Satellite Affordable Housing Associates Property Management
Nonprofit profile at a glance
- EIN
- 943031375
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Berkeley, CA, USA
- Phone
- 5106470700
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,738,325
- Expenses
- $7,988,871
- Assets
- $2,646,419
- Liabilities
- $5,128,295
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Thomas Earley (COO & President of SAHA PM)
Highest reported compensation
- Thomas Earley (COO & President of SAHA PM): $427,332 total reported compensation
- Jose Sanchez (CFO): $264,860 total reported compensation
- Javier Munoz Jr (Facilities Director): $176,826 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
To manage and operate affordable housing projects for low- and moderate-income elderly persons. The organization also provides resident services for the projects.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 8
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.7%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -68.6%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 1.94; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: -0% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.5M in reported program spending
- Leadership: top reported pay $427K · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.