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Nonprofiteer
← SANTA BARBARA HOUSING ASSISTANCE CORPORATION

Form 990 for tax year 2024

Filed by SANTA BARBARA HOUSING ASSISTANCE CORPORATION.

Totals

Total revenue
$126,256
Total expenses
$7,940,655
Contributions and grants received
$0
Grants paid
$24,000
Program service revenue
$79,403
Investment income
$46,301
Other revenue
$552
Total assets, end of year
$2,829,695
Total liabilities, end of year
$1,407,327
Net assets or fund balances, end of year
$1,422,368
Program services expenses (Part IX)
$7,864,000
Management and general expenses
$76,655
Fundraising expenses
$0
Program service expenses (Part III)
$7,864,000

Program services were 99.0% 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 $79,403 · related or exempt $79,403

  • 3 · Investment income

    total $18,320 · excluded $18,320

  • 7a · Gross sales of assets other than inventory

    other assets $27,981

  • 7c · Gain or loss

    other assets $27,981

  • 7d · Net gain or loss

    total $27,981 · related or exempt $27,981

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

    total $552 · related or exempt $552

  • 11e · Other revenue, total

    $552

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,000 · program services $24,000

  • 7 · Other salaries and wages

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

  • 11c · Fees: accounting

    total $7,487 · management and general $7,487

  • 11g · Fees: other

    total $7,881,168 · program services $7,840,000 · management and general $41,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $864,289 · end of year $360,620

  • 7 · Other notes and loans receivable

    beginning of year $608,820 · end of year $609,620

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

    $1,447,525

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

    $37,788

  • 10c · Land, buildings and equipment, net

    beginning of year $7,842,510 · end of year $1,409,737

  • 15 · Other assets

    beginning of year -$78,752 · end of year $449,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $100 · end of year $100

  • 25 · Other liabilities

    end of year $1,407,227

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,236,767 · end of year $1,422,368

Mission and programs · 2024

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 $79,403

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

    Expenses $9,000 · Grants $9,000

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

    Expenses $7,840,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlo Sarmiento

    EXEC. DIRECT

    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

  • Timothy Mathis

    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
2024
Filed
10 August 2026
IRS schema version
2024v5.0
Source object
202612249349300146

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