |
| Pledges and grants receivable | $959,464 |
| Accounts receivable, net | $273,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,782,836 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,139,505 |
| Net Land, buildings, and equipment | $7,066,399 |
| Investments—publicly traded securities | $12,107,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,801,646 |
| Total assets | $107,434,781 |
| Accounts payable and accrued expenses | $18,898,304 |
| Grants payable | $0 |
| Deferred revenue | $311,164 |
| 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 | $7,832,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,699,094 |
| Total liabilities | $28,741,412 |
| Net assets without donor restrictions | $78,693,369 |
| 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 | $107,434,781 |
Grants Awarded
Over the last fiscal year, Satellite Affordable Housing Associates has awarded $5,500,467 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAHA PROPERTY MANAGEMENT INC PURPOSE: GNRL SUPPORT: LOW INC HSG MGMT | $1,810,956 |
SATELLITE AHA DEVELOPMENT INC PURPOSE: GNRL SUPPORT: DEV LOW INC HSG | $3,689,511 |