Island City Development
Provides affordable housing for low-income individuals and families. For fiscal year 2024 it reported $4.6M in revenue, $372K in expenses, and $7.8M in net assets.Pt I
- Type
- Supporting organization · Housing
- Location
- Alameda, CA
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
Everett Commons
Everett commons fka 2437 eagle avenue family project, is a 20-UNIT multi-family, townhouse-style property including one two-bedroom manager's unit, intended to provide affordable housing for low and very low-income families and veterans in the city of alameda, california.
Littlejohn Commons
Littlejohn commons, fka del monte senior housing project, is a 31-UNIT senior rental project consisting of 30 one-bedroom and one two-bedroom manager's unit intended to provide affordable housing for low and very low-income seniors in the city of alameda, california.
Rosefield Village
The rosefield village project includes the redevelopment of a 53-UNIT property into 92 units of affordable housing for low-income families in the city of alameda, california. Tax credit and construction financing closed in august 2020. The project was placed in service in 2022.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 16% | — | — |
| Overhead ratio | 84% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 98% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 9% | — | — |
| Accounting fee ratio | 4% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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