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Nonprofiteer
← SANTA BARBARA HOUSING ASSISTANCE CORPORATION

Form 990 for tax year 2023

Filed by SANTA BARBARA HOUSING ASSISTANCE CORPORATION.

Totals

Total revenue
$381,772
Total expenses
$89,412
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$232,763
Investment income
$12,336
Other revenue
$136,673
Total assets, end of year
$9,236,867
Total liabilities, end of year
$100
Net assets or fund balances, end of year
$9,236,767
Program services expenses (Part IX)
$49,287
Management and general expenses
$40,125
Fundraising expenses
$0
Program service expenses (Part III)
$49,287

Program services were 55.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $232,763 · related or exempt $232,763

  • 3 · Investment income

    total $12,336 · excluded $12,336

  • 11a · Other revenue: PTR/S CORP GROSS INCOME

    total $136,673 · related or exempt $136,673

  • 11e · Other revenue, total

    $136,673

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 7 · Other salaries and wages

    total $28,000 · management and general $28,000

  • 11c · Fees: accounting

    total $7,460 · management and general $7,460

  • 11g · Fees: other

    total $33,952 · program services $29,287 · management and general $4,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $759,062 · end of year $864,289

  • 7 · Other notes and loans receivable

    beginning of year $558,020 · end of year $608,820

  • 10a · Land, buildings and equipment: cost or other basis

    $7,854,510

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,000

  • 10c · Land, buildings and equipment, net

    beginning of year $7,842,510 · end of year $7,842,510

  • 15 · Other assets

    beginning of year -$215,085 · end of year -$78,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $100 · end of year $100

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,944,407 · end of year $9,236,767

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW & MODERATE INCOME FAMILIES

  • PROVIDE FINANCIAL SUPPORT TO LOCAL NON-PROFIT WHOSE MISSION IS HELP PROVIDE FOOD TO LOW INCOME FAMILIES.

    Expenses $15,000 · Grants $15,000 · Revenue $232,763

  • PROVIDE FINANCIAL SUPPORT TO LOCAL LEGAL-AID WHOSE MISSION IS SUPPORT INDIVUALS WHO CANNOT AFFORD LEGAL COUNCIL.

    Expenses $5,000 · Grants $5,000

  • TO PROVIDE AFFORDABLE HOUSING TO LOW & MODERATE INCOME FAMILIES

    Expenses $29,287

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARLO SARMIENTO

    DIRECTOR/PRE

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MATTHEW BENWITT

    DIRECTOR/TRE

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRIAN A ETZI

    DIRECTOR/SEC

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202530459349301033

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