SANTA BARBARA AFFORDABLE HOUSING GROUP

EIN: 462910301 501(c)(3) Housing & Shelter

SANTA BARBARA, CA

Total Revenue
$13,934,303
Total Expenses
$12,761,286
Total Assets
$106,111,707
Net Assets
$-9,662,499
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
ROB FREDERICKS
Phone
8058971058
Tax Period
2024-04-01 to 2025-03-31

SANTA BARBARA AFFORDABLE HOUSING GROUP, founded in 2013, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.8M left a modest 8% surplus.

Mission

MANAGE AND DEVELOP SUSTAINABLE HOUSING FOR THE POOR, DISTRESSED, AND UNDERPRIVILEDGED AND RELIEVE THE BURDENS OF GOVERNMENT BY ADDRESSING ONGOING AFFORDABLE HOUSING SHORTAGES.

Program Service Accomplishments

Program 1
Expenses: $11,704,535 Revenue: $11,739,144

THE ORGANIZATION PURCHASED PUBLIC HOUSING UNITS IN ORDER TO ASSIST IN THE DEVELOPMENT OR OPERATION OF LOW INCOME HOUSING UNITS, INCLUDING BUT NOT LIMITED TO PUBLIC HOUSING. THE ORGANIZATION OPERATES...

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THE ORGANIZATION PURCHASED PUBLIC HOUSING UNITS IN ORDER TO ASSIST IN THE DEVELOPMENT OR OPERATION OF LOW INCOME HOUSING UNITS, INCLUDING BUT NOT LIMITED TO PUBLIC HOUSING. THE ORGANIZATION OPERATES 457 UNITS DESIGNATED FOR LOW INCOME INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,891,273
Program Service Revenue $11,739,144
Investment Income $296,086
Other Revenue $7,800
TOTAL REVENUE $13,934,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,252,176
Fundraising Expenses $0
Program Expenses $11,704,535
Other Expenses $10,509,110
TOTAL EXPENSES $12,761,286

Year-over-Year Comparison

2024 2023 Change
Revenue $13,934,303 $11,690,816 +0.2%
Expenses $12,761,286 $13,080,957 0.0%
Net Income $1,173,017 $-1,390,141 -1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$394,183
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA WHEATLEY PRESIDENT 0.50
Officer Director
$0 $0 $0
LISA CARLOS VICE CHAIR 0.50
Officer Director
$0 $0 $0
DAVID ROWELL DIRECTOR 0.50
Director
$0 $0 $0
MARY FENGER DIRECTOR 0.50
Director
$0 $0 $0
STEVEN FAULSTICH DIRECTOR 0.50
Director
$0 $0 $0
MEGAN TURLEY DIRECTOR 0.50
Director
$0 $0 $0
ROB FREDERICKS CEO/EXECUTIVE DIRECTOR 2.00
Officer
$0 $88,756 $394,183
ROBERT PEIRSON CFO 2.00
$0 $0 $200,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,934,303 $12,761,286 $106,111,707 $1,173,017
2024 $11,690,816 $13,080,957 $106,170,203 $-1,390,141
2023 $11,049,538 $13,738,185 $107,563,752 $-2,688,647
2022 $10,555,389 $11,991,635 $111,093,068 $-1,436,246
2021 $9,589,311 $12,429,788 $112,295,223 $-2,840,477
2020 $10,022,531 $12,052,254 $115,327,222 $-2,029,723
2019 $9,737,610 $11,616,665 $117,369,712 $-1,879,055
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