Overview
What is North Bay Housing Coalition?
The North Bay Housing Coalition is a nonprofit organization based in Fairfield, California. Established in 2004, its primary mission is to enhance affordable housing opportunities for individuals with developmental disabilities and their families. One of their significant initiatives is the Golden State Pooled Trust (GSPT), which has grown to serve over 500 beneficiaries with a trust corpus of $22,271,252 as of December 31, 2021. The GSPT ensures the preservation of government benefits such as SSI, Medi-Cal, and In-Home Support Services for beneficiaries who receive unexpected funds, require ongoing care, or face rapid depletion of funds due to medical expenses. By managing pooled special needs trusts, the North Bay Housing Coalition plays a crucial role in balancing the necessity of maintaining public benefits and the restrictions inherent in such trusts. Their dedicated team of trustees and advisors helps minimize the burdens of these restrictions.
Official website here: www.northbayhousingcoalition.org
Is North Bay Housing Coalition legitimate?
North Bay Housing Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Bay Housing Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $78,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.northbayhousingcoalition.org
What is the mission statement of North Bay Housing Coalition?
The North Bay Housing Coalition's mission is centered around providing affordable housing for individuals with developmental disabilities and their families. Additionally, the organization manages a pooled special needs trust to benefit Californians with disabilities. This trust, known as the Golden State Pooled Trust (GSPT), serves over 500 beneficiaries, preserving their eligibility for essential public benefits such as SSI, Medi-Cal, and In-Home Support Services. The GSPT is particularly useful when an unexpected influx of funds could potentially disqualify a disabled individual from these benefits, or when ongoing care or advocacy is required for an extended period. The trust holds assets like lawsuit proceeds or inheritances, ensuring their preservation for the beneficiary's well-being while maintaining their eligibility for public benefits. The trustee manages the funds, paying for the beneficiary's services and goods directly, thereby minimizing the burden of the restrictions inherent in special needs trusts.
Official website here: www.northbayhousingcoalition.org
Who is the CEO of North Bay Housing Coalition?
Mary Eble is the Executive Dir. of North Bay Housing Coalition.
Official website here: www.northbayhousingcoalition.org
What is the revenue of North Bay Housing Coalition?
North Bay Housing Coalition's revenue in 2022 was $971,633.
Official website here: www.northbayhousingcoalition.org
Who are the executives of North Bay Housing Coalition and what are their salaries?
The average compensation at North Bay Housing Coalition during 2022 was $78,962. There are 1 employees and 5 volunteers at North Bay Housing Coalition.
Here are 9 key members and their salaries:
- Mary Eble (Executive Dir.)
- Nancy Gardner (President) [Trustee/Director]
- Elizabeth Clary (V. Pres./Treas.) [Trustee/Director]
- Eric Martin (Director)
- Bill Allen (Director)
- John Shea (Director)
- Judy Naimo (Secretary) [Trustee/Director]
- Marry Ann Malinak (Director)
- Angelica Glenn (Director)
Official website here: www.northbayhousingcoalition.org
Where can I find the form 990 for North Bay Housing Coalition?
The North Bay Housing Coalition’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.northbayhousingcoalition.org
Learn more at the official website: www.northbayhousingcoalition.org
Mission Statement of North Bay Housing Coalition
North Bay Housing Coalition, a dedicated organization, focuses on increasing affordable housing options for individuals with developmental disabilities and their families. One of its key initiatives involves managing a pooled special needs trust, known as the Golden State Pooled Trust (GSPT). Established in 2004, this trust has grown to serve over 500 beneficiaries with a total corpus of $22,271,252 as of December 31, 2021. The GSPT provides reliable asset management and ensures continued eligibility for essential government benefits such as Supplemental Security Income (SSI), Medi-Cal, and In-Home Support Services (IHSS).
The trust is particularly vital for sudden availability of funds, extended periods of care or advocacy, and rapid depletion of funds due to medical expenses, preventing individuals from losing vital benefits. Pooled special needs trusts, like the GSPT, are an effective tool for managing litigation proceeds, unexpected inheritances, or other types of proceeds, ensuring the preservation of benefits that are essential for the well-being of the individual. Funds held in a properly drafted pooled special needs trust, such as the GSPT, do not count as a resource for qualifying for SSI, Medi-Cal, or IHSS.
In managing these trusts, North Bay Housing Coalition strikes a balance between maintaining public benefits and the burdensome restrictions inherent in special needs trusts. The primary restriction of a special needs trust is that the disabled individual loses control of the funds, and cash cannot be directly given to the beneficiary. However, the restrictions can be minimized with the use of trustees and advisors trained and experienced in managing special needs trusts. North Bay Housing Coalition's Golden State Pooled Trust is an appropriate option that can protect litigation proceeds to provide for the beneficiary's well-being, while also providing reliable asset management and advocacy for the trust beneficiary.
Impact
This information is meant to be a general summary of North Bay Housing Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
North Bay Housing Coalition's impact can be seen through its management of the Golden State Pooled Trust (GSPT). This trust has grown to serve over 500 beneficiaries with a total trust corpus of $22,271,252 as of December 31, 2021. The GSPT provides reliable asset management and continued eligibility for government benefits such as Supplemental Security Income (SSI), Medi-Cal, and In-Home Support Services for Californians with disabilities.
By creating and managing the GSPT, North Bay Housing Coalition plays a crucial role in ensuring that individuals with disabilities have access to essential public benefits while also preserving their financial resources. This not only provides financial stability for beneficiaries but also helps support their well-being and advocacy needs.
Through its work with the GSPT, North Bay Housing Coalition effectively addresses the challenges faced by individuals with disabilities, especially when it comes to managing unexpected income or assets that could impact their eligibility for vital public benefits. By striking a balance between maintaining public benefits and safeguarding the financial well-being of beneficiaries, North Bay Housing Coalition contributes significantly to supporting individuals with disabilities in California.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Income
Revenue
$75,595
Program Fees
Revenue
$238,967
Organization Details
Founding Year
1990
Phone
(707) 200-6553
Principal Officer
Mary Eble
Main Address
600 Kentucky Street Box S, Fairfield, CA, 94533
NTEE Category
Code: P99 - Human services
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