ASLAN HOUSING FOUNDATION

EIN: 830913511 501(c)(3) Religion

REDWOOD CITY, CA

Total Revenue
$556,469
Total Expenses
$299,888
Total Assets
$11,639,478
Net Assets
$5,895,293
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
NICOLE BERGERON
Phone
6505690909
Tax Period
2024-06-01 to 2025-05-31

ASLAN HOUSING FOUNDATION, founded in 2018, is a small nonprofit in the Religion sector that reported $556K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $257K, a strong 46% operating margin.

Mission

THE PURPOSE OF THE ASLAN HOUSING FOUNDATION IS TO PROVIDE AFFORDABLE PASTORAL HOUSING TO THE SUPPORTED MINISTRIES, INCLUDING PENINSULA COVENANT CHURCH, REDWOOD CITY, CA. ASLAN IS EXPANDING TO INCLUDE MORE CHURCHES AND MINISTRY ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $105,072 Revenue: $51,850

DOWN PAYMENT ASSISTANCE (DPA) PROGRAMPROVIDED SHARED-EQUITY DOWN PAYMENT ASSISTANCE FOR STAFF OF SUPPORTED ORGANIZATIONS AND A GROWING NUMBER OF CHURCHES AND MINISTRY ORGANIZATIONS. CLOSED...

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DOWN PAYMENT ASSISTANCE (DPA) PROGRAMPROVIDED SHARED-EQUITY DOWN PAYMENT ASSISTANCE FOR STAFF OF SUPPORTED ORGANIZATIONS AND A GROWING NUMBER OF CHURCHES AND MINISTRY ORGANIZATIONS. CLOSED TRANSACTIONS FOR A CURRENT SUPPORTED-ORGANIZATION PASTOR (FUNDED THROUGH EXISTING "FBO" DONOR-DESIGNATED FUNDS), A FORMER PRESCHOOL TEACHER (FUNDED THROUGH NEW MEMBER INVESTMENTS), A MINISTRY LEADER AT TRANSFORMING THE BAY WITH CHRIST, AND OTHER MINISTRY RECIPIENTS. COORDINATED WITH INVESTORS, LENDERS, AND REAL ESTATE PROFESSIONALS TO COMPLETE THESE TRANSACTIONS AND CREATED INDIVIDUALIZED HOUSING PATHWAYS.

Program 2
Expenses: $52,536 Revenue: $13,250

HOUSING PROGRAM FOR SUPPORTED ORGANIZATIONSMANAGED BELOW-MARKET RENTAL HOUSING FOR STAFF OF SUPPORTED ORGANIZATIONS, INCLUDING OVERSIGHT OF MULTIPLE DEBT-FREE UNITS, TENANT PLACEMENT, AND RENT...

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HOUSING PROGRAM FOR SUPPORTED ORGANIZATIONSMANAGED BELOW-MARKET RENTAL HOUSING FOR STAFF OF SUPPORTED ORGANIZATIONS, INCLUDING OVERSIGHT OF MULTIPLE DEBT-FREE UNITS, TENANT PLACEMENT, AND RENT MODELING. PROVIDED PRO BONO SUPPORT TO HOUSING COMMITTEES AND HR TEAMS, INCLUDING ANALYSIS AND PROCESSING OF MINISTERIAL HOUSING ALLOWANCES AND DEVELOPMENT OF RENT TABLES FOR ON- AND OFF-CAMPUS HOUSING. MAINTAINED PROPERTY OPERATIONS TO ENSURE STABILITY AND AFFORDABILITY FOR STAFF.

Program 3
Expenses: $52,536 Revenue: $74,430

CONSULTING AND MARKETPLACEDELIVERED CONSULTING SERVICES TO LOCAL CHURCHES AND CHRISTIAN NONPROFITS, INCLUDING SUPPORTED ORGANIZATIONS, ON HOUSING POLICY, PROPERTY STRATEGY, AND MINISTRY STAFF HOUSING...

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CONSULTING AND MARKETPLACEDELIVERED CONSULTING SERVICES TO LOCAL CHURCHES AND CHRISTIAN NONPROFITS, INCLUDING SUPPORTED ORGANIZATIONS, ON HOUSING POLICY, PROPERTY STRATEGY, AND MINISTRY STAFF HOUSING SOLUTIONS. EXPANDED OUR REACH BY WORKING WITH A SUPPORTED-ORGANIZATION CONGREGATION IN WASHINGTON STATE. MANAGED THE ASLAN MARKETPLACE TO CONNECT PROPERTY OWNERS WITH MINISTRY STAFF SEEKING BELOW-MARKET HOUSING, FOSTERING COLLABORATION AND RESOURCE SHARING.

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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 $338,705
Program Service Revenue $150,935
Investment Income $78,234
Other Revenue $-11,405
TOTAL REVENUE $556,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $192,784
Fundraising Expenses $12,521
Program Expenses $210,144
Other Expenses $107,104
TOTAL EXPENSES $299,888

Year-over-Year Comparison

2024 2023 Change
Revenue $556,469 $621,249 -0.1%
Expenses $299,888 $256,266 +0.2%
Net Income $256,581 $364,983 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
2
Volunteers
N/A

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
4
$159,422
Total Directors
7
$159,422
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT ARMIENTI CHAIRMAN 3.00
Officer Director
$0 $0 $0
NICOLE BERGERON PRESIDENT/CEO 40.00
Officer Director
$1 $159,421 $159,422
SCOTT TYNDALL TREASURER 3.00
Officer Director
$0 $0 $0
DIANE ELIA SECRETARY 1.00
Officer Director
$0 $0 $0
JANET CHUANG DIRECTOR 3.00
Director
$0 $0 $0
BRAD CIRAULO DIRECTOR 0.50
Director
$0 $0 $0
GREG LUNDELL DIRECTOR 0.50
Director
$0 $0 $0
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 $556,469 $299,888 $11,639,478 $256,581
2024 $621,249 $256,266 $9,109,876 $364,983
2023 $880,058 $225,446 $6,913,129 $654,612
2022 $182,383 $211,296 $5,696,963 $-28,913
2021 $481,325 $257,487 $5,479,670 $223,838
2020 $4,097,600 $194,127 $4,433,079 $3,903,473
2019 $802,345 $280,859 $523,759 $521,486
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