Many Mansions A California Non Profit Corporation
- Assets
- $49.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 93
- Location
- Thousand Oaks, CA
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 95-3424516
Organization Overview
Many Mansions A California Non Profit Corporation is located in Thousand Oaks, CA. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Many Mansions A California Non Profit Corporation employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Many Mansions A California Non Profit 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, Many Mansions A California Non Profit Corporation generated $6.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. 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
TO PROMOTE AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS WITH LIFE-ENRICHING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING AND LIFE-ENRICHING SERVICES TO LOW, VERY LOW AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES RESIDING IN BOTH VENTURA COUNTY AND LOS ANGELES COUNTY AND THE SURROUNDING AREAS. THE ORGANIZATION DEVELOPS (ACQUISITION/REHABILITATION AND NEW CONSTRUCTION HOUSING PROPERTIES), MANAGES, AND OWNS (SOLELY AND AS INVESTMENTS HELD AS PARTNERSHIP INTERESTS) TWENTY AFFORDABLE HOUSING RENTAL COMPLEXES CONSISTING OF 654 UNITS OF HOUSING. IN ADDITION, SERVICES ARE PROVIDED TO ITS RESIDENTS INCLUDING HOMEWORK TUTORING, SUMMER CAMP, SCHOOL SUPPORT, CASE MANAGEMENT, JOB DEVELOPMENT, AND LIFE-SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Schroeder President | Officer | 47 | $188,135 |
Alex Russell Executive VP | Officer | 47 | $185,636 |
Doug Perry Vice Chairperson | OfficerTrustee | 2.5 | $0 |
Susan Cass Treasurer | OfficerTrustee | 2.5 | $0 |
Tim Harrington Chairperson | OfficerTrustee | 2.5 | $0 |
Skyler Wolpert Secretary | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hd Supply Facilities Maintenance Ltd Repaips And Maint. Supplies | 6/29/20 | $144,646 |
Frank Oglesby - Bronco Development Co General Contractor | 6/29/20 | $111,010 |
Seamless Flooring La Llc Vinyl Flooring | 6/29/20 | $102,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,463 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,953 |
| Noncash contributions included in lines 1a–1f | $28,475 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,035,416 |
| Total Program Service Revenue | $4,237,646 |
| Investment income | $298,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,482,508 |
| 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. | $1,042,976 |
| Compensation of current officers, directors, key employees. | $342,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,105,037 |
| Pension plan accruals and contributions | $72,464 |
| Other employee benefits | $302,286 |
| Payroll taxes | $340,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,044 |
| Fees for services: Accounting | $14,000 |
| 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 | $49,978 |
| Information technology | $46,194 |
| Royalties | $0 |
| Occupancy | $14,800 |
| Travel | $30,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $843,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684,268 |
| Insurance | $114,721 |
| All other expenses | $380,636 |
| Total functional expenses | $7,845,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,252,771 |
| Savings and temporary cash investments | $1,193,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,092,718 |
| 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 | $86,834 |
| Net Land, buildings, and equipment | $24,557,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $73,327 |
| Intangible assets | $141,751 |
| Other assets | $17,876,410 |
| Total assets | $49,275,263 |
| Accounts payable and accrued expenses | $960,070 |
| Grants payable | $0 |
| Deferred revenue | $197,057 |
| 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 | $30,546,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,537 |
| Total liabilities | $31,811,176 |
| Net assets without donor restrictions | $17,181,527 |
| Net assets with donor restrictions | $282,560 |
| 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 | $49,275,263 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Many Mansions A California Non Profit Corporation has recieved totaling $100,902.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $35,000 |
Sherwood Country Club Charitable Foundation Inc Thousand Oaks, CA PURPOSE: SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $14,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $252 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Endowment Analysis
| Beg. Balance | $97,615 |
| Earnings | -$4,076 |
| Admin Expense | $6 |
| Ending Balance | $93,533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Hale Mahaolu Kahului, HI | $62,797,850 | $14,655,033 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |