Totals
- Total revenue
- $48,265
- Total expenses
- $48,384
- Contributions and grants received
- $3,525
- Grants paid
- not reported
- Program service revenue
- $44,740
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $475,786
- Total liabilities, end of year
- $80,858
- Net assets or fund balances, end of year
- $394,928
- Program service expenses (Part III)
- $48,384
Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
TO BENEFIT AND SUPPORT MISSION HOUSING DEVELOPMENT CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, AND ITS PURPOSES IN ACCORDANCE WITH SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE BY (I)PROVIDING DECENT, SAFE AND SANITARY HOUSING AND RELATED FACILITIES AND SERVICES, AND EXPAND ECONOMIC OPPORTUNITIES FOR LOW-INCOME PERSONS; (II) SERVING AS A GENERAL PARTNER (EITHER DIRECTLY OR AS THE SOLE MEMBER OF A LIMITED LIABILITY COMPANY) IN LIMITED PARTNERSHIPS AND SERVING AS THE SOLE OR MANAGING MEMBER IN LIMITED LIABILITY COMPANIES WHICH WILL OWN AND OPERATE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS DESCRIBED IN (I) ABOVE; (III) BORROWING MONEY AND ISSUING EVIDENCE OF INDEBTEDNESS IN FURTHERANCE OF ANY OR ALL OF THE OBJECTS OF ITS BUSINEES, AND TO SECURE THE SAME BY MORTGAGE, PLEDGE OR OTHER LIEN ON THE CORPORATION'S PROPERTY; AND (IV) LENDING MONEY, AND DOING ANY AND ALL OTHER LAWFUL THINGS IN FURTHERANCE OF THE CHARITABLE PURPOSES OF MHDC.
-
THE CORPORATION SERVES AS A MEMBER OF TWO LIMITED LIABILITY COMPANIES WHICH SERVE AS THE GENERAL PARTNER IN TWO LIMITED PARTNERSHIPS WHICH PROVIDE 238 UNITS OF LOW-INCOME HOUSING FOR LOW-INCOME PERSONS IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE GENERAL PARTNER OF A LIMITED PARTNERSHIP WHICH PROVIDES 131 UNITS OF LOW-INCOME HOUSING FOR LOW-INCOME PERSONS IN SAN FRANCISCO, CALIFORNIA.
Expenses $48,384
As filed on the 2022 return.
Listed in Part IV
-
Jon LaymanJON LAYMAN
Chairman
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
-
Sam MossSAM MOSS
VICE CHAIR
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
-
Musetta SoMUSETTA SO
Secretary
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
-
Fernando Gomez-BenitezFERNANDO GOMEZ-BENITEZ
CFO
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
-
Irving GonzalesIRVING GONZALES
Director
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
-
Eddie AhnEDDIE AHN
Director
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 0.1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 4 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420169349201732
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