Skip to content
Nonprofiteer
← ABODE COMMUNITIES

Form 990 for tax year 2023

Filed by ABODE COMMUNITIES.

Totals

Total revenue
$21,060,692
Total expenses
$15,761,685
Contributions and grants received
$6,858,468
Grants paid
$39,850
Program service revenue
$13,454,587
Investment income
$921,119
Other revenue
-$173,482
Total assets, end of year
$67,633,233
Total liabilities, end of year
$34,640,778
Net assets or fund balances, end of year
$32,992,455
Program services expenses (Part IX)
$13,849,230
Management and general expenses
$1,309,932
Fundraising expenses
$602,523
Program service expenses (Part III)
$13,849,230

Program services were 87.9% 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

    $406,474

  • 1e · Government grants (contributions)

    $5,693,179

  • 1f · All other contributions, gifts and grants

    $758,815

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $5,424,095 · related or exempt $5,424,095

  • 2b · Program service revenue: ARCHITECTURAL AND CONSULTING

    total $3,555,330 · related or exempt $3,555,330

  • 2c · Program service revenue: PROPERTY AND PARTNERSHIP MANAGEME

    total $3,418,812 · related or exempt $3,418,812

  • 2d · Program service revenue: RESIDENTIAL SERVICES

    total $1,056,350 · related or exempt $1,056,350

  • 3 · Investment income

    total $921,119 · excluded $921,119

  • 8a · Fundraising events: gross income

    $3,750

  • 8a · Fundraising events: contributions included on line 1c

    $406,474

  • 8b · Fundraising events: direct expenses

    $177,232

  • 8c · Net income from fundraising events

    total -$173,482 · excluded -$173,482

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,850 · program services $39,850

  • 5 · Compensation of officers, directors and key employees

    total $945,877 · program services $849,655 · management and general $61,405 · fundraising $34,817

  • 7 · Other salaries and wages

    total $7,484,059 · program services $6,705,549 · management and general $498,492 · fundraising $280,018

  • 8 · Pension plan contributions

    total $312,352 · program services $288,697 · management and general $14,303 · fundraising $9,352

  • 9 · Other employee benefits

    total $468,951 · program services $433,436 · management and general $21,474 · fundraising $14,041

  • 10 · Payroll taxes

    total $641,071 · program services $578,128 · management and general $38,186 · fundraising $24,757

  • 11b · Fees: legal

    total $170,418 · program services $119,604 · management and general $42,531 · fundraising $8,283

  • 11c · Fees: accounting

    total $130,002 · program services $91,239 · management and general $32,444 · fundraising $6,319

  • 11g · Fees: other

    total $2,526,598 · program services $2,089,014 · management and general $321,286 · fundraising $116,298

  • 13 · Office expenses

    total $794,957 · program services $608,776 · management and general $131,592 · fundraising $54,589

  • 16 · Occupancy

    total $357,917 · program services $328,730 · management and general $21,115 · fundraising $8,072

  • 17 · Travel

    total $187,820 · program services $181,961 · management and general $2,209 · fundraising $3,650

  • 20 · Interest

    total $472,541 · program services $472,541

  • 22 · Depreciation, depletion and amortization

    total $592,105 · program services $433,534 · management and general $118,571 · fundraising $40,000

  • 23 · Insurance

    total $110,920 · program services $102,269 · management and general $6,324 · fundraising $2,327

  • 24a · Other expenses: REAL ESTATE DEVELOPMENT

    total $381,039 · program services $381,039

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $83,875 · program services $83,875

  • 24c · Other expenses: RESIDENT SERVICES

    total $61,333 · program services $61,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,493,511 · end of year $5,316,595

  • 3 · Pledges and grants receivable

    beginning of year $782,628 · end of year $1,012,873

  • 4 · Accounts receivable

    beginning of year $4,618,566 · end of year $4,225,801

  • 7 · Other notes and loans receivable

    beginning of year $22,691,270 · end of year $26,459,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $230,675 · end of year $226,662

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

    $1,061,896

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

    $940,801

  • 10c · Land, buildings and equipment, net

    beginning of year $183,619 · end of year $121,095

  • 13 · Investments: program-related

    beginning of year $7,762,369 · end of year $83,244

  • 14 · Intangible assets

    beginning of year $1,375,981 · end of year $891,456

  • 15 · Other assets

    beginning of year $26,384,608 · end of year $29,296,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,392,832 · end of year $1,616,966

  • 18 · Grants payable

    end of year $2,100,000

  • 19 · Deferred revenue

    beginning of year $8,933,829 · end of year $7,657,358

  • 23 · Secured mortgages and notes payable

    beginning of year $22,066,094 · end of year $20,623,146

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $1,576,000

  • 25 · Other liabilities

    beginning of year $1,634,717 · end of year $1,067,308

  • 27 · Net assets without donor restrictions

    beginning of year $37,015,822 · end of year $32,504,171

  • 28 · Net assets with donor restrictions

    beginning of year $479,933 · end of year $488,284

Mission and programs · 2023

Mission

TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING AND SOCIALLY BENEFICIAL COMMUNITY FACILITIES THAT PROMOTE SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES

Activities or mission (Part I)

TO ACQUIRE, DESIGN, DEVELOP AND OPERATE AFFORDABLE HOUSING PROJECTS

  • AFFORDABLE HOUSING DESIGN AND ARCHITECTURAL SERVICES

    Expenses $3,626,238 · Revenue $3,555,330

  • AFFORDABLE HOUSING MANAGEMENT

    Expenses $3,564,994 · Grants $39,850 · Revenue $4,475,162

  • AFFORDABLE HOUSING DEVELOPMENT

    Expenses $2,059,040 · Revenue $5,424,095

  • ALL OTHER PROGRAM SERVICE EXPENSES

    Expenses $4,598,958

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelly Boyer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related
  • Nkechi Odu

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Sindy Spivak

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related
  • Brian Hansen

    TREASURER (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related
  • Milton Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Khalif Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Dani Evanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Wendy Gruel

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Lisa Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Lance Bocarsly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Peter Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • David Newman

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Judith Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Andrew Zimmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.09 related
  • Holly Benson

    PRESIDENT & CEO

    Total calculated
    $387,563
    From this org
    $361,409
    From related orgs
    $0
    Other
    $26,154
    Hours/week
    40.8 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $361,409
    Bonus
    $0
    Other
    $0
    Deferred
    $11,205
    Nontaxable benefits
    $14,949
    Filer's total
    $387,563
  • Rick Saperstein

    EXECUTIVE VP & CFO

    Total calculated
    $287,092
    From this org
    $260,318
    From related orgs
    $0
    Other
    $26,774
    Hours/week
    40.8 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $260,318
    Bonus
    $0
    Other
    $0
    Deferred
    $11,799
    Nontaxable benefits
    $14,975
    Filer's total
    $287,092
  • Heraldo Gonzales

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $271,222
    From this org
    $247,439
    From related orgs
    $0
    Other
    $23,783
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $247,439
    Bonus
    $0
    Other
    $0
    Deferred
    $10,236
    Nontaxable benefits
    $13,547
    Filer's total
    $271,222
  • Sarah Furchtenicht

    SENIOR VICE PRESIDENT

    Total calculated
    $239,771
    From this org
    $226,782
    From related orgs
    $0
    Other
    $12,989
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $226,782
    Bonus
    $0
    Other
    $0
    Deferred
    $6,556
    Nontaxable benefits
    $6,433
    Filer's total
    $239,771
  • Lara Regus

    SENIOR VICE PRESIDENT

    Total calculated
    $240,061
    From this org
    $217,251
    From related orgs
    $0
    Other
    $22,810
    Hours/week
    42.2 + 0.8 related

    Schedule J breakdown matched by us

    Base
    $217,251
    Bonus
    $0
    Other
    $0
    Deferred
    $9,156
    Nontaxable benefits
    $13,654
    Filer's total
    $240,061
  • Giuseppe Aliano

    SENIOR VICE PRESIDENT

    Total calculated
    $263,691
    From this org
    $224,728
    From related orgs
    $0
    Other
    $38,963
    Hours/week
    42.2

    Schedule J breakdown matched by us

    Base
    $224,728
    Bonus
    $0
    Other
    $0
    Deferred
    $7,395
    Nontaxable benefits
    $31,568
    Filer's total
    $263,691
  • Sara Tsay

    SENIOR VICE PRESIDENT

    Total calculated
    $227,472
    From this org
    $210,900
    From related orgs
    $0
    Other
    $16,572
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $210,900
    Bonus
    $0
    Other
    $0
    Deferred
    $8,436
    Nontaxable benefits
    $8,136
    Filer's total
    $227,472
  • Roshe Malakuti McClure

    SENIOR VICE PRESIDENT

    Total calculated
    $196,494
    From this org
    $174,309
    From related orgs
    $0
    Other
    $22,185
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $174,309
    Bonus
    $0
    Other
    $0
    Deferred
    $7,236
    Nontaxable benefits
    $14,949
    Filer's total
    $196,494

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

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

The filer's explanations (Part III)

PART I, LINE 3
ON AN ANNUAL BASIS, COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT AND EXECUTIVE VICE PRESIDENTS ARE MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD AT A COMMITTEE MEETING, AND AS NECESSARY OR REQUESTED, COMPARABLE COMPENSATION DATA FROM A RELIABLE THIRD-PARTY SOURCE IS OBTAINED. MINUTES OF THE MEETING ARE KEPT, TO THE EXTENT ALLOWED FOR BY CONFIDENTIALITY.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ABODE COMMUNITIES AV GP LLC

    AFFORD HSNG · CA · income -$44 · assets $2,193,981

    Directly controlled by ABODE COMMUNITIES

  • ADAMS TERRACE GP LLC

    AFFORD HSNG · CA · income -$344 · assets $9,492,359

    Directly controlled by ABODE COMMUNITIES

  • BEACON LANDING GP LLC

    AFFORD HSNG · CA · income -$117 · assets $8,947,084

    Directly controlled by ABODE COMMUNITIES

  • BUTLER VILLAGE GP LLC

    AFFORD HSNG · CA · income $0 · assets $652,276

    Directly controlled by ABODE COMMUNITIES

  • CAMDEN PLACE GP LLC

    AFFORD HSNG · CA · income $0 · assets $533,451

    Directly controlled by ABODE COMMUNITIES

  • CAMINO DEL MAR GP LLC

    AFFORD HSNG · CA · income -$9 · assets $795,615

    Directly controlled by ABODE COMMUNITIES

  • CARLTON GP LLC

    AFFORD HSNG · CA · income $0 · assets $4,644,119

    Directly controlled by ABODE COMMUNITIES

  • CASA DOMINGUEZ GP LLC

    AFFORD HSNG · CA · income -$70 · assets $1,278,074

    Directly controlled by ABODE COMMUNITIES

  • CENTRAL AVE GP LLC

    AFFORD HSNG · CA · income $0 · assets $6,513,928

    Directly controlled by ABODE COMMUNITIES

  • CHAPMAN PLACE GP LLC

    AFFORD HSNG · CA · income $0 · assets $393,570

    Directly controlled by ABODE COMMUNITIES

  • CHAVEZ FICKETT GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,390,968

    Directly controlled by ABODE COMMUNITIES

  • COMPASS CROSSING NORTH GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,030,236

    Directly controlled by ABODE COMMUNITIES

  • COMPASS CROSSING SOUTH GP LLC

    AFFORD HSNG · CA · income -$5,716 · assets $135,817

    Directly controlled by ABODE COMMUNITIES

  • E VICTOR VILLA GP LLC

    AFFORD HSNG · CA · income -$24 · assets $1,816,148

    Directly controlled by ABODE COMMUNITIES

  • EVERGREEN APARTMENTS GP LLC

    AFFORD HSNG · CA · income -$103,418 · assets -$294,994

    Directly controlled by ABODE COMMUNITIES

  • GLASSELL PARK GP LLC

    AFFORD HSNG · CA · income $15,044 · assets $3,137,920

    Directly controlled by ABODE COMMUNITIES

  • GRANDVIEW APARTMENTS GP LLC

    AFFORD HSNG · CA · income -$339,830 · assets $1,522,463

    Directly controlled by ABODE COMMUNITIES

  • HARROWER VILLAGE GP LLC

    AFFORD HSNG · CA · income $0 · assets $3,140,149

    Directly controlled by ABODE COMMUNITIES

  • KITTRIDGE HOUSING GP LLC

    AFFORD HSNG · CA · income -$75 · assets $282,136

    Directly controlled by ABODE COMMUNITIES

  • LA VERANDA GP LLC

    AFFORD HSNG · CA · income -$77 · assets $8,077,325

    Directly controlled by ABODE COMMUNITIES

  • LAUREL VILLAGE GP LLC

    AFFORD HSNG · CA · income $32,610 · assets $291,066

    Directly controlled by ABODE COMMUNITIES

  • MUH GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,327,129

    Directly controlled by ABODE COMMUNITIES

  • NEW VISTA COURT GP LLC

    AFFORD HSNG · CA · income $0 · assets $49

    Directly controlled by ABODE COMMUNITIES

  • PARK PLACE TERRACE REPURCHASE LLC

    AFFORD HSNG · CA · income $33,293 · assets $736,656

    Directly controlled by ABODE COMMUNITIES

  • PURDUE PLACE GP LLC

    AFFORD HSNG · CA · income $0 · assets $623,861

    Directly controlled by ABODE COMMUNITIES

  • ROLLAND CURTIS EAST LLC

    AFFORD HSNG · CA · income -$118 · assets $1,165,989

    Directly controlled by ABODE COMMUNITIES

  • ROLLAND CURTIS WEST LLC

    AFFORD HSNG · CA · income -$160 · assets $3,234,901

    Directly controlled by ABODE COMMUNITIES

  • SHASTA STREET GP LLC

    AFFORD HSNG · CA · income $0 · assets $524,095

    Directly controlled by ABODE COMMUNITIES

  • SONORA HOMES I GP LLC

    AFFORD HSNG · CA · income $0 · assets $68,697

    Directly controlled by ABODE COMMUNITIES

  • SONORA HOMES II GP LLC

    AFFORD HSNG · CA · income $0 · assets $59,759

    Directly controlled by ABODE COMMUNITIES

  • TERRA BELLA GP LLC

    AFFORD HSNG · CA · income -$18 · assets $136,462

    Directly controlled by ABODE COMMUNITIES

  • VETERAN COMMONS MGP LLC

    AFFORD HSNG · CA · income $0 · assets $830,437

    Directly controlled by ABODE COMMUNITIES

  • VILLA VERDE I GP LLC

    AFFORD HSNG · CA · income $0 · assets $2,704,826

    Directly controlled by ABODE COMMUNITIES

  • VILLA VERDE II GP LLC

    AFFORD HSNG · CA · income $0 · assets $0

    Directly controlled by ABODE COMMUNITIES

  • VISTA DEL MAR MGP LLC

    AFFORD HSNG · CA · income -$7 · assets $87,221

    Directly controlled by ABODE COMMUNITIES

  • VISTA DORADA GP LLC

    AFFORD HSNG · CA · income $1,167,679 · assets $13,422,798

    Directly controlled by ABODE COMMUNITIES

  • VIVIENDAS DEL VALLE GP LLC

    AFFORD HSNG · CA · income $168,223 · assets $1,190,634

    Directly controlled by ABODE COMMUNITIES

  • WASHINGTON AVENUE GP LLC

    AFFORD HSNG · CA · income $0 · assets $2,973,748

    Directly controlled by ABODE COMMUNITIES

  • WEST LA AC LLC

    AFFORD HSNG · CA · income $0 · assets $1,389,340

    Directly controlled by ABODE COMMUNITIES

  • WESTERN LANDING GP LLC

    AFFORD HSNG · CA · income -$209,504 · assets $9,612,179

    Directly controlled by ABODE COMMUNITIES

  • WESTMONT VISTA GP LLC

    AFFORD HSNG · CA · income -$96 · assets -$330,150

    Directly controlled by ABODE COMMUNITIES

Related partnerships

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

  • ABODE COMMUNITIES LLC

    RELATED · AFFORD HSNG · CA · 51% owned · share of income -$2,175,489 · share of assets $33,450,096 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • BEACON LANDING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$117 · share of assets $8,947,084 · general or managing partner

  • CLARK RESIDENCE LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $63,677 · share of assets $2,497,356 · general or managing partner

  • FREMONT BUILDING LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $106,148 · share of assets $533,468 · general or managing partner

  • GRAND AVENUE APARTMENTS LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $39,844 · share of assets $817,524 · general or managing partner

  • GRISHAM COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $160,980 · share of assets $1,298,758 · general or managing partner

  • HART VILLAGE LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$53,757 · share of assets $248,603 · general or managing partner

  • HERITAGE COURT LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $6,439 · share of assets $121,016 · general or managing partner

  • HOPE WEST APTS LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$1,161 · share of assets $83,749 · general or managing partner

  • LAS BRISAS COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $222,961 · share of assets $1,586,518 · general or managing partner

  • MORGAN PLACE LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$214,461 · share of assets -$396,734 · general or managing partner

  • NEW DANA STRAND PARTNERS I LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$49 · share of assets $279,592 · general or managing partner

  • NEW DANA STRAND TOWNHOMES LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$203,299 · share of assets $624,169 · general or managing partner

  • NUEVO PICO UNION PARTNERSHIP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$6,664 · share of assets $465,652 · general or managing partner

  • PARTHENIA HOUSING ASSOCIATES LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$1,383 · share of assets $372,464 · general or managing partner

  • SELMA COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $104,026 · share of assets $1,706,561 · general or managing partner

  • SHERMAN WAY COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$190,232 · share of assets $5,790,015 · general or managing partner

  • VISTA DEL MAR AGP LLC

    RELATED · AFFORD HSNG · CA · 10% owned · share of income -$4 · share of assets $29,782 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202530159349300303

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.