Form 990 for tax year 2023
Filed by EASTERN SIERRA COMMUNITY HOUSING INC.
Totals
- Total revenue
- $1,429,098
- Total expenses
- $675,559
- Contributions and grants received
- $709,418
- Grants paid
- $0
- Program service revenue
- $477,332
- Investment income
- $242,348
- Other revenue
- $0
- Total assets, end of year
- $10,793,514
- Total liabilities, end of year
- $7,794,140
- Net assets or fund balances, end of year
- $2,999,374
- Program services expenses (Part IX)
- $636,673
- Management and general expenses
- $31,096
- Fundraising expenses
- $7,790
- Program service expenses (Part III)
- $636,673
Program services were 94.2% 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)
$617,150
-
1f · All other contributions, gifts and grants
$92,268
-
2a · Program service revenue: Asset management fees
total $8,070 · related or exempt $8,070
-
2b · Program service revenue: Developer fee
total $370,800 · related or exempt $370,800
-
2c · Program service revenue: Low-income rents
total $98,462 · related or exempt $98,462
-
3 · Investment income
total $992 · excluded $992
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $381,000
-
7b · Less cost or other basis and sales expenses
other assets $139,644
-
7c · Gain or loss
other assets $241,356
-
7d · Net gain or loss
total $241,356 · related or exempt $241,356
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $125,256 · program services $108,256 · management and general $12,000 · fundraising $5,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $178,737 · program services $178,737
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $39,885 · program services $35,385 · management and general $3,000 · fundraising $1,500
-
10 · Payroll taxes
total $22,129 · program services $19,129 · management and general $2,000 · fundraising $1,000
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,752 · program services $9,752
-
11c · Fees: accounting
total $12,396 · management and general $12,396
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $7,427 · program services $7,427
-
13 · Office expenses
total $25,569 · program services $23,819 · management and general $1,500 · fundraising $250
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $8,625 · program services $8,625
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,144 · program services $6,144
-
20 · Interest
total $17,724 · program services $17,724
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $49,516 · program services $49,516
-
23 · Insurance
total $54,066 · program services $54,066
-
24a · Other expenses: Repairs contracts
total $42,852 · program services $42,852
-
24b · Other expenses: Real estate taxes
total $17,015 · program services $17,015
-
24c · Other expenses: HOA fees
total $15,991 · program services $15,991
-
24d · Other expenses: Utilities
total $13,776 · program services $13,776
-
24e · All other expenses
total $28,699 · program services $28,459 · management and general $200 · fundraising $40
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $229,611 · end of year $352,257
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $76,129 · end of year $578,561
-
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
beginning of year $37,667 · end of year $36,089
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $66,940 · end of year $57,706
-
10a · Land, buildings and equipment: cost or other basis
$10,224,681
-
10b · Land, buildings and equipment: accumulated depreciation
$585,968
-
10c · Land, buildings and equipment, net
beginning of year $7,353,305 · end of year $9,638,713
-
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
beginning of year $2,034,671 · end of year $130,188
-
17 · Accounts payable and accrued expenses
beginning of year $239,746 · end of year $472,986
-
19 · Deferred revenue
end of year $51,450
-
23 · Secured mortgages and notes payable
beginning of year $1,344,203 · end of year $1,300,440
-
25 · Other liabilities
beginning of year $5,968,539 · end of year $5,969,264
-
27 · Net assets without donor restrictions
beginning of year $2,149,847 · end of year $2,902,394
-
28 · Net assets with donor restrictions
beginning of year $95,988 · end of year $96,980
Mission and programs · 2023
Mission
Eastern Sierra Community Housing (ESCH), has spearheaded a workforce housing development program targeted at tackling one of the toughest issues facing Sierra communities today. The private, not-for-profit, organization was established in 2003 and has made significant progress toward mitigating the affordable housing problem that exists in the community.
Activities or mission (Part I)
Eastern Sierra Community Housing supports workforce housing for a viable economy and a sustainable community.
-
Since its inception, the Organization has turned its initial start-up funds of $210,000, into nearly $62 million in grants, bonds, and tax credits for workforce housing and directly created 130 rental and ownership homes within the Town of Mammoth Lakes. Through home buyer assistance programs in Mono County, the Town of Mammoth Lakes, and the City of Bishop, the organization has assisted 125 (as of Feb. 2019) households purchase safe, affordable housing. Among other services, ESCH provides stewardship of 50+ community land trust ownership homes. The Organization now includes a four full-time staff and a nine-member Board of Directors which actively work to fulfill their mission to support workforce housing for a viable local economy and a sustainable community. Through collaborative public/private partnerships with local jurisdictions and for-profit resort and housing developers, ESCH is increasing the supply of housing that is affordable to the Eastern Sierras workforce and families. ESCH has been successful in providing housing through a variety of programs. Utilizing state, federal, and local funding sources Eastern Sierra Community Housing has developed and/or rehabilitated nearly 200 homes in the region. ESCH currently operates a down payment assistance program to help homebuyers into homeownership. Recently, the organization purchased a commercial building with the intention of converting it into an affordable rental development.ESCH has worked closely with the Town of Mammoth Lakes to implement the Housing Element and the housing requirements of the Towns Municipal Code. This contractual relationship has effectively secured a grant and other funding, developed a more effective deed restriction program, and spurred the development of affordable units to meet the Regional Housing Needs, determined by the California Department of Housing and Community Development.
Expenses $636,673 · Revenue $1,429,098
As filed on the 2023 return.
Listed in Part VII
-
Patricia Robertson
Secretary, ED
- Total calculated
- $125,256
- From this org
- $125,256
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kirk Strapp
President
- Total calculated
- $0
- Hours/week
- 2
-
Tom Hodges
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Lindsay Barksdale
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Kreitz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Rice
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony Perkins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heidi Steenstra
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian D'Andrea
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Nuttall
Director
- Total calculated
- $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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Innsbruck Lodge Affordable Housing LLC
Low-income housing · CA · income $1,000 · assets $6,907,767
Directly controlled by Mammoth Lakes Housing Inc
-
Sierra Housing Advocates LLC
Low-income housing · CA · income $8,000 · assets $184,832
Directly controlled by Mammoth Lakes Housing Inc
-
Silver Peaks Affordable Housing LLC
Low-income housing · CA
Directly controlled by Mammoth Lakes Housing Inc
-
Valley Apartments Affordable Housing LLC
Low-income housing · CA · assets $51,651
Directly controlled by Mammoth Lakes Housing Inc
-
Access Apartments Affordable Housing LL
Low-income housing · CA
Directly controlled by Mammoth Lakes Housing Inc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413479349301316
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