Coachella Valley Housing Coalition
- Assets
- $146.8m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 47
- Location
- Indio, CA
- Founding
- 07/1983
- Data as of
- 09/2021
- EIN
- 95-3814898
Organization Overview
Coachella Valley Housing Coalition is located in Indio, CA. The organization was established in 1983. 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 09/2021, Coachella Valley Housing Coalition employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coachella Valley Housing Coalition 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 09/2021, Coachella Valley Housing Coalition generated $17.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $16.9m during the year ending 09/2021. While expenses have increased by 2.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CVHC'S MISSION IS TO IMPROVE THE LIVING CONDITIONS OF LOW-INCOME INDIVIDUALS AND FAMILIES BY CONSTRUCTING AND OPERATING AFFORDABLE HOUSING INFUSED WITH COMMUNITY SERVICES PROGRAMS. CVHC DEVELOPS SINGLE FAMILY AND MULTIFAMILY AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES. CVHC ALSO PROVIDES AN ARRAY OF COMMUNITY SERVICE PROGRAMS FOR RESIDENTS OF ITS MULTIFAMILY DEVELOPMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVHC OWNS AND OPERATES SIX MULTIFAMILY APARTMENT DEVELOPMENTS, ONE SINGLE ROOM OCCUPANCY APARTMENT, ONE MOBILE HOME PARK, AND ONE SENIOR HOUSING PROJECT THAT PROVIDE AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME FARMWORKER FAMILIES, AND LOW AND VERY LOW INCOME FAMILIES AND SENIORS. A TOTAL OF 656 MULTIFAMILY UNITS, 106 RENTAL SPACES. IN ADDITION CVHC OPERATES TWO MIGRANT FARMWORKER HOUSING FACILITIES THAT PROVIDE TEMPORARY HOUSING TO MIGRANT FARMWORKERS - 176 UNITS. CVHC CONTRACTS WITH A THIRD PARTY PROPERTY MANAGEMENT COMPANY TO MANAGE ITS DEVELOPMENTS. CVHC AND ITS AFFILIATED ENTITIES ALSO OWN AND OPERATE TWELVE ADDITIONAL MULTI-FAMILY APARTMENT DEVELOPMENTS THAT PROVIDE AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME FAMILIES AND INDIVIDUALS. THESE DEVELOPMENTS WERE BUILT UNDER THE LOW-INCOME HOUSING TAX CREDIT PROGRAM (LIHTC). THESE TAX CREDIT DEVELOPMENTS HAVE COMPLETED THE 15 YEAR TAX CREDIT COMPLIANCE PERIOD. THE NUMBER OF UNITS OWNED IS 655.
CVHC PROVIDES TECHNICAL ASSISTANCE TO LOW INCOME FAMILIES IN OBTAINING FINANCING TO BUILD THEIR SINGLE FAMILY HOMES IN THE COACHELLA VALLEY AND OTHER COMMUNITIES. CVHC RECEIVES FEDERAL, STATE, COUNTY AND LOCAL FUNDS TO ASSIST THE FAMILIES TO BUILD THEIR HOMES UNDER THE MUTUAL SELF HELP PROGRAM (MSHP). THE TOTAL NUMBER OF HOUSES COMPLETED FOR THIS PERIOD UNDER THE MSHP WERE 12. A TOTAL OF 74 HOMES WERE IN VARIOUS STAGES OF CONSTRUCTION, AND 27 WERE IN FAMILY RECRUITING STAGES. CVHC ALSO ACQUIRES AND DEVELOPS LAND FOR THE PURPOSE OF BUILDING AFFORDABLE SINGLE FAMILY HOUSING. A TOTAL OF 90 LOTS ARE CURRENTLY IN THE PREDEVELOPMENT STAGE. CVHC OPERATES A LEASE TO OWN PROGRAM, WHEREBY HOUSES ARE PURCHASED, REHABILITATED AND RENTED TO ELIGIBLE FAMILIES. A TOTAL OF 44 HOUSES WERE REHABILITATED UNDER THIS PROGRAM. TWO HOUSES WERE SOLD DURING THE YEAR. 10 HOUSES REMAIN UNDER THIS PROGRAM. CVHC PROVIDES HOUSING COUNSELING ASSISTANCE TO FAMILIES PARTICIPATING IN THE MSHP AND THE LEASE TO OWN PROGRAM. A TOTAL OF 106 INDIVIDUALS RECEIVED VARIOUS TYPES OF HOUSING COUNSELING SERVICES DURING THE YEAR.
CVHC ACQUIRES AND DEVELOPS LAND FOR THE PURPOSE OF BUILDING AFFORDABLE MULTI-FAMILY HOUSING DEVELOPMENTS. FINANCING FOR THESE DEVELOPMENTS IS OBTAINED FROM THE LOW INCOME HOUSING TAX CREDIT PROGRAM (LIHTC) AS WELL AS FEDERAL, STATE, COUNTY AND LOCAL FUNDS. DURING THE YEAR CVHC HAD ONE LIHTC FARMWORKER HOUSING DEVELOPMENT IN THE CONSTRUCTION STAGE - 100 UNITS. THREE DEVELOPMENTS ARE IN PRE-DEVELOPMENT STAGES TOTALING 269 UNITS OF AFFORDABLE MULTFAMILY HOUSING. CVHC HAS DEVELOPED, REHABILITATED AND ACQUIRED 40 DEVELOPMENTS WITH A TOTAL OF 2,853 UNITS OF MULTI-FAMILY AND SPECIAL NEEDS AFFORDABLE HOUSING SINCE INCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pedro S G Rodriguez Executive Dir. | Officer | 40 | $178,053 |
Julie Bornstein Executive Dir. | OfficerTrustee | 40 | $140,911 |
Alice Salinas Secretary | OfficerTrustee | 40 | $118,366 |
Scott Darrell Vice President | OfficerTrustee | 1 | $0 |
Michael Kiner Treasurer | OfficerTrustee | 1 | $0 |
Julia S Diaz-Smith President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyder & Company Property Management | 9/29/21 | $826,586 |
Demo Unlimited Inc Demolition Services | 9/29/21 | $338,259 |
Msa Consulting Engineering Services | 9/29/21 | $131,120 |
Southwest Networks Inc Information Technology | 9/29/21 | $106,129 |
Oscar G Armijo Cpa Auditing Services | 9/29/21 | $143,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,382,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,732,009 |
| Total Program Service Revenue | $11,897,308 |
| Investment income | $184,130 |
| 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 | $17,127,596 |
| 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. | $388,954 |
| Compensation of current officers, directors, key employees. | $199,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,675,790 |
| Pension plan accruals and contributions | $80,415 |
| Other employee benefits | $561,112 |
| Payroll taxes | $326,843 |
| Fees for services: Management | $116,022 |
| Fees for services: Legal | $39,970 |
| Fees for services: Accounting | $222,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,630 |
| Advertising and promotion | $22,101 |
| Office expenses | $390,008 |
| Information technology | $186,754 |
| Royalties | $0 |
| Occupancy | $2,266,022 |
| Travel | $124,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,521 |
| Interest | $536,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,489,756 |
| Insurance | $427,113 |
| All other expenses | $106,337 |
| Total functional expenses | $16,940,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,990,423 |
| Savings and temporary cash investments | $10,883,842 |
| Pledges and grants receivable | $4,792,638 |
| Accounts receivable, net | $6,645,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,432,945 |
| Inventories for sale or use | $16,060,504 |
| Prepaid expenses and deferred charges | $635,338 |
| Net Land, buildings, and equipment | $32,337,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,999,985 |
| Total assets | $146,778,624 |
| Accounts payable and accrued expenses | $1,306,609 |
| Grants payable | $0 |
| Deferred revenue | $4,280,927 |
| 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 | $37,620,103 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,659,968 |
| Total liabilities | $55,867,607 |
| Net assets without donor restrictions | $84,325,273 |
| Net assets with donor restrictions | $6,585,744 |
| 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 | $146,778,624 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Coachella Valley Housing Coalition has recieved totaling $387,082.
| Awarding Organization | Amount |
|---|---|
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO PARTNER WITH HEALTH CARE INSTITUTIONS TO INTEGRATE HEALTH AND AFFORDABLE HOUSING AND FOR IMMEDIATE RESPONSE NEEDS CAUSED BY THE COVID-19 PANDEMIC IN RURAL AND DESERT COMMUNITIES IN COACHELLA VALLEY. | $325,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $12,000 |
Grace Helen Spearman Foundation Palm Springs, CA PURPOSE: HELPING MOTIVATED FAMILIES TO BECOME HOMEOWNERS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
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 |