Totals
- Total revenue
- $63,666,243
- Total expenses
- $45,458,373
- Contributions and grants received
- $20,868,974
- Grants paid
- $23,368,777
- Program service revenue
- $38,864,143
- Investment income
- $3,933,126
- Other revenue
- $0
- Total assets, end of year
- $616,634,429
- Total liabilities, end of year
- $309,937,272
- Net assets or fund balances, end of year
- $306,697,157
- Program services expenses (Part IX)
- $43,917,651
- Management and general expenses
- $1,540,722
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $43,917,651
Program services were 96.6% 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.
-
1e · Government grants (contributions)
$20,868,974
-
2a · Program service revenue: INCOME FROM NOTES RECEIVABLE
total $38,218,679 · related or exempt $38,218,679
-
2b · Program service revenue: CONTINGENT ASSET INCOME
total $431,252 · related or exempt $431,252
-
2c · Program service revenue: RENTAL PROPERTY INCOME
total $169,120 · related or exempt $169,120
-
2f · All other program service revenue
total $45,092 · related or exempt $45,092
-
3 · Investment income
total $3,933,126 · excluded $3,933,126
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $23,368,777 · program services $23,368,777
-
5 · Compensation of officers, directors and key employees
total $2,479,293 · program services $2,479,293
-
7 · Other salaries and wages
total $3,615,549 · program services $3,615,549
-
8 · Pension plan contributions
total $977,627 · program services $977,627
-
10 · Payroll taxes
total $882,498 · program services $882,498
-
11b · Fees: legal
total $42,333 · management and general $42,333
-
11c · Fees: accounting
total $94,000 · management and general $94,000
-
11f · Fees: investment management
total $141,966 · management and general $141,966
-
11g · Fees: other
total $241,621 · management and general $241,621
-
12 · Advertising and promotion
total $200,416 · management and general $200,416
-
13 · Office expenses
total $776,369 · management and general $776,369
-
16 · Occupancy
total $2,714 · management and general $2,714
-
19 · Conferences, conventions and meetings
total $41,303 · management and general $41,303
-
20 · Interest
total $11,550,111 · program services $11,550,111
-
22 · Depreciation, depletion and amortization
total $531,532 · program services $531,532
-
23 · Insurance
total $200,228 · program services $200,228
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $187,880 · program services $187,880
-
24b · Other expenses: RESERVE FOR LOAN LOSSES
total $46,601 · program services $46,601
-
24c · Other expenses: TAXES
total $41,210 · program services $41,210
-
24e · All other expenses
total $36,345 · program services $36,345
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $26,529,749 · end of year $4,311,497
-
4 · Accounts receivable
beginning of year $1,201,250 · end of year $1,510,356
-
7 · Other notes and loans receivable
beginning of year $415,918,446 · end of year $413,501,455
-
9 · Prepaid expenses and deferred charges
beginning of year $98,104 · end of year $110,998
-
10a · Land, buildings and equipment: cost or other basis
$8,324,221
-
10b · Land, buildings and equipment: accumulated depreciation
$1,916,094
-
10c · Land, buildings and equipment, net
beginning of year $6,462,874 · end of year $6,408,127
-
11 · Investments: publicly traded securities
beginning of year $143,582,051 · end of year $176,347,325
-
15 · Other assets
beginning of year $15,111,822 · end of year $14,444,671
-
17 · Accounts payable and accrued expenses
beginning of year $7,392,507 · end of year $7,896,624
-
23 · Secured mortgages and notes payable
beginning of year $65,779,125 · end of year $51,200,000
-
24 · Unsecured notes and loans payable
beginning of year $248,382,473 · end of year $245,225,979
-
25 · Other liabilities
beginning of year $5,311,286 · end of year $5,614,669
-
27 · Net assets without donor restrictions
beginning of year $249,321,313 · end of year $279,431,092
-
28 · Net assets with donor restrictions
beginning of year $32,717,592 · end of year $27,266,065
Mission and programs · 2023
Mission
CENTURY HOUSING INVESTS IN HOMES FOR LOW INCOME INDIVIDUALS AND FAMILIES, INCLUDING VETERANS AND THE HOMELESS SO THEY MAY HAVE A DIGNIFIED LIVING ENVIRONMENT AND ACHIEVE ECONOMIC INDEPENDENCE.
-
AFFORDABLE RENTAL HOUSING PROPERTY EXPENSES:CENTURY HOUSING OWNS AND MANAGES HOUSING UNITS FOR THE BENEFIT OF LOW-TO-MODERATE INCOME HOUSEHOLDS. RENTAL RATES ARE BASED ON INCOME.LENDING EXPENSES: CENTURY PROVIDES LENDING PRODUCTS FOR ACQUISITION AND REHABILITATION, NEW CONSTRUCTION AND PERMANENT FINANCING OF AFFORDABLE HOUSING THROUGHOUT THE STATE OF CALIFORNIA, BUT PRIMARILY IN SOUTHERN CALIFORNIA.
Expenses $43,917,651 · Grants $23,368,777 · Revenue $63,666,243
As filed on the 2023 return.
Listed in Part VII
-
Carrie HawkinsCARRIE HAWKINS
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,237
- From related orgs
- $0
- Other
- $363
- Hours/week
- 1
-
Daniel LopezDANIEL LOPEZ
DIRECTOR
- Total calculated
- $17,600
- From this org
- $16,976
- From related orgs
- $0
- Other
- $624
- Hours/week
- 1
-
Darroch F YoungDARROCH F YOUNG
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Louise OliverLOUISE OLIVER
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,237
- From related orgs
- $0
- Other
- $363
- Hours/week
- 1
-
Yvonne BurkeYVONNE BURKE
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kristina OlsonKRISTINA OLSON
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Steven R LewisSTEVEN R LEWIS
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Christopher CameronCHRISTOPHER CAMERON
DIRECTOR
- Total calculated
- $17,600
- From this org
- $17,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ronald GriffithRONALD GRIFFITH
PRESIDENT & CEO
- Total calculated
- $590,972
- From this org
- $521,853
- From related orgs
- $0
- Other
- $69,119
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $387,985
- Bonus
- $94,997
- Other
- $38,871
- Deferred
- $32,082
- Nontaxable benefits
- $37,037
- Filer's total
- $590,972
-
Alan R HoffmanALAN R HOFFMAN
SVP & CHIEF FINANCIAL OFFI
- Total calculated
- $512,254
- From this org
- $449,974
- From related orgs
- $0
- Other
- $62,280
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $346,481
- Bonus
- $80,607
- Other
- $22,886
- Deferred
- $25,258
- Nontaxable benefits
- $37,022
- Filer's total
- $512,254
-
Beulah KuBEULAH KU
VICE PRESIDENT, CLIENT REL
- Total calculated
- $223,781
- From this org
- $200,970
- From related orgs
- $0
- Other
- $22,811
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $158,016
- Bonus
- $30,952
- Other
- $12,002
- Deferred
- $15,694
- Nontaxable benefits
- $7,117
- Filer's total
- $223,781
-
Joshua David HamiltonJOSHUA DAVID HAMILTON
SENIOR VICE PRESIDENT, LEN
- Total calculated
- $456,769
- From this org
- $397,219
- From related orgs
- $0
- Other
- $59,550
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,440
- Bonus
- $77,969
- Other
- $810
- Deferred
- $28,413
- Nontaxable benefits
- $31,137
- Filer's total
- $456,769
-
Brian Nicholas DandreaBRIAN NICHOLAS DANDREA
SENIOR VICE PRESIDENT, HOU
- Total calculated
- $460,780
- From this org
- $397,219
- From related orgs
- $0
- Other
- $63,561
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $318,440
- Bonus
- $77,969
- Other
- $810
- Deferred
- $28,392
- Nontaxable benefits
- $35,169
- Filer's total
- $460,780
-
Rosa MenartROSA MENART
SENIOR VICE PRESIDENT, FIN
- Total calculated
- $431,114
- From this org
- $372,608
- From related orgs
- $0
- Other
- $58,506
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $296,677
- Bonus
- $68,149
- Other
- $7,782
- Deferred
- $27,662
- Nontaxable benefits
- $30,844
- Filer's total
- $431,114
-
Karen Bennett-GreenKAREN BENNETT-GREEN
VICE PRESIDENT, LOAN ADMIN
- Total calculated
- $261,429
- From this org
- $217,195
- From related orgs
- $0
- Other
- $44,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,859
- Bonus
- $31,920
- Other
- $7,416
- Deferred
- $16,782
- Nontaxable benefits
- $27,452
- Filer's total
- $261,429
-
Nicholas G FriendNICHOLAS G FRIEND
VICE PRESIDENT, LENDING
- Total calculated
- $339,982
- From this org
- $289,243
- From related orgs
- $0
- Other
- $50,739
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,395
- Bonus
- $36,954
- Other
- $26,894
- Deferred
- $22,919
- Nontaxable benefits
- $27,820
- Filer's total
- $339,982
-
Fern HendricksonFERN HENDRICKSON
VICE PRESIDENT, HUMAN RESO
- Total calculated
- $299,738
- From this org
- $244,050
- From related orgs
- $0
- Other
- $55,688
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $197,875
- Bonus
- $38,759
- Other
- $7,416
- Deferred
- $18,931
- Nontaxable benefits
- $36,757
- Filer's total
- $299,738
-
Tracy PowellTRACY POWELL
VICE PRESIDENT, CONSTRUCTION LENDING
- Total calculated
- $255,864
- From this org
- $210,886
- From related orgs
- $0
- Other
- $44,978
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,103
- Bonus
- $33,711
- Other
- $5,072
- Deferred
- $16,859
- Nontaxable benefits
- $28,119
- Filer's total
- $255,864
-
Mabel HernandezMABEL HERNANDEZ
ASSISTANT VICE PRESIDENT,
- Total calculated
- $229,135
- From this org
- $184,770
- From related orgs
- $0
- Other
- $44,365
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $155,857
- Bonus
- $28,499
- Other
- $414
- Deferred
- $14,749
- Nontaxable benefits
- $29,616
- Filer's total
- $229,135
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
TO SUPPORT THE ORGANIZATION'S MISSION
-
EVENT DONATION
-
EVENT DONATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CENTURY VILLAGES AT CABRILLO INC
501(C)(3) · TO PROVIDE LOW-INCOME HOUSING AND RELATED SOCIAL SUPPORTIVE SERVICES · CA · controlled entity
-
CENTURY AFFORDABLE DEVELOPMENT INC
501(C)(3) · TO HOLD CENTURY-FINANCED PROPERTIES OR TITLES TO DEVELOPMENT PROPERTIES · CA · controlled entity
-
501(C)(3) · PROMOTE SOCIAL WELFARE · CA · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CENTURY COMMUNITY LENDING COMPANY LLC
PROVIDES LENDING PRODUCTS TO FINANCE WORKFORCE HOUSING · CA
Directly controlled by CENTURY HOUSING CORPORATION
-
CENTURY CALIFORNIA FUND LLC
TO PROVIDE LENDING PRODUCTS TO FINANCE LOW-INCOME HOUSING · CA · income $348,194 · assets $1,274,660
Directly controlled by CENTURY HOUSING CORPORATION
-
CENTURY METROPOLITAN FUND LLC
TO PROVIDE LENDING PRODUCTS TO FINANCE LOW-INCOME HOUSING · CA · income $0 · assets $30,325
Directly controlled by CENTURY HOUSING CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
12010 SOUTH VERMONT LLC
RELATED · TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY AT 12010 S VERMONT AVE,LOS ANGELES · CA · 1% owned · share of assets $207,390
Directly controlled by CENTURY AFFORDABLE DEVELOPMENT INC
-
ACADEMY HALL LP
TO ACQUIRE AND REHABILITATE THE ACADEMY HALL APARTMENTS · CA
-
ANCHOR PLACE LP
TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY IN LONG BEACH, CALIFORNIA · CA
-
BEACON PLACE LP
TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA
-
BEACON POINTE LP
TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA
-
CABRILLO GATEWAY LP
TO DEVELOP 80 APARTMENTS (PHASE IV) AT THE LONG BEACH CAMPUS · CA
-
CASA DE CABRILLO LP
TO DEVELOP PROPERTY IN LONG BEACH, CALIFORNIA · CA
-
CASA RITA LP
TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA
-
CENTURY ARROWHEAD VISTA LP
TO OWN A 40 UNIT APARTMENT COMPLEX LOCATED IN SAN BERNARDINO, CALIFORNIA · CA
-
CENTURY BEACHWOOD APARTMENTS 2 LP
TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA
-
FLORENCE MOREHOUSE LP
TO DEVELOP A PORTION OF PROPERTY LOCATED IN LOS ANGELES, CALIFORNIA · CA
-
LONG BEACH SAVANNAH HOUSING LP
TO DEVELOP PROPERTY IN LONG BEACH, CALIFORNIA · CA
-
OSP HARBOR CONNECTION LLC
TO OWN AND MANAGE AN AFFORDABLE APARTMENT COMMUNITY LOCATED IN SAN PEDRO · CA
-
THE FAMILY COMMONS AT CABRILLO LP
TO DEVELOP PROPERTY IN LONG BEACH, CALIFORNIA · CA
-
WEST LA VETERANS COLLECTIVE LLC
CREATING A SUPPORTIVE HOUSING COMMUNITY FOR HOMELESS AND VETERANS IN WEST LA · CA
-
WOODBRIDGE APARTMENTS
TO ACQUIRE A PROPERTY INTEREST LOCATED IN LONG BEACH, CA · CA
-
PLAZA DE CABRILLO LP
TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA
-
CENTURY CITYVIEW LP
TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA
-
THE BANNING LP
TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA
-
CENTURY WLAVA 2 LP
RELATED · TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA · 99.99% owned · share of assets $500,011
Directly controlled by CENTURY AFFORDABLE DEVELOPMENT INC
-
THE COVE LP
TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA
-
CENTURY WLAVA 1 LP
RELATED · TO ACQUIRE A LOW INCOME HOUSING COMMUNITY · CA · 0% owned · share of assets $14
Directly controlled by WEST LA VETERANS COLLECTIVE LLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349308528
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