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← SUNSET CHARITIES HOUSING CORPORATION

Form 990 for tax year 2024

Filed by SUNSET CHARITIES HOUSING CORPORATION.

Totals

Total revenue
$949,028
Total expenses
$1,024,788
Contributions and grants received
$264,366
Grants paid
$0
Program service revenue
$683,749
Investment income
$913
Other revenue
$0
Total assets, end of year
$10,500,284
Total liabilities, end of year
$8,935,205
Net assets or fund balances, end of year
$1,565,079
Program services expenses (Part IX)
$1,009,288
Management and general expenses
$15,500
Fundraising expenses
$0
Program service expenses (Part III)
$1,009,288

Program services were 98.5% 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)

    $264,366

  • 2a · Program service revenue: RENT

    total $676,423 · related or exempt $676,423

  • 2b · Program service revenue: LAUNDRY AND OTHER

    total $7,326 · related or exempt $7,326

  • 3 · Investment income

    total $913 · excluded $913

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $42,664 · program services $42,664

  • 8 · Pension plan contributions

    total $1,375 · program services $1,375

  • 9 · Other employee benefits

    total $10,368 · program services $10,368

  • 10 · Payroll taxes

    total $3,417 · program services $3,417

  • 11a · Fees: management

    total $42,423 · program services $42,423

  • 11c · Fees: accounting

    total $22,052 · program services $6,552 · management and general $15,500

  • 11g · Fees: other

    total $50,951 · program services $50,951

  • 12 · Advertising and promotion

    total $4,171 · program services $4,171

  • 13 · Office expenses

    total $5,395 · program services $5,395

  • 16 · Occupancy

    total $108,510 · program services $108,510

  • 20 · Interest

    total $330,030 · program services $330,030

  • 22 · Depreciation, depletion and amortization

    total $374,353 · program services $374,353

  • 23 · Insurance

    total $28,959 · program services $28,959

  • 24a · Other expenses: MISC LICENSES AND FEES

    total $120 · program services $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $303,697 · end of year $436,830

  • 4 · Accounts receivable

    beginning of year $1,231 · end of year $3,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,200 · end of year $8,386

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

    $13,328,789

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

    $3,406,661

  • 10c · Land, buildings and equipment, net

    beginning of year $10,296,481 · end of year $9,922,128

  • 15 · Other assets

    beginning of year $149,447 · end of year $129,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,886 · end of year $36,351

  • 19 · Deferred revenue

    beginning of year $2,925 · end of year $5,344

  • 23 · Secured mortgages and notes payable

    beginning of year $8,973,696 · end of year $8,858,434

  • 25 · Other liabilities

    beginning of year $36,710 · end of year $35,076

  • 27 · Net assets without donor restrictions

    beginning of year $1,640,839 · end of year $1,565,079

Mission and programs · 2024

Mission

TO DEVELOP AND MANAGE HIGH QUALITY AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND THEIR FAMILIES. THROUGH PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, THE ORGANIZATION CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.

Activities or mission (Part I)

TO PROVIDE LOW INCOME PERSONS IN SANTA CLARA COUNTY, CALIFORNIA WITH HOUSING FACILITIES AND SERVICES.

  • RENTAL OPERATION OF WESTWOOD AMBASSADOR APARTMENTS ("WESTWOOD"), A 42-UNIT APARTMENT COMPLEX IN SANTA CLARA, CALIFORNIA FOR LOW AND MODERATE INCOME HOUSEHOLDS. 72 INDIVIDUALS WERE SERVED DURING THE 12/31/2024 YEAR END.

    Expenses $1,009,288 · Revenue $683,749

As filed on the 2024 return.

Listed in Part VII

  • MARK MIKL

    EXECUTIVE DIRECTOR

    Total calculated
    $287,697
    From this org
    $0
    From related orgs
    $251,996
    Other
    $35,701
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,496 related
    Bonus
    $0 + $32,500 related
    Other
    $0
    Deferred
    $0 + $12,625 related
    Nontaxable benefits
    $0 + $23,076 related
    Filer's total
    $0 + $287,697 related

  • GREG KEPFERLE

    PRESIDENT - TO 12/01/24

    Total calculated
    $361,000
    From this org
    $0
    From related orgs
    $309,000
    Other
    $52,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,000 related
    Bonus
    $0
    Other
    $0 + $7,000 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $22,000 related
    Filer's total
    $0 + $361,000 related

  • DON TAYLOR

    PRESIDENT - FR. 12/01/24

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 40 related

  • BRUCE KNOBLOCK

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LIHN DIPIPPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HYOUNG CHONG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LAURA CARRASCO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • OCTAVIO FARFAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS HUANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LISA CALDWELL

    ASST. SECRETARY/DIR. OF PROPERTY MGMT

    Total calculated
    $264,302
    From this org
    $0
    From related orgs
    $237,375
    Other
    $26,927
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,375 related
    Bonus
    $0 + $33,000 related
    Other
    $0
    Deferred
    $0 + $11,869 related
    Nontaxable benefits
    $0 + $15,058 related
    Filer's total
    $0 + $264,302 related

  • TERRI FUKUDA

    CONTROLLER

    Total calculated
    $227,504
    From this org
    $0
    From related orgs
    $199,583
    Other
    $27,921
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,583 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $9,979 related
    Nontaxable benefits
    $0 + $17,942 related
    Filer's total
    $0 + $227,504 related

  • KATHLEEN ROBINSON

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $268,066
    From this org
    $0
    From related orgs
    $254,396
    Other
    $13,670
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,496 related
    Bonus
    $0 + $32,500 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $12,600 related
    Nontaxable benefits
    $0 + $1,070 related
    Filer's total
    $0 + $268,066 related

  • MARVEL ANG

    DIR. OF HOUSING DEV.

    Total calculated
    $238,942
    From this org
    $0
    From related orgs
    $226,775
    Other
    $12,167
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,375 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $11,219 related
    Nontaxable benefits
    $0 + $948 related
    Filer's total
    $0 + $238,942 related

  • MARIA OCHOA

    SR. HR MANAGER

    Total calculated
    $174,006
    From this org
    $0
    From related orgs
    $156,458
    Other
    $17,548
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,958 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $7,823 related
    Nontaxable benefits
    $0 + $9,725 related
    Filer's total
    $0 + $174,006 related

  • CAROL MOWAT

    FINANCE MANAGER

    Total calculated
    $185,921
    From this org
    $0
    From related orgs
    $176,279
    Other
    $9,642
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,379 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $8,694 related
    Nontaxable benefits
    $0 + $948 related
    Filer's total
    $0 + $185,921 related

  • YUHUI LI

    ASSET MANAGER

    Total calculated
    $183,939
    From this org
    $0
    From related orgs
    $174,275
    Other
    $9,664
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,375 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $8,594 related
    Nontaxable benefits
    $0 + $1,070 related
    Filer's total
    $0 + $183,939 related

  • HAI NGUYEN

    DIR. OF ASSET MGMT

    Total calculated
    $165,710
    From this org
    $0
    From related orgs
    $151,965
    Other
    $13,745
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,965 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $7,623 related
    Nontaxable benefits
    $0 + $6,122 related
    Filer's total
    $0 + $165,710 related

  • LARISA TROCHE

    ASSOC. DIR. OF PROPERTY MA

    Total calculated
    $194,825
    From this org
    $0
    From related orgs
    $161,233
    Other
    $33,592
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,733 related
    Bonus
    $0 + $10,500 related
    Other
    $0
    Deferred
    $0 + $8,062 related
    Nontaxable benefits
    $0 + $25,530 related
    Filer's total
    $0 + $194,825 related

  • MARIA GUERRERO

    COMPLIANCE MANAGER

    Total calculated
    $167,019
    From this org
    $0
    From related orgs
    $158,012
    Other
    $9,007
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,347 related
    Bonus
    $0 + $15,500 related
    Other
    $0 + $4,165 related
    Deferred
    $0 + $7,692 related
    Nontaxable benefits
    $0 + $1,315 related
    Filer's total
    $0 + $167,019 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
THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS AND KEY EMPLOYEES DIRECTLY. THE BOARD PRESIDENT IS COMPENSATED BY CATHOLIC CHARITIES OF SANTA CLARA COUNTY. EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE COMPENSATED BY CHARITIES HOUSING DEVELOPMENT CORPORATION, A RELATED ORGANIZATION. COMPENSATION FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS BASED ON COMPARABILITY DATA (SALARY SURVEYS BY REGION) AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF CHARITIES HOUSING DEVELOPMENT CORPORATION. THE EXACT COMPENSATION AMOUNTS TO THE PRESIDENTS ARE NOT AVAILABLE TO CHDC'S MANAGEMENT TEAM. THE AMOUNTS LISTED ON THIS RETURN ARE ESTIMATED BASED ON CATHOLIC CHARITIES' PRIOR YEAR 990.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202503109349302500

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