Totals
- Total revenue
- $316,257
- Total expenses
- $621,506
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $256,292
- Investment income
- $15,950
- Other revenue
- $44,015
- Total assets, end of year
- $7,512,459
- Total liabilities, end of year
- $12,097,796
- Net assets or fund balances, end of year
- -$4,585,337
- Program services expenses (Part IX)
- $597,803
- Management and general expenses
- $23,703
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $597,803
Program services were 96.2% 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: RENTAL REVENUES
total $256,292 · related or exempt $256,292
-
3 · Investment income
total $15,950 · related or exempt $15,950
-
11a · Other revenue: OTHER INCOME
total $43,695 · related or exempt $43,695
-
11b · Other revenue: TENANT CHARGES
total $320 · related or exempt $320
-
11e · Other revenue, total
$44,015
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $47,842 · program services $47,842
-
9 · Other employee benefits
total $7,025 · program services $7,025
-
10 · Payroll taxes
total $4,223 · program services $4,223
-
11a · Fees: management
total $23,328 · management and general $23,328
-
11b · Fees: legal
total $1,922 · program services $1,922
-
11c · Fees: accounting
total $8,000 · program services $8,000
-
13 · Office expenses
total $3,748 · program services $3,373 · management and general $375
-
20 · Interest
total $182,505 · program services $182,505
-
22 · Depreciation, depletion and amortization
total $214,980 · program services $214,980
-
23 · Insurance
total $11,894 · program services $11,894
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $41,136 · program services $41,136
-
24b · Other expenses: UTILITIES
total $26,877 · program services $26,877
-
24c · Other expenses: JANITORIAL AND CONTRACT
total $10,870 · program services $10,870
-
24d · Other expenses: MORTGAGE INSURANCE PREM
total $10,483 · program services $10,483
-
24e · All other expenses
total $26,673 · program services $26,673
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,370 · end of year $25,190
-
4 · Accounts receivable
beginning of year $17,212 · end of year $17,214
-
10a · Land, buildings and equipment: cost or other basis
$9,183,177
-
10b · Land, buildings and equipment: accumulated depreciation
$2,652,371
-
10c · Land, buildings and equipment, net
beginning of year $6,736,819 · end of year $6,530,806
-
13 · Investments: program-related
beginning of year $713,546 · end of year $784,300
-
14 · Intangible assets
beginning of year $163,916 · end of year $154,949
-
17 · Accounts payable and accrued expenses
beginning of year $33,904 · end of year $29,531
-
19 · Deferred revenue
beginning of year $1,427 · end of year $649
-
25 · Other liabilities
beginning of year $11,900,620 · end of year $12,067,616
-
27 · Net assets without donor restrictions
beginning of year -$4,280,088 · end of year -$4,585,337
Mission and programs · 2024
Mission
TO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT.
Activities or mission (Part I)
SEE SCHEDULE OTO PROVIDE AFFORDABLE HOUSING FOR FAMILIES WITH LOW AND MODERATE HOUSEHOLD INCOME LEVELS, AS WELL AS HOUSEHOLDS WHERE INDIVIDUALS ARE AFFECTED BY MENTAL ILLNESS RESIDE. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT.
-
THE PURPOSE OF PASEO DE LUZ, INC. IS TO PROVIDE RENTAL HOUSING AFFORDABLE TO LOW AND MODERATE INCOME HOUSEHOLDS AND PERSONS SUFFERING FROM MENTAL ILLNESS. IN ADDITION, SPECIFIC UNITS ARE SET-ASIDE FOR A TARGET POPULATION OF HOMELESS OR AT-RISK OF BECOMING HOMELESS INDIVDUALS AND FAMILIES WHERE BEHAVIORAL HEALTH ISSUES ARE PRESENT. VENTURA COUNTY BEHAVIORAL HEALTH (VCBH) ASSISTS IN OCCUPANCY OF THESE SET-ASIDE UNITS.
Expenses $597,803 · Revenue $316,257
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aiza GaldoAIZA GALDO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Victor RodriguezVICTOR RODRIGUEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Jessica CookJESSICA COOK
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Victoria BradyVICTORIA BRADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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.
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.
-
CABRILLO ECONOMIC DEVELOPMENT CORPORATION (CEDC)
501(C)(3) · DEVELOPMENT AND MANAGEMENT OF LOW-INCOME REAL ESTATE · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521259349302617
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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