Mission
PROVIDE HOUSING FOR LOW INCOME, INDIVIDUALS, FAMILIES, ELDERLY, AND DISABLED PERSONS.
Public Charity
SURF DEVELOPMENT COMPANY INC
Based in LOMPOC, CA, SURF DEVELOPMENT COMPANY INC operates as a Public Charity. The organization reported $1.9M in revenue, $1.9M in expenses, $11.3M in total assets for fiscal year 2025. Imperigo tracks 5 reported grants from this foundation totaling approximately $206K.
EIN: 770201747
LOMPOC, CA
Latest filing: 2025
Total Revenue$1.9M
Total Expenses$1.9M
Total Assets$11.3M
Grants Given5
Grant Total$206K
Filing Years2021–2025
Where $100 goes at Surf Development Company Inc
How Surf Development Company Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$68
Programs
the work itself
$32
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $68 for programs
$68
Provide housing for low income families and elderly and handicapped persons who cannot afford decent, safe, and sanitary housing
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
Homebase on G
Broadband Internet Install
$83,850
Lompoc Terrace Apartments
Broadband Internet Install
$42,000
Aparicio Apartments LP
Broadband Internet Install
$37,800
Stanley Horn Homes
Broadband Internet Install
$34,925
Vintage Walk
Broadband Internet Install
$7,650
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
Director
Dinah Lockhart
Vice President
Glenn Bacheller
CFO
Irene Melton
Senior Project Man
Larry K Deese
Officer
Leticia Leon
Director
Lourdes Espinoza
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.9M | $1.9M | $11.3M |
| 2024 | $2.5M | $1.9M | $11.0M |
| 2023 | $2.5M | $1.6M | $9.1M |
| 2022 | $1.1M | $1.4M | $7.5M |
| 2021 | $1.5M | $1.4M | $6.6M |
Between 2021 and 2025, reported annual revenue grew from $1.5M to $1.9M (+31%), with total assets most recently reported at $11.3M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CA.
CA
Full geographic grant map with state-by-state breakdown available with membership.