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Nonprofiteer
← SAN BENITO LOW INCOME HOUSING CORPORATION

Form 990 for tax year 2024

Filed by SAN BENITO LOW INCOME HOUSING CORPORATION.

Totals

Total revenue
$1,073,171
Total expenses
$1,384,524
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,043,829
Investment income
$29,342
Other revenue
$0
Total assets, end of year
$4,772,877
Total liabilities, end of year
$803,236
Net assets or fund balances, end of year
$3,969,641
Program services expenses (Part IX)
$1,355,680
Management and general expenses
$28,844
Fundraising expenses
$0
Program service expenses (Part III)
$1,355,680

Program services were 97.9% 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.

  • 2a · Program service revenue: RENTAL ACTIVITY INCOME

    total $1,009,855 · related or exempt $1,009,855

  • 2b · Program service revenue: LAUNDRY AND VENDING

    total $29,332 · related or exempt $29,332

  • 2c · Program service revenue: TENANT CHARGES

    total $3,696 · related or exempt $3,696

  • 2d · Program service revenue: MISC. REVENUE

    total $946 · related or exempt $946

  • 3 · Investment income

    total $29,342 · related or exempt $29,342

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $54,870 · program services $54,870

  • 10 · Payroll taxes

    total $18,355 · program services $18,355

  • 11a · Fees: management

    total $87,696 · program services $87,696

  • 11b · Fees: legal

    total $6,665 · program services $6,665

  • 11c · Fees: accounting

    total $18,096 · management and general $18,096

  • 11g · Fees: other

    total $10,748 · management and general $10,748

  • 13 · Office expenses

    total $73,383 · program services $73,383

  • 19 · Conferences, conventions and meetings

    total $42 · program services $42

  • 22 · Depreciation, depletion and amortization

    total $127,282 · program services $127,282

  • 23 · Insurance

    total $150,000 · program services $150,000

  • 24a · Other expenses: UTILITIES

    total $157,410 · program services $157,410

  • 24b · Other expenses: CONTRACTS

    total $149,074 · program services $149,074

  • 24c · Other expenses: REPAIRS PAYROLL

    total $107,447 · program services $107,447

  • 24d · Other expenses: GARBAGE

    total $81,460 · program services $81,460

  • 24e · All other expenses

    total $341,996 · program services $341,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,249 · end of year $200

  • 4 · Accounts receivable

    beginning of year $3,003 · end of year $3,937

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,525 · end of year $2,525

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

    $6,755,132

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

    $5,190,180

  • 10c · Land, buildings and equipment, net

    beginning of year $1,692,234 · end of year $1,564,952

  • 15 · Other assets

    beginning of year $2,911,258 · end of year $3,201,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,885 · end of year $25,769

  • 25 · Other liabilities

    beginning of year $344,390 · end of year $777,467

  • 27 · Net assets without donor restrictions

    beginning of year $4,280,994 · end of year $3,969,641

Mission and programs · 2024

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES.

  • THE ORGANIZATION'S OWNERSHIP OF THE HOLLISTER PLAZA APARTMENT COMPLEX PROVIDES LOW INCOME INDIVIDUALS AND FAMILIES ACCESS TO AFFORDABLE AND MODERN HOUSING AT BELOW MARKET RENTAL RATES. THIS IS TOTALLY WITHIN THE SCOPE OF THE ORGANIZATION'S MISSION OBJECTIVES.

    Expenses $1,355,680

As filed on the 2024 return.

Listed in Part VII

  • Manuel Bernal

    TREASURER

    Total calculated
    $0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Paul Chavez

    PRES., DIREC

    Total calculated
    $0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Paul Park

    SECT., DIREC

    Total calculated
    $0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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

None.

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.

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.

Related partnerships

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

  • AGUILA VILLAGE HOUSING DEVELOPMENT

    HOUSING · TX

  • ALBUQUERQUESANDIA VISTA LIMITED PA

    HOUSING · NM · general or managing partner

  • ALBUQUERQUESUNNY ACRES LIMITED PAR

    HOUSING · NM

  • ALTON HOUSING DEVELOPMENT LP

    HOUSING · TX

  • BERNALILLO HOUSING LP II

    HOUSING · NM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHAVEZ RADIO GROUP

    RADIO STAT · CA

  • RADIO CAMPESINA BAKERSFIELD INC

    RADIO STAT · CA

  • KEENE STORE INC

    RETAIL SAL · CA

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202543149349304144

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