Civic Intelligence

Mutual Housing Corporation

EIN 68-0284902 • 501(c)3 • Sacramento, CA

Profile

Provide low-income housing to families as the 1.0% general partner in Norwood Housing Associates, A California Limited Partnership, which owns and operates Norwood Estates and Norwood Avenue Apartments. Provide low-income housing to families as the 1.0% general partner in Greenway Village Associates, A California Limited Partnership, which owns and operates Greenway Village. Provide low-income housing to families as the 1.0% general partner in Stockton Boulevard Housing Associates, L.P.

3321 Power Inn Road 320Sacramento, CA 95826-3889

www.mutualhousing.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

32.49x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

37.13x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

7th percentile

-161%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

698%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

554%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$166,113

Up $145,285 (+698%) from 2023

Liabilities

Up

$5,397,489

Up $379,497 (+7.6%) from 2023

Net Assets

Down

-$5,231,376

Down $234,212 (-4.7%) from 2023

Revenue

Up

$145,385

Up $123,143 (+554%) from 2023

Expenses

Down

$379,597

Down $2,687 (-0.7%) from 2023

Net Income

Up

-$234,212

Up $125,830 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $512,704Liabilities 2011: $176,574Net Assets 2011: $336,1302011Assets 2012: $506,444Liabilities 2012: $176,230Net Assets 2012: $330,2142012Assets 2013: $498,674Liabilities 2013: $177,080Net Assets 2013: $321,5942013Assets 2019: $106,574Liabilities 2019: $3,597,897Net Assets 2019: -$3,491,3232019Assets 2020: $102,383Liabilities 2020: $4,016,235Net Assets 2020: -$3,913,8522020Assets 2021: $103,253Liabilities 2021: $4,357,794Net Assets 2021: -$4,254,5412021Assets 2022: $48,836Liabilities 2022: $4,685,958Net Assets 2022: -$4,637,1222022Assets 2023: $20,828Liabilities 2023: $5,017,992Net Assets 2023: -$4,997,1642023Assets 2024: $166,113Liabilities 2024: $5,397,489Net Assets 2024: -$5,231,3762024

Highlighted filing

2024

Assets$166,113
Liabilities$5,397,489
Net Assets-$5,231,376

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $174,591Expenses 2011: $3,453Net Income 2011: $171,1382011Revenue 2012: $1,000Expenses 2012: $6,916Net Income 2012: -$5,9162012Revenue 2013: $0Expenses 2013: $8,620Net Income 2013: -$8,6202013Revenue 2019: $96,085Expenses 2019: $508,296Net Income 2019: -$412,2112019Revenue 2020: $102,957Expenses 2020: $525,486Net Income 2020: -$422,5292020Revenue 2021: $105,897Expenses 2021: $446,586Net Income 2021: -$340,6892021Revenue 2022: $50,530Expenses 2022: $433,111Net Income 2022: -$382,5812022Revenue 2023: $22,242Expenses 2023: $382,284Net Income 2023: -$360,0422023Revenue 2024: $145,385Expenses 2024: $379,597Net Income 2024: -$234,2122024

Highlighted filing

2024

Revenue$145,385
Expenses$379,597
Net Income-$234,212

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$145,385
Mission and Program Overview

Mission

To provide affordable housing.

Program Services

DescriptionGrantsExpenses
MUTUAL HOUSING CORPORATION IS THE 1% GENERAL PARTNER IN NORDWOOD HOUSING ASSOCIATES LP, A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES A 44-UNIT AFFORDABLE HOUSING COMPLEX AND A 28-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN SACRAMENTO, CA.$0$379,597
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CATHY CRESWELLPresident/Chair-$0--
JENNIFER HIGLEY-CHAPMANVice Chair-$0--
CORINNE MORRISONCFO - Began 11/24-$0--
TRICIA STEVENSSecretary-$0--
ANNE MARIE FLYNNCEO - Began 10/24-$0--
DANIEL FISHERCOO-$0--
CORINNE MORRISONTreasurer - Thru 10/24-$0--
ROBERTO JIMENEZCEO - Thru 9/24-$0--
JULIE GOLDFINECfoo - Thru 8/24-$0--
AMBER LAMASONTreasurer - Began 11/24-$0--
Filing and Contact Details

Filer

Filer Name
Mutual Housing Corporation
EIN
68-0284902
Phone
9164538400
Address
3321 POWER INN ROAD 320, SACRAMENTO, CA 95826-3889

Signing Officer

Name
Corinne Morrison
Title
CFO
Phone
9164538400
Signed
2025-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Lindquist Von Husen & Joyce Llp
Address
301 HOWARD STREET SUITE 850, SAN FRANCISCO, CA 94105
Preparer
Sherman Leong
Phone
4159579999
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: loss from partnership. Amount: 274,917.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 20,562. End of year amount: 165,947. Description: affiliate investment - lp. Beg. Of year amount: 200. End of year amount: 100.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: investment - norwood lp (defecit). Beg. Of year amount: 4,914,768. End of year amount: 5,189,685. Description: corporate note payable - mhc. Beg. Of year amount: 80,762. End of year amount: 80,762. Description: accounts payable and accrued expenses. Beg. Of year amount: 22,462. End of year amount: 127,042.

Raw XML Appendix195 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LOSS FROM PARTNERSHIP. AMOUNT: 274,917.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 20,562. END OF YEAR AMOUNT: 165,947. DESCRIPTION: AFFILIATE INVESTMENT - LP. BEG. OF YEAR AMOUNT: 200. END OF YEAR AMOUNT: 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENT - NORWOOD LP (DEFECIT). BEG. OF YEAR AMOUNT: 4,914,768. END OF YEAR AMOUNT: 5,189,685. DESCRIPTION: CORPORATE NOTE PAYABLE - MHC. BEG. OF YEAR AMOUNT: 80,762. END OF YEAR AMOUNT: 80,762. DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 22,462. END OF YEAR AMOUNT: 127,042.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-11-17T08:20:54-06:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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