Civic Intelligence

Milpitas Housing Inc.

990 • Fiscal year 2011 • EIN 94-3253389

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 13, 2012

345 Spear Street No 70094105
Siviq Scores

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

Liabilities / Assets

100th percentile

57.62x

Higher debt load relative to assets than 100% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

74th percentile

21%

Faster asset growth than 74% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$146,805

Up $25,918 (+21%) from 2010

Net Assets

Down

-$8,312,453

Down $714,778 (-9.4%) from 2010

Liabilities

Up

$8,459,258

Up $740,696 (+9.6%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$863,212

Down $626,931 (-42%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2010: $120,887Liabilities 2010: $7,718,562Net Assets 2010: -$7,597,6752010Assets 2011: $146,805Liabilities 2011: $8,459,258Net Assets 2011: -$8,312,4532011Assets 2012: $164,312Liabilities 2012: $9,237,828Net Assets 2012: -$9,073,5162012Assets 2013: $151,412Liabilities 2013: $9,949,971Net Assets 2013: -$9,798,5592013Assets 2014: $142,189Liabilities 2014: $10,463,474Net Assets 2014: -$10,321,2852014Assets 2015: $164,738Liabilities 2015: $10,853,592Net Assets 2015: -$10,688,8542015Assets 2016: $112,754Liabilities 2016: $11,370,823Net Assets 2016: -$11,258,0692016Assets 2017: $99,461Liabilities 2017: $11,595,294Net Assets 2017: -$11,495,8332017Assets 2018: $42,137Liabilities 2018: $11,517,026Net Assets 2018: -$11,474,8892018Assets 2019: $43,823Liabilities 2019: $13,301,913Net Assets 2019: -$13,258,0902019Assets 2020: $45,576Liabilities 2020: $11,734,080Net Assets 2020: -$11,688,5042020Assets 2021: $657,179Liabilities 2021: $14,982,772Net Assets 2021: -$14,325,5932021Assets 2022: $49,295Liabilities 2022: $15,483,647Net Assets 2022: -$15,434,3522022Assets 2023: $770,377Liabilities 2023: $16,671,026Net Assets 2023: -$15,900,6492023Assets 2024: $891,723Liabilities 2024: $16,726,304Net Assets 2024: -$15,834,5812024

Highlighted filing

2011

Assets$146,805
Liabilities$8,459,258
Net Assets-$8,312,453

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $1,490,1432010Expenses 2011: $863,2122011Expenses 2012: $927,0252012Revenue 2013: $153,272Expenses 2013: $878,315Net Income 2013: -$725,0432013Revenue 2014: $144,059Expenses 2014: $666,785Net Income 2014: -$522,7262014Revenue 2015: $164,738Expenses 2015: $532,307Net Income 2015: -$367,5692015Revenue 2016: $116,227Expenses 2016: $685,442Net Income 2016: -$569,2152016Revenue 2017: $101,021Expenses 2017: $338,785Net Income 2017: -$237,7642017Revenue 2018: $64,761Expenses 2018: $43,817Net Income 2018: $20,9442018Revenue 2019: $45,508Expenses 2019: $1,828,709Net Income 2019: -$1,783,2012019Revenue 2020: $1,616,867Expenses 2020: $47,281Net Income 2020: $1,569,5862020Revenue 2021: $658,979Expenses 2021: $3,296,068Net Income 2021: -$2,637,0892021Revenue 2022: $51,165Expenses 2022: $1,159,924Net Income 2022: -$1,108,7592022Revenue 2023: $722,987Expenses 2023: $1,189,284Net Income 2023: -$466,2972023Revenue 2024: $957,891Expenses 2024: $891,823Net Income 2024: $66,0682024

Highlighted filing

2011

Revenue-
Expenses$863,212
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 13, 2012
Return Version
2011v1.2
Gross Receipts
$148,434
Mission and Program Overview

Mission

Mission: this organization supports bridge housing corporation (bridge). Bridge strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.vision:* bridge strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* bridge is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* bridge earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* bridge is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.

Filing and Contact Details

Filer

EIN
94-3253389
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IRS990/ActivityOrMissionDescription0SUCCESSFULLY PROVIDED AFFORDABLE HOUSING BY PROVIDING ASSET MANAGEMENT SERVICES AND SERVING AS THE GENERAL PARTNER. CONTINUED TO SUPPLY SUPPORT TO BRIDGE HOUSING CORPORATION. BRIDGE HOUSING CORPORATION CREATES HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS. WITH OVER 12,500 HOMES PLACED IN SERVICE AND OVER 3,500 UNITS CURRENTLY IN PROGRESS, BRIDGE IS AMONG THE LARGEST AFFORDABLE HOUSING DEVELOPERS IN CALIFORNIA. BRIDGE BUILDS A RANGE OF HOUSING TYPES THAT NOT ONLY FIT COMFORTABLY INTO THEIR SURROUNDINGS BUT ALSO ACT AS THE CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS.
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IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs5191299
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs6224474
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment01
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0CORPORATE CONTROLLER AND CFO CONDUCT A DETAIL REVIEW OF THE RETURN BEFORE IT IS FILED. DETAIL REVIEW INCLUDES AGREEING NUMBERS TO AUDIT REPORT, REASONABLENESS TESTS ON DATA, AND REVIEWING SALARY INFORMATION. EACH MEMBER OF THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS, UPON REQUEST, CAN REVIEW THE FORM 990 AND SUBMIT COMMENTS BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1ANY DIRECTOR OR OFFICER WHO HAS A FINANCIAL INTEREST, DIRECTLY OR INDIRECTLY, MUST DISCLOSE IT BEFORE A CONSIDERATION OR VOTE OF THE TRANSACTION IS MADE BY THE BOARD OF DIRECTORS. THE REMAINING BOARD WILL THEN DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED DIRECTOR OR OFFICER MAY MAKE AN INFORMATIONAL PRESENTATION TO THE BOARD IN CONNECTION WITH THE TRANSACTION, BUT MAY NOT BE PRESENT DURING THE DISCUSSION OR THE VOTE. THE BOARD MINUTES REFLECT THE ABOVE-DESCRIBED DISCUSSIONS. EACH YEAR THE DIRECTORS AND OFFICERS SIGN A STATEMENT TO DENOTE IF CONFLICTS EXISTED DURING THE YEAR AND IF SO, DISCLOSING THE NATURE OF THE CONFLICT. THE ORANIZATION ALSO DOES PERIODIC REVIEWS TO ENSURE COMPENSATION IS REASONABLE AND GOODS AND SERVICES ARE RECEIVED AT ARMS-LENGTH AND CONFORM WITH INTERNAL POLICIES.
IRS990ScheduleO/GeneralExplanation/Explanation2PROPOSED COMPENSATION IS PRESENTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF BRIDGE HOUSING CORPORATION. THE PROPOSAL INCLUDES COMPARABLE DATA FROM INDEPENDENT SOURCES. THE COMMITTEE THEN APPROVES OR DISCUSSES ALTERNATIVES TO THE PROPOSAL.
IRS990ScheduleO/GeneralExplanation/Explanation3THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE HOURS, DEVOTED BY EACH COMPENSATED EMPLOYEE TO THIS REPORTING ORGANIZATION, SHOWN IN COLUMN B, WHEN COMBINED WITH HIS/HER ESTIMATED HOURS DEVOTED TO OTHER RELATED ORGANIZATIONS, IS ON AVERAGE EQUAL TO 40 HOURS PER WEEK.
IRS990ScheduleO/GeneralExplanation/Explanation5THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990 PART VII SECTION A COLUMNS A&B:
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
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IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine116345 SPEAR STREET SUITE 700
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IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine118345 SPEAR STREET SUITE 700
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine119345 SPEAR STREET SUITE 700
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine120345 SPEAR STREET SUITE 700
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IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine125345 SPEAR STREET SUITE 700
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City0SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City1SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City2SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City3SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City4SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City5SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City6SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City7SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City8SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City9SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City10SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City11SAN FRANCISCO
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City12SAN FRANCISCO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$16.7$15.8$0.96$0.89$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.77$16.7$15.9$0.72$1.19$0.47
2022Detailed filing. Detailed filing data is available for this year.$0.05$15.5$15.4$0.05$1.16$1.11
2021Detailed filing. Detailed filing data is available for this year.$0.66$15.0$14.3$0.66$3.30$2.64
2020Detailed filing. Detailed filing data is available for this year.$0.05$11.7$11.7$1.62$0.05$1.57
2019Detailed filing. Detailed filing data is available for this year.$0.04$13.3$13.3$0.05$1.83$1.78
2018Detailed filing. Detailed filing data is available for this year.$0.04$11.5$11.5$0.06$0.04$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.10$11.6$11.5$0.10$0.34$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.11$11.4$11.3$0.12$0.69$0.57
2015Detailed filing. Detailed filing data is available for this year.$0.16$10.9$10.7$0.16$0.53$0.37
2014Detailed filing. Detailed filing data is available for this year.$0.14$10.5$10.3$0.14$0.67$0.52
2013Detailed filing. Detailed filing data is available for this year.$0.15$9.95$9.80$0.15$0.88$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$9.24$9.07$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$8.46$8.31$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$7.72$7.60$1.49