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California · Nonprofit

ASLAN HOUSING FOUNDATION

ASLAN HOUSING FOUNDATION (California) receives grants from 5 organizations whose IRS filings report $718,924 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($475,000). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$556k
Funders on record
5
Grants received
$719k
Net assets
$5.9M
3/5 repeat funderspeak grant-dependency 14%
01What it does

What Aslan Housing Foundation does

Mission

The purpose of the Aslan Housing Foundation is to provide affordable pastoral housing to the supported ministries, including peninsula covenant church, redwood city, ca. Aslan is expanding to include more churches and ministry organizations.

As stated on its FY2025 Form 990.

Programs

  1. Down payment assistance (dpa) programprovided shared-equity down payment assistance for staff of supported organizations and a growing number of churches and ministry organizations. Closed transactions for a current supported-organization pastor (funded through existing "fbo" donor-designated funds), a former preschool teacher (funded through new member investments), a ministry leader at transforming the bay with christ, and other ministry recipients. Coordinated with investors, lenders, and real estate professionals to complete these transactions and created individualized housing pathways.

    $105,072 spent$51,850 earned by the program
    50% of program spending
  2. Housing program for supported organizationsmanaged below-market rental housing for staff of supported organizations, including oversight of multiple debt-free units, tenant placement, and rent modeling. Provided pro bono support to housing committees and hr teams, including analysis and processing of ministerial housing allowances and development of rent tables for on- and off-campus housing. Maintained property operations to ensure stability and affordability for staff.

    $52,536 spent$13,250 earned by the program
    25% of program spending
  3. Consulting and marketplacedelivered consulting services to local churches and christian nonprofits, including supported organizations, on housing policy, property strategy, and ministry staff housing solutions. Expanded our reach by working with a supported-organization congregation in washington state. Managed the aslan marketplace to connect property owners with ministry staff seeking below-market housing, fostering collaboration and resource sharing.

    $52,536 spent$74,430 earned by the program
    25% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $210,144.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($802k) Expenses 100 ($281k) Net assets 100 ($521k)2020 Revenue 511 ($4.1M) Expenses 69 ($194k) Net assets 849 ($4.4M)2021 Revenue 60 ($481k) Expenses 92 ($257k) Net assets 891 ($4.6M)2022 Revenue 23 ($182k) Expenses 75 ($211k) Net assets 885 ($4.6M)2023 Revenue 110 ($880k) Expenses 80 ($225k) Net assets 1012 ($5.3M)2024 Revenue 77 ($621k) Expenses 91 ($256k) Net assets 1081 ($5.6M)2025 Revenue 69 ($556k) Expenses 107 ($300k) Net assets 1130 ($5.9M)
2019202020212022202320242025
Revenue (69)Expenses (107)Net assets (1130)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $524k to $4.4M (+746%).

$524k
$4.4M
$5.5M
$5.7M
$6.9M
$9.1M
$12M
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

61% of ASLAN HOUSING FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (100% for the typical peer).

This organization
Typical peer · 15,288 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.

$521k
’19
$3.9M
’20
$224k
’21
−$29k
’22
$655k
’23
$365k
’24
$257k
’25
102
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Nicole Bergeron

President/CEO

Board chair

Scott Armienti

Chairman

As listed on its FY2025 Form 990.

2019202020212022202320242025
Listed66109887
Joined·+0+4+0+0+0+2
No longer listed·001103
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 3 funders, grant income fell $50k → $21k.

5 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ASLAN HOUSING FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ASLAN HOUSING FOUNDATION leans on a few funders — its largest provides 66% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASLAN HOUSING FOUNDATION.

66%
largest funder
97%
top three
~2
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 63% · 2022 59% · 2023 51% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of ASLAN HOUSING FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $719k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ASLAN HOUSING FOUNDATION runs a healthier operating margin than three-quarters of the 7,334 religion nonprofits its size.

Operating margin46% · top quartile
Months of reserve102.1mo · top quartile
Revenue growth (annualized)−6% · bottom quartile

this organization peer median middle 50% of peers· 7,334 religion nonprofits $100k–$1M, FY2025

Organizations like ASLAN HOUSING FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 26%Fundraising 4%

Governance

8
board members
88%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Part of a family of 1 related entity

  • Peninsula Covenant Church · exempt

Screen this organization

A dated, signed PDF of the compliance screen for ASLAN HOUSING FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASLAN HOUSING FOUNDATION?
ASLAN HOUSING FOUNDATION (California) receives grants from 5 organizations whose IRS filings report $718,924 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($475,000). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does ASLAN HOUSING FOUNDATION have?
IRS filings report 5 organizations giving $718,924 in grants to ASLAN HOUSING FOUNDATION, 3 of which have funded it in more than one year.
Who is the largest funder of ASLAN HOUSING FOUNDATION?
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC is the largest funder on record, with $475,000 in grants. The full list of funders is on this page.
How can an organization like ASLAN HOUSING FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Aslan Housing →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing