Innovative Housing Opportunities Inc
- Assets
- $14.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Santa Ana, CA
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 95-3068902
Organization Overview
Innovative Housing Opportunities Inc is located in Santa Ana, CA. The organization was established in 1977. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Innovative Housing Opportunities Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Housing Opportunities 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, Innovative Housing Opportunities Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.3m 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
IHO IS AN AWARD-WINNING NONPROFIT DEVELOPER OF AFFORDABLE, PERMANENT RENTAL, MIXED-INCOME, AND MIXED-USE HOUSING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1976, INNOVATIVE HOUSING OPPORTUNITIES (IHO) HAS DEVELOPED ANDADVOCATED FOR HIGH-QUALITY, PERMANENT RENTAL HOMES FOR LOW TO MODERATE-INCOME RESIDENTS IN CALIFORNIA. OUR PORTFOLIO INCLUDES AFFORDABLE, MIXED-INCOME, MIXED-POPULATION, AND MIXED-USE HOUSING COMMUNITIES WITH INTEGRATED, HOLISTIC RESIDENT SERVICES AND PROGRAMS THAT ENRICH LIVES, ADVANCE SOCIAL EQUITY AND ACCELERATE THE ECONOMIC SELF-RELIANCE OF FAMILIES, SENIORS, AND SPECIAL NEEDS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Mills President & CEO | Officer | 40 | $215,000 |
Ezra Bolds CFO | Officer | 40 | $153,000 |
Miguel Garcia Director, Real Estate Development | 40 | $137,000 | |
Dave Kroot Chair | OfficerTrustee | 2 | $0 |
Brandon Mccall Treasurer | OfficerTrustee | 2 | $0 |
Mary Watson-Bruce Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,881 |
| Noncash contributions included in lines 1a–1f | $2,655 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,160 |
| Total Program Service Revenue | $1,178,367 |
| Investment income | $201,963 |
| 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 | $1,758,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,175 |
| 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. | $368,000 |
| Compensation of current officers, directors, key employees. | $58,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,488 |
| Pension plan accruals and contributions | $22,583 |
| Other employee benefits | $0 |
| Payroll taxes | $77,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,651 |
| Fees for services: Accounting | $55,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,185 |
| Advertising and promotion | $33,970 |
| Office expenses | $7,239 |
| Information technology | $13,205 |
| Royalties | $0 |
| Occupancy | $96,229 |
| Travel | $4,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,495 |
| Insurance | $153,361 |
| All other expenses | $100,705 |
| Total functional expenses | $2,262,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,648,363 |
| Savings and temporary cash investments | $3,411,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $746,895 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,632,633 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,071 |
| Net Land, buildings, and equipment | $90,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,436,174 |
| Total assets | $13,971,769 |
| Accounts payable and accrued expenses | $94,904 |
| Grants payable | $0 |
| Deferred revenue | $3,910,576 |
| 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 | $32,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $181,772 |
| Total liabilities | $4,220,204 |
| Net assets without donor restrictions | $9,706,565 |
| Net assets with donor restrictions | $45,000 |
| 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 | $13,971,769 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Innovative Housing Opportunities Inc has recieved totaling $65,205.
| Awarding Organization | Amount |
|---|---|
Hoag Memorial Hospital Presbyterian Newport Beach, CA | | $25,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Financial Well-being Program | $20,000 |
Sisters Of St Joseph Healthcare Foundation Orange, CA PURPOSE: INNOVATIVE AFFORDABLE HOUSING COMMUNITIES | $15,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $5,000 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merritt Island Rhf Housing Inc Long Beach, CA | $16,525,724 | $11,657,379 |
Bay Area Community Services Housing Corporation Oakland, CA | $32,429,080 | $14,277,346 |
Bonita House Inc Oakland, CA | $9,249,127 | $8,199,121 |
Bethel Lutheran Home Inc Selma, CA | $6,053,486 | $7,514,806 |
Childrens Receiving Home Of Sacramento Sacramento, CA | $10,913,892 | $5,213,560 |
Lunalilo Home Honolulu, HI | $16,842,204 | $3,576,516 |
Next Step Strategies Inc Clackamas, OR | $107,122 | $4,007,465 |
Serra Residential Center Union City, CA | $6,900,354 | $5,886,355 |
Mid-Peninsula Baker Park Inc Foster City, CA | $11,504,920 | $3,244,153 |
Merritt Community Capital Corp Oakland, CA | $34,382,493 | $8,692,204 |
Stonehaven Student Housing Inc San Rafael, CA | $14,376,798 | $4,180,061 |
Ka Mana O Na Helu Pearl City, HI | $1,824,301 | $3,671,732 |