RAMP HOUSING INC

EIN: 832191732 501(c)(3) Housing & Shelter

OAKLAND, CA

Total Revenue
$5,833,616
Total Expenses
$73,500
Total Assets
$26,209,732
Net Assets
$26,119,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
PATRICIA WELLS
Phone
5108741500
Tax Period
2024-07-01 to 2025-06-30

RAMP HOUSING INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 856% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 99% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO BENEFIT AND SUPPORT HOUSING AUTHORITY OF THE CITY OF OAKLAND, CALIFORNIA, IN ITS CHARITABLE ACTIVITIES. AMONG THESE ACTIVITIES ARE HOUSING AUTHORITY'S MULTIPLE EFFORTS TO PROVIDE HOUSING AND RELATED SERVICES TO LOW-INCOME HOUSEHOLDS.

Program Service Accomplishments

Program 1

THE ORGANIZATION SERVES AS THE SOLE MEMBER OF RHI OAK GROVES GP LLC, WHICH IN TURN SERVES AS THE GENERAL PARTNER OF OAK GROVES SENIOR HOUSING, L.P. ("OAK GROVES"). THE ORGANIZATION ALSO SERVES AS THE...

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THE ORGANIZATION SERVES AS THE SOLE MEMBER OF RHI OAK GROVES GP LLC, WHICH IN TURN SERVES AS THE GENERAL PARTNER OF OAK GROVES SENIOR HOUSING, L.P. ("OAK GROVES"). THE ORGANIZATION ALSO SERVES AS THE DEVELOPER AND GUARANTOR OF THE REHABILITATION PROJECT OAK GROVES APARTMENTS, WHICH IS UNDERTAKEN BY OAK GROVES.ON MAY 13, 2024, RHI LION CREEK LLC, WAS FORMED WHERE THE ORGANIZATION IS THE SOLE MEMBER AND MANAGER. RHI LION CREEK LLC SERVES AS THE GENERAL PARTNER OF OAKLAND COLISEUM HOUSING PARTNERS, LP AND LION WAY HOUSING PARTNERS, LP (COLLECTIVELY, THE "LION CREEK PARNTERSHIPS") THE LION CREEK PARTNERSHIPS SOLD THE LION CREEK PHASE I AND LION CREEK PHASE II TAX CREDIT PROJECTS (THE "LION CREEK PROJECTS") TO NEW LOW INCOME TAX CREDIT PARTNERSHIPS AT THE TIME OF RESYNDICATION OF THE LOW-INCOME HOUSING TAX CREDITS. ON MAY 19, 2025, THE ORGANIZATION'S BOARD OF DIRECTORS ADOPTED A RESOLUTION AUTHORIZING THE ORGANIZATION TO SERVE AS A GENERAL PARTNER OF HARRISON TOWER DEVELOPMENT PARTNERS, L.P., ALONG WITH THE JOHN STEWART COMPANY (JSCO), THAT WILL REHABILITATE HARRISON TOWER, AND TO POTENTIALLY SERVE AS A GUARANTOR OF THE PROJECT. AT CONSTRUCTION CLOSING, IT IS ANTICIPATED THAT AN AFFILIATE OF JSCO WILL SERVE AS THE ADMINISTRATIVE GENERAL PARTNER AND AN AFFILIATE OF RHI WILL SERVE AS THE MANAGING GENERAL PARTNER, AND THAT JSCO AND RHI WILL SYNDICATE THE LIMITED PARTNERSHIP INTEREST TO A TO-BE-SELECTED INVESTOR LIMITED PARTNER. IT IS ALSO ANTICIPATED THAT THE JSCO AFFILIATE, AS THE ADMINISTRATIVE GENERAL PARTNER, WILL HAVE A 0.0051% INTEREST IN THE PARTNERSHIP AND THAT THE AFFILIATE OF RHI, AS THE MANAGING GENERAL PARTNER, WILL HAVE A 0.0049% INTEREST IN THE PARTNERSHIP.ON JUNE 23, 2025, FOOTHILL FAMILY GP LLC WAS FORMED WHERE THE ORGANIZATION IS THE 60% MEMBER AND OAKLAND HOUSING INITIATIVE, INC. ("OHI") IS THE 40% MEMBER. FOOTHILL FAMILY GP LLC SERVES AS THE GENERAL PARTNER OF FOOTHILL FAMILY PRESERVATION, L.P.. THE ORGANIZATION ALSO SERVES AS THE CO-DEVELOPER, WITH OHI, JOINTLY OVERSEE THE REHABILITATION PROJECT OF FOOTHILL FAMILY PRESERVATION, L.P.. AS OF JUNE 30, 2025, THE REHABILITATION PROJECT REMAINED IN THE PRE-DEVELOPMENT STAGE.RAMP IS A SUPPORTING ORGANIZATION OF OAKLAND HOUSING AUTHORITY.

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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 $5,000,000
Program Service Revenue $0
Investment Income $653,549
Other Revenue $180,067
TOTAL REVENUE $5,833,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $73,500
TOTAL EXPENSES $73,500

Year-over-Year Comparison

2024 2023 Change
Revenue $5,833,616 $610,284 +8.6%
Expenses $73,500 $84,193 -0.1%
Net Income $5,760,116 $526,091 +9.9%
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
3
Independent Members
2
Employees
N/A
Volunteers
5

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
5
$1,076,346
Total Directors
3
$460,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNETTE JUNG-LEE DIRECTOR/PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM MAYES DIRECTOR/VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PATRICIA WELLS DIRECTOR/EXECUTIVE DIRECTO 1.00
Officer Director
$0 $78,356 $460,208
VICTOR MADAMBA TREASURER 1.00
Officer
$0 $53,628 $301,825
TOM DELOYE SECRETARY 1.00
Officer
$0 $32,504 $314,313
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 $5,833,616 $73,500 $26,209,732 $5,760,116
2024 No data No data No data No data
2023 $2,873,364 $118,033 $20,775,817 $2,755,331
2022 $7,135,625 $121,162 $17,373,279 $7,014,463
2021 $3,701 $143,851 $10,202,169 $-140,150
2020 $10,227,189 $13,308 $10,499,551 $10,213,881
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