Totals
- Total revenue
- $7,248,169
- Total expenses
- $5,543,907
- Contributions and grants received
- $3,717,000
- Grants paid
- $0
- Program service revenue
- $1,859,425
- Investment income
- $1,671,744
- Other revenue
- $0
- Total assets, end of year
- $69,114,315
- Total liabilities, end of year
- $21,906,552
- Net assets or fund balances, end of year
- $47,207,763
- Program services expenses (Part IX)
- $4,904,919
- Management and general expenses
- $638,988
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,904,919
Program services were 88.5% 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.
-
1d · Related organizations
$3,717,000
-
2a · Program service revenue: RENTAL INCOME
total $1,085,150 · related or exempt $1,085,150
-
2b · Program service revenue: CONSULTING FEES
total $421,851 · related or exempt $421,851
-
2c · Program service revenue: DEVELOPER FEES
total $187,500 · related or exempt $187,500
-
2d · Program service revenue: OTHER INCOME
total $133,667 · related or exempt $133,667
-
2e · Program service revenue: INCOME FROM PTRSHIP.
total $31,257 · related or exempt $31,257
-
3 · Investment income
total $1,671,744 · excluded $1,671,744
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,231,256 · program services $1,896,568 · management and general $334,688
-
9 · Other employee benefits
total $479,339 · program services $407,438 · management and general $71,901
-
10 · Payroll taxes
total $153,439 · program services $130,423 · management and general $23,016
-
11a · Fees: management
total $69,299 · program services $58,904 · management and general $10,395
-
11b · Fees: legal
total $3,875 · program services $3,294 · management and general $581
-
11c · Fees: accounting
total $74,681 · program services $63,479 · management and general $11,202
-
11g · Fees: other
total $60,908 · program services $51,772 · management and general $9,136
-
12 · Advertising and promotion
total $8,843 · program services $7,517 · management and general $1,326
-
14 · Information technology
total $57,429 · program services $48,815 · management and general $8,614
-
16 · Occupancy
total $157,136 · program services $133,566 · management and general $23,570
-
17 · Travel
total $116,427 · program services $98,963 · management and general $17,464
-
20 · Interest
total $11,842 · program services $10,066 · management and general $1,776
-
22 · Depreciation, depletion and amortization
total $111,729 · program services $94,970 · management and general $16,759
-
23 · Insurance
total $65,787 · program services $55,919 · management and general $9,868
-
24a · Other expenses: GROUND LEASE
total $710,550 · program services $710,550 · management and general $0
-
24b · Other expenses: OTHER PROGRAM COSTS
total $573,419 · program services $573,419 · management and general $0
-
24c · Other expenses: ADMINISTRATIVE EXPENSE
total $180,682 · program services $153,580 · management and general $27,102
-
24d · Other expenses: OPERATING & MAINTENANCE
total $155,873 · program services $132,492 · management and general $23,381
-
24e · All other expenses
total $321,393 · program services $273,184 · management and general $48,209
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,266,482 · end of year $6,693,792
-
2 · Savings and temporary cash investments
beginning of year $2,156,004 · end of year $2,186,270
-
3 · Pledges and grants receivable
beginning of year $67,488 · end of year $165,914
-
4 · Accounts receivable
beginning of year $19,527 · end of year $11,967
-
7 · Other notes and loans receivable
beginning of year $1,551,510 · end of year $2,438,335
-
9 · Prepaid expenses and deferred charges
beginning of year $607,202 · end of year $33,472
-
10a · Land, buildings and equipment: cost or other basis
$21,695,707
-
10b · Land, buildings and equipment: accumulated depreciation
$1,462,917
-
10c · Land, buildings and equipment, net
beginning of year $20,128,035 · end of year $20,232,790
-
12 · Investments: other securities
beginning of year $14,305,766 · end of year $16,028,106
-
13 · Investments: program-related
beginning of year $164,223 · end of year $175,277
-
15 · Other assets
beginning of year $16,027,597 · end of year $21,148,392
-
17 · Accounts payable and accrued expenses
beginning of year -$26,574 · end of year -$1,932
-
19 · Deferred revenue
beginning of year $7,036 · end of year $4
-
23 · Secured mortgages and notes payable
beginning of year $11,272,890 · end of year $11,278,905
-
25 · Other liabilities
beginning of year $6,871,881 · end of year $10,629,575
-
27 · Net assets without donor restrictions
beginning of year $45,168,601 · end of year $47,207,763
Mission and programs · 2024
Mission
TO FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW AND MODERATE-INCOME HOUSING IN PALO ALTO, CA. INCLUDES ACTIVITY OF ALTA HOUSING BMR SERVICES LLC (LIMITED LIABILITY COMPANY), A DISREGARDED ENTITY WHICH PROVIDES CONSULTING SERVICES FOR THE BENEFIT OF LOW-INCOME HOUSING INDIVIDUALS.
Activities or mission (Part I)
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE, OPERATE LOW AND MODERATE INCOME HOUSING IN PALO ALTO, CA.
-
FOSTER, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND OPERATE LOW- AND MODERATE-INCOME HOUSING FOR INDIVIDUALS AND FAMILIES IN PALO ALTO, CA.
Expenses $4,548,310 · Revenue $1,404,673
-
CONSULTING SERVICES FOR LOW INCOME HOUSING PROGRAMS.
Expenses $356,609 · Revenue $454,752
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jack ThompsonJACK THOMPSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tom MyersTOM MYERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jean McCownJEAN MCCOWN
DIRECTOR - FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lori SaitoLORI SAITO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie PackerBONNIE PACKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Martignetti JrJOSEPH MARTIGNETTI JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret SloanMARGARET SLOAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen RouttKAREN ROUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth RatnerELIZABETH RATNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maya PerkinsMAYA PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald HallRONALD HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Olya KrasnykhOLYA KRASNYKH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juan MendezJUAN MENDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa SchildMELISSA SCHILD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janice YuenJANICE YUEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randal TsudaRANDAL TSUDA
PRESIDENT & CEO
- Total calculated
- $362,066
- From this org
- $0
- From related orgs
- $296,894
- Other
- $65,172
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $269,894 related
- Bonus
- $0 + $27,000 related
- Other
- $0
- Deferred
- $0 + $17,814 related
- Nontaxable benefits
- $0 + $47,358 related
- Filer's total
- $0 + $362,066 related
-
Marc GarciaMARC GARCIA
CFO
- Total calculated
- $266,315
- From this org
- $0
- From related orgs
- $214,486
- Other
- $51,829
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $207,443 related
- Bonus
- $0 + $7,043 related
- Other
- $0
- Deferred
- $0 + $12,869 related
- Nontaxable benefits
- $0 + $38,960 related
- Filer's total
- $0 + $266,315 related
-
Sheryl KleinSHERYL KLEIN
COO
- Total calculated
- $240,565
- From this org
- $0
- From related orgs
- $226,948
- Other
- $13,617
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $226,948 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,617 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $240,565 related
-
Serena ChungSERENA CHUNG
CHIEF PEOPLE OFFICER
- Total calculated
- $173,662
- From this org
- $0
- From related orgs
- $144,242
- Other
- $29,420
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $141,158 related
- Bonus
- $0 + $3,084 related
- Other
- $0
- Deferred
- $0 + $8,654 related
- Nontaxable benefits
- $0 + $20,766 related
- Filer's total
- $0 + $173,662 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
- RELATED ORGANIZATION'S OFFICERS COMPENSATION IS DETERMINED BY THE BOARD. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS REQUIRED.
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.
-
ARASTRADERO PARK APARTMENTS CORPORATION
501(C)(3) · TO PROVIDE LOW INCOME HOUSING · CA
Directly controlled by ALTA HOUSING
-
COLORADO PARK HOUSING CORPORATION
501(C)(3) · TO PROVIDE LOW INCOME HOUSING · CA
Directly controlled by ALTA HOUSING
-
501(C)(3) · GP OF AFFORDABLE HOUSING PARTNERSHIP · CA
Directly controlled by ALTA HOUSING
-
501(C)(3) · TO PROVIDE LOW INCOME HOUSING · CA
Directly controlled by ALTA HOUSING
-
PAHC CALIFORNIA PARK CORPORATION
501(C)(3) · GP OF AFFORDABLE HOUSING PARTNERSHIP · CA
Directly controlled by ALTA HOUSING
-
ALTA HOUSING MANAGEMENT AND SERVICES CORPORATION
501(C)(3) · HOUSING MANAGEMENT SERVICES · CA
Directly controlled by ALTA HOUSING
-
501(C)(3) · TO PROVIDE LOW INCOME HOUSING · CA
Directly controlled by ALTA HOUSING
-
501(C)(3) · GP OF AFFORDABLE HOUSING PARTNERSHIP · CA
Directly controlled by ALTA HOUSING
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.
-
1020 UNDERGROUND LLC
LOW INCOME HOUSING · CA · income $113 · assets $50,113
Directly controlled by ALTA HOUSING
-
2821 ECR LLC
LOW INCOME HOUSING · CA · income $3,266 · assets -$40,645
Directly controlled by ALTA HOUSING
-
950 ECR LLC
LOW INCOME HOUSING · CA · income $28,412 · assets $242,663
Directly controlled by ALTA HOUSING
-
AH 1818 ERC LLC
LOW INCOME HOUSING · CA · income $0 · assets $0
Directly controlled by ALTA HOUSING
-
AH 2320 ECR LLC
LOW INCOME HOUSING · CA · income $0 · assets $6,698,696
Directly controlled by ALTA HOUSING
-
AH 2801 ECR LLC
LOW INCOME HOUSING · CA · income $259 · assets $9,809
Directly controlled by ALTA HOUSING
-
AH BESPOKE LLC
LOW INCOME HOUSING · CA · income $263 · assets $10,263
Directly controlled by ALTA HOUSING
-
AH LOT 12 LLC
LOW INCOME HOUSING · CA · income $0 · assets $0
Directly controlled by ALTA HOUSING
-
ALTA HOUSING BMR SERVICES LLC
LOW INCOME HOUSING · CA · income $456,305 · assets $251,843
Directly controlled by ALTA HOUSING
-
CALIFORNIA PARK LLC
LOW INCOME HOUSING · CA · income $1,127,606 · assets $7,558,324
Directly controlled by ALTA HOUSING
-
EL CAMINO PROPERTY LLC
LOW INCOME HOUSING · CA · income $1,372 · assets $559,712
Directly controlled by ALTA HOUSING
-
TERRA BELLA I LLC
LOW INCOME HOUSING · CA · income $11,406 · assets $10,992,817
Directly controlled by ALTA HOUSING
-
TERRA BELLA II LLC
LOW INCOME HOUSING · CA · income $3,126 · assets $8,699,109
Directly controlled by ALTA HOUSING
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
1701 ECR LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income -$60 · share of assets $2,170,915 · general or managing partner
Directly controlled by EL CAMINO PROPERTY LLC
-
2821 EL CAMINO REAL LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $28,016 · share of assets $539,482 · general or managing partner
Directly controlled by 2821 ECR LLC
-
950 EL CAMINO REAL LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $27,138 · share of assets $4,415,989 · general or managing partner
Directly controlled by 950 ECR LLC
-
AH 2320 ECR LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 99% owned · general or managing partner
Directly controlled by AH 2320 ECR LLC & ALTA HOUSING
-
AH 2801 ECR LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 99% owned · general or managing partner
Directly controlled by AH 2801 ECR LLC & ALTA HOUSING
-
AH BESPOKE LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 99% owned · general or managing partner
Directly controlled by AH BESPOKE LLC & ALTA HOUSING
-
ALMA PLACE ASSOCIATES
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by PAHC ALMA PLACE INC & PAHC APARTMENTS INC
-
ARASTRADERO PARK LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 1% owned
Directly controlled by ARASTRADERO PARK APARTMENTS CORP & ALTA HOUSING
-
COLORADO PARK LP
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by COLORADO PARK HOUSING CORP
-
OAK COURT APARTMENTS LP
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by PAHC PARTNERS LLC & PAHC SHERIDAN APARTMENTS INC
-
SHERIDAN APTS AFFORDABLE HOUSING LP
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by PAHC APARTMENTS INC & PAHC SHERIDAN APARTMENTS INC
-
TERRA BELLA I LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 99% owned · share of income -$800 · share of assets $114,368 · general or managing partner
Directly controlled by TERRA BELLA I LLC
-
TERRA BELLA II LP
RELATED · AFFORDABLE RENTAL HOUSING · CA · 99% owned · general or managing partner
Directly controlled by TERRA BELLA II LLC & ALTA HOUSING
-
TREE HOUSE APARTMENTS LP
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by PAHC CALIFORNIA PARK CORP
-
WEBSTER WOOD APARTMENTS LLC
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by PAHC APARTMENTS INC & PAHC PROPERTIES CORP
-
WILTON ECR LP
RELATED · AFFORDABLE RENTAL HOUSING · CA
Directly controlled by WILTON COURT LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349310927
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