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Nonprofiteer
← HERITAGE HOUSING PARTNERS

Form 990 for tax year 2022

Filed by HERITAGE HOUSING PARTNERS.

Totals

Total revenue
$1,790,509
Total expenses
$2,280,648
Contributions and grants received
$257,516
Grants paid
$0
Program service revenue
$1,387,167
Investment income
$19,048
Other revenue
$126,778
Total assets, end of year
$63,829,840
Total liabilities, end of year
$74,063,539
Net assets or fund balances, end of year
-$10,233,699
Program services expenses (Part IX)
$2,186,415
Management and general expenses
$94,233
Fundraising expenses
$0
Program service expenses (Part III)
$2,186,415

Program services were 95.9% 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.

  • 1f · All other contributions, gifts and grants

    $257,516

  • 2a · Program service revenue: REAL ESTATE SALES

    total $1,296,067 · related or exempt $1,296,067

  • 2b · Program service revenue: MANAGEMENT FEES

    total $91,100 · related or exempt $91,100

  • 3 · Investment income

    total $19,048 · excluded $19,048

  • 6a · Gross rents

    real property $91,698

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $91,698

  • 6d · Net rental income or loss

    total $91,698 · related or exempt $91,698

  • 11a · Other revenue: OTHER INCOME

    total $35,080 · related or exempt $35,080

  • 11e · Other revenue, total

    $35,080

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $149,063 · program services $111,797 · management and general $37,266

  • 7 · Other salaries and wages

    total $352,551 · program services $329,710 · management and general $22,841

  • 9 · Other employee benefits

    total $21,000 · program services $19,059 · management and general $1,941

  • 10 · Payroll taxes

    total $38,834 · program services $34,224 · management and general $4,610

  • 11b · Fees: legal

    total $41,081 · program services $41,081

  • 11c · Fees: accounting

    total $87,154 · program services $79,388 · management and general $7,766

  • 11g · Fees: other

    total $43,905 · program services $40,868 · management and general $3,037

  • 12 · Advertising and promotion

    total $1,706 · program services $1,289 · management and general $417

  • 13 · Office expenses

    total $27,159 · program services $20,940 · management and general $6,219

  • 16 · Occupancy

    total $49,257 · program services $48,286 · management and general $971

  • 17 · Travel

    total $635 · program services $476 · management and general $159

  • 19 · Conferences, conventions and meetings

    total $35 · program services $26 · management and general $9

  • 20 · Interest

    total $98,702 · program services $98,702

  • 22 · Depreciation, depletion and amortization

    total $32,303 · program services $30,022 · management and general $2,281

  • 23 · Insurance

    total $52,317 · program services $45,601 · management and general $6,716

  • 24a · Other expenses: COST OF SALES

    total $1,284,946 · program services $1,284,946

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,502,661 · end of year $612,502

  • 2 · Savings and temporary cash investments

    beginning of year $350,965 · end of year $914,853

  • 4 · Accounts receivable

    beginning of year $19,198

  • 7 · Other notes and loans receivable

    beginning of year $10,627,386 · end of year $10,711,766

  • 8 · Inventories for sale or use

    beginning of year $32,635,836 · end of year $48,356,879

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

    $3,254,536

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

    $145,321

  • 10c · Land, buildings and equipment, net

    beginning of year $1,744,400 · end of year $3,109,215

  • 15 · Other assets

    beginning of year $83,542 · end of year $124,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,481,371 · end of year $4,670,272

  • 19 · Deferred revenue

    beginning of year $14,984,004 · end of year $14,984,584

  • 23 · Secured mortgages and notes payable

    beginning of year $39,242,173 · end of year $54,408,683

  • 27 · Net assets without donor restrictions

    beginning of year -$9,743,560 · end of year -$10,233,699

Mission and programs · 2022

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 $2,186,415 · Revenue $1,513,945

As filed on the 2022 return.

Listed in Part VII

  • David Rodriguez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Richard Bruckner

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John McAustin

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Spears

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Carpenter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Antonio Manning

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mercedes Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Blair Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Ware

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Loveman

    EXECUTIVE DIRECTOR

    Total calculated
    $149,062
    From this org
    $144,862
    From related orgs
    $0
    Other
    $4,200
    Hours/week
    40 + 1 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.

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 $18,432 · assets $4,218,913

    Directly controlled by HHP

  • HHP-DORAN LLC

    HOUSING · CA · income $10,001 · assets $0

    Directly controlled by HHP

  • HHP-HERKIMER LLC

    HOUSING · CA · income $0 · assets $0

    Directly controlled by HHP

  • HHP-DECKER LLC

    HOUSING · CA · income $1,000 · assets $14,272

    Directly controlled by HHP

  • HHP-PENN LLC

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

    Directly controlled by HHP

  • HHP-SUMMIT LLC

    HOUSING · CA · income $588 · assets $6,004,301

    Directly controlled by HHP

  • HHP-HIGHLAND LLC

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

    Directly controlled by HHP

  • HHP-LOG LLC

    HOUSING · CA · income $0 · assets $38,275,108

    Directly controlled by HHP

  • HHP-WALNUT LLC

    HOUSING · CA · income $10,380 · assets $10,945,885

    Directly controlled by HHP

  • HHP-GILL LLC

    HOUSING · CA · income $0 · assets $12,486

    Directly controlled by HHP

  • HHP-1421 LLC

    HOUSING · CA · income $88,538 · assets $1,495,675

    Directly controlled by HHP

  • HHP-FOOTHILL LLC

    HOUSING · CA · income $0 · assets $1,485,032

    Directly controlled by HHP

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202302309349300040

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