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Nonprofiteer
← SANTA BARBARA HOUSING ASSISTANCE CORPORATION

Form 990 for tax year 2022

Filed by SANTA BARBARA HOUSING ASSISTANCE CORPORATION.

Totals

Total revenue
$320,260
Total expenses
$96,413
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$194,549
Investment income
$125,675
Other revenue
$36
Total assets, end of year
$8,944,507
Total liabilities, end of year
$100
Net assets or fund balances, end of year
$8,944,407
Program services expenses (Part IX)
$20,000
Management and general expenses
$76,413
Fundraising expenses
$0
Program service expenses (Part III)
$20,000

Program services were 20.7% 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: DEVELOPMENT FEE

    total $102,358 · related or exempt $102,358

  • 2b · Program service revenue: PROGRAM SERVICE REVENUE

    total $92,191 · related or exempt $92,191

  • 3 · Investment income

    total $125,675 · excluded $125,675

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $36 · related or exempt $36

  • 11e · Other revenue, total

    $36

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 7 · Other salaries and wages

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

  • 11c · Fees: accounting

    total $11,068 · management and general $11,068

  • 11g · Fees: other

    total $37,345 · management and general $37,345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $450,566 · end of year $759,062

  • 7 · Other notes and loans receivable

    beginning of year $557,220 · end of year $558,020

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

    $7,880,298

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

    $37,788

  • 10c · Land, buildings and equipment, net

    beginning of year $7,842,510 · end of year $7,842,510

  • 15 · Other assets

    beginning of year -$129,635 · end of year -$215,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $101 · end of year $100

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,720,560 · end of year $8,944,407

Mission and programs · 2022

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 $194,549

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

    Expenses $5,000 · Grants $5,000

As filed on the 2022 return.

Listed in Part VII

  • Carlo Sarmiento

    DIRECTOR/SEC

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • 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
2022
Filed
23 July 2023
IRS schema version
2022v5.0
Source object
202402069349300935

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