Pilgrim Terrace Cooperative Homes
- Assets
- $5.4m
- Revenue
- $396.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Santa Barbara, CA
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 95-3465019
Organization Overview
Pilgrim Terrace Cooperative Homes is located in Santa Barbara, CA. The organization was established in 1980. 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 12/2022, Pilgrim Terrace Cooperative Homes employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pilgrim Terrace Cooperative Homes 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 12/2022, Pilgrim Terrace Cooperative Homes generated $396.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 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
TO PROVIDE SOCIAL SERVICE ASSISTANCE TO THE ELDERLY AND DISABLED IN SANTA BARBARA, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PILGRIM TERRACE COOPERATIVE HOMES FOOD PROGRAM: CONTINUING TO SERVE 93 RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOME PROVIDING ONE HEALTHY MEAL A DAY FIVE DAYS WEEK. THE PROGRAM INCLUDES DELIVERY OF MEALS TO DISABLED RESIDENTS THAT ARE UNABLE TO JOIN THE COMMON DINING ROOM.DISTRIBUTED 22,100 PREPARED FRESHLY EVERYDAY MEALS TO RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOMES. DISTRIBUTED FRESHLY GROWN PRODUCE TO RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOMES. THROUGH OUR DISTRIBUTION EFFORTS WE DISTRIBUTED 32,000 LBS OF PRODUCE TO IDENTIFIED FOOD DESERTS IN SANTA BARBARA COUNTY.IMPLEMENTED PHYSICAL FITNESS, YOGA CLASSES, ART AND CLAY MOLDING CLASSES FOR THE RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOMES.1092 TOTAL TRIPS TO AND FROM - RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOMES TO ASSIST THEM WITH ERRANDS.DROVE 780 RESIDENTS TO DOCTORS APPOINTMENTS, PHARMACIES, GROCERY SHOPPING, ETC. 6,500 MILES - DROVE RESIDENTS TO ERRANDS IN AND AROUND SANTA BARBARA & GOLETA.360 BOTTLES OF HAND SANITIZER WERE DISTRIBUTED TO RESIDENTS FOR THEIR PROTECTION FROM COVID-19.UPGRADED TO ORGANIC INGREDIENTS (PROTEIN & VEGETABLES) TO FEED RESIDENTS OF PILGRIM TERRACE COOPERATIVE HOMES.DISTRIBUTED 1,200LBS OF TRADER JOES AND FOOD BANK PROVIDED FOOD TO RESIDENTS AND TO THE GREATER WESTSIDE OF SANTA BARBARA COMMUNITY.SANITIZED DINING & OFFICE FACILITIES, LAUNDRY ROOMS, TRANSPORTATION VEHICLES WITH STATE-OF-THE-ART PURE ANTI-BACTERIA TREATMENT FOR THE SAFETY OF RESIDENTS AND EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manny Ayala Executive Dir. | Officer | 20 | $33,499 |
John Jeffries President | OfficerTrustee | 20 | $44,800 |
Dave Sommers Director | Trustee | 2 | $0 |
Samantha Anderson Vice President | Trustee | 2 | $0 |
Ruben Venegas Director | Trustee | 2 | $0 |
Michael Vondran Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $10,970 |
| Investment income | $325,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $453,818 |
| 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. | $94,283 |
| Compensation of current officers, directors, key employees. | $14,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,116 |
| Fees for services: Other | $10,750 |
| Advertising and promotion | $47,332 |
| Office expenses | $27,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,514 |
| Insurance | $104,236 |
| All other expenses | $1,284 |
| Total functional expenses | $1,306,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $672 |
| Investments—publicly traded securities | $4,681,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $681,076 |
| Total assets | $5,389,985 |
| Accounts payable and accrued expenses | $7,737 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $625,820 |
| Total liabilities | $633,557 |
| Net assets without donor restrictions | $4,756,428 |
| 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 | $5,389,985 |