Turk Street Inc
- Assets
- $36.6m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/1998
- Data as of
- 12/2021
- 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 12/2021, Turk Street Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $19.1m during the year ending 12/2021. 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
IN 2021, 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 |
|---|---|---|---|
Susan Johnson Secretary | OfficerTrustee | 0.3 | $0 |
Tiffany Bohee President | OfficerTrustee | 0.3 | $0 |
Tracey Edwards Treasurer | OfficerTrustee | 0.3 | $0 |
Jme Mclean Vice President | OfficerTrustee | 0.3 | $0 |
Donald Falk-Left In 2021 CEO | Officer | 0.5 | $0 |
Ronald Charles Lathouwers CFO | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,685,178 |
| 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 | $3,685,178 |
| Total Program Service Revenue | $1,028,383 |
| Investment income | $41,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,033,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,576,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $368,072 |
| 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 | $490,203 |
| Fees for services: Legal | $715 |
| Fees for services: Accounting | $33,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,215 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $193 |
| 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 | $83,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,067 |
| Insurance | $25,752 |
| All other expenses | $233,276 |
| Total functional expenses | $19,121,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,247,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,972,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,151,064 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,372 |
| Net Land, buildings, and equipment | $10,405,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,960,049 |
| Intangible assets | $0 |
| Other assets | $1,844,112 |
| Total assets | $36,581,577 |
| Accounts payable and accrued expenses | $644,819 |
| Grants payable | $0 |
| Deferred revenue | $14,519 |
| 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 | $7,266,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,986,913 |
| Total liabilities | $64,912,359 |
| Net assets without donor restrictions | -$28,330,782 |
| 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 | $36,581,577 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Turk Street Inc has recieved totaling $3,685,178.
| Awarding Organization | Amount |
|---|---|
Tenderloin Neighborhood Development Corporation San Francisco, CA PURPOSE: TO SUPPORT THE ACTIVITIES OF THE DONEE ORGANIZATION | $2,563,638 |
Eddy Street Inc San Francisco, CA PURPOSE: GP EQUITY, PASS THROUGH TO AMBASSADOR 4% | $902,547 |
Ambassador Sro Inc San Francisco, CA PURPOSE: GP EQUITY, PASS THROUGH TO AMBASSADOR 4% | $159,353 |
Ambassador Sro Inc San Francisco, CA PURPOSE: GP EQUITY, PASS THROUGH TO AMBASSADOR 9% | $59,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |
Jamboree Housing Corporation Irvine, CA | $221,855,825 | $24,784,050 |
Single Room Occupancy Housing Corp Los Angeles, CA | $62,333,693 | $24,140,740 |