Overview
What is Aslan Housing Foundation?
Aslan Housing Foundation is a nonprofit organization based in Redwood City, California. Their primary mission is to provide affordable housing solutions for supported ministries, such as Peninsula Covenant Church (PCC). To achieve this goal, they have sold a house in an expensive neighborhood, generating capital to fund dual equity shares in a duplex, thereby serving four pastors instead of one. The foundation has also completed construction of an Accessory Dwelling Unit (ADU), initiated construction of a Junior Accessory Dwelling Unit (JADU), and developed plans for refurbishing a three-bedroom house for PCC staff. Additionally, Aslan Housing Foundation launched a down payment assistance program for pastors and successfully completed its first deal worth $1.725 million. Their consulting program extends its services to various counties in California and Washington, aiding churches and ministries in those regions. The foundation's team comprises two dedicated individuals.
Official website here: www.aslan.org
Is Aslan Housing Foundation legitimate?
Aslan Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aslan Housing Foundation 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: $147,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,761
For more financial information, click here
Official website here: www.aslan.org
What is the mission statement of Aslan Housing Foundation?
The Aslan Housing Foundation's mission is centered around providing affordable pastoral housing for supported ministries. This includes, but is not limited to, Peninsula Covenant Church. The primary purpose of the foundation is to serve these ministries by offering affordable housing solutions. To achieve this, the foundation has taken various steps, such as selling a property in an expensive neighborhood to generate capital, planning to purchase a duplex, and assisting pastors with down payment assistance. Additionally, they have engaged in construction projects, including the completion of an Accessory Dwelling Unit (ADU) and the commencement of a Junior Accessory Dwelling Unit (JADU) construction. Furthermore, the foundation has developed plans for refurbishing a three-bedroom house for Peninsula Covenant Church staff.
Official website here: www.aslan.org
Who is the CEO of Aslan Housing Foundation?
Nicole Bergeron is the Director/Chairman of Aslan Housing Foundation. The CEO's salary of Aslan Housing Foundation is $82,448 and their total compensation is $100,683.
Official website here: www.aslan.org
What is the revenue of Aslan Housing Foundation?
Aslan Housing Foundation's revenue in 2023 was $880,058.
Official website here: www.aslan.org
Who are the executives of Aslan Housing Foundation and what are their salaries?
The average compensation at Aslan Housing Foundation during 2023 was $77,887. There are 2 employees at Aslan Housing Foundation.
Here are 8 key members and their salaries (Aslan Housing Foundation's CEO's salary is $82,448 and their total compensation is $100,683):
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- Compensation: $82,448
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- Other: $18,235
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- Other: $0
Official website here: www.aslan.org
Where can I find the form 990 for Aslan Housing Foundation?
Aslan Housing Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aslan.org
Learn more at the official website: www.aslan.org
Mission Statement of Aslan Housing Foundation
The Aslan Housing Foundation is an organization dedicated to providing affordable pastoral housing for supported ministries. Its primary purpose is to cater to the housing needs of various religious institutions, including the Peninsula Covenant Church (PCC) in Redwood City, California. The foundation's mission is to generate capital through the strategic sale of properties and invest in affordable housing solutions, such as duplexes and single-family homes. By doing so, the foundation aims to serve multiple pastors and place them in ownership positions, thereby supporting a larger number of religious communities.
In pursuit of its mission, the Aslan Housing Foundation has taken several initiatives. It has sold a large property in an expensive neighborhood, using the proceeds to finance the acquisition of a duplex and fund two equity shares. This innovative approach will enable the foundation to serve four pastors instead of just one, thereby providing more affordable housing options. Additionally, the foundation has undertaken various construction projects, including the construction of an Accessory Dwelling Unit (ADU), the development of plans for a refurbished three-bedroom house for PCC staff, and the initiation of a JADU (Junior Accessory Dwelling Unit) construction.
Furthermore, the Aslan Housing Foundation has launched a down payment assistance program for pastors, aiming to make homeownership more accessible. By offering this assistance, the foundation is helping pastors to secure their own housing and build stability in their lives. The foundation's consulting program has also extended its support to churches and ministries in various counties across California and Washington, including Seattle, San Francisco, San Mateo, Santa Clara, Orange, Marin, and Santa Cruz. Through these initiatives, the Aslan Housing Foundation is making significant strides in providing affordable pastoral housing, thereby supporting the broader mission of the religious institutions it serves.
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Impact
October, 2024
Aslan Housing Foundation has made a significant impact by addressing the critical need for affordable housing for pastors and their families. By strategically selling a large Bay Area house in a high-cost neighborhood, the foundation generated capital to expand its housing initiatives. This innovative approach enabled the purchase of a duplex, which increases the capacity to support four pastors instead of just one, while also allowing two pastors to attain ownership positions, thus fostering stability and investment in their communities.
The completion of an accessory dwelling unit (ADU) and the initiation of a junior accessory dwelling unit (JADU) showcase its commitment to maximizing housing options. Moreover, plans for refurbishing a three-bedroom house for Peninsula Covenant Church staff further enhance its housing portfolio.
The launch of a down payment assistance program specifically tailored for pastors represents a vital step in making homeownership more accessible. Successfully closing the first transaction at $1.725 million highlights the foundation's effectiveness in facilitating opportunities for pastoral families.
Additionally, Aslan Housing Foundation's consulting services have reached various churches and ministries across multiple counties in California and Seattle, WA. This outreach not only supports individual families but also strengthens the broader community by ensuring that pastoral staff have the appropriate living conditions to thrive in their roles. The foundation's holistic approach to housing support ultimately fosters a more sustainable and empowered network of ministries.
This information is meant to be a general summary of Aslan Housing Foundation. 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 2023.
- Investment Income: $801,862
- Program Service Revenue: $14,857
- Gross Receipts: $3,173,375
Assets and Liabilities:
- Total Assets: $6,913,129
- Total Liabilities: $1,637,561
- Net Assets: $5,275,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING INCOME
Revenue
$10,516
DPA PROGRAM REVENUE
Revenue
$2,655
RENTAL PROPERTY MGMT-PROGRAM RELA
Revenue
$1,686
Organization Details
Founding Year
2018
Phone
(650) 569-0909Principal Officer
Nicole Bergeron
Main Address
3560 FARM HILL BLVD, REDWOOD CITY, CA, 94061
Website
www.aslan.orgNTEE Category
Code: X19 - Religion related
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