Satellite Aha Development Inc
- Assets
- $17.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 94-3248729
Organization Overview
Satellite Aha Development Inc is located in Berkeley, CA. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Satellite Aha Development 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 12/2021, Satellite Aha Development Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 15.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT & SUPPORT SATELLITE AFFORDABLE HOUSING ASSOCIATES IN CARRYING OUT ITS PURPOSES BY (1) PROVIDING AFFORDABLE HOUSING FOR LOW INCOME PERSONS & (2) BY SERVING AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SERVES AS A GENERAL PARTNER IN VARIOUS LIMITED PARTNERSHIPS, A MEMBER OR SOLE OWNER IN VARIOUS LIMITED LIABILITY COMPANIES, AND A MAJORITY OWNER IN ONE C CORPORATION. THESE VARIOUS ORGANIZATIONS EITHER OWN AND OPERATE LOW-INCOME HOUSING PROJECTS OR SERVE AS A GENERAL PARTNER TO AN ORGANIZATION THAT OWNS AND OPERATES A LOW-INCOME HOUSING PROJECT.
THE CORPORATION OWNS AND OPERATES 3 BUILDINGS, COMPRISING OF 142 UNITS OF LOW-INCOME HOUSING IN OAKLAND, BERKELEY, AND CONCORD, CALIFORNIA.
THE CORPORATION PROVIDES GRANTS OF GENERAL SUPPORT TO SATELLITE AFFORDABLE HOUSING ASSOCIATES, A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Barron Secretary | OfficerTrustee | 0.1 | $0 |
Mike Jacob President | OfficerTrustee | 0.1 | $0 |
Susan Friedland CEO | Officer | 0.1 | $0 |
Steve Herman VP Of Finance | Officer | 0.1 | $0 |
Sage Foster Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,625,359 |
| Government grants | $2,792,804 |
| 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 | $4,418,163 |
| Total Program Service Revenue | $1,346,765 |
| Investment income | $144,274 |
| 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 | $5,909,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,852 |
| 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 | $608,244 |
| Pension plan accruals and contributions | $17,074 |
| Other employee benefits | $108,235 |
| Payroll taxes | $46,890 |
| Fees for services: Management | $774,608 |
| Fees for services: Legal | $2,946 |
| Fees for services: Accounting | $59,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,766 |
| Advertising and promotion | $0 |
| Office expenses | $111,410 |
| Information technology | $22,893 |
| Royalties | $0 |
| Occupancy | $1,285,139 |
| Travel | $1,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $494,840 |
| Insurance | $68,591 |
| All other expenses | $12,600 |
| Total functional expenses | $8,346,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,197 |
| Savings and temporary cash investments | $3,308,168 |
| Pledges and grants receivable | $9,428 |
| Accounts receivable, net | $18,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $476,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,825 |
| Net Land, buildings, and equipment | $12,318,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,042 |
| Other assets | $1,126,813 |
| Total assets | $17,466,494 |
| Accounts payable and accrued expenses | $1,840,594 |
| Grants payable | $0 |
| Deferred revenue | $219 |
| 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 | $13,870,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,673,472 |
| Total liabilities | $63,385,101 |
| Net assets without donor restrictions | -$45,918,607 |
| 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 | $17,466,494 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Satellite Aha Development Inc has recieved totaling $1,513,589.
| Awarding Organization | Amount |
|---|---|
Satellite Affordable Housing Associates Berkeley, CA PURPOSE: GNRL SUPPORT: DEV LOW INC HSG | $1,513,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |