UB of C & J 925 Housing Sponsorship Corporation

Nonprofit profile at a glance

EIN
850212597
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
Oakland, CA, USA
Phone
5105684788
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Labor Unions

Reported finances

Revenue
$928,115
Expenses
$46,687
Assets
$29,634,924
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • Pabla Sanchez (President (Until July 2024))
  • John Belperio (President (Beg Aug 2024))
  • Doug Chesshire (Vice President (Until July 2024))
  • Chris Pedroza (Vice President (Beg Aug 2024))

Highest reported compensation

  • Jay Bradshaw (Secretary/Treasurer (Beg Aug 2024)): $481,438 total reported compensation
  • John Belperio (President (Beg Aug 2024)): $327,199 total reported compensation
  • Jacob Adiarte (Director (Beg Aug 2024)): $322,199 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The specific and primary purposes are to provide, on a non-profit basis, housing for low and moderate income families and individuals who are elderly, handicapped, displaced from urban renewal areas, or as a result of governmental action, victims of natural disasters, or occupants of substandard housing, where no adequate housing exists for such groups, pursuant to the National Housing Act, as amended.

What it reported doing in 2024

Legal title to all assets are held by the United Brotherhood of Carpenters and Joiners of America, Local 925, Housing Sponsorship Corporation, a nonprofit corporation (the organization). The organization holds a note receivable, among other assets, in connection with the sale of real estate property to Gabilan Plaza 3 LP, a related partnership, the interest proceeds of which benefit the United Brotherhood of Carpenters and Joiners of America, Local 925. The organization makes efforts to provide housing for low and moderate income families and individuals who are elderly, handicapped, displaced from urban renewal areas, or as a result of further issues. The related corporation, Gabilan III Housing Sponsorship LLC, a wholly owned subsidiary of the organization, receives rental income earned by the real estate held at Gabilan Plaza 3, LP.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 11
  • Transparency & Controls: 60
  • Accountability: 82
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.8%; rating input score 1
  • Program expense ratio: 30.9%; rating input score 31
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 95%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 634.76; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 1,228.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 0.8% of revenue deployed · 30.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $481K · 21 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 31/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.