Santa Barbara Community Housing Corporation
- Assets
- $11.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Santa Barbara, CA
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 95-2954450
Organization Overview
Santa Barbara Community Housing Corporation is located in Santa Barbara, CA. The organization was established in 1975. 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. As of 06/2021, Santa Barbara Community Housing Corporation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Community Housing 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 06/2021, Santa Barbara Community Housing Corporation generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. 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
THE ORGANIZATION IS A NON-PROFIT PUBLIC BENEFIT CORPORATION DEDICATED TO PROVIDING SAFE AND AFFORDABLE HOUSING FOR INDIVIDUALS OF LOW TO MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS, BUILDS, RENTS & MANAGES LOW & MODERATE HOUSING USING BOTH GOVERNMENT & PRIVATE SECTOR FUNDING. PRESENTLY, THE ORGANIZATION MANAGES 14 MULTI-FAMILY PROPERTIES TOTALLING MORE THAN 300 UNITS WITH APPROXIMATELY 500 RESIDENTS, SOME OF WHOM ALSO RECEIVE SUPPORT SERVICES. THE ORGANIZATION ALSO OVERSEES VARIOUS OTHER RELATED NON-PROFIT ENTITIES WHICH ALSO SERVE TO PROVIDE HOUSING FOR INDIVIDUALS OF LOW TO MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Young Executive Direc. | 40 | $143,186 | |
Andrew Roteman President | OfficerTrustee | 2 | $0 |
Hazra Kamal Secretary | OfficerTrustee | 2 | $0 |
Hugh Hollis Treasurer | OfficerTrustee | 2 | $0 |
Steve Golis Director | Trustee | 2 | $0 |
Raul Baez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,567 |
| Total Program Service Revenue | $2,453,965 |
| Investment income | $18,077 |
| 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 | $2,671,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $592,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,060 |
| Payroll taxes | $41,279 |
| Fees for services: Management | $198,873 |
| Fees for services: Legal | $19,230 |
| Fees for services: Accounting | $25,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,209 |
| Advertising and promotion | $0 |
| Office expenses | $15,552 |
| Information technology | $18,408 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,237 |
| Insurance | $55,118 |
| All other expenses | $100,612 |
| Total functional expenses | $2,456,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,149,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $819,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,015,156 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,944,269 |
| Total assets | $11,012,096 |
| Accounts payable and accrued expenses | $362,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,175,581 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,102,908 |
| Total liabilities | $5,641,099 |
| Net assets without donor restrictions | $5,370,997 |
| 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 | $11,012,096 |
Grants Awarded
Over the last fiscal year, Santa Barbara Community Housing Corporation has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Santa Barbara, CA PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Santa Barbara Community Housing Corporation has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Hutton Foundation A Delaware Corp Santa Barbara, CA PURPOSE: SPONSORSHIP | $14,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HEALTH AND HUMAN SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |