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Abode Communities

Los Angeles, CA · EIN 95-6377511 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Abode Communities reported $21.7 million in revenue and $22.6 million in expenses for calendar year 2024. Of every $100 it spent, $91.39 went to program services, $6.46 to management and general costs and $2.15 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.9% of the total. Government grants made up 13.2%. The highest compensation it reported for one person was $404,158 (PRESIDENT & CEO). 31 people received more than $100,000 in reportable compensation. Revenue rose 54% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
91.4%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
6.5%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
2.1%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.12$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
19.0%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
13.2%1.0%
Program service revenue share
Part VIII 2g ÷ 12
71.9%66.2%
Highest reported compensation
Part VII-A, columns D–F
$404,158$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.79%1.57%
People paid over $100,000
Part VII, line 2
315
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
13.910.0
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$8.0M expenses · 39.0% of program spending · grants $33,935 · revenue $4.9M

Affordable housing management

$3.6M expenses · 17.3% of program spending · revenue $4.0M

Affordable housing design and architectural services

$2.5M expenses · 12.2% of program spending · revenue $5.8M

Affordable housing development

$6.5M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Officer, 40.60 hrs/week
$374,469$0$29,689$404,158
EXECUTIVE VP & CFO
Officer, 40.60 hrs/week
$275,712$0$25,329$301,041
EXECUTIVE VP & CHIEF PEOPLE & ADMIN. OFFICER
Officer, 42.20 hrs/week
$254,562$0$24,549$279,111
SENIOR VICE PRESIDENT
Highest compensated employee, 43.00 hrs/week
$232,712$0$23,190$255,902
SENIOR VICE PRESIDENT
Officer, 42.20 hrs/week
$224,032$0$23,570$247,602
PRINCIPAL ARCHITECT
Highest compensated employee, 43.00 hrs/week
$194,308$0$34,329$228,637
SENIOR VICE PRESIDENT
Highest compensated employee, 43.00 hrs/week
$219,300$0$9,071$228,371
SENIOR VICE PRESIDENT
Highest compensated employee, 43.00 hrs/week
$186,764$0$18,345$205,109

31 people received more than $100,000 in reportable compensation from Abode Communities (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$22M$23M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$22M$23M91.4%$26M$404,158
2023 ⓘ$21M$16M87.9%$33M$387,563
2022 ⓘ$33M$19M88.2%$37M$342,090
2021 ⓘ$18M$17M89.7%$24M$350,589
2020 ⓘ$14M$16M90.2%$22M$352,505
2019 ⓘ$14M$14M88.6%$23M$334,500

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5231
  • Volunteers Part I, line 615

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
BLEND AEC SOLUTIONS GROUP LLC
Architectural design consulting services
$390,603
COHNREZNICK
Audit/tax services
$233,289
FISHER AND PHILLIPS LLP
Legal services
$132,532

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

5 private foundations reported grants to Abode Communities totaling $396K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Abode Communities's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Abode Communities, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in California

Questions people ask

How much of Abode Communities's spending goes to programs?

In calendar year 2024, Abode Communities reported that 91.4% of its $22.6 million in expenses went to program services, 6.5% to management and general and 2.1% to fundraising (Form 990, Part IX).

How much does Abode Communities pay its top executive?

The largest total compensation Abode Communities reported for one person in calendar year 2024 was $404,158, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Abode Communities get its money?

Of $21.7 million in revenue in calendar year 2024, 19.0% came from contributions and grants (including 13.2% from government grants) and 71.9% from program service revenue (Form 990, Part VIII).

Is Abode Communities a registered charity?

The IRS lists EIN 95-6377511 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523199349301012 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202530159349300303 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313199349320931 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213199349308611 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143199349317474 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003179349309615 · read the filing

All filings for EIN 95-6377511: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.