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Nonprofit · EIN 47-2164827

ISLAND CITY DEVELOPMENT

Tax-exempt · ALAMEDA, CA 94501

Financials

$2.3M$348K2023$4.6M$372K2024
Revenue Expenses · by fiscal year end
Financials of ISLAND CITY DEVELOPMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,615,068$372,142$4,242,926$14,977,558$7,129,993$7,847,565
December 31, 2023990$2,334,055$348,384$1,985,671$11,972,088$8,367,449$3,604,639
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,757,847
of which government grants
$2,757,847
Program service revenue
$1,788,539
Investment income
$69,005
Other revenue
-$323

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$33,735
Accounting fees
$13,091
Program services (functional)
$58,761
Management and general (functional)
$313,381

Balance sheet and other

Total assets, start of year
$11,972,088
Total assets, end of year
$14,977,558
Total liabilities, end of year
$7,129,993
Net assets, end of year
$7,847,565
Net assets without donor restrictions
$7,847,565
Gross receipts
$4,615,068
Employees
0
Volunteers
0
Year formed
2014
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
VANESSA COOPERPRESIDENT
Trustee or director, Officer
0.25$0$393,550$85,515
ALICIA SOUTHERNSECRETARY/TREASURER
Trustee or director, Officer
0.25$0$200,070$57,269
CARLY GROBVICE PRESIDENT
Trustee or director, Officer
0.25$0$500$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
VANESSA COOPERPRESIDENT
Trustee or director, Officer
0.25$0$341,829$78,064
GREGORY KATSSECRETARY/TREASURER
Trustee or director, Officer
0.25$0$207,772$41,267
CARLY GROBVICE PRESIDENT
Trustee or director, Officer
0.25$0$500$0

Address and contacts

Address (IRS master file)
701 ATLANTIC AVE, ALAMEDA, CA 94501-2161
In care of
% VANESSA COOPER
Principal officer (990 for 2024)
vanessa cooper, 701 ATLANTIC AVENUE, ALAMEDA, CA 94501
Signed the 990
vanessa cooper, president
Phone
(510) 747-4300
Return prepared by
HOLTHOUSE CARLIN & VAN TRIGT LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 47-2164827 or by the name ISLAND CITY DEVELOPMENT.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

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.

990 for the year ended December 31, 2024

Program accomplishments

  • LITTLEJOHN COMMONS - LITTLEJOHN COMMONS, FKA DEL MONTE SENIOR HOUSING PROJECT, IS A 31-UNIT SENIOR RENTAL PROJECT CONSISTING OF 30 ONE-BEDROOM AND ONE TWO-BEDROOM MANAGER'S UNIT INTENDED TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME SENIORS IN THE CITY OF ALAMEDA, CALIFORNIA. THE PROJECT WAS COMPLETED AS OF AUGUST 2, 2018, AND WAS 100% LEASED BY AUGUST 30, 2018.
    revenue $23,882
  • EVERETT COMMONS - EVERETT COMMONS FKA 2437 EAGLE AVENUE FAMILY PROJECT, IS A 20-UNIT MULTI-FAMILY, TOWNHOUSE-STYLE PROPERTY INCLUDING ONE TWO-BEDROOM MANAGER'S UNIT, INTENDED TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW-INCOME FAMILIES AND VETERANS IN THE CITY OF ALAMEDA, CALIFORNIA. THE PROJECT COMPLETED AS OF DECEMBER 17, 2018, AND WAS 100% LEASED BY DECEMBER 31, 2018.
    revenue $11,893
  • ROSEFIELD VILLAGE - THE ROSEFIELD VILLAGE PROJECT INCLUDES THE REDEVELOPMENT OF A 53-UNIT PROPERTY INTO 92 UNITS OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES IN THE CITY OF ALAMEDA, CALIFORNIA. TAX CREDIT AND CONSTRUCTION FINANCING CLOSED IN AUGUST 2020. THE PROJECT WAS PLACED IN SERVICE IN 2022.
    revenue $7,426
  • see line 4D, sch O detail-NORTH HSG0
  • see line 4E, sch O detail-other0
  • see line 4F, sch O detail-estuary I
    grants $694,043
  • see line 4g, sch O detail-LINNET CORNER
    Expenses $58,761 · grants $2,063,804
  • see line 4g, sch O detail-SHINSEI GDNS0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-2164827
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,977,558
Income (IRS master file)
$4,615,068

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,615,068$372,142$14,977,558XML
990December 2023$2,334,055$348,384$11,972,088XML
990December 2022$1,974,565$233,242$9,569,908IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2164827).

Questions about ISLAND CITY DEVELOPMENT

What is the EIN of ISLAND CITY DEVELOPMENT?
The employer identification number (EIN) of ISLAND CITY DEVELOPMENT is 47-2164827.
Is ISLAND CITY DEVELOPMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to ISLAND CITY DEVELOPMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does ISLAND CITY DEVELOPMENT file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ISLAND CITY DEVELOPMENT due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ISLAND CITY DEVELOPMENT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ISLAND CITY DEVELOPMENT?
The 990 for the year ended December 31, 2024 names vanessa cooper.
Who are the officers and directors of ISLAND CITY DEVELOPMENT?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does ISLAND CITY DEVELOPMENT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,615,068, expenses of $372,142 and total assets of $14,977,558 at year end.

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