Civic Intelligence

Corporate Fund for Housing

EIN 95-3935881 • 501(c)3 • Long Beach, CA

Pub. 78 Eligible

Profile

Provision of senior and low income affordable housing to needy individuals. Corporate fund for housing is an owner of a mobile home park providing affordable housing in furtherance of its purpose to lesson the burdens of govt.

3590 Elm AvenueLong Beach, CA 90807

www.linchousing.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.36x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

1.1%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

3.3%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$85,264,188

Up $963,639 (+1.1%) from 2023

Liabilities

Down

$74,196,757

Down $961,123 (-1.3%) from 2023

Net Assets

Up

$11,067,431

Up $1,924,762 (+21%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin75th percentile

Revenue

Up

$10,085,567

Up $326,276 (+3.3%) from 2023

Expenses

Down

$8,160,805

Down $363,803 (-4.3%) from 2023

Net Income

Up

$1,924,762

Up $690,079 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$100M$50M$0Assets 2010: $64,426,706Liabilities 2010: $61,619,006Net Assets 2010: $2,807,7002010Assets 2011: $63,938,348Liabilities 2011: $61,593,439Net Assets 2011: $2,344,9092011Assets 2012: $63,572,934Liabilities 2012: $61,705,730Net Assets 2012: $1,867,2042012Assets 2013: $63,738,412Liabilities 2013: $61,954,069Net Assets 2013: $1,784,3432013Assets 2014: $63,237,474Liabilities 2014: $61,622,872Net Assets 2014: $1,614,6022014Assets 2015: $62,951,595Liabilities 2015: $61,364,010Net Assets 2015: $1,587,5852015Assets 2016: $60,361,460Liabilities 2016: $58,554,447Net Assets 2016: $1,807,0132016Assets 2017: $60,494,848Liabilities 2017: $58,250,010Net Assets 2017: $2,244,8382017Assets 2018: $61,450,429Liabilities 2018: $57,063,349Net Assets 2018: $4,387,0802018Assets 2019: $61,873,906Liabilities 2019: $56,637,093Net Assets 2019: $5,236,8132019Assets 2020: $62,361,892Liabilities 2020: $56,138,543Net Assets 2020: $6,223,3492020Assets 2021: $62,505,440Liabilities 2021: $55,655,308Net Assets 2021: $6,850,1322021Assets 2022: $85,802,701Liabilities 2022: $77,894,715Net Assets 2022: $7,907,9862022Assets 2023: $84,300,549Liabilities 2023: $75,157,880Net Assets 2023: $9,142,6692023Assets 2024: $85,264,188Liabilities 2024: $74,196,757Net Assets 2024: $11,067,4312024

Highlighted filing

2024

Assets$85,264,188
Liabilities$74,196,757
Net Assets$11,067,431
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

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

$30M$20M$10M$0-$10MRevenue 2010: $6,841,803Expenses 2010: $7,530,725Net Income 2010: -$688,9222010Revenue 2011: $6,926,926Expenses 2011: $7,389,717Net Income 2011: -$462,7912011Revenue 2012: $7,091,436Expenses 2012: $7,569,141Net Income 2012: -$477,7052012Revenue 2013: $7,711,679Expenses 2013: $7,794,540Net Income 2013: -$82,8612013Revenue 2014: $7,665,244Expenses 2014: $7,834,985Net Income 2014: -$169,7412014Revenue 2015: $7,943,417Expenses 2015: $7,970,434Net Income 2015: -$27,0172015Revenue 2016: $8,062,162Expenses 2016: $7,842,734Net Income 2016: $219,4282016Revenue 2017: $8,278,756Expenses 2017: $7,840,931Net Income 2017: $437,8252017Revenue 2018: $20,505,017Expenses 2018: $8,022,786Net Income 2018: $12,482,2312018Revenue 2019: $8,719,215Expenses 2019: $7,869,482Net Income 2019: $849,7332019Revenue 2020: $8,780,957Expenses 2020: $7,897,581Net Income 2020: $883,3762020Revenue 2021: $8,997,837Expenses 2021: $8,368,177Net Income 2021: $629,6602021Revenue 2022: $9,329,954Expenses 2022: $8,272,100Net Income 2022: $1,057,8542022Revenue 2023: $9,759,291Expenses 2023: $8,524,608Net Income 2023: $1,234,6832023Revenue 2024: $10,085,567Expenses 2024: $8,160,805Net Income 2024: $1,924,7622024

Highlighted filing

2024

Revenue$10,085,567
Expenses$8,160,805
Net Income$1,924,762
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$85,264,188
Liabilities
$74,196,757
Net assets
$11,067,431
Revenue
$10,085,567
Expenses
$8,160,805
Net income
$1,924,762
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.3$74.2$11.1$10.1$8.16$1.92
2023Detailed filing. Detailed filing data is available for this year.$84.3$75.2$9.14$9.76$8.52$1.23
2022Detailed filing. Detailed filing data is available for this year.$85.8$77.9$7.91$9.33$8.27$1.06
2021Detailed filing. Detailed filing data is available for this year.$62.5$55.7$6.85$9.00$8.37$0.63
2020Detailed filing. Detailed filing data is available for this year.$62.4$56.1$6.22$8.78$7.90$0.88
2019Detailed filing. Detailed filing data is available for this year.$61.9$56.6$5.24$8.72$7.87$0.85
2018Detailed filing. Detailed filing data is available for this year.$61.5$57.1$4.39$20.5$8.02$12.5
2017Detailed filing. Detailed filing data is available for this year.$60.5$58.3$2.24$8.28$7.84$0.44
2016Detailed filing. Detailed filing data is available for this year.$60.4$58.6$1.81$8.06$7.84$0.22
2015Detailed filing. Detailed filing data is available for this year.$63.0$61.4$1.59$7.94$7.97$0.03
2014Detailed filing. Detailed filing data is available for this year.$63.2$61.6$1.61$7.67$7.83$0.17
2013Summary only. Only limited summary data is available for this year.$63.7$62.0$1.78$7.71$7.79$0.08
2012Summary only. Only limited summary data is available for this year.$63.6$61.7$1.87$7.09$7.57$0.48
2011Summary only. Only limited summary data is available for this year.$63.9$61.6$2.34$6.93$7.39$0.46
2010Summary only. Only limited summary data is available for this year.$64.4$61.6$2.81$6.84$7.53$0.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.2
Gross Receipts
$10,085,567
Mission and Program Overview

Mission

Provision of senior and low income affordable housing to needy individuals. Corporate fund for housing is an owner of a mobile home park providing affordable housing in furtherance of its purpose to lesson the burdens of govt.

Provision of senior and low income affordable housing to needy individuals. Corporate fund for housing is an owner of a mobile home park providing affordable housing in furtherance of its purpose to lessen the burdens of govt.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,460,317$39,403,862▼ $56,455
Other Notes and Loans Receivable, Net$14,240,749$14,503,532▲ $262,783
Savings and Temporary Cash Investments$5,732,504$6,264,514▲ $532,010
Investments Program Related$2,043,522$2,101,534▲ $58,012
Cash and Non-Interest-Bearing Accounts$1,110,530$1,585,413▲ $474,883
Accounts Receivable$4,432$264,709▲ $260,277
Prepaid Expenses and Deferred Charges$76,408$0▼ $76,408
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$84,300,549$85,264,188▲ $963,639
Other Assets Total$21,632,087$21,140,624▼ $491,463
Liabilities
Tax Exempt Bond Liabilities$46,600,359$45,519,671▼ $1,080,688
Other Liabilities$27,975,261$27,787,389▼ $187,872
Accounts Payable and Accrued Expenses$569,086$862,943▲ $293,857
Mortgage Notes Payable Secured by Investment Property$13,174$26,754▲ $13,580
Total Liabilities$75,157,880$74,196,757▼ $961,123
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,906,077$14,158,817▲ $252,740
Net Assets Without Donor Restrictions$-4,763,408$-3,091,386▲ $1,672,022
Total Net Assets Fund Balance$9,142,669$11,067,431▲ $1,924,762
Total Liabilities and Net Assets / Fund Balance$84,300,549$85,264,188▲ $963,639

Asset Categories

AssetBook ValueDepreciationBasis
Land$38,377,652-$38,377,652
Leasehold Improvements$176,201$10,101,276$10,277,477
Other Land Buildings$850,009$1,340,821$2,190,830
Investment Program Related Org$2,101,534--
Other Assets Org$20,581,045--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Richard GarciaPresident
Susie PowersSecretary
Elaine WinerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Core1 Security Servicessecurity11135 SAN PABLO AVE, El Cerrito, CA 94530$208,783
US Residential Group INCProperty Management15771 ROCKFIELD BLVD SUITE 200, Irvine, CA 92618$193,704
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,424,179
Investment Income
$661,388
Other Revenue
$0
Change in Net Assets
$1,924,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,105,229
Grants and Similar Amounts Paid$32,287
Salaries, Compensation, and Employee Benefits$23,289
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,825,796--$2,825,796
Occupancy$1,092,814--$1,092,814
Fees for Services Management$308,203--$308,203
Insurance$248,659--$248,659
Other Expenses$180,612--$180,612
All Other Expenses$170,663--$170,663
Office Expenses$57,566--$57,566
Fees for Services Accounting$13,795$29,034-$42,829
Grants to Domestic Orgs$32,287--$32,287
Payroll Taxes$23,289--$23,289
Total Functional Expenses$8,131,771$29,034$0$8,160,805
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Linc Housing CorporationLong Beach, CA501(c)(3)Provide Affordable Hsg to Needy Indivs$32,287
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
Accrued Ground Lease$27,234,537
Security Deposits$304,947
Accrued Interest Payable$156,328
Prepaid Rent$91,577

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADaly City Hsg Dev Fin Agency2007-12-13$57,239,830Afford housing in daly city

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$57,239,830-$13,517,000$3,344,225

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The tax return was provided to the entire board for review prior to filing.”

Form 990, Part VI, Section C, Line 19

“Upon request, documents are copied and provided to interested parties.”

Form 990, Part VI, Line 12A - Policies

“Corporate fund for housing did not have a written conflict of interest policy in place as of the end of the tax year. The governing board intends to address adopting a policy in the future.”

Form 990, Part VI, Line 13 - Policies

“Corporate fund for housing did not have a written whistleblower policy in place as of the end of the tax year. The governing board intends to address adopting a policy in the future.”

Form 990, Part VI, Line 14 - Policies

“Corporate fund for housing did not have a written document retention and destruction policy in place as of the end of the tax year. The governing board intends to address adopting a policy in the future.”

Form 990, Part VI, Line 15B - Comp Rev

“N/a because corporate fund for housing does not have compensation.”

Filing and Contact Details

Filer

Filer Name
Corporate Fund for Housing
EIN
95-3935881
Phone
5626841100
Address
3590 ELM AVENUE, LONG BEACH, CA 90807

Signing Officer

Name
Susie Powers
Title
Secretary
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Boggeln & Company Inc
Address
215 1/2 Main Street, Huntington Beach, CA 92648
Preparer
Cheri L Boggeln
Phone
7143747434
Supplemental Narrative

Additional Explanations

Change in Fund Balance

“The tax return has been prepared to include corporate fund for housing's activities plus their investment in partnerships per their 2024 k-1s so that the partnership activity correctly reflects the organization's percentage interest in the partnerships. The schedule k-1 items of income and expense are on tax basis.”

Financial Statement Notes

Part X : FIN48 Footnote

“Part x,line 2: corporate fund for housing is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code"), and is exempt from state income taxes under the comparable state tax code, as charitable organizations whereby only unrelated income, as defined by section 512(a)(1) of the code, is subject to federal income tax. Both entities file an exempt organization return in the u.s. Federal jurisdiction and the state of california. The organization follows the accounting standard for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for finanical statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the organization for uncertain tax positions as of december 31, 2024.”

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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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IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3property mgmt office salaries
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IRS990/OtherExpensesGrp/ProgramServicesAmt2617356
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.04760
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2477184
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt320581045
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Right of Use Asset - Operating Lease
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01340821
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X,LINE 2: CORPORATE FUND FOR HOUSING IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. BOTH ENTITIES FILE AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt021140624
IRS990ScheduleD/TotalLiabilityAmt027787389
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE AFFORDABLE HSG TO NEEDY INDIVS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LINC HOUSING CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0330578620
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03590 ELM AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LONG BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090807
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEE IS REQUIRED TO DEPOSIT THE FUNDS IN A SEPARATE ACCOUNT. CORPORATE FUND FOR HOUSING'S BOARD MEMBERS MUST GIVE APPROVAL BEFORE FUNDS ARE WITHDRAWN FROM THE ACCOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST, DOCUMENTS ARE COPIED AND PROVIDED TO INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN HAS BEEN PREPARED TO INCLUDE CORPORATE FUND FOR HOUSING'S ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2024 K-1S SO THAT THE PARTNERSHIP ACTIVITY CORRECTLY REFLECTS THE ORGANIZATION'S PERCENTAGE INTEREST IN THE PARTNERSHIPS. THE SCHEDULE K-1 ITEMS OF INCOME AND EXPENSE ARE ON TAX BASIS.

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