Fruitvale Development Corporation Inc
- Assets
- $29.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 04/1997
- Data as of
- 09/2021
- EIN
- 94-3235482
Organization Overview
Fruitvale Development Corporation Inc is located in Oakland, CA. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fruitvale Development Corporation 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 09/2021, Fruitvale Development Corporation Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.1m during the year ending 09/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMPREHENSIVE PROGRAMS OF SUSTAINABLE ECONOMIC, SOCIAL, AND NEIGHBORHOOD DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRUITVALE TRANSIT VILLAGE: PROVIDES A SUSTAINABLE COMMUNITY SERVICE CENTER TO THE FRUITVALE DISTRICT OF THE CITY OF OAKLAND, LOCATED AT A MASS TRANSIT HUB. BY PROVIDING A NEXUS OF COMMUNITY AND SOCIAL SERVICES LOCATED AT A MULTI-MODAL MASS TRANSIT CENTER, THE ORGANIZATION CAN PROVIDE OPPORTUNITIES FOR LOW INCOME AND MODERATE INCOME INDIVIDUALS TO ACCESS NECESSARY SERVICES IN A LOCATION CONVENIENTLY ACCESSIBLE BY MASS TRANSIT. THE ORGANIZATION PROVIDES MORE THAN 115,000 SQUARE FEET OF COMMUNITY SERVICES, INCLUDING PRESCHOOL, HIGH SCHOOL, SENIOR SERVICES, PUBLIC LIBRARY, HEALTH CLINIC, LOW TO NO COST TENANT IMMIGRANT AND EMPLOYEE LEGAL SERVICES, FINANCIAL COUNSELING, AND OTHERS, SERVING MORE THAN 1,500 CLIENTS EACH WEEK. ADDITIONALLY, THE ORGANIZATION HAS PROVIDED A CENTRALIZED AND TENANT-FRIENDLY LOCATION TO ENCOURAGE THE CREATION AND DEVELOPMENT OF SMALL BUSINESSES THAT CAN CONTRIBUTE TO THE OVERALL IMPROVEMENT IN THE FRUITVALE DISTRICT ECONOMY, AS WELL AS THE FINANCIAL HEALTH OF THE CITY OF OAKLAND, AS SUPPORTED THROUGH PROPERTY TAXES AND SALES TAXES. THE ORGANIZATION HAS ENCOURAGED THE CREATION OF MORE THAN 30 SMALL BUSINESSES GENERATED MORE THAN $300,000 IN ANNUAL PROPERTY TAXES TO THE COUNTY, ALONG WITH MORE THAN $100,000 IN ANNUAL SALES TAXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Cornoa Vice Chair | OfficerTrustee | 1 | $0 |
Casey Williams Secretary | OfficerTrustee | 1 | $0 |
Ralph Holmes Board Chair | OfficerTrustee | 1 | $0 |
Christopher Iglesias Chief Executive Officer | Officer | 2 | $0 |
Joyce Boyd Chief Financial Officer | Officer | 5 | $0 |
Erin Elizabeth Patch Chief Operating Officer | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Speedy Restoration Inc Mold Remediation/ +B310 | 9/29/19 | $139,945 |
Peralta Services Corp Public Maintenance Services | 9/29/19 | $595,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $189,565 |
| 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 | $189,565 |
| Total Program Service Revenue | $4,569,162 |
| Investment income | $842 |
| 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 | $4,760,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $535,399 |
| Fees for services: Legal | $14,190 |
| Fees for services: Accounting | $20,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $679,279 |
| Advertising and promotion | $221 |
| Office expenses | $77,373 |
| Information technology | $25,669 |
| Royalties | $0 |
| Occupancy | $1,806,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $941,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,833,579 |
| Insurance | $138,246 |
| All other expenses | $67,578 |
| Total functional expenses | $6,139,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,799 |
| Savings and temporary cash investments | $849,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,801 |
| 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 | $2,187,686 |
| Net Land, buildings, and equipment | $25,536,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,529,023 |
| Accounts payable and accrued expenses | $675,863 |
| Grants payable | $0 |
| Deferred revenue | $89,361 |
| 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 | $15,451,694 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $596,834 |
| Total liabilities | $16,813,752 |
| Net assets without donor restrictions | $12,715,271 |
| 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 | $29,529,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fruitvale Development Corporation Inc has recieved totaling $189,565.
| Awarding Organization | Amount |
|---|---|
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA PURPOSE: TO PROVIDE PROGRAM SERVICE SUPPORT | $189,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |