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Nonprofiteer
← COMMUNITY ECONOMICS INC

Form 990 for tax year 2022

Filed by COMMUNITY ECONOMICS INC.

Totals

Total revenue
$1,318,392
Total expenses
$1,684,034
Contributions and grants received
$0
Grants paid
$166,500
Program service revenue
$1,302,672
Investment income
$15,720
Other revenue
$0
Total assets, end of year
$2,428,483
Total liabilities, end of year
$1,035,469
Net assets or fund balances, end of year
$1,393,014
Program services expenses (Part IX)
$1,456,403
Management and general expenses
$227,631
Fundraising expenses
$0
Program service expenses (Part III)
$1,456,403

Program services were 86.5% 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: CONSULTING FEES

    total $1,302,672 · related or exempt $1,302,672

  • 3 · Investment income

    total $24,987 · excluded $24,987

  • 7a · Gross sales of assets other than inventory

    securities $203,972

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

    securities $213,239

  • 7c · Gain or loss

    securities -$9,267

  • 7d · Net gain or loss

    total -$9,267 · excluded -$9,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,500 · program services $166,500

  • 5 · Compensation of officers, directors and key employees

    total $751,212 · program services $638,529 · management and general $112,683

  • 7 · Other salaries and wages

    total $387,285 · program services $329,192 · management and general $58,093

  • 8 · Pension plan contributions

    total $61,369 · program services $52,164 · management and general $9,205

  • 9 · Other employee benefits

    total $34,372 · program services $29,216 · management and general $5,156

  • 10 · Payroll taxes

    total $66,036 · program services $56,131 · management and general $9,905

  • 11g · Fees: other

    total $61,266 · program services $52,076 · management and general $9,190

  • 12 · Advertising and promotion

    total $10,219 · program services $8,686 · management and general $1,533

  • 16 · Occupancy

    total $78,062 · program services $66,353 · management and general $11,709

  • 17 · Travel

    total $1,127 · program services $958 · management and general $169

  • 22 · Depreciation, depletion and amortization

    total $2,211 · program services $1,879 · management and general $332

  • 23 · Insurance

    total $11,882 · program services $10,100 · management and general $1,782

  • 24a · Other expenses: UTILITIES

    total $11,569 · program services $9,834 · management and general $1,735

  • 24b · Other expenses: TELEPHONE

    total $11,432 · program services $9,718 · management and general $1,714

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,658 · program services $9,059 · management and general $1,599

  • 24d · Other expenses: SPECIAL PROJECTS - CARP

    total $7,645 · program services $6,498 · management and general $1,147

  • 24e · All other expenses

    total $11,189 · program services $9,510 · management and general $1,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,741 · end of year $194,108

  • 2 · Savings and temporary cash investments

    beginning of year $733,215 · end of year $714,398

  • 4 · Accounts receivable

    beginning of year $321,229 · end of year $160,528

  • 7 · Other notes and loans receivable

    beginning of year $300,000 · end of year $300,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,497 · end of year $31,022

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

    $18,043

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

    $13,046

  • 10c · Land, buildings and equipment, net

    beginning of year $3,104 · end of year $4,997

  • 11 · Investments: publicly traded securities

    beginning of year $1,186,588 · end of year $1,023,430

  • 12 · Investments: other securities

    beginning of year $20,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,125 · end of year $93,119

  • 19 · Deferred revenue

    beginning of year $702,814 · end of year $942,350

  • 27 · Net assets without donor restrictions

    beginning of year $1,964,435 · end of year $1,393,014

Mission and programs · 2022

Mission

COMMUNITY ECONOMICS, INC.'S MISSION IS TO INCREASE THE SUPPLY OF PERMANENTLY AFFORDABLE HOUSING SERVING THE LOWEST INCOME HOUSEHOLDS. CEI WILL UNDERTAKE THIS MISSION THROUGH (1) THE PROVISION OF TECHNICAL ASSISTANCE IN THE DEVELOPMENT AND FINANCING OF PERMANENTLY AFFORDABLE HOUSING TO NONPROFIT DEVELOPERS, PUBLIC AGENCIES, AND TENANT ORGANIZATIONS; AND (2) EDUCATION, RESEARCH, AND POLICY DEVELOPMENT WITH HOUSING ADVOCATES, PUBLIC POLICY MAKERS, AND THE LENDING AND INVESTMENT COMMUNITY.

Activities or mission (Part I)

THE CORPORATION'S EXEMPT FUNCTION & PURPOSE IS TO PROVIDE TECHNICAL ASSISTANCE TO HOUSING RELATED NON-PROFIT ORGANIZATIONS IN DEVELOPING, MAINTAINING, AND MANAGING OF LOW-INCOME HOUSING.

  • TECHNICAL ASSISTANCE IS PROVIDED TO NON-PROFIT COMMUNITY-BASED ORGANIZATIONS AND PUBLIC AGENCIES IN THE AREAS OF: DEVELOPMENT, MAINTENANCE, AND MANAGEMENT OF LOW-INCOME HOUSING INCLUDING SUBSIDIZED HOUSING; COMMUNITY-BASED REAL ESTATE DEVELOPMENT; AND COMMUNITY-BASED ECONOMIC DEVELOPMENT. PUBLICATIONS SUCH AS FEASIBILITY STUDIES AND MANUAL ARE WRITTEN AND DISTRIBUTED AT COST.

    Expenses $1,456,403 · Grants $166,500 · Revenue $1,302,672

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Rawson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lynette Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dena Belzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roy Linton Schweyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gisela Salgado

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Steven Shum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Irma Poe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elissa Dennis

    EXECUTIVE DIRECTOR

    Total calculated
    $288,951
    From this org
    $251,262
    From related orgs
    $0
    Other
    $37,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,262
    Bonus
    $0
    Other
    $0
    Deferred
    $37,689
    Nontaxable benefits
    $0
    Filer's total
    $288,951

  • Diana Downton

    SR AFFORDABLE HSG FINANCE CONSULTANT

    Total calculated
    $231,677
    From this org
    $201,458
    From related orgs
    $0
    Other
    $30,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,458
    Bonus
    $0
    Other
    $0
    Deferred
    $30,219
    Nontaxable benefits
    $0
    Filer's total
    $231,677

  • Lisa Motoyama

    SR AFFORDABLE HSG FINANCE CONSULTANT

    Total calculated
    $230,584
    From this org
    $200,508
    From related orgs
    $0
    Other
    $30,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,508
    Bonus
    $0
    Other
    $0
    Deferred
    $30,076
    Nontaxable benefits
    $0
    Filer's total
    $230,584

  • Linda Rivers

    OFFICE MANAGER

    Total calculated
    $176,490
    From this org
    $153,470
    From related orgs
    $0
    Other
    $23,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,470
    Bonus
    $0
    Other
    $0
    Deferred
    $23,020
    Nontaxable benefits
    $0
    Filer's total
    $176,490

  • Zohreh Khodabandelu

    SR AFFORDABLE HSG FINANCE CONSULTANT

    Total calculated
    $115,996
    From this org
    $100,866
    From related orgs
    $0
    Other
    $15,130
    Hours/week
    40

  • Andrew Matsas

    AFFORDABLE HSG FINANCE CONSULTANT

    Total calculated
    $137,210
    From this org
    $119,313
    From related orgs
    $0
    Other
    $17,897
    Hours/week
    40

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 · Independent compensation consultant
  • 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

  • NON-PROFIT HOUSING ASSOCIATION OF NORTHERN CALIFORNIA

    $25,000

    TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS.

  • CALIFORNIA COALITION FOR RURAL HOUSING

    $19,000

    TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS.

  • HOUSING CALIFORNIA

    $18,000

    TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS.

  • COMMITTEE FOR AN AFFORDABLE & RESILENT BERKELEY

    $7,000

    TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS.

  • OAKLAND NEIGHBORHOOD HSG & SAFE STREET

    $7,000

    TO SPONSOR ANNUAL EVENTS/CONFERENCE AND PROGRAMS THAT PROMOTE AFFORDABLE HOUSINGS.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323119349304607

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