Adam & Bruce Housing Corporation

Long Beach, CA ยท Founded 1985

Operates affordable housing community for low-income elderly residents in Fort Wayne, Indiana

Primary audience
Low-income seniors
Work area
Housing services
Topic
Affordable senior housing
Contact
Desaegher Norma N
Website Contact

About Organization

Adam & Bruce Housing Corporation operates Adam and Bruce Apartments, a 50-unit community providing affordable housing for low-income elderly persons in Fort Wayne, Indiana. The organization was formed in 1985 under Indiana nonprofit statutes and operates under Section 202 of the National Housing Act. Based in Long Beach, CA, the organization reported revenue of $479,014 in 2024.

What They Focus On

Affordable Housing

Provides safe, quality apartments at affordable rates for low-income elderly persons through federally-backed housing programs

Senior Services

Focuses exclusively on serving elderly population with stable, long-term housing solutions in Fort Wayne community

Federal Compliance

Maintains compliance with National Housing Act regulations to sustain mission-driven affordable housing for seniors

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$479K

+26.8% vs 2023

Expenses (2024)

$424K

-13.6% vs 2023

Assets (2024)

$1.2M

+5.8% vs 2023

Year Revenue Expenses Assets Employees
2024 $479,014 $424,197 $1,234,892 0
2023 $377,811 $491,152 $1,167,103 0
2022 $238,032 $564,753 $1,345,370 0
2020 $304,672 $391,285 $1,103,954 0
2019 $359,626 $418,567 $1,175,823 0
2018 $385,842 $393,545 $1,226,782 0

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Federal Compliance

    Operates housing community under Section 202 and Section 207 of National Housing Act requirements

  • 02

    Tenant Selection

    Identifies and screens eligible low-income elderly applicants based on federal income guidelines and program rules

  • 03

    Housing Operations

    Maintains 50-unit apartment facility with quality living conditions and affordable rent for senior residents

  • 04

    Financial Management

    Manages property finances including federally-backed mortgage and operational revenue to sustain affordable housing mission

Programs and Initiatives

Services and programs offered by Adam & Bruce Housing Corporation

Affordable Senior Housing

Operates 50-unit apartment community providing affordable housing for low-income elderly residents under federal housing programs

Section 202 Housing

Administers federally-funded housing program specifically designed to serve elderly persons with limited financial resources

Property Management

Maintains and manages residential community to ensure safe, quality housing for elderly tenants in Fort Wayne

Team & Leadership

Meet the people behind Adam & Bruce Housing Corporation.

DN

Desaegher Norma N

Vice President
0 hrs/week
HS

Hartman Stuart J

President/CEO
0 hrs/week
MP

Mosqueira Phil

Ap Director
0 hrs/week
PL

Phelps Lori Ann

Info Systems Director
0 hrs/week
RF

Rossello Frank Jr

CFO And VP Of Finance
0 hrs/week
YS

Young Seesee

Internal Audit Director
0 hrs/week
AR

Amberg Robert R

Executive VP Gen Counsel
0 hrs/week
BN

Battaglia Nada

VP Human Resources
0 hrs/week
CD

Chung Dean H

Controller
0 hrs/week
CJ

Clow John C

VP Risk Management
0 hrs/week
DT

Do Thanh-Thanh

Acct Manager Exempt
0 hrs/week
FB

Fard Bobby J

VP Acquis And Proj Dev
0 hrs/week
GK

Gilchrist Kevin Darrell

VP Dev Fin & Asset Mgmt
0 hrs/week
HM

Hall Maggie W

Associate Counsel
0 hrs/week
IS

Ingrao Salvatore A

Devel Accounting Dir
0 hrs/week
KD

King Diane D

Compl And Privacy Officer
0 hrs/week
MV

Magnone Vincent B

VP Treasury & Invstmt Off
0 hrs/week
ML

Mickelson Lavonne R

Dir Of Afford Housing Ops
0 hrs/week
PJ

Porter Jr Newman Rush

Entitlement Proj Manager
0 hrs/week
RC

Ragon Christy Ann

VP Of Communications
0 hrs/week
RP

Ricano Peggy

Acct Manager Exempt
0 hrs/week
RT

Robinson Tina M

VP Housing Accounting
0 hrs/week
SO

Sanchez Omar E

Construction Manager Sr
0 hrs/week
SS

See Schedule Jo Salary

Disclosure - Pgs 34 & 38
SJ

Silva Joanne L

VP Occupancy & Tax Credit
0 hrs/week
SK

Steckbeck Kent

Budget & Analytics Dir
0 hrs/week
TS

Titus Stephanie L

VP Philanthropy/Cso
0 hrs/week
BJ

Bauman John

Director
EY

Escandon Yuri Andrew

Director
HD

Hart Donald G

Director
HE

Hogan Ella

Director
PJ

Pollock Jeffrey R

Director
WC

Wilson Cheryl

Director

Milestones

1985

Organization Founded

1985

Adam & Bruce Housing Corporation formed as Indiana nonprofit to operate senior housing community

1985

Apartments Opened

1985

Adam and Bruce Apartments began operations with 50 units for low-income elderly residents

2020

Mortgage Refinanced

2020

Original mortgage refinanced under Section 207 pursuant to Section 223(f) of National Housing Act

Associated People

Board members, advisors, and key contributors

Board of Directors

BJ
Bauman John Director 0.20 hrs/week
EY
Escandon Yuri Andrew Director 0.20 hrs/week
FB
Fox Buchan Laura L Secretary 0.20 hrs/week
HD
Hart Donald G Director 0.20 hrs/week
HE
Hogan Ella Director 0.20 hrs/week
PJ
Pollock Jeffrey R Director 0.20 hrs/week
WC
Wilson Cheryl Director 0.20 hrs/week
WC
Wims Cameron Treasurer 0.20 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$588K

Highest Paid

$77K

Hartman Stuart J

Compensated Officers

15

Name Title Base Other Total Hrs/Wk
Hartman Stuart J President/CEO $0 $76,739 $76,739 0.2
Gilchrist Kevin Darrell VP DEV Fin & Asset MGMT $0 $58,557 $58,557 0.2
Titus Stephanie L VP Philanthropy/CSO $0 $58,388 $58,388 0.2
Escandon Yuri Andrew Director $0 $55,605 $55,605 0.2
Amberg Robert R Executive VP Gen Counsel $0 $54,717 $54,717 0.2
Battaglia Nada VP Human Resources $0 $53,518 $53,518 0.2
Chung Dean H Controller $0 $31,777 $31,777 0.2
Rossello Frank JR CFO And VP Of Finance $0 $30,494 $30,494 0.2
Silva Joanne L VP Occupancy & Tax Credit $0 $28,973 $28,973 0.2
Fard Bobby J VP Acquis And Proj DEV $0 $26,130 $26,130 0.2
Hall Maggie W Associate Counsel $0 $23,477 $23,477 0.2
Ragon Christy Ann VP Of Communications $0 $23,388 $23,388 0.2
Clow John C VP Risk Management $0 $22,289 $22,289 0.2
King Diane D Compl And Privacy Officer $0 $22,228 $22,228 0.2
Magnone Vincent B VP Treasury & Invstmt Off $0 $21,761 $21,761 0.2

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

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DRE
St James Park Rhf Housing LLC
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Low Income Housing
DRE

Taxable Partnership

39
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Low Income Housing
Taxable
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Boston, MA
Low Income Housing
Taxable
Amistad Plaza Partners Ltd Prt
Los Angeles, CA
Low Income Housing
Taxable
Capitol Towers Rhf Partners LP
Hartford, CT
Low Income Housing
Taxable
Cloisters Rhf Housing LLC
Deland, FL
Low Income Housing
Taxable
College Villas LP
Henderson, NV
Low Income Housing
Taxable
Congregational Tower Partners LP
Chula Vista, CA
Low Income Housing
Taxable
Congregational Tower LLC
Chula Vista, CA
Low Income Housing
Taxable
Darson Marie Rhf Housing Partners LP
San Antonio, TX
Low Income Housing
Taxable
Esperanza Apartments Ltd Prt
Seattle, WA
Low Income Housing
Taxable
Grand View Rhf Partners LP
Los Angeles, CA
Low Income Housing
Taxable
Hill Rhf Housing Partners LP
Los Angeles, CA
Low Income Housing
Taxable
Hill Rhf Housing LLC
Los Angeles, CA
Low Income Housing
Taxable
Hollyview Limited Partnership
Hollywood, CA
Low Income Housing
Taxable
Housing Corp Fund Assoc
Los Angeles, CA
Low Income Housing
Taxable
La Family Housing Co
Los Angeles, CA
Low Income Housing
Taxable
Los Arcos Limited Partnership
Poway, CA
Low Income Housing
Taxable
Madison Rhf Partners Limited Partnership
Pasadena, CA
Low Income Housing
Taxable
Mason Rhf Limited Partnership
Boston, MA
Low Income Housing
Taxable
Mesa Rhf Partners LP
San Pedro, CA
Low Income Housing
Taxable
Olive Rhf Housing Partners LP
Los Angeles, CA
Low Income Housing
Taxable
Olive Rhf Housing LLC
Los Angeles, CA
Low Income Housing
Taxable
Paloma Terrace Rhf Partners LP
Los Angeles, CA
Low Income Housing
Taxable
Pioneer Towers Rhf Partners LP
Sacramento, CA
Low Income Housing
Taxable
Pioneer Towers Rhf Housing LLC
Sacramento, CA
Low Income Housing
Taxable
Rio Vista Village Ltd Prt
Los Angeles, CA
Low Income Housing
Taxable
Riverside Village Rhf Limited Partnership
Leominster, MA
Low Income Housing
Taxable
Sagetree Rhf Housing Partners LP
Houston, TX
Low Income Housing
Taxable
San Jacinto Manor Associates LP
San Jacinto, CA
Low Income Housing
Taxable
Sangnok Partners LP
Los Angeles, CA
Low Income Housing
Taxable
Seabury Rhf Limited Partnership
Worchester, MA
Low Income Housing
Taxable
Shepherd Park Rhf Partners LP
Hartford, CT
Low Income Housing
Taxable
Sonata At Riverpark Partners LP
Oxnard, CA
Low Income Housing
Taxable
Southepointe Villa Ltd Ptr
Rialto, CA
Low Income Housing
Taxable
The Carlin Ltd Prt
Arlington, VA
Low Income Housing
Taxable
Villa Rhf Partners LP
Pasadena, CA
Low Income Housing
Taxable
Vistas Rhf Partners LP
Van Nuys, CA
Low Income Housing
Taxable
West Valley Rhf Partners LP
Van Nuys, CA
Low Income Housing
Taxable

Taxable Corp Trust

22
Capitol Towers Rhf Housing Inc
Hartford, CT
Sponsor Organization
Taxable
Carlin Rhf Housing Inc
Long Beach, CA
Sponsor Organization
Taxable
Charles Street Rhf Housing Inc
Boston, MA
Sponsor Organization
Taxable
College Villas Rhf Housing Inc
Henderson, NV
Sponsor Organization
Taxable
Congregational Tower LLC
Chula Vista, CA
Sponsor Organization
Taxable
Congregational Tower Rhf Housing Inc
Chula Vista, CA
Sponsor Organization
Taxable
Foundation Financial Services Inc
Long Beach, CA
Sponsor Organization
Taxable
Hamilton Rhf Housing Inc
Boston, MA
Sponsor Organization
Taxable
Mason Place Rhf Housing Inc
Long Beach, CA
Sponsor Organization
Taxable
Pioneer Towers Rhf Housing LLC
Sacramento, CA
Sponsor Organization
Taxable
Retirement Enterprises Inc
Long Beach, CA
Sponsor Organization
Taxable
Riverside Rhf Housing Inc
Leominster, MA
Sponsor Organization
Taxable
Seabury Heights Rhf Housing Inc
Long Beach, CA
Sponsor Organization
Taxable
Shepherd Park Rhf Housing Inc
Hartford, CT
Sponsor Organization
Taxable
Symphony East Rhf Housing Inc
Boston, MA
Sponsor Organization
Taxable
Symphony West Rhf Housing Inc
Boston, MA
Sponsor Organization
Taxable
United Congregate Care Inc
Long Beach, CA
Sponsor Organization
Taxable
Vistas Rhf Housing LLC
Van Nuys, CA
Sponsor Organization
Taxable
West Valley Rhf Housing LLC
Van Nuys, CA
Sponsor Organization
Taxable
3555 Whittier Rhf Housing LLC
Los Angeles, CA
Sponsor Organization
Taxable
Essex Village Rhf Housing Inc
North Kingston, RI
Sponsor Organization
Taxable
Kings Grant Rhf Housing Inc
North Kingston, RI
Sponsor Organization
Taxable

Source: IRS Form 990, Schedule R (Related Organizations and Unrelated Partnerships)

Contact

Get in touch with Adam & Bruce Housing Corporation

Phone

(562) 257-5100

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Visit Website
911 N Studebaker Road Long Beach, CA 90815