← MONTEBELLO HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by MONTEBELLO HOUSING DEVELOPMENT CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 27 August 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $426,378 changed to $344,638
Total expenses: $545,362 changed to $447,556
Contributions and grants received: $168,447 changed to $220,447
Program service revenue: $17,443 changed to $20,343
Investment income: $26,114 changed to $32,049
Other revenue: $214,374 changed to $71,799
Total assets, end of year: $7,580,239 changed to $7,810,729
Total liabilities, end of year: $1,940,307 changed to $1,931,174
Net assets or fund balances, end of year: $5,639,932 changed to $5,879,555
Program services expenses: $436,290 changed to $347,589
Management and general expenses: $109,072 changed to $99,967
Program service expenses (Part III): $436,290 changed to $347,589

Totals

Total revenue: $426,378
Total expenses: $545,362
Contributions and grants received: $168,447
Grants paid: $0
Program service revenue: $17,443
Investment income: $26,114
Other revenue: $214,374
Total assets, end of year: $7,580,239
Total liabilities, end of year: $1,940,307
Net assets or fund balances, end of year: $5,639,932
Program services expenses (Part IX): $436,290
Management and general expenses: $109,072
Fundraising expenses: $0
Program service expenses (Part III): $436,290

Program services were 80.0% 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.

1e · Government grants (contributions)

$24,197
1f · All other contributions, gifts and grants

$144,250
2a · Program service revenue: HOMEBUYER EDUCATION

total $17,443 · related or exempt $17,443
3 · Investment income

total $26,114 · related or exempt $26,114
6a · Gross rents

real property $213,124
6c · Rental income or loss

real property $213,124
6d · Net rental income or loss

total $213,124 · related or exempt $213,124
8c · Net income from fundraising events

total $0
11a · Other revenue: MISC

total $1,250 · related or exempt $1,250
11e · Other revenue, total

$1,250

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $219,913 · program services $175,930 · management and general $43,983
9 · Other employee benefits

total $6,481 · program services $5,185 · management and general $1,296
10 · Payroll taxes

total $18,649 · program services $14,919 · management and general $3,730
11c · Fees: accounting

total $64,255 · program services $51,404 · management and general $12,851
13 · Office expenses

total $51,183 · program services $40,947 · management and general $10,236
16 · Occupancy

total $93,270 · program services $74,616 · management and general $18,654
17 · Travel

total $5,555 · program services $4,444 · management and general $1,111
19 · Conferences, conventions and meetings

total $19,391 · program services $15,513 · management and general $3,878
20 · Interest

total $32,768 · program services $26,214 · management and general $6,554
23 · Insurance

total $21,591 · program services $17,273 · management and general $4,318
24a · Other expenses: OTHER

total $10,000 · program services $8,000 · management and general $2,000
24b · Other expenses: TAXES AND LICENSES

total $2,306 · program services $1,845 · management and general $461

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,121,373 · end of year $1,588,030
4 · Accounts receivable

beginning of year $152,438 · end of year $184,396
7 · Other notes and loans receivable

beginning of year $4,769,830 · end of year $5,060,044
9 · Prepaid expenses and deferred charges

end of year $6,415
10a · Land, buildings and equipment: cost or other basis

$1,505,196
10b · Land, buildings and equipment: accumulated depreciation

$763,842
10c · Land, buildings and equipment, net

beginning of year $741,354 · end of year $741,354
17 · Accounts payable and accrued expenses

beginning of year $73,994 · end of year $27,497
19 · Deferred revenue

beginning of year $1,357,568 · end of year $1,357,568
23 · Secured mortgages and notes payable

beginning of year $581,799 · end of year $542,524
25 · Other liabilities

beginning of year $12,718 · end of year $12,718
27 · Net assets without donor restrictions

beginning of year $4,742,664 · end of year $4,623,680
28 · Net assets with donor restrictions

beginning of year $1,016,252 · end of year $1,016,252

Mission and programs · 2024

Mission

EMPOWERING FAMILIES THROUGHOUT LOS ANGELES COUNTY TO REALIZE THE AMERICAN DREAM. MHDC IS ORGANIZED TO ASSIST THE GOVERNMENT OF THE CITY OF MONTEBELLO, CALIFORNIA, ITS REDEVELOPMENT AGENCY OR OTHER AGENCIES, AUTHORITITES, BOARDS OR COMMISSION TO DEVELOP, REHABILITATE HOUSING

HOME COUNSELING THIS PROGRAM PROVIDES HOUSING COUNSELING FOR PRE-PURCHASE AND LOSS MITIGATION. DURING THE YEAR, THE ORGANIZATION SERVED 194 FAMILIES AND PROVIDED HOUSING COUNSELING SERVICES.

Expenses $305,403
HOMEBUYER EDUCATION THE FIRST-TIME HOMEBUYER PROGRAM INCLUDES ONE-ON-ONE COUNSELIING TO PREPARE CLIENTS TO BE MORTGAGE READY, CREDIT AND BUDGET COUNSELING, AND 8-HOUR HUD APPROVED HOMEBUYER EDUCATION CLASSES VIA ZOOM VIDEO RECORDING. THE 8-HOUR HOMEBUYER EDUCATION CLASS COVERS ALL ASPECTS OF THE HOME BUYING PROCESS, FROM QUALIFYING TO CLOSING. DURING THE YEAR, THE ORGANIZATION SERVED 193 PEOPLE BY PROVIDED HUD-APPROVED HOMEBUYER EDUCATION.

Expenses $87,258
CAL HOME THE STATE OF CALIFORNIA HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT AWARDED GRANTS TO MHDC THAT PROVIDE SILENT SECOND MORTGAGE LOANS TO VERY LOW-AND LOW-ICOME, FIRST-TIME HOMEBUYERS IN LOS ANGELES, RIVERSIDE AND SAN BERNARDINO COUNTIES. DURING THE YEAR, THE ORGANIZATION HAD 3 BORROWERS CLOSE LOANS AND PURCHASED A HOME THROUGH THIS PROGRAM.

Expenses $43,629

As filed on the 2024 return.

Listed in Part VII

ALEJANDRA GUTIERREZ

BOARD MEMBER

Total calculated

$0

Hours/week

0
JAIME LEGASPI

VICE PRESIDENT

Total calculated

$0

Hours/week

0
ROBERT MONZON

PRESIDENT

Total calculated

$0

Hours/week

0
PATRICIA RENTERIA

TREASURER

Total calculated

$0

Hours/week

0
JOSEPH SANDOVAL

SECRETARY

Total calculated

$0

Hours/week

0

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.

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.

BELLA MONTE HOMES LLC

RESIDENTIAL PROPERTIES FOR LOW INCOME FAMILIES · CA · assets $335,403

Directly controlled by MONTEBELLO HOUSING DEVELOPMENT CORP

Provenance

Return type: form_990
Tax year: 2024
Filed: 17 February 2026
IRS schema version: 2024v5.2
Source object: 202640509349300529

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