Form 990 for tax year 2022
Filed by ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,058,745
- Total expenses
- $3,573,634
- Contributions and grants received
- $0
- Grants paid
- $3,138,774
- Program service revenue
- $1,058,745
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $55,504,610
- Total liabilities, end of year
- $3,845,336
- Net assets or fund balances, end of year
- $51,659,274
- Program services expenses (Part IX)
- $3,573,634
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,573,634
Program services were 100.0% 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: MANAGEMENT FEES
total $22,491 · related or exempt $22,491
-
2b · Program service revenue: OTHER TENANT CHARGES
total $139,207 · related or exempt $139,207
-
2c · Program service revenue: PROGRAM INCOME
total $897,047 · related or exempt $897,047
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,138,774 · program services $3,138,774
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $415,714 · program services $415,714
-
23 · Insurance
total $0
-
24a · Other expenses: ADMINISTRATIVE
total $10,194 · program services $10,194
-
24b · Other expenses: TAXES & LICENSES
total $8,952 · program services $8,952
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,283 · end of year $246,701
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $3,312 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $36,771,725 · end of year $45,023,345
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,910,000
-
10b · Land, buildings and equipment: accumulated depreciation
$1,662,857
-
10c · Land, buildings and equipment, net
beginning of year $1,662,857 · end of year $1,247,143
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $5,075,988 · end of year $2,786,356
-
14 · Intangible assets
beginning of year $10,000 · end of year $10,000
-
15 · Other assets
beginning of year $7,781,192 · end of year $6,191,065
-
17 · Accounts payable and accrued expenses
beginning of year $6,356,205 · end of year $3,845,336
-
27 · Net assets without donor restrictions
beginning of year $45,117,152 · end of year $51,659,274
Mission and programs · 2022
Mission
To create affordable housing opportunities for low and moderate income persons, through development, ownership, acquisition, lending and investment and to promote community development to improve housing and economic conditions of the underprivileged.
-
Esperanza Housing and Community Development Corporation (Esperanza), a California Nonprofit Corporation, has partnership interests in various limited partnerships and is the sole member of several LLC that hold partnership interests. These entities are disclosed on Schedule R. The limited partnerships are developed and operated by Community HousingWorks (CHW), a California Nonprofit Corporation, as affordable housing for low-income persons. Each of these limited partnership's file a separate partnership tax return Form 1065 (federal) and Form 565 (state). Esperanza's mission to develop housing for low-income persons and to promote community development to improve the housing and economic conditions of the underprivileged is fulfilled through its participation as a limited partner in these limited partnerships.
Expenses $3,573,634 · Grants $3,138,774
As filed on the 2022 return.
Listed in Part VII
-
Sean SpearSEAN SPEAR
President & CEO
- Total calculated
- $356,406
- From this org
- $0
- From related orgs
- $344,126
- Other
- $12,280
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $298,181 related
- Bonus
- not reported + $45,945 related
- Other
- not reported
- Deferred
- not reported + $12,280 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $356,406 related
-
Brian KayBRIAN KAY
CFO
- Total calculated
- $298,274
- From this org
- $0
- From related orgs
- $290,698
- Other
- $7,576
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $246,341 related
- Bonus
- not reported + $44,357 related
- Other
- not reported
- Deferred
- not reported + $7,576 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $298,274 related
-
Don AmbroseDON AMBROSE
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Noni RamosNONI RAMOS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
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
-
$3,138,774
PROGRAM SUPPORT
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.
-
ESCONDIDO FAMILY HOUSING CORPORATION
501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity
Directly controlled by COMMUNITY HOUSINGWORKS
-
501(C)(3) · LOW-INCOME HOUSING · CA
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 $606,954 · assets $30,106,577
Directly controlled by ESPERANZA HOUSING
-
CONCORD SUN RIDGE LLC
LOW INCOME HOUSING · CA · income $208,798 · assets $8,969,892
Directly controlled by ESPERANZA HOUSING
-
CHW LAS HACIENDAS DEVELOPMENT LLC
LOW INCOME HOUSING · CA · income $21,261
Directly controlled by ESPERANZA HOUSING
-
NAVAJO ROAD DEVELOPMENT HOLDING LLC
LOW INCOME HOUSING · CA · income $78,000 · assets $2,411,805
Directly controlled by ESPERANZA HOUSING
-
CHW BEECH STREET DEVELOPMENT LLC
LOW INCOME HOUSING · CA
Directly controlled by ESPERANZA HOUSING
-
CHW SOUTH SANTA FE COMMERCIAL LLC
LOW INCOME HOUSING · CA
Directly controlled by ESPERANZA HOUSING
-
HIGHLAND AVENUE DEVELOPMENT HOLDING CO
LOW INCOME HOUSING · CA · income $39,946 · assets $53,021
Directly controlled by ESPERANZA HOUSING
-
KEELER COURT AHSC LLC
LOW INCOME HOUSING · CA · assets $1,530,246
Directly controlled by ESPERANZA HOUSING
-
CAMBERN AVENUE DEVELOPMENT HOLDING COMP
LOW INCOME HOUSING · CA
Directly controlled by ESPERANZA HOUSING
-
Q STREET DEVELOPMENT HOLDING COMPANY LLC
LOW INCOME HOUSING · CA
Directly controlled by ESPERANZA HOUSING
-
RICHARDS ROAD DEVELOPMENT HOLDING CO LLC
LOW INCOME HOUSING · CA
Directly controlled by ESPERANZA HOUSING
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BREIHAN HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$202,875 · share of assets $6,126,961
Directly controlled by CHW
-
CEDAR ROAD HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 66% owned · share of income $70,369 · share of assets $2,107,919
Directly controlled by CHW
-
HALEY RANCH ESTATES HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$181,854 · share of assets $3,895,105
Directly controlled by CHW
-
DAYBREAK HOUSING PARTNERSHIP
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$67,083 · share of assets $1,532,762
Directly controlled by CHW
-
ORANGE PLACE HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income $65,003 · share of assets $2,165,619
Directly controlled by CHW
-
TREMONT STREET APARTMENTS
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income $2,298 · share of assets $567,129
Directly controlled by CHW
-
NETTLETON ROAD HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income $23,544 · share of assets $659,363
Directly controlled by CHW
-
THE BOWRON ROAD GROUP LIMITED
RELATED · LOW-INCOME HOUSING · CA · 99.98% owned · share of income -$156,786 · share of assets $3,468,918
Directly controlled by CHW
-
CHW ULRIC STREET DEVELOPMENT
RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$265,722
Directly controlled by CHW
-
KALMIA STREET HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 1% owned
Directly controlled by CHW
-
WINONA GARDENS HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$66,494 · share of assets $3,098,619
Directly controlled by CHW
-
EUCALYPTUS VIEW COOP HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$132,901 · share of assets $1,143,302
Directly controlled by CHW
-
ESPERANZA GARDEN APARTMENTS
RELATED · LOW-INCOME HOUSING · CA · 1% owned · share of income $21,929 · share of assets $244,548 · general or managing partner
Directly controlled by CHW
-
DOVE FAMILY HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income $376,079 · share of assets $20,675,848
Directly controlled by CHW
-
MISSION GROVE HOUSING
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$308,483 · share of assets $5,258,929
Directly controlled by CHW
-
LINDA VISTA HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.9% owned
Directly controlled by CHW
-
DELTA VILLAGE HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$677,245 · share of assets $22,224,093
Directly controlled by CHW
-
FALLBROOK VIEW HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$349,518 · share of assets $6,121,112
Directly controlled by CHW
-
PORTOLA SENIOR HOUSING ASSOCIATES
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned
Directly controlled by CHW
-
WINONA AVE HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 1% owned · share of assets $160,824 · general or managing partner
Directly controlled by CHW
-
BEECH STREET HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 1% owned
Directly controlled by CHW
-
D AVENUE HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 1% owned
Directly controlled by CHW
-
CAMBERN AVENUE HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 1% owned · general or managing partner
Directly controlled by CHW
-
Q STREET HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 1% owned · share of assets $7,263
Directly controlled by CHW
-
ALABAMA MANOR HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$58,630 · share of assets $7,026,418
Directly controlled by CHW
-
COMMUNITY ROAD HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$397,262 · share of assets $5,897,557
Directly controlled by CHW
-
NAVAJO ROAD HOUSING ASSOCIATES LP
RELATED · LOW-INCOME HOUSING · CA · 99.99% owned
Directly controlled by CHW
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342799349300924
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