Develop and provide affordable Housing or low-income and special needs households.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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 $3.7M a year · 37% 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$44.7M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
Spent
$4.8M
To programs
92%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$5.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$10.4M
FY2022$7.8M
FY2023$13.6M
FY2024$12.7M
FY2024$16.0M
Expenses
$4.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.2M
FY2022$5.9M
FY2023$6.4M
FY2024$10.2M
FY2024$15.8M
Net assets
$2.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$8.8M
FY2022$16.9M
FY2023$23.4M
FY2024$25.8M
FY2024$23.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1994.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $4.4M Management & general 7% · $333K Fundraising 1% · $32K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Louis Chicoine’s $251K as Chief Executive Officer is at the 66th percentile of top reported officer pay among 676 $10–100M housing 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.

See Abode Housing Development 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and rehabilitates permanent affordable housing for low-income and special needs individuals and families in the San Francisco Bay Area.

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Provided by the organization

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2 programs · $4.4M · in their own filed words · FY2019
01

Assist substantially homeless, impoverished AND/OR special needs individuals and families within alameda county with obtaining adequate and affordable housing accomodations.

$3.4Mprogram expense
02

Develop and rehabilitate permanent affordable housing units to serve low income AND/OR special needs individuals and families within alameda county.

$971Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.4M
Gifts and grantsLn 1h$776K
Other incomeLn 4–11$241K
Money outPt IX
$4.8M
Ln 25
Programscol B$4.4M
Managementcol C$333K
Fundraisingcol D$32K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$47.3M
LiabilitiesLn 26$44.7M
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$776K
Government grantsLn 1e$326K
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$3K
Other incomeLn 4–11$241K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$39.7M
Other assetsLn 15$609K
Total assetsLn 16$47.3M
LiabilitiesLn 26$44.7M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$462K$1.4M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$42.3M$39.7M
Total assetsLn 16$46.4M$47.3M
LiabilitiesLn 26$45.7M$44.7M
Net assetsLn 32$624K$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.4M$1.2M$179K$25K
Other employee benefitsLn 9$209K$176K$29K$4K
Payroll taxesLn 10$112K$95K$16K$2K
Management feesLn 11a$166K$166K
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$55K$18K$38K
Other fees for servicesLn 11g$668K$626K$42K
Office expensesLn 13$85K$72K$14K
OccupancyLn 16$799K$799K
TravelLn 17$18K$13K$4K
InterestLn 20$389K$389K
Depreciation, depletion and amortizationLn 22$329K$329K
InsuranceLn 23$36K$28K$8K
Other expenses (24a–d)Ln 24$505K$505K
All other expensesLn 24e$17K$12K$5K
Total functional expensesLn 25$4.8M$4.4M$333K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $12.7M$10.2M$2.4M$25.8M 990 PDF
FY2023 $13.6M$6.4M$7.2M$23.4M 990 PDF
FY2022 $7.8M$5.9M$1.9M$16.9M 990 PDF
FY2021 $10.4M$4.2M$6.2M$8.8M 990 PDF
FY2020 Viewing $5.5M$4.8M$670K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,451,961 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $979,998$775,996
I-9 Program service revenuePrior year $3,032,051$4,432,565
I-10 Investment incomePrior year $2,774$2,597
I-11 Other revenuePrior year −$62,708$240,803
I-12 Total revenuePrior year $3,952,115$5,451,961
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,435,601$1,686,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,358,779$3,095,406
I-18 Total expensesPrior year $3,794,380$4,781,990
I-19 Revenue less expensesPrior year $157,735$669,971
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,451,961 across 8 lines filed
VIII-1e Government grants$325,996
VIII-1f All other contributions, gifts and grants$450,000
VIII-1h Total contributions, gifts and grants$775,996
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,432,565$4,432,565
VIII-3 Investment incomeExcluded from tax $2,597$2,597
VIII-6 Net rental income or lossUnrelated business −$39,580−$39,580
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $280,383$280,383
VIII-12 Total revenueRelated to mission $4,712,948 · Unrelated business −$39,580 · Excluded from tax $2,597$5,451,961
Part IX · Statement of functional expenses $4,781,990 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,161,334 · Management $178,651 · Fundraising $25,495$1,365,480
IX-9 Other employee benefitsPrograms $175,544 · Management $29,031 · Fundraising $4,143$208,718
IX-10 Payroll taxesPrograms $94,523 · Management $15,632 · Fundraising $2,231$112,386
IX-11a Management feesPrograms $166,016$166,016
IX-11b Legal feesPrograms $28,473$28,473
IX-11c Accounting feesPrograms $17,784 · Management $37,500$55,284
IX-11g Other fees for servicesPrograms $625,955 · Management $41,628$667,583
IX-13 Office expensesPrograms $71,881 · Management $13,566$85,447
IX-16 OccupancyPrograms $798,683$798,683
IX-17 TravelPrograms $13,370 · Management $4,457$17,827
IX-20 InterestPrograms $389,233$389,233
IX-22 Depreciation, depletion and amortizationPrograms $328,771$328,771
IX-23 InsurancePrograms $27,832 · Management $7,788$35,620
IX-24 Other expenses (24a–d)Programs $505,425$505,425
IX-24e All other expensesPrograms $12,144 · Management $4,900$17,044
IX-25 Total functional expensesPrograms $4,416,968 · Management $333,153 · Fundraising $31,869$4,781,990
Part X · Balance sheet $47,320,361 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $461,934$1,416,216
X-3 Pledges and grants receivableStart of year $72,596$42,271
X-4 Accounts receivableStart of year $1,285,436$1,861,429
X-9 Prepaid expenses and deferred chargesStart of year $536,579$19,992
X-10c Land, buildings and equipment, netStart of year $42,324,108$39,694,049
X-13 Program-related investments$3,677,675
X-15 Other assetsStart of year $537,458$608,729
X-16 Total assetsStart of year $46,357,799$47,320,361
X-17 Accounts payable and accrued expensesStart of year $1,044,683$1,610,488
X-19 Deferred revenueStart of year $128,779$139,525
X-25 Other liabilitiesStart of year $1,396,809$5,785,873
X-26 Total liabilitiesStart of year $45,733,396$44,683,089
X-27 Net assets without donor restrictionsStart of year $624,403$2,637,272
X-32 Total net assets or fund balancesStart of year $624,403$2,637,272
X-33 Total liabilities and net assetsStart of year $46,357,799$47,320,361
Part XI · Reconciliation of net assets $2,637,272 net assets at year end
XI-1 Total revenue$5,451,961
XI-2 Total expenses$4,781,990
XI-3 Revenue less expenses$669,971
XI-4 Net assets at start of year$624,403
XI-8 Prior period adjustments$1,342,898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,637,272

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

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