Pep Housing FY2020 filing

Tax-deductible

Santa Rosa, CA501(c)(3)Since 1978ReligionEIN 94-2565270

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Dedicated to providing quality affordable Housing, Housing support services, and advocacy for the low-income community.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$546K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.0M a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$546K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $697K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$5.0M
To programs
90%
Net assets
$8.8M
By yearFY2020–FY2024
Revenue
$5.2M
FY2020
Revenue by fiscal year
FY2020$5.2M
FY2021$6.2M
FY2022$7.9M
FY2023$6.6M
FY2024$8.1M
Expenses
$5.0M
FY2020
Expenses by fiscal year
FY2020$5.0M
FY2021$5.4M
FY2022$5.4M
FY2023$6.5M
FY2024$6.4M
Net assets
$8.8M
FY2020
Net assets by fiscal year
FY2020$8.8M
FY2021$9.5M
FY2022$11.9M
FY2023$12.0M
FY2024$9.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $4.5M Management & general 8% · $417K Fundraising 2% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $546K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Dir/a Secr
$192,706Pt VII · Sec A
Dir of Finance
$120,439Pt VII · Sec A
Dir. of Hsg Dev
$117,653Pt VII · Sec A
Dir of Prop Mgmt
$115,361Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Jennifer Litwak’s $257K as CEO/President is at the 95th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Litwak$256,852————
Mary Stompe—$151,176$218,918$184,806$192,706
Jim Wallen$170,563————
Karin Anderson$148,833————
Kerry Bentz$140,177————
Jim Wallen—$134,981$121,723$114,260$117,653
Dominic Roybal—$132,760$120,205$110,689$115,361
Sharon Patchin-Redman—$114,597$124,137$100,238—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pep Housing executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing, support services, and advocacy for low-income communities.

Provided by the organization

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3 program services account for $4.0M of program spending, described in the organization's own filed words · FY2020.
01

Directly owns and operates 7 buildings, comprising of 85 units of low income housing for low income families, elderley and handicapped persons in petaluma, california.

$2.6Mprogram expense
02

The corporation serves as a general partner or limited partner in four limited partnerships which provide a total of 156 total units of low-income housing located in petaluma and kentfield, california.

$727Kprogram expense
03

Provision of development & construction management services in the development and rehabilitaion of affordable housing projects for the benefit of low income families, elderly, and persons with disabilities.

$637Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Vigil Light INCFY2024$600K
Total grants receivedfrom 3 funders$697K
See all 3 funders →
Grants paid · 7 grants · $3.8M · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$2.6M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$275K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.5M
Managementcol C$417K
Fundraisingcol D$77K
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$12.8M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$639K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$275K
Gains on assetsLn 7$0
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$2.0M
Total assetsLn 16$12.8M
LiabilitiesLn 26$4.0M
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 561
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.9M$3.2M
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$2.8M$2.8M
Total assetsLn 16$13.6M$12.8M
LiabilitiesLn 26$5.0M$4.0M
Net assetsLn 32$8.6M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$324K$165K$136K$23K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.1M$883K$162K$18K
Pension plan contributionsLn 8$28K$19K$8K$1K
Other employee benefitsLn 9$146K$113K$29K$4K
Payroll taxesLn 10$97K$72K$22K$3K
Management feesLn 11a$0
Legal feesLn 11b$14K$13K$1K
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$5K$244
Advertising and promotionLn 12$7K$6K$412
Office expensesLn 13$65K$58K$6K$203
Information technologyLn 14$41K$38K$3K
RoyaltiesLn 15$0
OccupancyLn 16$409K$399K$10K$900
TravelLn 17$9K$9K$731
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$20K$18K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$144K$140K$3K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$841K$813K$2K$26K
All other expensesLn 24e$24K$24K$150
Total functional expensesLn 25$5.0M$4.5M$417K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.1M$6.4M$1.8M$9.2M 990 PDF
FY2023 $6.6M$6.5M$104K$12.0M 990 PDF
FY2022 $7.9M$5.4M$2.5M$11.9M 990 PDF
FY2021 $6.2M$5.4M$737K$9.5M 990 PDF
FY2020 Viewing $5.2M$5.0M$154K$8.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $5,161,265 across 11 lines filed
Lines not itemized here account for $11,238 of total revenue; see the IRS return.
VIII-1d Related organizations$94,766
VIII-1e Government grants$638,743
VIII-1f All other contributions, gifts and grants$1,857,492
VIII-1h Total contributions, gifts and grants$2,591,001
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,284,177$2,284,177
VIII-3 Investment incomeExcluded from tax $274,849$274,849
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,295,415 · Excluded from tax $274,849$5,161,265
Part IX · Statement of functional expenses $5,007,093 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,737,265$1,737,265
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $165,230 · Management $135,916 · Fundraising $23,216$324,362
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $883,412 · Management $162,497 · Fundraising $18,486$1,064,395
IX-8 Pension plan contributionsPrograms $18,958 · Management $8,085 · Fundraising $1,130$28,173
IX-9 Other employee benefitsPrograms $112,778 · Management $29,248 · Fundraising $4,087$146,113
IX-10 Payroll taxesPrograms $72,013 · Management $21,628 · Fundraising $3,022$96,663
IX-11a Management fees$0
IX-11b Legal feesPrograms $12,892 · Management $1,240$14,132
IX-11c Accounting feesManagement $30,000$30,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $5,482 · Management $244$5,726
IX-12 Advertising and promotionPrograms $6,346 · Management $412$6,758
IX-13 Office expensesPrograms $57,965 · Management $6,396 · Fundraising $203$64,564
IX-14 Information technologyPrograms $38,259 · Management $2,947$41,206
IX-15 Royalties$0
IX-16 OccupancyPrograms $398,905 · Management $9,660 · Fundraising $900$409,465
IX-17 TravelPrograms $8,672 · Management $731$9,403
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $18,222 · Management $1,678$19,900
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $140,372 · Management $3,322$143,694
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $812,531 · Management $2,456 · Fundraising $25,863$840,850
IX-24e All other expensesPrograms $24,274 · Management $150$24,424
IX-25 Total functional expensesPrograms $4,513,576 · Management $416,610 · Fundraising $76,907$5,007,093
Part X · Balance sheet $12,791,712 assets, 20 lines filed
Asset lines not itemized here account for $3,374,408; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $591,888$1,758,613
X-2 Savings and temporary cash investmentsStart of year $1,304,650$1,445,335
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $162$222,026
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $84,598$104,817
X-10c Land, buildings and equipment, netStart of year $2,844,387$2,779,250
X-11 Publicly traded securitiesStart of year $580,788$623,285
X-12 Other securities$0
X-13 Program-related investmentsStart of year $501,528$501,222
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,678,355$1,982,756
X-16 Total assetsStart of year $13,589,959$12,791,712
X-17 Accounts payable and accrued expensesStart of year $1,567,233$1,457,841
X-25 Other liabilitiesStart of year $564,256$45,587
X-26 Total liabilitiesStart of year $5,003,586$4,022,359
X-27 Net assets without donor restrictionsStart of year $8,522,594$7,803,450
X-28 Net assets with donor restrictionsStart of year $63,779$965,903
X-32 Total net assets or fund balancesStart of year $8,586,373$8,769,353
X-33 Total liabilities and net assetsStart of year $13,589,959$12,791,712
Part XI · Reconciliation of net assets $8,769,353 net assets at year end
XI-1 Total revenue$5,161,265
XI-2 Total expenses$5,007,093
XI-3 Revenue less expenses$154,172
XI-4 Net assets at start of year$8,586,373
XI-5 Net unrealized gains (losses) on investments$28,808
XI-10 Net assets at end of year$8,769,353

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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