Heritage Housing Partners
- Assets
- $47.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Pasadena, CA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 95-4706651
Organization Overview
Heritage Housing Partners is located in Pasadena, CA. The organization was established in 1999. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Heritage Housing Partners employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Housing Partners 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 12/2021, Heritage Housing Partners generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 25.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HISTORIC PRESERVATION AND NEIGHBORHOOD REVITALIZATION BY DEVELOPING, OWNING, AND OPERATING RENTAL OR FOR SALE LOW-INCOME HOUSING PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKED ON THE PREDEVELOPMENT, REHABILITATION, AND NEW CONSTRUCTION OF OVER 108 UNITS SOLD PRIMARILY TO FIRST TIME LOW TO MODERATE INCOME HOME BUYERS IN PASADENA, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Loveman Executive Director | Officer | 40 | $187,680 |
John Mcaustin President | OfficerTrustee | 2 | $0 |
Karen Davis Treasurer | OfficerTrustee | 1 | $0 |
Nancy Spears Secretary | OfficerTrustee | 1 | $0 |
Richard Bruckner Vice President | OfficerTrustee | 1 | $0 |
David Rodriguez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,943 |
| Total Program Service Revenue | $3,090,070 |
| Investment income | $18,643 |
| 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 | $3,328,873 |
| 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. | $187,680 |
| Compensation of current officers, directors, key employees. | $46,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,625 |
| Payroll taxes | $38,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,934 |
| Fees for services: Accounting | $102,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,269 |
| Advertising and promotion | $2,368 |
| Office expenses | $28,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,562 |
| Travel | $433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,614 |
| Insurance | $30,191 |
| All other expenses | $0 |
| Total functional expenses | $3,799,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,502,661 |
| Savings and temporary cash investments | $350,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,627,386 |
| Inventories for sale or use | $32,635,836 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,744,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,542 |
| Total assets | $46,963,988 |
| Accounts payable and accrued expenses | $2,481,371 |
| Grants payable | $0 |
| Deferred revenue | $14,984,004 |
| 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 | $39,242,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,707,548 |
| Net assets without donor restrictions | -$9,743,560 |
| 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 | $46,963,988 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Housing Partners has recieved totaling $30,016.
| Awarding Organization | Amount |
|---|---|
The Jim Hicks Family Foundation Pasadena, CA PURPOSE: CHARITY | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Improvement Program Incorporated Chico, CA | $21,391,562 | $12,094,024 |
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Corporation For Better Housing Woodland Hills, CA | $296,535,247 | $11,913,598 |
Heritage Housing Partners Pasadena, CA | $46,963,988 | $3,328,873 |
Habitat For Humanity International Inc Fairfield, CA | $2,927,144 | $1,679,465 |
Rebuilding Together Sacramento Sacramento, CA | $605,075 | $1,258,303 |
Oakland Community Land Trust Oakland, CA | $15,577,472 | $4,458,347 |
Rebuilding Together Oakland Oakland, CA | $294,014 | $544,113 |
Esperanza-39th Street Partners Corporation Los Angeles, CA | $1,434,255 | $357,264 |
Los Angeles Communities Advocating For Unity Social Justice & Action Montebello, CA | $90,519 | $242,052 |
Sullivan Senior Housing Inc Portland, OR | $2,127,510 | $201,448 |
Rebuilding Together Of The City Of Angels Studio City, CA | $142,680 | $405,025 |