Overview
What is Satellite Aha Development Inc?
Satellite Aha Development Inc is a nonprofit organization situated in Berkeley, California. Its primary mission is to support and aid Satellite Affordable Housing Associates in providing affordable housing for low-income individuals. This is accomplished through two main methods: directly owning and operating low-income housing projects or serving as a general partner in partnerships that do the same. The organization acts as a catalyst, investing in and managing these projects to ensure that affordable housing remains available for those in need.
Is Satellite Aha Development Inc legitimate?
Satellite Aha Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite Aha Development Inc 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: $633,809
For more financial information, click here
What is the mission statement of Satellite Aha Development Inc?
Satellite Aha Development Inc's mission is centered around supporting and aiding Satellite Affordable Housing Associates in fulfilling their purpose. This support is primarily achieved through two means: firstly, providing affordable housing options for low-income individuals, and secondly, serving as a general partner in limited partnerships that own and manage such housing projects. The corporation actively participates in various partnerships, limited liability companies, and a majority-owned corporation, all of which share the common goal of offering affordable housing solutions for low-income populations.
Who is the CEO of Satellite Aha Development Inc?
Susan Friedland is the Ceo of Satellite Aha Development Inc. The CEO's salary of Satellite Aha Development Inc is $0 and their total compensation is $356,101.
What is the revenue of Satellite Aha Development Inc?
Satellite Aha Development Inc's revenue in 2022 was $5,754,595.
Who are the executives of Satellite Aha Development Inc and what are their salaries?
Here are 5 key members and their salaries (Satellite Aha Development Inc's CEO's salary is $0 and their total compensation is $356,101):
- Compensation: $0
- Related: $324,750
- Other: $31,351
- Compensation: $0
- Related: $80,817
- Other: $8,006
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Satellite Aha Development Inc?
Satellite Aha Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Satellite Aha Development Inc
Satellite Aha Development Inc is committed to supporting and aiding Satellite Affordable Housing Associates in fulfilling their objectives. This is achieved through two primary means: firstly, by providing affordable housing for individuals with low income, and secondly, by serving as a general partner in limited partnerships that own and operate housing for low-income individuals. In essence, Satellite Aha Development Inc plays a crucial role in expanding the availability of affordable housing for those who require it most.
The corporation accomplishes this mission by participating in various limited partnerships, becoming a member or sole owner in various limited liability companies, and serving as a majority owner in one C corporation. These organizations either own and operate low-income housing projects or act as a general partner to an organization that manages a low-income housing project. This multifaceted approach allows Satellite Aha Development Inc to significantly contribute to the provision of affordable housing, thereby enhancing the living conditions of many individuals.
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Impact
October, 2024
Satellite Aha Development Inc significantly impacts the affordable housing landscape by providing essential support to Satellite Affordable Housing Associates. The organization is instrumental in creating and maintaining access to affordable housing for low-income individuals and families, addressing a critical need in communities.
By acting as a general partner in various limited partnerships and owning stakes in multiple limited liability companies and a C corporation, Satellite Aha Development Inc facilitates the development and management of low-income housing projects. This structure allows for efficient operation and effective resource allocation, ensuring that affordable housing remains available to those who need it most.
Through its efforts, the organization not only contributes to the stability and well-being of low-income residents but also fosters community development and economic diversity. Its commitment to providing affordable housing plays a vital role in alleviating housing insecurity and promoting inclusivity within the Berkeley, CA area and beyond.
This information is meant to be a general summary of Satellite Aha Development Inc. 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: $16,167
- Program Service Revenue: $1,456,146
- Gross Receipts: $5,754,595
Assets and Liabilities:
- Total Assets: $18,174,701
- Total Liabilities: $81,774,952
- Net Assets: -$63,600,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$199,210
ASSET MANAGEMENT FEES
Revenue
$129,407
PS MANAGEMENT FEES
Revenue
$486,193
RENTAL HOUSING REVENUE
Revenue
$614,734
TAX CREDIT COMPLIANCE FEE
Revenue
$26,602
Organization Details
Founding Year
1996
Phone
(510) 647-0700Principal Officer
Susan Friedland
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
NTEE Category
Code: L80Z - Housing
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