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Nonprofiteer
← HERITAGE HOUSING PARTNERS

Form 990 for tax year 2024

Filed by HERITAGE HOUSING PARTNERS.

Totals

Total revenue
$3,918,294
Total expenses
$5,066,876
Contributions and grants received
$35,350
Grants paid
$0
Program service revenue
$3,662,191
Investment income
$36,633
Other revenue
$184,120
Total assets, end of year
$57,290,971
Total liabilities, end of year
$64,231,221
Net assets or fund balances, end of year
-$6,940,250
Program services expenses (Part IX)
$4,904,823
Management and general expenses
$162,053
Fundraising expenses
$0
Program service expenses (Part III)
$4,904,823

Program services were 96.8% 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.

  • 1f · All other contributions, gifts and grants

    $35,350

  • 2a · Program service revenue: REAL ESTATE SALES

    total $3,612,151 · related or exempt $3,612,151

  • 2b · Program service revenue: MANAGEMENT FEES

    total $50,040 · related or exempt $50,040

  • 3 · Investment income

    total $36,633 · excluded $36,633

  • 6a · Gross rents

    real property $175,914

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $175,914

  • 6d · Net rental income or loss

    total $175,914 · related or exempt $175,914

  • 11a · Other revenue: REFUND REVENUE

    total $7,812 · excluded $7,812

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $394 · excluded $394

  • 11e · Other revenue, total

    $8,206

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $246,379 · program services $184,784 · management and general $61,595

  • 7 · Other salaries and wages

    total $460,463 · program services $430,028 · management and general $30,435

  • 9 · Other employee benefits

    total $21,000 · program services $15,750 · management and general $5,250

  • 10 · Payroll taxes

    total $51,053 · program services $45,585 · management and general $5,468

  • 11b · Fees: legal

    total $132,198 · program services $131,725 · management and general $473

  • 11c · Fees: accounting

    total $131,141 · program services $108,248 · management and general $22,893

  • 11g · Fees: other

    total $4,581 · program services $4,581

  • 12 · Advertising and promotion

    total $2,772 · program services $2,079 · management and general $693

  • 13 · Office expenses

    total $27,836 · program services $20,875 · management and general $6,961

  • 16 · Occupancy

    total $109,644 · program services $108,508 · management and general $1,136

  • 17 · Travel

    total $1,770 · program services $1,327 · management and general $443

  • 19 · Conferences, conventions and meetings

    total $410 · program services $307 · management and general $103

  • 20 · Interest

    total $139,916 · program services $125,108 · management and general $14,808

  • 22 · Depreciation, depletion and amortization

    total $52,685 · program services $50,461 · management and general $2,224

  • 23 · Insurance

    total $63,992 · program services $54,421 · management and general $9,571

  • 24a · Other expenses: COST OF SALES

    total $3,440,657 · program services $3,440,657

  • 24b · Other expenses: OTHER EXPENSES

    total $180,379 · program services $180,379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $311,413 · end of year $425,269

  • 2 · Savings and temporary cash investments

    beginning of year $1,206,378 · end of year $681,642

  • 7 · Other notes and loans receivable

    beginning of year $16,257,819 · end of year $16,157,874

  • 8 · Inventories for sale or use

    beginning of year $21,258,710 · end of year $34,157,647

  • 10a · Land, buildings and equipment: cost or other basis

    $6,055,199

  • 10b · Land, buildings and equipment: accumulated depreciation

    $230,584

  • 10c · Land, buildings and equipment, net

    beginning of year $4,123,171 · end of year $5,824,615

  • 15 · Other assets

    beginning of year $46,168 · end of year $43,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,977,202 · end of year $2,244,723

  • 19 · Deferred revenue

    beginning of year $14,985,295 · end of year $15,026,005

  • 23 · Secured mortgages and notes payable

    beginning of year $32,032,830 · end of year $46,960,493

  • 27 · Net assets without donor restrictions

    beginning of year -$5,791,668 · end of year -$6,940,250

Mission and programs · 2024

Mission

TO PROMOTE HISTORIC PRESERVATION AND NEIGHBORHOOD REVITALIZATION BY DEVELOPING, OWNING, AND OPERATING RENTAL OR FOR SALE LOW-INCOME HOUSING PROPERTY.

  • THE ORGANIZATION WORKED ON THE PREDEVELOPMENT, REHABILITATION, AND NEW CONSTRUCTION OF OVER 250 UNITS SOLD PRIMARILY TO FIRST TIME LOW TO MODERATE INCOME HOME BUYERS IN PASADENA, CALIFORNIA.

    Expenses $4,904,823 · Revenue $3,838,105

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles E Loveman Jr

    EXECUTIVE DIRECTOR

    Total calculated
    $246,379
    From this org
    $242,179
    From related orgs
    $0
    Other
    $4,200
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $210,929
    Bonus
    $31,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,200
    Filer's total
    $246,379

  • Marianne Williams

    ACCOUNTANT

    Total calculated
    $121,720
    From this org
    $117,520
    From related orgs
    $0
    Other
    $4,200
    Hours/week
    40

  • Blair Miller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Emily Ware

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patrick Crandall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mercedes Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Antonio Manning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jasmin Shupper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 committee
  • 3 · Approval by the board or compensation committee

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.

  • HHP CAPITAL INC

    501(C)(3) · HOUSING · CA · controlled entity

    Directly controlled by HERITAGE HOUSING PARTNERS

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.

  • HHP-DFO LLC

    HOUSING · CA · income $17,646 · assets $4,232,254

    Directly controlled by HHP

  • HHP-DECKER LLC

    HOUSING · CA · income $0 · assets $12,423

    Directly controlled by HHP

  • HHP-PENN LLC

    HOUSING · CA · income $0 · assets $1,663

    Directly controlled by HHP

  • HHP-SUMMIT LLC

    HOUSING · CA · income $0 · assets $5,822,313

    Directly controlled by HHP

  • HHP-HIGHLAND LLC

    HOUSING · CA · income $0 · assets $3,077

    Directly controlled by HHP

  • HHP-LOG LLC

    HOUSING · CA · income $197,555 · assets $15,759,250

    Directly controlled by HHP

  • HHP-WALNUT LLC

    HOUSING · CA · income $688 · assets $27,910,326

    Directly controlled by HHP

  • HHP-GILL LLC

    HOUSING · CA · income $0 · assets $10,556

    Directly controlled by HHP

  • HHP-1421 LLC

    HOUSING · CA · income $113,939 · assets $1,469,987

    Directly controlled by HHP

  • HHP-FOOTHILL LLC

    HOUSING · CA · income $40,186 · assets $2,542,681

    Directly controlled by HHP

  • HHP-2318 LLC

    HOUSING · CA · income $0 · assets $1,684,089

    Directly controlled by HHP

  • HHP-NEW PROSPECT DEVELOPMENT LLC

    HOUSING · CA · income $0 · assets $0

    Directly controlled by HHP

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513119349304421

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