Totals
- Total revenue
- $9,965,564
- Total expenses
- $9,791,264
- Contributions and grants received
- $2,044,958
- Grants paid
- $2,457
- Program service revenue
- $7,794,278
- Investment income
- $109,333
- Other revenue
- $16,995
- Total assets, end of year
- $48,815,086
- Total liabilities, end of year
- $80,167,869
- Net assets or fund balances, end of year
- -$31,352,783
- Program services expenses (Part IX)
- $9,588,248
- Management and general expenses
- $165,835
- Fundraising expenses
- $37,181
- Program service expenses (Part III)
- $9,588,248
Program services were 97.9% 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)
$2,000,000
-
1f · All other contributions, gifts and grants
$44,958
-
2a · Program service revenue: Child Care
total $3,407,829 · related or exempt $3,407,829
-
2b · Program service revenue: Rental and Related Income
total $4,386,449 · related or exempt $4,386,449
-
3 · Investment income
total $109,333 · excluded $109,333
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Activity Center User Fees
total $245 · related or exempt $245
-
11b · Other revenue: Developer Fee
total $10,000 · related or exempt $10,000
-
11c · Other revenue: Keeler Elliott Ground Lease
total $6,750 · related or exempt $6,750
-
11e · Other revenue, total
$16,995
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,457 · program services $2,457
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $299,117 · program services $261,519 · management and general $37,598
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,243,881 · program services $2,157,396 · management and general $49,304 · fundraising $37,181
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $613,748 · program services $598,719 · management and general $15,029
-
10 · Payroll taxes
total $76,104 · program services $68,477 · management and general $7,627
-
11a · Fees: management
total $555,592 · program services $555,592
-
11b · Fees: legal
total $22,702 · program services $22,702
-
11c · Fees: accounting
total $47,475 · program services $35,606 · management and general $11,869
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $19,560 · program services $14,670 · management and general $4,890
-
12 · Advertising and promotion
total $7,806 · program services $7,806
-
13 · Office expenses
total $96,353 · program services $92,609 · management and general $3,744
-
14 · Information technology
total $45,184 · program services $33,888 · management and general $11,296
-
15 · Royalties
total $0
-
16 · Occupancy
total $69,020 · program services $69,020
-
17 · Travel
total $34,551 · program services $32,271 · management and general $2,280
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $14,790 · program services $14,248 · management and general $542
-
20 · Interest
total $1,353,827 · program services $1,353,827
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,508,155 · program services $1,508,155
-
23 · Insurance
total $289,701 · program services $288,018 · management and general $1,683
-
24a · Other expenses: REPAIR AND MAINTENANCE
total $923,891 · program services $923,891
-
24b · Other expenses: UTILITIES
total $325,793 · program services $325,793
-
24c · Other expenses: JANITORIAL
total $261,808 · program services $261,808
-
24d · Other expenses: PROGRAM EXPENSES
total $192,251 · program services $192,251
-
24e · All other expenses
total $787,498 · program services $767,525 · management and general $19,973
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,672,806 · end of year $1,993,054
-
2 · Savings and temporary cash investments
beginning of year $4,398,761 · end of year $6,879,707
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $232,282 · end of year $290,884
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $54,869 · end of year $9,410
-
10a · Land, buildings and equipment: cost or other basis
$61,989,906
-
10b · Land, buildings and equipment: accumulated depreciation
$22,347,875
-
10c · Land, buildings and equipment, net
beginning of year $40,523,591 · end of year $39,642,031
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $432,603 · end of year $353,163
-
19 · Deferred revenue
beginning of year $6,186 · end of year $2,140
-
23 · Secured mortgages and notes payable
beginning of year $59,102,738 · end of year $59,577,211
-
25 · Other liabilities
beginning of year $18,867,865 · end of year $20,235,355
-
27 · Net assets without donor restrictions
beginning of year -$31,637,622 · end of year -$33,329,873
-
28 · Net assets with donor restrictions
beginning of year $110,539 · end of year $1,977,090
Mission and programs · 2023
Mission
THE MISSION OF BURBANK HOUSING CORPORATION IS 1 TO DEVELOP, UPGRADE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER AND MODERATE INCOME HOUSEHOLDS IN BURBANK, AND 2 TO PROVIDE SERVICES THAT WILL ENRICH THE QUALITY OF LIFE OF THE RESIDENTS IN OUR COMMUNITIES.
Activities or mission (Part I)
TO DEVELOP, IMPROVE AND PRESERVE HOUSING FOR LOW AND MODERATE INCOME PERSONS IN THE CITY OF BURBANK, CA, THROUGH ACQUISITION, REHABILITATION, DEMOLITION, NEW CONSTRUCTION, PROPERTY MANAGEMENT SERVICES AND OTHER ACTIVITIES ASSOCIATED WITH SUCH PURPOSE AND TO PROVIDE COMMUNITY AND FAMILY SUPPORT SERVICES TO RESIDENTS OF THE CITY OF BURBANK, CA THAT INCLUDES SUCH PERSONLS OF LOW AND MODERATE INCOME, AND THAT INCLUDES BUT IS NOT LIMITED TO COMMUNITY SERVICE PROGRAMS AS THE OPERATION OF ACTIVITY, FAMILY RESOURCES AND CHILD CARE CENTERS. THE CORPORATION'S CHILD CARE CENTER PROGRAMS SHALL ALSO BE MADE AVAILABLE SECONDARILY TO PERSONS AND THEIR IMMEDIATE FAMILY MEMBERS WHO ARE EMPLOYED IN THE CITY OF BURBANK, CA.
-
THE ORGANIZATION TRANSFORMS POORLY MAINTAINED BUILDINGS TO SAFE, ATTRACTIVE AND AFFORDABLE HOUSING AND WORKS WITH THE CITY TO ACQUIRE THESE PROPERTIES. THE PROGRAM OFFERS AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOME.
Expenses $6,032,994 · Revenue $4,386,449
-
THE ORGANIZATION OPERATES TWO CHILD CARE CENTERS TO PROVIDE CHILD CARE SERVICES TO ITS TENANTS. THE CHILD CARE CENTERS PROVIDE 180 SPACES OF CHILD CARE FOR CHILDREN BETWEEN THE AGES OF 6 WEEKS TO 5 YEARS AND FOCUS ON PROVIDING AN EARLY FOUNDATIONS CURRICULUM AND PURPOSEFUL PLAY TO CULTIVATE VALUABLE LEARNING SKILLS. TWENTY PERCENT OF THE SPACES AT THE ORGANIZATION'S CHILD CARE CENTERS ARE RESERVED AT DISCOUNTED TUITION RATES FOR LOWER-INCOME FAMILIES THAT QUALIFY.
Expenses $3,195,847 · Revenue $3,407,829
-
THE ORGANIZATION HAS PARTNERED WITH THE BOYS AND GIRLS CLUB B&GC OF BURBANK AND GREATER EAST VALLEY TO PROVIDE A FREE AFTER-SCHOOL PROGRAM INCLUDING TRANSPORATION AND A LOW FEE SUMMER PROGRAM FOR THE CHILDREN IN BHC PROPERTIES. THE B&GC PROGRAMS PROVIDE HOMEWORK HELP, CREATIVE ARTS, AND ENRICHMENT PROGRAMS FOR CHILDREN AGES 6-14 YEARS OLD, BHC HAS ALSO PARTNERED WITH PROVIDENCE COMMUNITY HEALTH TO OFFER FREE HEATH AND WELLNESS SERVICES TO BHC RESIDENTS AND SURROUNDING NEIGHBORHOODS. IN ADDITION, BHC HAS PARTNERED WITH HOME AGAIN LOS ANGESLES FORMERLY FAMILY PROMISE SPONSORED BY THE CITY OF BURBANK TO PROVIDE EDUCATIONAL CLASSES FOR RESIDENTS SUCH AS MONEY MANAGEMENT, ESL CLASSES, AND IMMIGRATION WORKSHOPS. BHC HOSTS EVENTS FOR OUR RESIDENTS IN THE ACTITY CENTERS INCLUDING HOLIDAY AND RESIDENT GET-TOGETHERS.
Expenses $359,407 · Grants $9,639
As filed on the 2023 return.
Listed in Part VII
-
Sylvia MorenoSYLVIA MORENO
Executive Dir.
- Total calculated
- $157,658
- From this org
- $157,658
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,658
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $157,658
-
Raha ArnoldRAHA ARNOLD
Director
- Total calculated
- $141,459
- From this org
- $141,459
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Chris WelkerCHRIS WELKER
President
- Total calculated
- $0
- Hours/week
- 4
-
Alisa CunninghamALISA CUNNINGHAM
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Ruth Martinez-BaenenRUTH MARTINEZ-BAENEN
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Victor GeorginoVICTOR GEORGINO
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ernest BurgerERNEST BURGER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn EnglishCAROLYN ENGLISH
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer DunnJENNIFER DUNN
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brock CollinsBROCK COLLINS
Director
- Total calculated
- $0
- Hours/week
- 3
-
Camille BrownCAMILLE BROWN
Director
- Total calculated
- $0
- Hours/week
- 2
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
None.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349314625
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