Turk Street Inc
- Assets
- $34.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 94-3297381
Organization Overview
Turk Street Inc is located in San Francisco, CA. The organization was established in 1998. 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. Turk Street 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, Turk Street Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 7 years. 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
IN 2022, TURK STREET INC.'S KEY ACTIVITIES WERE: PROVIDING AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND EXTREMELY LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A GENERAL PARTNER IN VARIOUS LIMITED PARTNERSHIPS THAT OWN AND OPERATE LOW INCOME HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Bohee President | OfficerTrustee | 0.25 | $0 |
Jme Mclean Vice President | OfficerTrustee | 0.25 | $0 |
Susan Johnson Secretary | OfficerTrustee | 0.25 | $0 |
Tracey Edwards Treasurer | OfficerTrustee | 0.25 | $0 |
Dave Kroot Director | Trustee | 0.25 | $0 |
Jane Graf Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $177,773 |
| 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 | $177,773 |
| Total Program Service Revenue | $1,066,133 |
| Investment income | $41,038 |
| 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 | $1,749,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,915 |
| 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 | $568,905 |
| Fees for services: Legal | $18,483 |
| Fees for services: Accounting | $37,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,779 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,025 |
| Insurance | $30,959 |
| All other expenses | $196,082 |
| Total functional expenses | $9,684,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,991,648 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,162,337 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,525 |
| Net Land, buildings, and equipment | $10,200,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,052,089 |
| Intangible assets | $0 |
| Other assets | $1,924,270 |
| Total assets | $34,684,977 |
| Accounts payable and accrued expenses | $787,336 |
| Grants payable | $0 |
| Deferred revenue | $1,321 |
| 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 | $7,261,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,900,479 |
| Total liabilities | $70,950,391 |
| Net assets without donor restrictions | -$36,265,414 |
| 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 | $34,684,977 |