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← EAST PALO ALTO COMMUNITY ALLIANCE & NEIGHBORHOOD DEVELOPMENT ORGAN

Form 990 for tax year 2022

Filed by EAST PALO ALTO COMMUNITY ALLIANCE & NEIGHBORHOOD DEVELOPMENT ORGAN.

Totals

Total revenue
$4,500,687
Total expenses
$1,175,509
Contributions and grants received
$364,098
Grants paid
$0
Program service revenue
$4,100,117
Investment income
$36,472
Other revenue
$0
Total assets, end of year
$9,828,820
Total liabilities, end of year
$1,800,192
Net assets or fund balances, end of year
$8,028,628
Program services expenses (Part IX)
$792,208
Management and general expenses
$361,176
Fundraising expenses
$22,125
Program service expenses (Part III)
$792,208

Program services were 67.4% 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

    $364,098

  • 2a · Program service revenue: DEVELOPER FEES

    total $3,704,122 · related or exempt $3,704,122

  • 2b · Program service revenue: RENTAL INCOME

    total $255,658 · related or exempt $255,658

  • 2c · Program service revenue: PARTNERSHIP MANAGEMENT

    total $71,688 · related or exempt $71,688

  • 2d · Program service revenue: SERVICE REVENUE

    total $43,612 · related or exempt $43,612

  • 2e · Program service revenue: INCENTIVE MANAGEMENT F

    total $23,388 · related or exempt $23,388

  • 2f · All other program service revenue

    total $1,649 · related or exempt $1,649

  • 3 · Investment income

    total $36,472 · excluded $36,472

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $122,341 · program services $71,909 · management and general $47,014 · fundraising $3,418

  • 7 · Other salaries and wages

    total $503,722 · program services $295,417 · management and general $194,287 · fundraising $14,018

  • 9 · Other employee benefits

    total $78,953 · program services $44,824 · management and general $32,566 · fundraising $1,563

  • 10 · Payroll taxes

    total $63,091 · program services $30,447 · management and general $31,249 · fundraising $1,395

  • 11c · Fees: accounting

    total $44,750 · program services $10,750 · management and general $34,000

  • 13 · Office expenses

    total $28,441 · program services $22,265 · management and general $5,154 · fundraising $1,022

  • 20 · Interest

    total $61,135 · program services $61,135

  • 22 · Depreciation, depletion and amortization

    total $59,226 · program services $57,412 · management and general $1,814

  • 23 · Insurance

    total $11,787 · program services $6,633 · management and general $4,848 · fundraising $306

  • 24a · Other expenses: CONTRACT SERVICES

    total $108,303 · program services $108,303

  • 24b · Other expenses: PROPERTY MANAGEMENT

    total $50,612 · program services $50,563 · management and general $49

  • 24c · Other expenses: PROPERTY TAX

    total $22,285 · program services $22,285

  • 24d · Other expenses: MISCELLANEOUS

    total $20,863 · program services $10,265 · management and general $10,195 · fundraising $403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,042,356 · end of year $1,727,684

  • 2 · Savings and temporary cash investments

    beginning of year $27,017 · end of year $27,212

  • 3 · Pledges and grants receivable

    beginning of year $325,662 · end of year $3,970,553

  • 4 · Accounts receivable

    beginning of year $6,880 · end of year $35,735

  • 6 · Loans and receivables from disqualified persons

    beginning of year $367,107 · end of year $367,107

  • 7 · Other notes and loans receivable

    beginning of year $1,519,823 · end of year $1,556,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,900 · end of year $22,170

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

    $2,436,545

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

    $528,215

  • 10c · Land, buildings and equipment, net

    beginning of year $1,953,473 · end of year $1,908,330

  • 12 · Investments: other securities

    beginning of year $213,929 · end of year $213,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,023 · end of year $107,469

  • 23 · Secured mortgages and notes payable

    beginning of year $1,693,573 · end of year $1,668,669

  • 25 · Other liabilities

    beginning of year $20,554 · end of year $24,054

  • 27 · Net assets without donor restrictions

    beginning of year $3,619,029 · end of year $6,882,161

  • 28 · Net assets with donor restrictions

    beginning of year $1,102,968 · end of year $1,146,467

Mission and programs · 2022

Mission

COMMUNITY DEVELOPMENT CORPORATION THAT PROMOTES COMMUNITY ECONOMIC DEVELOPMENT AND PROTECTS RESIDENTS AGAINST ECONOMIC DISPLACEMENT THROUGH FINANCIAL COUNSELING, SERVICES FOR LOW-INCOME HOMEOWNERS, AND DEVELOPING PERMANENTLY AFFORDABLE HOUSING. AT LEASE 1,000 INDIVIDUALS WERE SERVED.

Activities or mission (Part I)

TO PROMOTE COMMUNITY ECONOMIC DEVELOPMENT AND PROTECT RESIDENTS AGAINST ECONOMIC DISPLACEMENT THROUGH FINANCIAL COUNSELING, SERVICES FOR LOW-INCOME HOMEOWNERS, AND DEVELOPING PERMANENTLY AFFORDABLE HOUSING.

  • EPACANDO'S ENTIRE PROGRAM IS FOCUSED ON CREATING OR SUSTAINING HOUSING AND HOUSING AFFORDABILITY IN ONE FORM OR ANOTHER IN EAST PALO ALTO, CALIFORNIA. WE DEVELOP AND/OR MANAGE AFFORDABLE RENTAL HOUSING, ADMINISTER THE CITY'S AFFORDABLE HOME OWNERSHIP PROGRAM, AND PROVIDE COUNSELING, TECHNICAL ASSISTANCE AND ACCESS TO FINANCING TO LOW-INCOME HOMEOWNERS WHO DEVELOP ACCESSORY DWELLING UNITS ON THEIR PROPERTIES, WHICH IN TURN PROVIDES HOUSING THAT IS AFFORDABLE TO THEIR FAMILIES OR TENANTS. WE PROVIDE DIRECT SERVICES TO, OR SUSTAIN BENEFICIAL OPPROTUNITIES (SUCH AS AFFORDABLE HOUSING) FOR OVER 1,000 LOCAL HOUSEHOLDS.

    Expenses $792,208 · Revenue $4,100,117

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angah Miessi

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • William Webster

    PROGRAM COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Kenia Najar

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • George Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mark Moulton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anna Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Duane Bay

    EXECUTIVE DIRECTOR

    Total calculated
    $121,431
    From this org
    $119,800
    From related orgs
    $0
    Other
    $1,631
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • LIGHT TREE CANDO LLC

    CA · income $5 · assets $214,599

    Directly controlled by EPA CAN DO

  • BAY OAKS CANDO LLC

    CA · income -$6 · assets $75,463

    Directly controlled by EPA CAN DO

  • NUGENT SQUARE CANDO LLC

    CA

    Directly controlled by EPA CAN DO

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LIGHT TREE TWO LP

    CA

  • LIGHT TREE THREE LP

    CA

  • MP BAY ROAD ASSOCIATES LP

    CA

  • UNIVERSITY SENIOR APARTMENTS LP

    CA

  • NUGENT SQUARE PARTNERS LP

    CA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349314671

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