Form 990 for tax year 2024
Filed by MISSION HOUSING DEVELOPMENT CORP.
Totals
- Total revenue
- $29,085,066
- Total expenses
- $32,350,265
- Contributions and grants received
- $16,105,359
- Grants paid
- $43,315
- Program service revenue
- $10,579,531
- Investment income
- $1,714,865
- Other revenue
- $685,311
- Total assets, end of year
- $74,652,824
- Total liabilities, end of year
- $25,686,995
- Net assets or fund balances, end of year
- $48,965,829
- Program services expenses (Part IX)
- $30,141,458
- Management and general expenses
- $2,003,646
- Fundraising expenses
- $205,161
- Program service expenses (Part III)
- $30,141,458
Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$197,465
-
1d · Related organizations
$225,401
-
1e · Government grants (contributions)
$15,599,409
-
1f · All other contributions, gifts and grants
$83,084
-
2a · Program service revenue: Partnership Share Gross Rent
total $6,537,465 · related or exempt $6,537,465
-
2b · Program service revenue: Development & Mgmt Fees
total $2,974,991 · related or exempt $2,974,991
-
2c · Program service revenue: Residential Rental Income
total $1,003,200 · related or exempt $1,003,200
-
2d · Program service revenue: Miscellaneous Income
total $63,875 · related or exempt $63,875
-
3 · Investment income
total $1,714,865 · related or exempt $1,270,765 · excluded $444,100
-
6a · Gross rents
real property $680,951
-
6b · Less rental expenses
real property $622,714
-
6c · Rental income or loss
real property $58,237
-
6d · Net rental income or loss
total $58,237 · unrelated business $12,856 · excluded $45,381
-
8a · Fundraising events: gross income
$55,300
-
8a · Fundraising events: contributions included on line 1c
$197,465
-
8b · Fundraising events: direct expenses
$172,824
-
8c · Net income from fundraising events
total -$117,524 · excluded -$117,524
-
11a · Other revenue: Subsid Inc-Equity Basis
total $744,598 · related or exempt $744,598
-
11e · Other revenue, total
$744,598
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $43,315 · program services $43,315
-
5 · Compensation of officers, directors and key employees
total $326,186 · program services $251,464 · management and general $74,722
-
7 · Other salaries and wages
total $3,956,541 · program services $2,891,288 · management and general $897,627 · fundraising $167,626
-
8 · Pension plan contributions
total $36,076 · program services $35,889 · management and general $187
-
9 · Other employee benefits
total $454,039 · program services $366,166 · management and general $71,300 · fundraising $16,573
-
10 · Payroll taxes
total $327,743 · program services $268,942 · management and general $49,117 · fundraising $9,684
-
11a · Fees: management
total $139,182 · management and general $139,182
-
11b · Fees: legal
total $582,267 · program services $221,696 · management and general $360,571
-
11c · Fees: accounting
total $58,350 · program services $35,300 · management and general $23,050
-
11g · Fees: other
total $309,410 · program services $294,028 · management and general $15,342 · fundraising $40
-
12 · Advertising and promotion
total $42,098 · program services $32,985 · management and general $8,607 · fundraising $506
-
13 · Office expenses
total $392,905 · program services $363,741 · management and general $22,452 · fundraising $6,712
-
14 · Information technology
total $95,682 · program services $89,062 · management and general $6,396 · fundraising $224
-
16 · Occupancy
total $1,625,721 · program services $1,624,604 · management and general $1,117
-
17 · Travel
total $24,937 · program services $20,765 · management and general $3,718 · fundraising $454
-
19 · Conferences, conventions and meetings
total $72,677 · program services $59,926 · management and general $11,182 · fundraising $1,569
-
20 · Interest
total $205,723 · program services $205,723
-
22 · Depreciation, depletion and amortization
total $717,415 · program services $524,983 · management and general $192,432
-
23 · Insurance
total $370,698 · program services $288,792 · management and general $81,906
-
24a · Other expenses: Allocable Share Partner
total $17,300,095 · program services $17,300,095
-
24b · Other expenses: Program Activities
total $5,120,674 · program services $5,074,263 · management and general $44,638 · fundraising $1,773
-
24c · Other expenses: Development and Repair
total $379,411 · program services $379,411
-
24d · Other expenses: Bad Debts
total $364,173 · program services $364,173
-
24e · All other expenses
total -$595,053 · program services -$595,153 · management and general $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,470,152 · end of year $4,291,648
-
2 · Savings and temporary cash investments
beginning of year $6,043,682 · end of year $3,991,088
-
3 · Pledges and grants receivable
beginning of year $225,760 · end of year $180,449
-
4 · Accounts receivable
beginning of year $2,566,656 · end of year $2,618,910
-
7 · Other notes and loans receivable
beginning of year $49,091,304 · end of year $50,187,407
-
9 · Prepaid expenses and deferred charges
beginning of year $200,708 · end of year $344,074
-
10a · Land, buildings and equipment: cost or other basis
$33,694,611
-
10b · Land, buildings and equipment: accumulated depreciation
$11,965,856
-
10c · Land, buildings and equipment, net
beginning of year $15,870,703 · end of year $21,728,755
-
11 · Investments: publicly traded securities
beginning of year $2,641,000 · end of year $3,251,000
-
13 · Investments: program-related
beginning of year -$32,467,731 · end of year -$32,223,751
-
15 · Other assets
beginning of year $12,439,379 · end of year $20,283,244
-
17 · Accounts payable and accrued expenses
beginning of year $3,452,229 · end of year $6,615,600
-
23 · Secured mortgages and notes payable
beginning of year $10,105,929 · end of year $18,763,544
-
25 · Other liabilities
beginning of year $292,427 · end of year $307,851
-
27 · Net assets without donor restrictions
beginning of year $52,231,028 · end of year $48,965,829
Mission and programs · 2024
Mission
To provide affordable housing to low-income families, the handicapped and elderly.
-
The corporation worked toward developing housing for low-income families, handicapped and elderly in San Francisco, California.
Expenses $30,141,458 · Grants $43,315 · Revenue $12,594,894
-
The corporation operated approximately 154 units of low-income housing in San Francisco, California.
-
The corporation provided community service programs to residents of low-income housing in San Francisco, California.
-
The corporation serves as a general partner in three limited partnerships and the limited partner in six limited partnerships which provide low-income housing in San Francisco, CA. The corporation also serves as the sole owner of six limited liability companies, the managing member of one limited liability company, and the majority owner of two corporations which all serve as the general or limited partners in thirteen limited partnerships that provide low-income housing in San Francisco, CA. Lastly, the corporation is the sole owner of a corporation which provides management services for low-income housing in San Francisco, CA.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Irving Gonzales
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Musetta So
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Julia Kosheleva-Coats
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Fernando Gomez-Benitez
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jon Layman
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mara Rosales
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sam Moss
Exec Director
- Total calculated
- $326,186
- From this org
- $316,439
- From related orgs
- $0
- Other
- $9,747
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $316,439
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,747
- Filer's total
- $326,186
-
Marcia Contreras
Deputy Exec Director
- Total calculated
- $326,820
- From this org
- $306,050
- From related orgs
- $0
- Other
- $20,770
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,800
- Bonus
- $25,250
- Other
- $0
- Deferred
- $5,629
- Nontaxable benefits
- $15,141
- Filer's total
- $326,820
-
Marizza Bautista-Ong
Controller
- Total calculated
- $236,097
- From this org
- $200,363
- From related orgs
- $0
- Other
- $35,734
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $190,113
- Bonus
- $10,250
- Other
- $0
- Deferred
- $4,101
- Nontaxable benefits
- $31,633
- Filer's total
- $236,097
-
Kevin Kitchingham
Dir-HSG Dev/Const
- Total calculated
- $218,862
- From this org
- $215,114
- From related orgs
- $0
- Other
- $3,748
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $209,864
- Bonus
- $5,250
- Other
- $0
- Deferred
- $1,898
- Nontaxable benefits
- $1,850
- Filer's total
- $218,862
-
Nicole Reams
Dir - Asset Mgmt
- Total calculated
- $193,320
- From this org
- $185,846
- From related orgs
- $0
- Other
- $7,474
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $180,596
- Bonus
- $5,250
- Other
- $0
- Deferred
- $3,751
- Nontaxable benefits
- $3,723
- Filer's total
- $193,320
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7
- THE EXECUTIVE DIRECTOR DETERMINES ANNUAL BONUS COMPENSATION FOR ALL MISSION HOUSING DEVELOPMENT CORPORATION EMPLOYEES ON AN INDIVIDUAL BASIS. THE BONUSES ARE THEN SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS IN A CLOSED SESSION. THE EXECUTIVE DIRECTOR'S BONUS COMPENSATION IS DETERMINED IN CONJUNCTION WITH AN ANNUAL PERFORMACE EVALUATION CONDUCTED BY THE BOARD OF DIRECTORS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
General Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
Mission Housing Dev Property Iii Inc
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
Mission Housing Dev Property Iv Inc
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
Mission Housing Management Corporation
501(C)(3) · Commercial PPTY MGMT · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
-
Sunset Housing Development Corporation
501(C)(3) · Low-Income Housing · CA · controlled entity
Directly controlled by Mission Housing Development Corporation
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Sol De La Plaza LLC
Lmtd Ptnr: 480 Valencia Assoc 94-3147605, See Part III · CA
Directly controlled by Mission Housing Development Corporation
-
MHDC CA MGP LLC
Gnrl Ptnr: 6 Partnerships, See Part III · CA
Directly controlled by Mission Housing Development Corporation
-
Good Samaritan LLC
Lmtd Ptnr: Good Sam Assoc 94-3210043, See Part III · CA
Directly controlled by Mission Housing Development Corporation
-
Gnrl Ptnr: 3 Partnerships, See Part III · CA
Directly controlled by Mission Housing Development Corporation
-
Lmtd Ptnr: MHDC New Map, LP 87-2631794, See Part III · CA
Directly controlled by Mission Housing Development Corporation
-
250 Laguna Honda LLC
Genrl Ptnr: 250 Laguna Honda 93-4658773, See Part III · CA
Directly controlled by Mission Housing Development Corporation
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Maria Alicia Associates
Related · Low-Income Housing · CA · 100% owned
Directly controlled by MHDC
-
Del Carlo Associates
Related · Low-Income Housing · CA · 99% owned
Directly controlled by MHDC
-
4445 Third Street Associates
Related · Low-Income Housing · CA · 50% owned · general or managing partner
Directly controlled by MHDC
-
Valencia Gardens Housing LP
Related · Low-Income Housing · CA · 100% owned · general or managing partner
Directly controlled by MHDC
-
480 Valencia Associates
Related · Low-Income Housing · CA · 99% owned
Directly controlled by 27-5496024
-
YBC Development II LP
Related · Low-Income Housing · CA · 0.05% owned · general or managing partner
Directly controlled by 27-3622297
-
Cinnabar Commons II LP
Related · Low-Income Housing · CA · 0.01% owned · general or managing partner
Directly controlled by 27-3622297
-
Bastian Court LP
Related · Low-Income Housing · CA · 1% owned · general or managing partner
Directly controlled by MHDC
-
HPD Riverview Terrace LP
Related · Low-Income Housing · CA · general or managing partner
Directly controlled by 27-3622297
-
MHDC Ca MGP III LLC
Related · Low-Income Housing · CA · 79% owned · general or managing partner
Directly controlled by MHDC
-
Cinnabar Commons LP
Related · Low-Income Housing · CA · 0.01% owned · general or managing partner
Directly controlled by 27-3622297
-
Good Samaritan Associates
Related · Low-Income Housing · CA · 99% owned
Directly controlled by 38-4109185
-
MHDC Mariposa Gardens Associates LP
Related · Low-Income Housing · CA · 99.49% owned
Directly controlled by MHDC
-
1010 SVN Associates
Related · Low-Income Housing · CA · 99.9% owned
Directly controlled by MHDC LP LLC
-
Altamont Hotel Associates LP
Related · Low-Income Housing · CA · 99.99% owned
Directly controlled by MHDC LP LLC
-
Apollo Development Associates LP
Related · Low-Income Housing · CA · 99.9% owned
Directly controlled by MHDC LP LLC
-
MHDC New Map LP
Related · Low-Income Housing · CA · general or managing partner
Directly controlled by MHDC NEW MAP LLC
-
250 Laguna Honda LP
Related · Low-Income Housing · CA · 100% owned · general or managing partner
Directly controlled by 99-0742806
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Caritas Management Corporation
C · PROP MGMT · CA · 100% owned
Directly controlled by Mission Housing Development Corporation
-
1045 CAPP Street Housing LLC
C · Low-Income Housing · CA · 79% owned
Directly controlled by Mission Housing Development Corporation
-
MHDC South Park LLC
C · Low-Income Housing · CA · 79% owned
Directly controlled by Mission Housing Development Corporation
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513239349300136
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