Stovall Development Corporation
- Assets
- $15.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1966
- Data as of
- 06/2022
- EIN
- 95-2542353
Organization Overview
Stovall Development Corporation is located in Los Angeles, CA. The organization was established in 1966. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction 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. Stovall Development Corporation 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, Stovall Development Corporation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELDERLY TENANT ASSISTANCE PROG
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Washington President | OfficerTrustee | 0 | $0 |
Loretta Gillett Vice President | OfficerTrustee | 0 | $0 |
Solomon Banks Secretary | OfficerTrustee | 0 | $0 |
Alice Sutton Director | Trustee | 0 | $0 |
Rene Anderson Director | Trustee | 0 | $0 |
Quaford Coleman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,127,644 |
| 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 | $3,127,644 |
| Total Program Service Revenue | $769,839 |
| Investment income | $2,219 |
| 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 | $3,956,852 |
| 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 | $173,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,589 |
| Fees for services: Management | $153,615 |
| Fees for services: Legal | $13,120 |
| Fees for services: Accounting | $18,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,500 |
| Advertising and promotion | $0 |
| Office expenses | $94,118 |
| 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 | $408,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,555 |
| Insurance | $133,167 |
| All other expenses | $0 |
| Total functional expenses | $2,578,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,011 |
| Accounts receivable, net | $5 |
| 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 | $58,152 |
| Net Land, buildings, and equipment | $8,181,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,541,961 |
| Other assets | $3,794,378 |
| Total assets | $15,224,162 |
| Accounts payable and accrued expenses | $88,704 |
| Grants payable | $1,450 |
| Deferred revenue | $215 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,338,674 |
| Total liabilities | $10,429,043 |
| Net assets without donor restrictions | $4,795,119 |
| 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 | $15,224,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trellis Phoenix, AZ | $14,366,435 | $6,000,326 |
Stovall Development Corporation Los Angeles, CA | $15,224,162 | $3,956,852 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Neighborhood Housing Services Of The Inland Empire Inc San Bernardino, CA | $6,288,165 | $1,968,201 |
Shared Housing And Resource Exchange California Santa Rosa, CA | $388,408 | $771,294 |
Affordable Housing Clearinghouse Lake Forest, CA | $1,947,604 | $540,630 |
Hhoc Mortgage Honolulu, HI | $2,943,127 | $542,379 |
Special Assistance Fund For Energy Safe Reno, NV | $382,283 | $307,507 |
Five Rivers Loan Fund Inc Happy Camp, CA | $1,465,568 | $158,853 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |
Greenline Housing Foundation Pasadena, CA | $87,704 | $0 |
Fortify Families Beaverton, OR | $629 | $0 |