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Nonprofiteer
← STEADFAST HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by STEADFAST HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,141,802
Total expenses
$5,038,633
Contributions and grants received
$4,624,395
Grants paid
$2,427,426
Program service revenue
$419,480
Investment income
$9,983
Other revenue
$87,944
Total assets, end of year
$4,845,424
Total liabilities, end of year
$276,779
Net assets or fund balances, end of year
$4,568,645
Program services expenses (Part IX)
$4,639,214
Management and general expenses
$399,419
Fundraising expenses
$0
Program service expenses (Part III)
$4,639,214

Program services were 92.1% 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.

  • 1e · Government grants (contributions)

    $4,624,395

  • 2a · Program service revenue: RENTAL INCOME

    total $419,480 · related or exempt $419,480

  • 3 · Investment income

    total $10,135 · excluded $10,135

  • 7b · Less cost or other basis and sales expenses

    other assets $152

  • 7c · Gain or loss

    other assets -$152

  • 7d · Net gain or loss

    total -$152 · excluded -$152

  • 11a · Other revenue: MANAGEMENT FEES

    total $87,944 · related or exempt $87,944

  • 11e · Other revenue, total

    $87,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,616 · program services $150,616

  • 2 · Grants to domestic individuals

    total $2,276,810 · program services $2,276,810

  • 5 · Compensation of officers, directors and key employees

    total $157,241 · program services $128,780 · management and general $28,461

  • 7 · Other salaries and wages

    total $1,151,795 · program services $943,320 · management and general $208,475

  • 9 · Other employee benefits

    total $347,104 · program services $284,278 · management and general $62,826

  • 10 · Payroll taxes

    total $114,430 · program services $93,718 · management and general $20,712

  • 11g · Fees: other

    total $141,311 · program services $115,734 · management and general $25,577

  • 12 · Advertising and promotion

    total $1,820 · program services $1,491 · management and general $329

  • 13 · Office expenses

    total $27,298 · program services $25,204 · management and general $2,094

  • 16 · Occupancy

    total $322,809 · program services $295,570 · management and general $27,239

  • 17 · Travel

    total $45,190 · program services $45,190

  • 22 · Depreciation, depletion and amortization

    total $73,335 · program services $60,061 · management and general $13,274

  • 23 · Insurance

    total $27,269 · program services $22,333 · management and general $4,936

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $129,697 · program services $129,697

  • 24b · Other expenses: DUES/SUBSCRIPTION/PERMI

    total $26,394 · program services $21,617 · management and general $4,777

  • 24c · Other expenses: EDUCATION & TRAINING

    total $3,971 · program services $3,252 · management and general $719

  • 24e · All other expenses

    total $41,543 · program services $41,543

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $570,987 · end of year $404,875

  • 3 · Pledges and grants receivable

    beginning of year $1,560,397 · end of year $1,735,125

  • 4 · Accounts receivable

    beginning of year $256,870 · end of year $246,960

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,093 · end of year $215,070

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

    $3,110,151

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

    $2,838,315

  • 10c · Land, buildings and equipment, net

    beginning of year $226,359 · end of year $271,836

  • 15 · Other assets

    beginning of year $1,912,702 · end of year $1,971,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $163,569 · end of year $131,740

  • 19 · Deferred revenue

    beginning of year $11,376 · end of year $46,915

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $51,467

  • 25 · Other liabilities

    beginning of year $44,987 · end of year $46,657

  • 27 · Net assets without donor restrictions

    beginning of year $4,465,476 · end of year $4,568,645

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND EMPLOYMENT OPPORTUNITIES TO PERSONS WITH SERIOUS AND PERSISTENT MENTAL ILLNESSES.

  • SUPPORTED HOUSING PROGRAM: PROVIDES ASSISTANCE IN FINDING HOUSING FOR MENTALLY DISABLED AND LOW INCOME PERSONS. APPROXIMATELY 250 CLIENTS WERE SERVED.

    Expenses $2,988,275

  • 8-16 HOUR GROUP HOME SERVICE PROGRAM: PROVIDES HOUSING, DAILY LIVING TRAINING AND SUPPORT FOR MENTALLY DISABLED AND LOW INCOME PERSONS. APPROXIMATELY 16 CLIENTS WERE SERVED.

    Expenses $409,976 · Grants $2,228,002 · Revenue $3,684

  • SEMI-INDEPENDENT LIVING PROGRAM: PROVIDES SEMI-INDEPENDENT GROUP LIVING AND SUPPORT SERVICES FOR CONSUMERS WHO REQUIRED MINIMAL SUPERVISION ON DAY TO DAY BASIS. APPROXIMATELY 93 CLIENTS WERE SERVED.

    Expenses $1,090,347 · Grants $48,808 · Revenue $176,931

  • PROVIDE OTHER HOUSING SERVICES, JOB TRAINING & EMPLOYMENT OPPORTUNITIES TO PERSONS WITH MENTAL ILLNESS.

    Revenue $326,809

  • PROVIDE GENERAL SUPPORT SERVICES FOR AFFILIATED 501(C)(3) ORGANIZATIONS.

    Expenses $150,616 · Grants $150,616

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

Listed in Part VII

  • COLETTE M SAKODA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • RYAN YAMANE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • PETER YANAGAWA

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • SUZANNE NJ CHUN-OAKLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • DR KEITH PEDRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • AUDREY AWAYA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • ANN KOBAYASHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • LINDA AHUE

    EXEC. DIR. & ASST. SECR.

    Total calculated
    $62,169
    From this org
    $56,199
    From related orgs
    $0
    Other
    $5,970
    Hours/week
    40 + 0.3 related

  • SHELLEY LAI

    CONTROLLER & ASST. TREAS.

    Total calculated
    $92,912
    From this org
    $80,080
    From related orgs
    $0
    Other
    $12,832
    Hours/week
    40 + 0.3 related

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

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.

  • SHDC NO 1 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 2 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 3 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 5 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 6 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 7 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 8 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 9 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 10 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 11 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

  • SHDC NO 12 INC

    501(C)(3) · LOW-INCOME HOUSING FOR SERIOUSLY MENTALLY ILL. · HI

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511329349306936

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