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Nonprofiteer
← ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,697,340
Total expenses
$4,708,562
Contributions and grants received
$0
Grants paid
$1,274,621
Program service revenue
$4,697,340
Investment income
$0
Other revenue
$0
Total assets, end of year
$171,394,736
Total liabilities, end of year
$81,812,188
Net assets or fund balances, end of year
$89,582,548
Program services expenses (Part IX)
$4,708,562
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,708,562

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SEAN SPEAR

    PRESIDENT & CEO

    Total calculated
    $416,759
    From this org
    $0
    From related orgs
    $389,380
    Other
    $27,379
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,707 related
    Bonus
    $0 + $53,673 related
    Other
    $0
    Deferred
    $0 + $11,757 related
    Nontaxable benefits
    $0 + $15,622 related
    Filer's total
    $0 + $416,759 related

  • DON AMBROSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NONI RAMOS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN KAY CFO

    CFO

    Total calculated
    $327,059
    From this org
    $0
    From related orgs
    $301,239
    Other
    $25,820
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,824 related
    Bonus
    $0 + $39,415 related
    Other
    $0
    Deferred
    $0 + $12,422 related
    Nontaxable benefits
    $0 + $13,398 related
    Filer's total
    $0 + $327,059 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- METHODS USED BY RELATED ORG. TO ESTABLISH CEO/EXEC. DIR. CO
ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION DOES NOT HAVE ANY EMPLOYEES. ALL WAGES PAID ARE RELATED TO COMMUNITY HOUSINGWORKS. COMMUNITY HOUSINGWORKS USES INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIVERATION AND DECEISION TO DETERMINE SALARIES FOR THE CEO, OFFICES AND KEY EMPLOYEES.

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

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.

  • WOOSTER AVE LLC

    LOW INCOME HOUSING · CA · income $628,044 · assets $30,734,422

    Directly controlled by ESPERANZA HOUSING

  • CONCORD SUN RIDGE LLC

    LOW INCOME HOUSING · CA · income $0 · assets $0

    Directly controlled by ESPERANZA HOUSING

  • CHW LAS HACIENDAS DEVELOPMENT LLC

    LOW INCOME HOUSING · CA · income $0 · assets $0

    Directly controlled by ESPERANZA HOUSING

  • NAVAJO ROAD DEVELOPMENT HOLDING LLC

    LOW INCOME HOUSING · CA · income $8,000 · assets $2,669,455

    Directly controlled by ESPERANZA HOUSING

  • CHW BEECH STREET DEVELOPMENT LLC

    LOW INCOME HOUSING · CA · income $0 · assets $0

    Directly controlled by ESPERANZA HOUSING

  • CHW SOUTH SANTA FE COMMERCIAL LLC

    LOW INCOME HOUSING · CA · income $0 · assets $0

    Directly controlled by ESPERANZA HOUSING

  • HIGHLAND AVENUE DEVELOPMENT HOUSING CO

    LOW INCOME HOUSING · CA · income $40,744 · assets $93,766

    Directly controlled by ESPERANZA HOUSING

  • KEELER COURT AHSC LLC

    LOW INCOME HOUSING · CA · income $0 · assets $1,563,199

    Directly controlled by ESPERANZA HOUSING

  • CAMBERN AVENUE DEVELOPMENT HOLDING COMP

    LOW INCOME HOUSING · CA · income $2,500 · assets $2,915,198

    Directly controlled by ESPERANZA HOUSING

  • Q STREET DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $0 · assets $4,391,837

    Directly controlled by ESPERANZA HOUSING

  • RICHARDS ROAD DEVELOPMENT HOLDING CO LLC

    LOW INCOME HOUSING · CA · income $3,729,201 · assets $71,708,369

    Directly controlled by ESPERANZA HOUSING

  • I STREET DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $16,915 · assets $2,862,934

    Directly controlled by ESPERANZA HOUSING

  • PACIFIC STREET DEVELOPMENT HOLDING COMPANY

    LOW INCOME HOUSING · CA · income $0 · assets $201,418

    Directly controlled by ESPERANZA HOUSING

  • SWIFT AVENUE DEVELOPMENT HOLDING COMPANY

    LOW INCOME HOUSING · CA · income $0 · assets $2,466,961

    Directly controlled by ESPERANZA HOUSING

  • XENIA AVENUE HOLDING COMPANY

    LOW INCOME HOUSING · CA · income $0 · assets $1,228,450

    Directly controlled by ESPERANZA HOUSING

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403169349303375

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