Satellite Affordable Housing Associates
- Assets
- $83.3m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 118
- Location
- Berkeley, CA
- Founding
- 11/1993
- Data as of
- 06/2022
- 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 06/2022, Satellite Affordable Housing Associates employed 118 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 06/2022, Satellite Affordable Housing Associates generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $15.1m during the year ending 06/2022. While expenses have increased by 12.3% 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.
Since 2015, Satellite Affordable Housing Associates has awarded 28 individual grants totaling $22,785,733. 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
2022
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 MANAGE AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND MODERATE-INCOME FAMILIES, ELDERLY, AND PERSONS WITH DISABILITIES.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Friedland CEO | Officer | 39 | $316,305 |
Thomas Earley COO | 39 | $248,455 | |
Eve Stewart Sr VP Of Red | 39 | $213,397 | |
Miriam Benavides Chief People Ofcr | 39 | $212,504 | |
Steve Herman VP Of Finance | Officer | 39 | $176,705 |
Cristi Ritschel VP Res & Cmty Svcs | 39 | $158,093 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anne Phillips Architecture Architecture | 6/29/22 | $108,962 |
Spiteri Narasky & Daley Llp Cpa F/s Audits &Tax Rtrns | 6/29/22 | $100,550 |
Meea Kang Development Consulting | 6/29/22 | $420,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,350 |
| Related organizations | $2,387,114 |
| Government grants | $1,713,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,726,706 |
| Total Program Service Revenue | $7,853,245 |
| Investment income | $990,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,430 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,846 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,591,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,269,673 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $543,586 |
| Compensation of current officers, directors, key employees. | $143,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,260,520 |
| Pension plan accruals and contributions | $144,102 |
| Other employee benefits | $825,094 |
| Payroll taxes | $369,421 |
| Fees for services: Management | $107,599 |
| Fees for services: Legal | $39,086 |
| Fees for services: Accounting | $64,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $657,634 |
| Advertising and promotion | $0 |
| Office expenses | $314,636 |
| Information technology | $110,976 |
| Royalties | $0 |
| Occupancy | $347,214 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,537 |
| Interest | $293,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403,589 |
| Insurance | $124,196 |
| All other expenses | -$113,980 |
| Total functional expenses | $15,095,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,315,492 |
| Savings and temporary cash investments | $1,128,443 |
| Pledges and grants receivable | $480,252 |
| Accounts receivable, net | $160,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,209,820 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,031,008 |
| Net Land, buildings, and equipment | $7,073,436 |
| Investments—publicly traded securities | $10,727,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,167,935 |
| Total assets | $83,294,736 |
| Accounts payable and accrued expenses | $6,075,575 |
| Grants payable | $0 |
| Deferred revenue | $361,985 |
| 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 | $10,717,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,689 |
| Total liabilities | $17,279,684 |
| Net assets without donor restrictions | $66,015,052 |
| 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 | $83,294,736 |
Grants Awarded
Over the last fiscal year, Satellite Affordable Housing Associates has awarded $5,264,053 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: GNRL SUPPORT: LOW INC HSG MGMT | $3,497,442 |
Berkeley, CA PURPOSE: GNRL SUPPORT: DEV LOW INC HSG | $1,513,589 |
CITY OF OAKLAND PURPOSE: GENERAL SUPPORT | $253,022 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Satellite Affordable Housing Associates has recieved totaling $149,968.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $48,667 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $40,000 |
The Housing Partnership Network Inc Boston, MA PURPOSE: RESIDENT SERVICES SUPPORT, COUNSELING OUTREACH & INCENTIVES | $30,600 |
Moms Against Poverty Burlingame, CA PURPOSE: battle food insecuity and hunger, improve lives of impoverished people, bring joy to kids in poor circumstances | $15,640 |
Founders Pledge Inc New York, NY PURPOSE: CASH TRANSFERS TO HOUSING-INSECURE INDIVIDUALS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viamonte Senior Living San Francisco, CA | $242,110,392 | $7,634,323 |
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |