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Nonprofiteer
← SDHC BUILDING OPPORTUNITIES INC

Form 990 for tax year 2024

Filed by SDHC BUILDING OPPORTUNITIES INC.

Totals

Total revenue
$370,042
Total expenses
$373,737
Contributions and grants received
$370,042
Grants paid
$369,511
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$42,733
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$42,733
Program services expenses (Part IX)
$369,537
Management and general expenses
$4,200
Fundraising expenses
$0
Program service expenses (Part III)
$369,537

Program services were 98.9% 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

    $370,042

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $369,511 · program services $369,511

  • 11c · Fees: accounting

    total $4,200 · management and general $4,200

  • 13 · Office expenses

    total $26 · program services $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,428 · end of year $42,733

  • 27 · Net assets without donor restrictions

    beginning of year $46,428 · end of year $42,733

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR LOW- AND MODERATE-INCOME RESIDENTS OF THE CITY OF SAN DIEGO AND COUNTY OF SAN DIEGO.

Activities or mission (Part I)

IMPROVE THE QUALITY OF LIFE FOR LOW- & MODERATE-INCOME RESIDENTS OF THE CITY AND COUNTY OF SAN DIEGO

  • SDHC BUILDING OPPORTUNITIES INC. SUPPORTS PROGRAMS THAT PROVIDE OPPORTUNITIES TO IMPROVE THE QUALITY OF LIFE FOR LOW- AND MODERATE-INCOME FAMILIES IN THE CITY OR COUNTY OF SAN DIEGO.

    Expenses $369,537 · Grants $369,511

As filed on the 2024 return.

Listed in Part VII

  • Debra Fischle-Faulk

    BOARD MEMBER

    Total calculated
    $314,993
    From this org
    $0
    From related orgs
    $262,349
    Other
    $52,644
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,472 related
    Bonus
    $0 + $10,877 related
    Other
    $0
    Deferred
    $0 + $41,845 related
    Nontaxable benefits
    $0 + $10,799 related
    Filer's total
    $0 + $314,993 related
  • Jeffrey Davis

    INTERIM BOARD CHAIR

    Total calculated
    $426,448
    From this org
    $0
    From related orgs
    $347,040
    Other
    $79,408
    Hours/week
    0.5 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,532 related
    Bonus
    $0 + $15,508 related
    Other
    $0
    Deferred
    $0 + $48,896 related
    Nontaxable benefits
    $0 + $30,512 related
    Filer's total
    $0 + $426,448 related
  • Lisa Jones

    BOARD MEMBER

    Total calculated
    $449,490
    From this org
    $0
    From related orgs
    $385,500
    Other
    $63,990
    Hours/week
    0.5 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,726 related
    Nontaxable benefits
    $0 + $9,264 related
    Filer's total
    $0 + $449,490 related
  • Suket Dayal

    BOARD MEMBER

    Total calculated
    $355,124
    From this org
    $0
    From related orgs
    $305,863
    Other
    $49,261
    Hours/week
    0.5 + 29.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,408 related
    Bonus
    $0 + $12,455 related
    Other
    $0
    Deferred
    $0 + $47,663 related
    Nontaxable benefits
    $0 + $1,598 related
    Filer's total
    $0 + $355,124 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
ALL WAGES ARE PAID BY THE SAN DIEGO HOUSING COMMISSION, WHICH IS A GOVERNMENTAL UNIT AND LISTED AS A RELATED ORGANIZATION ON SCHEDULE R. THE SAN DIEGO HOUSING COMMISSION IS A PUBLIC AGENCY THAT WAS FORMED UNDER THE PROVISIONS OF STATE LAW, HEALTH, & SAFETY CODE, BY ORDINANCE OF THE CITY OF SAN DIEGO, SDMC SECTION 98.0301.

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

  • SAN DIEGO HOUSING COMMISSION

    $369,511

    FIRST-TIME HOMEBUYER (FTHB), RELOCATION ASSISTANCE FOR FLOOD VICTIMS, PROVIDE CERTIFIED MEDICAL ASSISTANT TRAINING AND LIFE SKILLS, RTF, SENIORS SAFE AT HOME PROGRAM AND UNRESTRICTED DONATIONS

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.

  • SAN DIEGO HOUSING COMMISSION

    GOVERNMENT · PUBLIC HOUSING AGENCY · CA

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202601319349302840

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