Civic Intelligence

Drake'S Way Eah Inc

990 • Fiscal year 2022 • EIN 27-1359232

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 12, 2023

22 Pelican WaySan Rafael, CA 94901

(415) 258-1800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.15x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

26th percentile

-4.8%

Higher net margin than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$632,794

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 31.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

951%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$230,745

Down $78,105 (-25%) from 2021

Net Assets

Down

$195,295

Down $98,555 (-34%) from 2021

Liabilities

Up

$35,450

Up $20,450 (+136%) from 2021

Revenue

Up

$2,041,699

Up $1,847,468 (+951%) from 2021

Expenses

Up

$2,140,254

Up $1,862,568 (+671%) from 2021

Net Income

Down

-$98,555

Down $15,100 (-18%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$500K$0-$500KAssets 2015: $464,795Net Assets 2015: $464,7952015Assets 2016: $464,754Net Assets 2016: $464,7542016Assets 2017: $464,723Net Assets 2017: $464,7232017Assets 2018: $464,695Net Assets 2018: $464,6952018Assets 2019: $464,667Net Assets 2019: $464,6672019Assets 2020: $377,305Net Assets 2020: $377,3052020Assets 2021: $308,850Liabilities 2021: $15,000Net Assets 2021: $293,8502021Assets 2022: $230,745Liabilities 2022: $35,450Net Assets 2022: $195,2952022Assets 2023: $375,563Liabilities 2023: $329,091Net Assets 2023: $46,4722023Assets 2024: -$104,141Liabilities 2024: $309,433Net Assets 2024: -$413,5742024

Highlighted filing

2022

Assets$230,745
Liabilities$35,450
Net Assets$195,295

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $32Expenses 2015: $73Net Income 2015: -$412015Revenue 2016: $532Expenses 2016: $573Net Income 2016: -$412016Revenue 2017: $76Expenses 2017: $107Net Income 2017: -$312017Revenue 2018: $1,049Expenses 2018: $1,077Net Income 2018: -$282018Revenue 2019: $589Expenses 2019: $617Net Income 2019: -$282019Revenue 2020: $166,542Expenses 2020: $253,904Net Income 2020: -$87,3622020Revenue 2021: $194,231Expenses 2021: $277,686Net Income 2021: -$83,4552021Revenue 2022: $2,041,699Expenses 2022: $2,140,254Net Income 2022: -$98,5552022Revenue 2023: $2,182,960Expenses 2023: $2,331,783Net Income 2023: -$148,8232023Revenue 2024: $2,277,255Expenses 2024: $2,737,301Net Income 2024: -$460,0462024

Highlighted filing

2022

Revenue$2,041,699
Expenses$2,140,254
Net Income-$98,555
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 12, 2023
Return Version
2022v5.0
Gross Receipts
$2,041,699
Mission and Program Overview

Mission

To perform the charitable functions of and carry out the charitable purposes of eah, inc., a california nonprofit public benefit corporation which provides low income housing.

To perform the charitable functions of and carry out the charitable purposes of eah inc., a california nonprofit public benefit corporation which provides low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Other Assets Total$308,850$230,745▼ $78,105
Total Assets$308,850$230,745▼ $78,105
Liabilities
Other Liabilities$15,000$35,450▲ $20,450
Total Liabilities$15,000$35,450▲ $20,450
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$293,850$195,295▼ $98,555
Total Net Assets Fund Balance$293,850$195,295▼ $98,555
Total Liabilities and Net Assets / Fund Balance$308,850$230,745▼ $78,105

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$30,450--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stacey SmithPresident
Laura HallVP/secretary
Cathy MacyVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75
Program Service Revenue
$2,036,991
Investment Income
$4,633
Other Revenue
$0
Change in Net Assets
$-98,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,054,403
Grants and Similar Amounts Paid$85,851
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$85,851--$85,851
Other Expenses$75--$75
Total Functional Expenses$2,140,254$0$0$2,140,254
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eah IncSan Rafael, CA501(c)(3)GENL SUPPORT: LOW INC HSG DEV$85,851
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Partnership Management Fee Payable$30,450
Asset Management Fee Payable$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The corporation is managed by eah inc., a nonprofit public benefit corporation related to the corporation by common members of the board of directors and/or the power to appoint directors. Eah is responsible for the day to day operations of the corporation, including maintenance of accounting records.

Form 990, Part VI, Section A, Line 8B

There are no subcommittees of the board of directors.

Form 990, Part VI, Section B, Line 11B

The chief financial officer of eah inc. (the supported 501(c)(3) organization) reviews the form 990 prior to presentation to an officer for signature.

Form 990, Part VI, Section B, Line 15A

The corporation does not pay compensation, either as an employee or independent contractor, to anyone.all three of the corporation's officers are compensated employees of eah inc., a related 501(c)(3) exempt organization. Their salaries from eah inc. Are subject to annual review by eah inc.'s compensation committee, a sub-committee of the board of directors.

Form 990, Part VI, Section B, Line 15B

The corporation does not pay compensation, either as an employee or independent contractor, to anyone.all three of the corporation's officers are compensated employees of eah inc., a related 501(c)(3) exempt organization. Their salaries from eah inc. Are subject to annual review by eah inc.'s compensation committee, a sub-committee of the board of directors.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Drakes Way EAH Inc
EIN
27-1359232
Phone
4152581800
Address
22 Pelican Way, San Rafael, CA 94901

Signing Officer

Name
Cathy Macy
Title
VP/treasurer
Signed
2023-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Smith
Formed
2009
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Spiteri Narasky & Daley LLP
Address
3470 Mt Diablo Blvd Suite A300, Lafayette, CA 94549
Preparer
Brieanne E Fairley
Phone
9253762195
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Eah and other not-for-profit corporations have been granted tax-exempt status by the internal revenue service, under code section 501(c)(3), and the california franchise tax board under the revenue and taxation code section 23701(d). The income or loss from the partnerships is reported by the partners on their tax returns.no income tax provision has been included in the combined financial statements for the single member limited liability companies which are generally considered disregarded entities. The income and loss of the llcs is included in the tax returns of their respective sole members. Only the annual california limited liability company minimum tax and the annual fee appear as expense in the combined financial statements.eah and affiliates believe that they have appropriate support for any tax positions taken, and as such, do not have any uncertain tax positions that are material to the combined financial statements. Eah and affiliates' federal and state income tax and information returns for the years 2018 through 2021 are subject to examination by the regulatory agencies, generally for three years and four years after they were filed for federal and state, respectively.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ASSET MANAGEMENT FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN PARTNERSHIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PARTNERSHIP MANAGEMENT FEE RECEIVABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EAH AND OTHER NOT-FOR-PROFIT CORPORATIONS HAVE BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE, UNDER CODE SECTION 501(C)(3), AND THE CALIFORNIA FRANCHISE TAX BOARD UNDER THE REVENUE AND TAXATION CODE SECTION 23701(D). THE INCOME OR LOSS FROM THE PARTNERSHIPS IS REPORTED BY THE PARTNERS ON THEIR TAX RETURNS.NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE COMBINED FINANCIAL STATEMENTS FOR THE SINGLE MEMBER LIMITED LIABILITY COMPANIES WHICH ARE GENERALLY CONSIDERED DISREGARDED ENTITIES. THE INCOME AND LOSS OF THE LLCS IS INCLUDED IN THE TAX RETURNS OF THEIR RESPECTIVE SOLE MEMBERS. ONLY THE ANNUAL CALIFORNIA LIMITED LIABILITY COMPANY MINIMUM TAX AND THE ANNUAL FEE APPEAR AS EXPENSE IN THE COMBINED FINANCIAL STATEMENTS.EAH AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE COMBINED FINANCIAL STATEMENTS. EAH AND AFFILIATES' FEDERAL AND STATE INCOME TAX AND INFORMATION RETURNS FOR THE YEARS 2018 THROUGH 2021 ARE SUBJECT TO EXAMINATION BY THE REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENL SUPPORT: LOW INC HSG DEV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EAH INC
IRS990ScheduleI/RecipientTable/RecipientEIN0941699153
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt022 PELICAN WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN RAFAEL
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS OF DRAKES WAY EAH, INC. ARE EITHER OFFICERS OR EMPLOYEES OF THE RECEIPIENT 501(C)(3) ORGANIZATION, EAH INC. THEREFORE, THERE IS DIRECT OVERSIGHT OF THE GRANT FUNDS CONTRIBUTED TO EAH INC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2President
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS MANAGED BY EAH INC., A NONPROFIT PUBLIC BENEFIT CORPORATION RELATED TO THE CORPORATION BY COMMON MEMBERS OF THE BOARD OF DIRECTORS AND/OR THE POWER TO APPOINT DIRECTORS. EAH IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE CORPORATION, INCLUDING MAINTENANCE OF ACCOUNTING RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SUBCOMMITTEES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF FINANCIAL OFFICER OF EAH INC. (THE SUPPORTED 501(C)(3) ORGANIZATION) REVIEWS THE FORM 990 PRIOR TO PRESENTATION TO AN OFFICER FOR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION DOES NOT PAY COMPENSATION, EITHER AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR, TO ANYONE.ALL THREE OF THE CORPORATION'S OFFICERS ARE COMPENSATED EMPLOYEES OF EAH INC., A RELATED 501(C)(3) EXEMPT ORGANIZATION. THEIR SALARIES FROM EAH INC. ARE SUBJECT TO ANNUAL REVIEW BY EAH INC.'S COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION DOES NOT PAY COMPENSATION, EITHER AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR, TO ANYONE.ALL THREE OF THE CORPORATION'S OFFICERS ARE COMPENSATED EMPLOYEES OF EAH INC., A RELATED 501(C)(3) EXEMPT ORGANIZATION. THEIR SALARIES FROM EAH INC. ARE SUBJECT TO ANNUAL REVIEW BY EAH INC.'S COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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