Satellite Affordable Housing Associates Property Management

EIN: 943031375 501(c)(3)

Berkeley, CA

Total Revenue
$4,381,760
Total Expenses
$6,540,289
Total Assets
$2,271,633
Net Assets
$768,670
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
CA
Principal Officer
RAULY BUTLER
Phone
5106470700
Tax Period
2023-07-01 to 2024-06-30

Satellite Affordable Housing Associates Property Management, founded in 1966, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO BENEFIT AND SUPPORT SATELLITE AFFORDABLE HOUSING ASSOCIATES IN CARRYING OUT ITS PURPOSES BY PROVIDING MANAGEMENT AND RELATED SERVICES TO ITS AFFILIATES, ALL OF WHICH ARE CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATIONS ORGANIZED TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE-INCOME ELDERLY PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,381,752
Investment Income $8
Other Revenue $0
TOTAL REVENUE $4,381,760

Expense Breakdown

Grants Paid $531,539
Salaries & Benefits $4,805,784
Fundraising Expenses $0
Program Expenses $5,976,050
Other Expenses $1,202,966
TOTAL EXPENSES $6,540,289

Year-over-Year Comparison

2023 2022 Change
Revenue $4,381,760 $5,864,385 -0.3%
Expenses $6,540,289 $5,623,052 +0.2%
Net Income $-2,158,529 $241,333 -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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Governance

Voting Members
14
Independent Members
14
Employees
171
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
6
$627,609
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM EARLY President 1.00
Officer
$35,700 $33,792 $382,357
JOSE SANCHEZ VP OF FINANCE 1.00
Officer
$0 $41,111 $245,252
ANGELA CAVANAUGH VP OF PROP MGMT 40.00
$183,642 $25,774 $209,416
SEHERZADA REDZIC REGIONAL PPTY DIR 40.00
$128,721 $16,355 $145,076
DANIEL PONCE REGIONAL PPTY DIR 40.00
$130,230 $12,181 $142,411
JAVIER MUNOZ JR FACILITIES DIRECTR 40.00
$124,232 $16,040 $140,272
ZUZA CASTANEDA PPTY SUPERVISOR 40.00
$112,224 $21,137 $133,361
RAULY BUTLER CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SMITHA SESHADRI VICE CHAIR 1.00
Officer Director
$0 $0 $0
FRANCINE WILLIAMS Secretary 1.00
Officer Director
$0 $0 $0
SCOTT SMITH Treasurer 1.00
Officer Director
$0 $0 $0
ANTHONY BARRON MEMBER 1.00
Director
$0 $0 $0
GREG CHIN MEMBER 1.00
Director
$0 $0 $0
SAGE B FOSTER MEMBER 1.00
Director
$0 $0 $0
DAVID GREENSFELDER MEMBER 1.00
Director
$0 $0 $0
MIKE JACOB MEMBER 1.00
Director
$0 $0 $0
KAREN JACOBS MEMBER 1.00
Director
$0 $0 $0
JOY MOORE MEMBER 1.00
Director
$0 $0 $0
JAMES REILLY MEMBER 1.00
Director
$0 $0 $0
RON RIDLEY MEMBER 1.00
Director
$0 $0 $0
JACEE SANTOS MEMBER 1.00
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 No data No data No data No data
2024 $4,381,760 $6,540,289 $2,271,633 $-2,158,529
2023 $5,864,385 $5,623,052 $3,160,565 $241,333
2022 $7,479,132 $7,023,865 $2,977,079 $455,267
2021 $5,917,520 $5,909,766 $2,557,098 $7,754
2020 $5,378,846 $5,340,430 $3,127,934 $38,416
2019 $5,346,406 $4,890,954 $2,300,854 $455,452
2018 $3,448,742 $3,658,933 $1,931,724 $-210,191
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