Overview
What is Island City Development?
Island City Development is a nonprofit corporation, established in 2014, primarily focused on providing affordable housing for low and moderate-income individuals and families in Alameda, California. They have successfully completed and leased the LittleJohn Commons project, a 31-unit senior rental project, which offers affordable housing for low and very low-income seniors. The organization's mission involves acquiring, developing, rehabilitating, owning, and managing affordable housing units in the city.
Official website here: www.islandcitydevelopment.org
Is Island City Development legitimate?
Island City Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island City Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.islandcitydevelopment.org
What is the mission statement of Island City Development?
Island City Development, established in 2014, primarily focuses on providing affordable housing for low and moderate-income individuals and families. The corporation's mission involves acquiring, developing, rehabilitating, owning, and managing such housing projects. Their aim is to address the housing needs of these income groups, contributing to a more equitable living environment.
One of their projects, LittleJohn Commons, is a senior rental project in Alameda, California, comprising 31 units, providing affordable housing for low and very low-income seniors. Completed in 2018, the project was fully leased by the end of August that year.
In summary, Island City Development is dedicated to addressing the housing needs of low and moderate-income individuals and families, with a particular focus on seniors, by acquiring, developing, and managing affordable housing projects.
Official website here: www.islandcitydevelopment.org
Who is the CEO of Island City Development?
Vanessa Cooper is the President of Island City Development.
Official website here: www.islandcitydevelopment.org
What is the revenue of Island City Development?
Island City Development's revenue in 2022 was $1,974,565.
Official website here: www.islandcitydevelopment.org
Who are the executives of Island City Development and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $325,865
- Other: $41,213
- Compensation: $0
- Related: $212,928
- Other: $24,459
- Compensation: $0
- Related: $400
- Other: $0
Official website here: www.islandcitydevelopment.org
Where can I find the form 990 for Island City Development?
Island City Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.islandcitydevelopment.org
Learn more at the official website: www.islandcitydevelopment.org
Mission Statement of Island City Development
Island City Development, established in 2014, primarily focuses on engaging in the acquisition, development, rehabilitation, ownership, and management of affordable housing for low and moderate-income individuals and families. The organization's mission is centered around providing affordable housing solutions, aiming to make a difference in the lives of those in need.
One of Island City Development's notable projects is LittleJohn Commons, formerly known as Del Monte Senior Housing Project. This 31-unit senior rental project, completed in August 2018, offers affordable housing for low and very low-income seniors. The project, located in an unspecified city, was fully leased by August 30, 2018, demonstrating the organization's success in providing much-needed housing solutions. Island City Development's mission is to contribute to the betterment of communities by ensuring that everyone has access to decent and affordable housing, irrespective of their income level.
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Impact
October, 2024
Island City Development significantly impacts the community by addressing the critical need for affordable housing, particularly for low-income and very low-income seniors. The completion of the Littlejohn Commons project, a 31-unit senior rental facility in Alameda, California, demonstrates this commitment. With 30 one-bedroom units and a two-bedroom manager's unit, the project not only provides safe and affordable living options for seniors but also fosters a sense of community.
Achieving 100% occupancy within a month of completion highlights the strong demand for such housing options. By focusing on affordable housing solutions, Island City Development enhances the quality of life for vulnerable populations, allowing seniors to live independently while remaining within their community. This initiative contributes to economic stability and social well-being, making it a vital asset for the city of Alameda.
This information is meant to be a general summary of Island City Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,060
- Program Service Revenue: $1,969,828
- Gross Receipts: $1,974,565
Assets and Liabilities:
- Total Assets: $9,569,908
- Total Liabilities: $7,950,940
- Net Assets: $1,618,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE REVENUE
Revenue
$1,932,307
PARTNER MANAGEMENT FEES
Revenue
$37,521
Organization Details
Founding Year
2014
Phone
(510) 747-4300Principal Officer
Vanessa Cooper
Main Address
701 ATLANTIC AVENUE, ALAMEDA, CA, 94501
NTEE Category
Code: L21 - Housing
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