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Nonprofiteer
← VISTA DEL MONTE AFFORDABLE HOUSING INC

Form 990 for tax year 2022

Filed by VISTA DEL MONTE AFFORDABLE HOUSING INC.

Totals

Total revenue
$4,996,103
Total expenses
$5,582,431
Contributions and grants received
$0
Grants paid
$3,100,000
Program service revenue
$2,119,448
Investment income
$2,876,655
Other revenue
$0
Total assets, end of year
$19,133,384
Total liabilities, end of year
$14,147,006
Net assets or fund balances, end of year
$4,986,378
Program services expenses (Part IX)
$5,527,409
Management and general expenses
$55,022
Fundraising expenses
$0
Program service expenses (Part III)
$5,527,409

Program services were 99.0% 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.

  • 2a · Program service revenue: TENANT RENT

    total $2,080,494 · related or exempt $2,080,494

  • 2b · Program service revenue: MISCELLANEOUS REVENUE

    total $38,954 · related or exempt $38,954

  • 3 · Investment income

    total $2,876,655 · related or exempt $2,876,655

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,100,000 · program services $3,100,000

  • 11b · Fees: legal

    total $12,220 · program services $12,220

  • 11c · Fees: accounting

    total $22,632 · management and general $22,632

  • 11g · Fees: other

    total $32,390 · management and general $32,390

  • 20 · Interest

    total $593,780 · program services $593,780

  • 22 · Depreciation, depletion and amortization

    total $344,596 · program services $344,596

  • 23 · Insurance

    total $230,915 · program services $230,915

  • 24a · Other expenses: COMPENSATION AND BENEFITS

    total $401,331 · program services $401,331

  • 24b · Other expenses: BUILDING MAINTENANCE

    total $327,706 · program services $327,706

  • 24c · Other expenses: OFFICE OPERATIONS

    total $161,374 · program services $161,374

  • 24d · Other expenses: OCCUPANCY

    total $121,995 · program services $121,995

  • 24e · All other expenses

    total $233,492 · program services $233,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,096,661 · end of year $2,443,085

  • 4 · Accounts receivable

    beginning of year $8,181 · end of year $9,538

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,323 · end of year $15,125

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

    $15,161,659

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

    $1,801,514

  • 10c · Land, buildings and equipment, net

    beginning of year $14,180,216 · end of year $13,360,145

  • 13 · Investments: program-related

    beginning of year $2,230,104 · end of year $2,292,557

  • 15 · Other assets

    beginning of year $1,068,479 · end of year $1,012,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,427 · end of year $17,041

  • 25 · Other liabilities

    beginning of year $13,997,831 · end of year $14,129,965

  • 27 · Net assets without donor restrictions

    beginning of year $5,572,706 · end of year $4,986,378

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE AND/OR SUPPORT SAFE, DECENT, AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

  • THE ORGANIZATION'S PRIMARY RECURRING REVENUES CONSIST OF LAND LEASE AND TENANT RENTAL REVENUES FROM ITS MATERIAL INVESTEES, VISTA DEL MONTE HOUSING, L.P. AND CASAS BLANCAS HOUSING, LLC, WHICH ARE LOW INCOME HOUSING PROJECTS, AND PARTNERSHIP & LLC INCOME AND LOSSES FROM ITS GENERAL PARTNER & MEMBER INTERESTS IN LOW INCOME HOUSING LIMITED PARTNERSHIPS AND LLCS. THESE REVENUES SUPPORT THE DEVELOPMENT OF LOW INCOME HOUSING PROJECTS FACILITATED BY THE ORGANIZATION AND/OR ITS SPONSOR, CESAR CHAVEZ FOUNDATION AND, THEREFORE, PROMOTE THE ORGANIZATION'S MISSION AND ITS EXEMPT PURPOSES OF PROVIDING SAFE AND AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES.

    Expenses $5,527,409

As filed on the 2022 return.

Listed in Part VII

  • Paul F Chavez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Luis Conde

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Paul S Park

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 15 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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

  • CESAR CHAVEZ FOUNDATIO

    $3,100,000

    TO PROMOTE AND SUPPO

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SANTA CLARA HOUSING LLC

    HOUSING SU · CA

    Directly controlled by VISTA DEL

  • CASA VELASCO HOUSING LLC

    HOUSING · CA

    Directly controlled by VISTA DEL

  • KINGS CANYON AFFORDABLE HOUSING LL

    HOUSING · CA

    Directly controlled by VISTA DEL

  • LA PLAZA VILLAGE HOUSING LLC

    HOUSING · CA

    Directly controlled by VISTA DEL

  • VILLA ROBLES HOUSING LLC

    HOUSING · CA

    Directly controlled by VISTA DEL

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VISTA DEL MONTE HOUSING LP

    HOUSING · CA · general or managing partner

  • AGUILA VILLAGE HOUSING DEVELOPMENT

    HOUSING · TX

  • ALBUQUERQUESANDIA VISTA LIMITED PA

    HOUSING · NM

  • ALBUQUERQUESUNNY ACRES LIMITED PAR

    HOUSING · NM

  • ALTON HOUSING DEVELOPMENT LP

    HOUSING · TX

Related corporations and trusts

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

  • CHAVEZ RADIO GROUP

    RADIO STAT · CA

  • RADIO CAMPESINA BAKERSFIELD INC

    RADIO · CA

  • KEENE STORE INC

    RETIAL SAL · CA

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202333039349302108

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