Santa Barbara Student Housing
- Assets
- $6.0m
- Revenue
- $954.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Goleta, CA
- Founding
- 10/1978
- Data as of
- 06/2022
- EIN
- 95-3183693
Organization Overview
Santa Barbara Student Housing is located in Goleta, CA. The organization was established in 1978. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Santa Barbara Student Housing employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Student Housing 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, Santa Barbara Student Housing generated $954.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 4.1% 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
PROVIDE LOW RENT COOPERATIVE (SELF-HELP) HOUSING FOR STUDENT, STAFF AND FACULTY OF UNIVERSITY OF CALIFORNIA, SANTA BARBARA REGARDLESS OF GENDER, RACE, SOCIAL, POLITICAL, OR RELIGOUS AFFILIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES CO-OP HOUSING. RESIDENTS CONSIST OF UC SANTA BARBARA AFFILIATES WHO ALSO BENEFIT FROM GOVERNING AND MANAGING A NON-PROFIT HOUSING COOPERATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcelino Sepulveda Executive Dir. | Officer | 40 | $58,995 |
Allison Daymond President | OfficerTrustee | 4 | $8,283 |
Ashleigh Valenti Secretary | OfficerTrustee | 4 | $0 |
Brunel Odegard Treasurer | OfficerTrustee | 4 | $0 |
Asha Bosworth-Ahmet Member Advocate | Trustee | 4 | $0 |
Macy Le Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,146 |
| Total Program Service Revenue | $912,345 |
| Investment income | $527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,160 |
| 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. | $96,345 |
| Compensation of current officers, directors, key employees. | $9,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $368,063 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $195,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,625 |
| Insurance | $49,713 |
| All other expenses | $1,115 |
| Total functional expenses | $1,039,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,893 |
| Savings and temporary cash investments | $1,355,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,820 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,216,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $161,663 |
| Other assets | $0 |
| Total assets | $6,016,312 |
| Accounts payable and accrued expenses | $1,559 |
| 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 | $5,426,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,943 |
| Total liabilities | $5,661,341 |
| Net assets without donor restrictions | $0 |
| 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 | $354,971 |
| Total liabilities and net assets/fund balances | $6,016,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Next Move Homeless Services Sacramento, CA | $8,447,671 | $14,808,521 |
Homeward Bound Of Marin Novato, CA | $46,962,235 | $20,804,885 |
Berkeley Student Cooperative Inc Berkeley, CA | $57,970,092 | $10,593,922 |
Alameda County Homeless Action Center Berkeley, CA | $12,265,605 | $9,695,945 |
Operation Dignity Inc Oakland, CA | $4,987,460 | $8,555,959 |
On The Rise Inc Barstow, CA | $1,107,215 | $5,933,526 |
East County Transitional Living Center Inc El Cajon, CA | $1,910,869 | $5,548,107 |
Century Villages At Cabrillo Inc Culver City, CA | $30,721,110 | $4,907,626 |
Dignitymoves San Francisco, CA | $10,348,267 | $5,610,876 |
Ascencia Glendale, CA | $5,834,475 | $6,191,753 |
Grandmas House Of Hope Anaheim, CA | $3,883,799 | $4,297,846 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |