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Nonprofiteer
← HOUSING SPONSORSHIP CORPORATION

Form 990 for tax year 2024

Filed by HOUSING SPONSORSHIP CORPORATION.

Totals

Total revenue
$928,115
Total expenses
$46,687
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$467,817
Investment income
$460,298
Other revenue
$0
Total assets, end of year
$29,634,924
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$29,634,924
Program services expenses (Part IX)
$14,415
Management and general expenses
$32,272
Fundraising expenses
$0
Program service expenses (Part III)
$14,415

Program services were 30.9% 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: Program Revenue

    total $467,817 · related or exempt $467,817

  • 3 · Investment income

    total $460,298 · excluded $460,298

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $10,650 · management and general $10,650

  • 11g · Fees: other

    total $23,168 · program services $9,267 · management and general $13,901

  • 13 · Office expenses

    total $797 · program services $319 · management and general $478

  • 22 · Depreciation, depletion and amortization

    total $397 · program services $159 · management and general $238

  • 23 · Insurance

    total $6,650 · program services $2,660 · management and general $3,990

  • 24a · Other expenses: Other Expenses

    total $5,000 · program services $2,000 · management and general $3,000

  • 24b · Other expenses: Dues/Fees/Subscription

    total $25 · program services $10 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,100,315 · end of year $196,149

  • 2 · Savings and temporary cash investments

    beginning of year $14,166,074 · end of year $16,314,989

  • 7 · Other notes and loans receivable

    beginning of year $13,068,230 · end of year $13,068,230

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

    $2,010

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

    $2,010

  • 10c · Land, buildings and equipment, net

    beginning of year $180 · end of year $0

  • 13 · Investments: program-related

    end of year $20,000

  • 15 · Other assets

    beginning of year $1,235,147 · end of year $35,556

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,271,900 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,298,046 · end of year $29,634,924

Mission and programs · 2024

Mission

The specific and primary purposes are to provide, on a non-profit basis, housing for low and moderate income families and individuals who are elderly, handicapped, displaced from urban renewal areas, or as a result of governmental action, victims of natural disasters, or occupants of substandard housing, where no adequate housing exists for such groups, pursuant to the National Housing Act, as amended.

Activities or mission (Part I)

UB of C&J 925 Housing Sponsorship Corporation holds assets entrusted to the United Brotherhood of Carpenters and Joiners of America, Local 925.

  • Legal title to all assets are held by the United Brotherhood of Carpenters and Joiners of America, Local 925, Housing Sponsorship Corporation, a nonprofit corporation (the organization). The organization holds a note receivable, among other assets, in connection with the sale of real estate property to Gabilan Plaza 3 LP, a related partnership, the interest proceeds of which benefit the United Brotherhood of Carpenters and Joiners of America, Local 925. The organization makes efforts to provide housing for low and moderate income families and individuals who are elderly, handicapped, displaced from urban renewal areas, or as a result of further issues. The related corporation, Gabilan III Housing Sponsorship LLC, a wholly owned subsidiary of the organization, receives rental income earned by the real estate held at Gabilan Plaza 3, LP.

    Expenses $14,415 · Revenue $467,817

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

Listed in Part VII

  • Pabla Sanchez

    President (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • John Belperio

    President (Beg Aug 2024)

    Total calculated
    $327,199
    From this org
    $0
    From related orgs
    $218,261
    Other
    $108,938
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $218,261 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $86,875 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $327,199 related
  • Doug Chesshire

    Vice President (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Chris Pedroza

    Vice President (Beg Aug 2024)

    Total calculated
    $0
    Hours/week
    1
  • Andrew Rojas

    Rec Secretary (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Tony Uzzle

    Treasurer (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Jay Bradshaw

    Secretary/Treasurer (Beg Aug 2024)

    Total calculated
    $481,438
    From this org
    $0
    From related orgs
    $341,020
    Other
    $140,418
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $341,020 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $118,355 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $481,438 related
  • Griselda Barajas-Delgado

    Conductor (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • George Merchant

    Warden (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Craig Aquilina

    Director (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Juan Mendoza Cruz

    Director (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Ingacio Ramirez

    Director (Until July 2024)

    Total calculated
    $0
    Hours/week
    1
  • Lloyd Reber

    Director (Beg Aug 2024)

    Total calculated
    $8,510
    From this org
    $0
    From related orgs
    $6,543
    Other
    $1,967
    Hours/week
    1
  • Jacob Adiarte

    Director (Beg Aug 2024)

    Total calculated
    $322,199
    From this org
    $0
    From related orgs
    $213,261
    Other
    $108,938
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $213,261 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $86,875 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $322,199 related
  • Leonard Bria

    Director (Beg Aug 2024)

    Total calculated
    $14,907
    From this org
    $0
    From related orgs
    $10,678
    Other
    $4,229
    Hours/week
    1
  • Dan McCulloch

    Director (Beg Aug 2024)

    Total calculated
    $284,507
    From this org
    $0
    From related orgs
    $184,107
    Other
    $100,400
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $184,107 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,337 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $284,507 related
  • Arturo Rodriguez

    Director (Beg Aug 2024)

    Total calculated
    $284,507
    From this org
    $0
    From related orgs
    $184,107
    Other
    $100,400
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $184,107 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,337 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $284,507 related
  • Michael Esparza

    Director (Beg Aug 2024)

    Total calculated
    $9,084
    From this org
    $0
    From related orgs
    $6,508
    Other
    $2,576
    Hours/week
    1
  • Jay Howard

    Director (Beg Aug 2024)

    Total calculated
    $9,938
    From this org
    $0
    From related orgs
    $7,119
    Other
    $2,819
    Hours/week
    1
  • Lisa Tramonte

    Director (Beg Aug 2024)

    Total calculated
    $9,938
    From this org
    $0
    From related orgs
    $7,119
    Other
    $2,819
    Hours/week
    1
  • John Anzini

    Operations Manager (Until July 2024)

    Total calculated
    $0
    Hours/week
    1

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.

  • Gabilan Plaza 3 LP

    Low income Housing · CA

Related corporations and trusts

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

  • Gabilan III Housing Sponsorship LLC

    C · Low Income Housing · CA · 100% owned · share of income $59,559 · share of assets $3,334

    Directly controlled by UB of C & J 925 Housing Sponsors

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2026
IRS schema version
2024v5.5
Source object
202631039349300943

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