Haven For Affordable Housing Inc
- Assets
- $4.2m
- Revenue
- $714.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Encino, CA
- Founding
- 09/1991
- Data as of
- 03/2023
- EIN
- 95-4328705
Organization Overview
Haven For Affordable Housing Inc is located in Encino, CA. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Haven For Affordable Housing Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haven For Affordable Housing 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 03/2023, Haven For Affordable Housing Inc generated $714.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $719.7k during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LOW-INCOME HOUSING TO FAMILIES WITH LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAVEN IS A PARTNER IN APARTMENT BUILDINGS PROVIDING HUD SECTION 8 RENT SUBSIDIZED HOUSING FOR LOW INCOME AND MODERATE INCOME FAMILIES AND THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher White President | OfficerTrustee | 17 | $207,230 |
Karen Steinbaum Vice President | OfficerTrustee | 5 | $102,300 |
Judah Elcayam Treasurer | OfficerTrustee | 12 | $208,910 |
Bruce Steinbaum Secretary | OfficerTrustee | 5 | $31,000 |
Jacquie Jones Director | Trustee | 0.5 | $0 |
Linda Delaney Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $722,901 |
| Investment income | $24,161 |
| 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 | $714,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $549,440 |
| Compensation of current officers, directors, key employees. | $140,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,825 |
| Fees for services: Accounting | $18,835 |
| 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 | $4,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $312 |
| 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 | $0 |
| Insurance | $9,548 |
| All other expenses | $7,072 |
| Total functional expenses | $719,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,971 |
| Savings and temporary cash investments | $2,749,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,394,815 |
| Intangible assets | $0 |
| Other assets | $2,725 |
| Total assets | $4,184,511 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $4,184,511 |
| Total liabilities and net assets/fund balances | $4,184,511 |
Grants Awarded
Over the last fiscal year, Haven For Affordable Housing Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING MANAGEMENT ASSOCIATION SCHOLARSHIP FUND PURPOSE: PROVIDE SCHOLARSHIPS FOR EDUCATIONAL PURPOSES | $10,000 |
AFFORDABLE HOUSING MANAGEMENT ASSOCIATION SCHOLARSHIP FUND PURPOSE: PROVIDE SCHOLARSHIPS FOR EDUCATIONAL PURPOSESPROVIDE SCHOLARSHIPS FOR EDUCATIONAL PURPOSES | $10,000 |