Public Charity

ISLAND CITY DEVELOPMENT

ISLAND CITY DEVELOPMENT, of ALAMEDA, CA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $4.6M in revenue, $372K in expenses, $15.0M in total assets.

EIN: 472164827 ALAMEDA, CA Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$4.6M
Total Expenses$372K
Total Assets$15.0M
Grant Records0
Filing Years2019–2024

Mission

LOW-INCOME HOUSING. THE CORPORATION WAS FORMED IN 2014 PRIMARILY TO ENGAGE IN ACQUIRING, PROVIDING, DEVELOPING, LEASING, FINANCING, REHABILITATING, OWNING AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE CITY OF ALAMEDA, CALIFORNIA.

Where $100 goes at Island City Development

How Island City Development divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$12 Programs the work itself
$88 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 $12 for programs

$2
Littlejohn commons
About 13% (cost not reported)
$2
Everett commons
About 13% (cost not reported)
$2
Rosefield village
About 13% (cost not reported) · Reported in the filing: 92 units of affordable

Plus 5 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SECRETARY/TREASURER Alicia Southern
VICE PRESIDENT Carly Grob
PRESIDENT Vanessa Cooper

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $4.6M $372K $15.0M
2023 $2.3M $348K $12.0M
2022 $2.0M $233K $9.6M
2020 $1.3M $150K $3.7M
2019 $295K $157K $4.1M

Between 2019 and 2024, reported annual revenue grew from $295K to $4.6M (+1467%), with total assets most recently reported at $15.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ISLAND CITY DEVELOPMENT

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