CENTURY HOUSING CORPORATION Charity Report

Public IRS 990 nonprofit record

CENTURY HOUSING CORPORATION

EIN 95-4540326 · Housing & Shelter (L200)

What they do

CENTURY HOUSING and ITS CONTROLLED AFFILIATES PROVIDE CERTAIN BUSINESS ACTIVITIES and SERVICE PROGRAMS to COMMUNITIES WITHIN THE STATE of CALIFORNIA. THE FOLLOWING ARE THE SIGNIFICANT ACTIVITIES:AFFORDABLE HOUSING FINANCING - CENTURY HOUSING OPERATES PRIMARILY AS A LENDER to DEVELOPERS, BUILDERS and OTHER NONPROFIT ENTITIES to PROVIDE and MAINTAIN AFFORDABLE HOMES.AFFORDABLE HOUSING DEVELOPMENT and MANAGEMENT - CENTURY AFFORDABLE DEVELOPMENT INC. ("CADI") ENGAGES IN THE DEVELOPMENT, PRESERVATION and LEASING of AFFORDABLE HOUSING. CENTURY VILLAGES AT CABRILLO INC. ("CVC") ENGAGES IN PROPERTY MANAGEMENT and THE PROVISION of SOCIAL SERVICES for LOW-INCOME RESIDENTS of CADI OWNED or SUBSIDIZED REAL PROPERTIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

56.70%of revenue went to mission work94.2% of expenses · Program services

$60.16spent for every $100 of revenueRevenue covered expenses this year.

3.46%of revenue went to management and office costs5.8% of expenses

$24.99in assets for every $1 spent this yearSome assets cannot be spent right away.

0.4%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $627,403 for RONALD GRIFFITH (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$46,935,654

Mission workProgram services$26,612,79856.70% of revenue94.2% of expenses

ManagementOffice and general costs$1,624,0833.46% of revenue5.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$18,698,77339.84% of revenueShown in gray on the chart

Total expenses$28,236,88160.16% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 60.16% of revenue

2023Expense mix: 96.6% mission · 3.4% management · 0.0% fundraisingTotal expenses: 71.40% of revenue

2022Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 47.14% of revenue

2021Expense mix: 94.0% mission · 6.0% management · 0.0% fundraisingTotal expenses: 46.59% of revenue

2020Expense mix: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 41.28% of revenue

2019Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 49.64% of revenue

2018Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 48.22% of revenue

2017Expense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 47.65% of revenue

Money in and money out

Revenue$46,935,654

Expenses$28,236,881

Annual surplus $18,698,773 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$26,612,798 · 94.2% of expenses

Management and office costs$1,624,083 · 5.8% of expenses

See all reported dollar amounts

Revenue$46,935,654

Expenses$28,236,881

Assets$705,651,112

Income$46,935,654

Contributions$200,000

Mission work (program services)$26,612,798

Grants given$832,000

Average grant$19,349

Management and general$1,624,083

Executive compensation (total)$4,169,287

Stocks and bonds$179,667,373

Accounting fees$108,400

Investing fees$164,654

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RONALD GRIFFITHPRESIDENT & CEO · 20 hrs/week $627,403Base $567,477 · Other $59,926

ALAN R HOFFMANSENIOR VP AND CFO · 35 hrs/week $547,965Base $480,782 · Other $67,183

BRIAN NICHOLAS DANDREASENIOR VICE PRESIDENT · 5 hrs/week $492,782Base $424,860 · Other $67,922

JOSHUA DAVID HAMILTONSENIOR VICE PRESIDENT, LENDING · 40 hrs/week $471,703Base $408,790 · Other $62,913

ROSA MENARTSENIOR VICE PRESIDENT, FINANCE & TREASURY · 40 hrs/week $436,663Base $391,590 · Other $45,073

NICHOLAS G FRIENDVICE PRESIDENT, LENDING · 40 hrs/week $350,411Base $295,382 · Other $55,029

FERN HENDRICKSONVICE PRESIDENT, HUMAN RESOURCES · 20 hrs/week $305,150Base $247,107 · Other $58,043

KAREN RENE DAVISVICE PRESIDENT, LOAN OFFICER · 40 hrs/week $288,433Base $236,111 · Other $52,322

KAREN BENNETT-GREENVICE PRESIDENT, LOAN ADMINISTRATION · 40 hrs/week $275,980Base $227,018 · Other $48,962

TRACY L POWELLVICE PRESIDENT, CONSTRUCTION LENDING · 40 hrs/week $272,649Base $223,895 · Other $48,754

MABEL HERNANDEZASSISTANT VICE PRESIDENT, $240,760Base $193,086 · Other $47,674

BEULAH KUASSISTANT SECRETARY · 35 hrs/week $228,482Base $205,566 · Other $22,916

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

RONALD GRIFFITHPRESIDENT & CEO

ALAN R HOFFMANSENIOR VP AND CFO

BRIAN NICHOLAS DANDREASENIOR VICE PRESIDENT

JOSHUA DAVID HAMILTONSENIOR VICE PRESIDENT, LENDING

ROSA MENARTSENIOR VICE PRESIDENT, FINANCE & TREASURY

NICHOLAS G FRIENDVICE PRESIDENT, LENDING

FERN HENDRICKSONVICE PRESIDENT, HUMAN RESOURCES

KAREN RENE DAVISVICE PRESIDENT, LOAN OFFICER

KAREN BENNETT-GREENVICE PRESIDENT, LOAN ADMINISTRATION

TRACY L POWELLVICE PRESIDENT, CONSTRUCTION LENDING

MABEL HERNANDEZASSISTANT VICE PRESIDENT,

BEULAH KUASSISTANT SECRETARY

DANIEL LOPEZACTING PRESIDENT & CEO

LOUISE OLIVERDIRECTOR

KRISTINA OLSONCHAIR, DIRECTOR

GREGORY ROBINSONSECRETARY, DIRECTOR

DARROCH F YOUNGDIRECTOR

CHRISTOPHER CAMERONDIRECTOR

STEVEN R LEWISVICE CHAIR, DIRECTOR

CARRIE HAWKINSDIRECTOR

YVONNE BURKEDIRECTOR

JOHN CHIANGDIRECTOR

About this charity

Recognized since: January 1996
Location: 1000 CORPORATE POINTE STE 200, CULVER CITY, CA 90230-7690
County: Los Angeles
In care of: WILLIAM WONG
Primary officer: WILLIAM WONG, CFO

How to reach them

WebsiteVisit the charity’s website Phone(310) 642-2000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: NOVOGRADAC & COMPANY LLP
NTEE classification: Housing & Shelter (L200)
IRS tax category: Other Community Housing Services
Grant-giving organization: Yes