Western Community Housing Inc
- Assets
- $116.8m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Costa Mesa, CA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 95-4751332
Organization Overview
Western Community Housing Inc is located in Costa Mesa, CA. The organization was established in 2000. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Western Community Housing Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Community 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 12/2022, Western Community Housing Inc generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 9.7% 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
WESTERN COMMUNITY HOUSING IS DEDICATED TO BUILDING, PURCHASING AND OPERATING AFFORDABLE HOUSING COMMUNITIES AND PROVIDING LIFE ENHANCING SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS AND THEREBY LESSENS THE BURDENS OF GOVERNMENT. - SEE SCHEDULE O FOR MORE DETAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS:AS OF JANUARY 1, 2022 WCH WAS THE MANAGING GENERAL PARTNER OF 106 LOW INCOME HOUSING TAX CREDIT PARTNERSHIPS ("PARTNERSHIPS"). THESE 106 PARTNERSHIPS OWNED 104 AFFORDABLE HOUSING COMMUNITIES IN CALIFORNIA AND TWO IN ARIZONA THAT COLLECTIVELY OWNED APPROXIMATELY 7,930 AFFORDABLE UNITS. DURING 2022 WCH BECAME THE MANAGING GENERAL PARTNER OF 3 NEW PARTNERSHIPS ADDING 371 MORE AFFORDABLE COMMUNITIES IN CALIFORNIA.AS A RESULT OF THESE ACCOMPLISHMENTS, WCH WAS THE MANAGING GENERAL PARTNER OF 108 PARTNERSHIPS BY DECEMBER 31, 2022. THESE 108 AFFORDABLE COMMUNITIES IN CALIFORNIA OWNED APPROXIMATELY 8,301 AFFORDABLE UNITS.OF THE 108 AFFORDABLE COMMUNITIES OWNED BY THE PARTNERSHIPS AT DECEMBER 31, 2022, 4,297 WERE AFFORDABLE FAMILY COMMUNITIES, 2,689 WERE AFFORDABLE SENIOR COMMUNITIES, AND 1,315 WERE SPECIAL NEEDS COMMUNITIES, ALL WITH RENTS LIMITED TO LOW-INCOME HOUSEHOLDS.IN THE PROVISION OF AFFORDABLE HOUSING, WCH RECORDED $1,821,680 IN DEVELOPMENT FEES FOR THE DEVELOPMENT OF THE AFFORDABLE COMMUNITIES AND RECORDED $1,236,325 IN MANAGEMENT FEES FOR MANAGING THE AFFORDABLE COMMUNITIES IN 2022. WCH ALSO RECORDED RENTAL INCOME OF $2,682,926 AND OTHER INCOME OF $127,883 FROM ITS INVESTMENTS IN THESE LOW-INCOME HOUSING PARTNERSHIPS, FOR TOTAL PROGRAM SERVICE REVENUE OF $5,868,814.
PROVISION OF SOCIAL SERVICES TO RESIDENTS RESIDING IN AFFORDABLE COMMUNITIES:AS OF JANUARY 1, 2022 WCH WAS PROVIDING SOCIAL SERVICES TO RESIDENTS AT 64 AFFORDABLE FAMILY AND SENIOR COMMUNITIES. BY DECEMBER 31, 2022 WCH WAS PROVIDING SOCIAL SERVICES RESIDENTS AT 67 AFFORDABLE FAMILY AND SENIOR COMMUNITIES IN CALIFORNIA, AN INCREASE OF THREE. SERVICES INCLUDE AFTERSCHOOL PROGRAMS FOR CHILDREN, FOOD DISTRIBUTION , CASE MANAGEMENT, CREATIVITY PROGRAMS, CAREER COUNSELING, ADULT EDUCATION CLASSES, EXERCISE CLASSES, AND COMMUNITY BUILDING ACTIVITIES. IN THE PROVISION OF THESE SERVICES, WCH RECORDED SOCIAL SERVICE INCOME OF $1,632,905 IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Espley Jones Pres. /director | OfficerTrustee | 40 | $455,069 |
Leanne Truofreh Sr Vp/secretary | Officer | 40 | $172,745 |
Jaymie Piguing Vp/controller | Officer | 40 | $150,252 |
Martha Cisneros Vp/real Estate | Officer | 40 | $144,762 |
Scott Gayner Vp/portf Mgmt | Officer | 40 | $124,323 |
Charles Latham Barker Vp/operations | Officer | 40 | $120,111 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engage The Art Of Active Aging Social Services | 12/30/22 | $606,130 |
Lifesteps Inc Social Services | 12/30/22 | $469,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,877,948 |
| 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 | $1,877,948 |
| Total Program Service Revenue | $7,501,719 |
| Investment income | $609,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,855 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,987,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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. | $1,499,095 |
| Compensation of current officers, directors, key employees. | $74,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,736 |
| Pension plan accruals and contributions | $27,071 |
| Other employee benefits | $104,356 |
| Payroll taxes | $146,934 |
| Fees for services: Management | $136,755 |
| Fees for services: Legal | $15,133 |
| Fees for services: Accounting | $59,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,997 |
| Advertising and promotion | $7,653 |
| Office expenses | $82,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $566,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,133 |
| Insurance | $116,779 |
| All other expenses | $215,188 |
| Total functional expenses | $6,112,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,177,452 |
| Savings and temporary cash investments | $1,400,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,274,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,753,676 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,713 |
| Net Land, buildings, and equipment | $15,477,364 |
| Investments—publicly traded securities | $890,028 |
| Investments—other securities | $0 |
| Investments—program-related | $67,588,533 |
| Intangible assets | $120,468 |
| Other assets | $0 |
| Total assets | $116,799,191 |
| Accounts payable and accrued expenses | $530,734 |
| 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 | $12,654,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,788,235 |
| Total liabilities | $78,972,980 |
| Net assets without donor restrictions | $37,826,211 |
| 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 | $116,799,191 |