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Nonprofiteer
← SANTA BARBARA AFFORDABLE HOUSING GROUP

Form 990 for tax year 2023

Filed by SANTA BARBARA AFFORDABLE HOUSING GROUP.

Totals

Total revenue
$11,690,816
Total expenses
$13,080,957
Contributions and grants received
$323,642
Grants paid
$0
Program service revenue
$10,980,024
Investment income
$256,008
Other revenue
$131,142
Total assets, end of year
$106,170,203
Total liabilities, end of year
$116,911,422
Net assets or fund balances, end of year
-$10,741,219
Program services expenses (Part IX)
$11,577,628
Management and general expenses
$1,503,329
Fundraising expenses
$0
Program service expenses (Part III)
$11,577,628

Program services were 88.5% 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.

  • 1e · Government grants (contributions)

    $323,642

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $10,411,758 · related or exempt $10,411,758

  • 2b · Program service revenue: TENANT SERVICES

    total $568,266 · related or exempt $568,266

  • 3 · Investment income

    total $256,008 · excluded $256,008

  • 11a · Other revenue: MISC INCOME

    total $131,142 · related or exempt $131,142

  • 11e · Other revenue, total

    $131,142

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,858,664 · program services $1,579,864 · management and general $278,800

  • 9 · Other employee benefits

    total $414,120 · program services $352,002 · management and general $62,118

  • 10 · Payroll taxes

    total $73,723 · program services $62,665 · management and general $11,058

  • 11a · Fees: management

    total $420,703 · program services $357,598 · management and general $63,105

  • 11b · Fees: legal

    total $25,759 · program services $21,895 · management and general $3,864

  • 11c · Fees: accounting

    total $9,700 · program services $8,245 · management and general $1,455

  • 11g · Fees: other

    total $180 · program services $153 · management and general $27

  • 12 · Advertising and promotion

    total $10,190 · program services $8,661 · management and general $1,529

  • 13 · Office expenses

    total $165,927 · program services $141,038 · management and general $24,889

  • 17 · Travel

    total $15,133 · program services $12,863 · management and general $2,270

  • 20 · Interest

    total $3,354,470 · program services $2,851,299 · management and general $503,171

  • 22 · Depreciation, depletion and amortization

    total $2,587,855 · program services $2,199,677 · management and general $388,178

  • 23 · Insurance

    total $297,119 · program services $252,551 · management and general $44,568

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $2,080,931 · program services $2,080,931

  • 24b · Other expenses: UTILITIES

    total $874,526 · program services $874,526

  • 24c · Other expenses: OTHER TENANT SERVICES

    total $355,124 · program services $355,124

  • 24d · Other expenses: MAINTENANCE MATERIALS

    total $223,783 · program services $223,783

  • 24e · All other expenses

    total $313,050 · program services $194,753 · management and general $118,297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367 · end of year $516

  • 2 · Savings and temporary cash investments

    beginning of year $2,606,847 · end of year $1,404,565

  • 4 · Accounts receivable

    beginning of year $76,330 · end of year $165,008

  • 7 · Other notes and loans receivable

    beginning of year $3,297 · end of year $5,220

  • 8 · Inventories for sale or use

    beginning of year $7,808

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,436 · end of year $58,201

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

    $120,560,380

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

    $21,974,052

  • 10c · Land, buildings and equipment, net

    beginning of year $101,110,454 · end of year $98,586,328

  • 12 · Investments: other securities

    beginning of year $3,657,142 · end of year $5,904,325

  • 15 · Other assets

    beginning of year $51,071 · end of year $46,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $487,721 · end of year $287,359

  • 19 · Deferred revenue

    beginning of year $143,464 · end of year $143,873

  • 23 · Secured mortgages and notes payable

    beginning of year $114,577,342 · end of year $114,842,709

  • 25 · Other liabilities

    beginning of year $1,706,303 · end of year $1,637,481

  • 27 · Net assets without donor restrictions

    beginning of year -$12,531,345 · end of year -$14,195,994

  • 28 · Net assets with donor restrictions

    beginning of year $3,180,267 · end of year $3,454,775

Mission and programs · 2023

Mission

MANAGE AND DEVELOP SUSTAINABLE HOUSING FOR THE POOR, DISTRESSED, AND UNDERPRIVELEDGED AND RELIEVE THE BURDENS OF GOVERNMENT BY ADDRESSING ONGOING AFFORDABLE HOUSING SHORTAGES.

  • THE ORGANIZATION PURCHASED PUBLIC HOUSING UNITS IN ORDER TO ASSIST IN THE DEVELOPMENT OR OPERATION OF LOW INCOME HOUSING UNITS, INCLUDING BUT NOT LIMITED TO PUBLIC HOUSING. THE ORGANIZATION OPERATES 457 UNITS DESIGNATED FOR LOW INCOME INDIVIDUALS.

    Expenses $11,577,628 · Revenue $10,980,024

As filed on the 2023 return.

Listed in Part VII

  • Patricia Wheatley

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lisa Carlos

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Rowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mary Fenger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Steven Faulstich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Rob Fredericks

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $339,157
    From this org
    $0
    From related orgs
    $289,962
    Other
    $49,195
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,962 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,110 related
    Nontaxable benefits
    $0 + $1,085 related
    Filer's total
    $0 + $339,157 related

  • Robert D Peirson

    CFO

    Total calculated
    $222,567
    From this org
    $0
    From related orgs
    $182,050
    Other
    $40,517
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,050 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,745 related
    Nontaxable benefits
    $0 + $9,772 related
    Filer's total
    $0 + $222,567 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. 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 · Written employment contract

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.

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.

  • HOUSING AUTHORTIY OF THE CITY OF SANTA BARBRA

    GOV'T · PUBLIC HOUSING AUTHORITY · CA

Provenance

Return type
form_990
Tax year
2023
Filed
20 December 2024
IRS schema version
2023v5.1
Source object
202403559349301570

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