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← PROPIEDADES ADELANTE

Form 990 for tax year 2025

Filed by PROPIEDADES ADELANTE.

Totals

Total revenue
$1,432,616
Total expenses
$1,382,956
Contributions and grants received
$35,000
Grants paid
$0
Program service revenue
$1,378,532
Investment income
$16,185
Other revenue
$2,899
Total assets, end of year
$290,225
Total liabilities, end of year
$322,427
Net assets or fund balances, end of year
-$32,202
Program services expenses (Part IX)
$948,830
Management and general expenses
$434,126
Fundraising expenses
$0
Program service expenses (Part III)
$948,830

Program services were 68.6% 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.

  • 1d · Related organizations

    $35,000

  • 2a · Program service revenue: Property Management Fe

    total $504,082 · related or exempt $504,082

  • 2b · Program service revenue: Reimbursable Property

    total $471,780 · related or exempt $471,780

  • 2c · Program service revenue: Accounting Fee Revenue

    total $206,194 · related or exempt $206,194

  • 2d · Program service revenue: Leasing and Marketing

    total $164,070 · related or exempt $164,070

  • 2e · Program service revenue: Compliance Fee

    total $32,406 · related or exempt $32,406

  • 3 · Investment income

    total $16,185 · excluded $16,185

  • 11a · Other revenue: Other Income

    total $2,899 · excluded $2,899

  • 11e · Other revenue, total

    $2,899

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,455 · program services $75,164 · management and general $5,291

  • 7 · Other salaries and wages

    total $416,843 · program services $389,428 · management and general $27,415

  • 8 · Pension plan contributions

    total $7,389 · program services $6,872 · management and general $517

  • 9 · Other employee benefits

    total $80,535 · program services $74,898 · management and general $5,637

  • 10 · Payroll taxes

    total $45,231 · program services $42,065 · management and general $3,166

  • 11a · Fees: management

    total $238,554 · program services $238,554

  • 11b · Fees: legal

    total $2,050 · program services $2,050

  • 11c · Fees: accounting

    total $3,478 · management and general $3,478

  • 11g · Fees: other

    total $380,502 · program services $173 · management and general $380,329

  • 13 · Office expenses

    total $3,252 · management and general $3,252

  • 14 · Information technology

    total $24,189 · program services $22,496 · management and general $1,693

  • 16 · Occupancy

    total $24,495 · program services $22,780 · management and general $1,715

  • 17 · Travel

    total $11,590 · program services $11,590

  • 19 · Conferences, conventions and meetings

    total $71 · program services $71

  • 23 · Insurance

    total $15,423 · program services $14,343 · management and general $1,080

  • 24a · Other expenses: Opearting and Maintenan

    total $24,304 · program services $24,304

  • 24b · Other expenses: Staff Expenses

    total $8,750 · program services $8,750

  • 24c · Other expenses: Bank Charges

    total $5,321 · program services $5,321

  • 24d · Other expenses: Membership/Subscription

    total $3,867 · program services $3,867

  • 24e · All other expenses

    total $6,657 · program services $6,104 · management and general $553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,429 · end of year $246,818

  • 4 · Accounts receivable

    beginning of year $349,062

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,720 · end of year $39,082

  • 15 · Other assets

    beginning of year $2,588 · end of year $4,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,614 · end of year $62,315

  • 24 · Unsecured notes and loans payable

    beginning of year $318,477

  • 25 · Other liabilities

    beginning of year $215,570 · end of year $260,112

  • 27 · Net assets without donor restrictions

    beginning of year -$81,862 · end of year -$32,202

Mission and programs · 2025

Mission

Rooted in mission and focused on San Francisco, MEDA's mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development.

Activities or mission (Part I)

Our mission is to ensure that generations of San Francisco residents have access to affordable, healthy, and secure housing.

  • Propiedades Adelante provides property management services of Development Agency. The properties are owned by limited liability companies (LLCs) in which MEDA is the sole member and manager, and which are disregarded entities for tax purposes. The LLC owners of these properties are Meda Precita Small Properties, LLC, a California limited liability company; Meda Small Properties, LLC, a California limited liability company; and Meda Haf Small Properties, LLC, a California limited liability company (individually an owner and collectively the owners). The owners now own 38 properties with 402 residential units. All properties are located in the City and County of San Francisco.

    Expenses $948,830 · Revenue $1,378,532

As filed on the 2025 return.

Listed in Part VII

  • Whitney Jones

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Karim Sultan

    Vice Chair/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Amelia Martinez-Bankhe

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Brooks Kenney Baskin

    Assistant Secretary

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Luis Granados

    Board Member

    Total calculated
    $431,216
    From this org
    $0
    From related orgs
    $392,631
    Other
    $38,585
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $392,631 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,585 related
    Filer's total
    $0 + $431,216 related

  • Sonia Lapolice

    CEO

    Total calculated
    $35,455
    From this org
    $35,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carlos Ramirez

    CFO

    Total calculated
    $206,441
    From this org
    $0
    From related orgs
    $206,441
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $0 + $206,441 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $206,441 related

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2025
Filed
21 August 2026
IRS schema version
2025v4.2
Source object
202642339349301094

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