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Nonprofiteer
← DEL CARLO COURT INC

Form 990 for tax year 2024

Filed by DEL CARLO COURT INC.

Totals

Total revenue
$3,625,796
Total expenses
$4,564,903
Contributions and grants received
$1,756,209
Grants paid
$0
Program service revenue
$1,768,764
Investment income
$100,823
Other revenue
$0
Total assets, end of year
$3,277,310
Total liabilities, end of year
$4,878,023
Net assets or fund balances, end of year
-$1,600,713
Program services expenses (Part IX)
$4,564,903
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,564,903

Program services were 100.0% 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.

  • 1d · Related organizations

    $750

  • 1e · Government grants (contributions)

    $1,755,459

  • 2a · Program service revenue: ALLOCABLE SHARE PS REN

    total $1,768,764 · related or exempt $1,768,764

  • 3 · Investment income

    total $100,823 · excluded $100,823

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $550 · program services $550

  • 24a · Other expenses: ALLOCABLE SHARE PS EXPE

    total $4,564,153 · program services $4,564,153

  • 24b · Other expenses: MISCELLANEOUS TAXES & L

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 15 · Other assets

    beginning of year $3,823,795 · end of year $3,277,310

  • 25 · Other liabilities

    beginning of year $4,485,401 · end of year $4,878,023

  • 27 · Net assets without donor restrictions

    beginning of year -$661,606 · end of year -$1,600,713

Mission and programs · 2024

Mission

TO BENEFIT & 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 (1) PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME PERSONS, WHERE INADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2) PROVIDING DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS, OR FOR LOW-INCOME PERSONS WHO ARE HOMELESS OR IN IMMINENT DANGER OF HOMELESSNESS, OR WHO ARE DISPLACED FROM URBAN RENEWAL AREAS, OR AS A RESULT OF GOVERNMENTAL ACTION, OR A MAJOR DISASTER WHERE IN ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

  • THE CORPORATION SERVES AS A GENERAL PARTNER OR LIMITED PARTNER FOR TWO LIMITED PARTNERSHIPS THAT PROVIDE A TOTAL OF 125 RENTAL UNITS FOR LOW-INCOME FAMILIES IN SAN FRANCISCO, CALIFORNIA.

    Expenses $4,564,903 · Revenue $1,768,764

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Layman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Sam Moss

    VICE CHAIR

    Total calculated
    $326,186
    From this org
    $0
    From related orgs
    $316,439
    Other
    $9,747
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,189 related
    Bonus
    $0 + $30,250 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,747 related
    Filer's total
    $0 + $326,186 related

  • Julia Kosheleva-Coats

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Mara Rosales

    CFO

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Irving Gonzales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 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. 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

The filer's explanations (Part III)

PART I, LINE 3
SALARIES ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE AND ARE BASED ON THE SALARY STANDARDIZATION SURVEY FROM THE BAY AREA LOCAL INITIATIVE SUPPORT COALITION.

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.

  • DEL CARLO ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 1% owned · share of income -$212,499 · share of assets $807,393 · general or managing partner

    Directly controlled by 94-3142529

  • MISSION BAY AFFORDABLE HOUSING LP

    RELATED · LOW-INCOME HOUSING · CA · 99.9% owned · share of income -$244,040 · share of assets $14,721,632

    Directly controlled by 94-3142529

Related corporations and trusts

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

  • CARITAS MANAGEMENT CORPORATION

    C · PROP MGMT · CA

  • 1045 CAPP STREET HOUSING LLC

    C · LOW-INCOME HOUSING · CA

  • MHDC SOUTH PARK LLC

    C · LOW-INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202533079349301098

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