Totals
- Total revenue
- $2,290,859
- Total expenses
- $2,454,488
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,290,859
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $10,095,219
- Total liabilities, end of year
- $10,087,149
- Net assets or fund balances, end of year
- $8,070
- Program services expenses (Part IX)
- $2,454,488
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,454,487
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: Rents-Low Income Tenants
total $2,290,859 · related or exempt $2,290,859
-
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 $0
-
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 $14,873 · program services $14,873
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,114 · program services $17,114
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $10,158 · program services $10,158
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $321,756 · program services $321,756
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $328,650 · program services $328,650
-
23 · Insurance
total $20,630 · program services $20,630
-
24a · Other expenses: Management Fee
total $679,065 · program services $679,065
-
24b · Other expenses: Contracted Services
total $361,316 · program services $361,316
-
24c · Other expenses: Other Expenses
total $296,609 · program services $296,609
-
24d · Other expenses: Repairs & Maintenance
total $273,424 · program services $273,424
-
24e · All other expenses
total $130,893 · program services $130,893
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $801,343 · end of year $608,681
-
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 $8,544 · end of year $9,552
-
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
end of year $0
-
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
$10,820,069
-
10b · Land, buildings and equipment: accumulated depreciation
$1,965,646
-
10c · Land, buildings and equipment, net
beginning of year $9,136,012 · end of year $8,854,423
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $519,624 · end of year $622,563
-
17 · Accounts payable and accrued expenses
beginning of year $41,042 · end of year $15,237
-
23 · Secured mortgages and notes payable
beginning of year $10,095,561 · end of year $9,884,453
-
25 · Other liabilities
beginning of year $179,589 · end of year $187,459
-
27 · Net assets without donor restrictions
beginning of year $149,331 · end of year $8,070
Mission and programs · 2022
Mission
To provide low income housing to the citizens of the State of California.
-
The Corporation holds title to property for its parent nonprofit organization. The Corporation will collect income therefrom, and turn over the entire amount thereof, less expenses, to its parent organization. The Parent organization utilizes the proceeds to develop affordable housing.
Expenses $2,454,487 · Revenue $2,290,859
As filed on the 2022 return.
Listed in Part VII
-
Jesus Padron
President & CEO
- Total calculated
- $121,803
- From this org
- $0
- From related orgs
- $121,803
- Other
- $0
- Hours/week
- 2 + 38 related
-
Esteban Gonzales
Vice President
- Total calculated
- $101,864
- From this org
- $0
- From related orgs
- $101,864
- Other
- $0
- Hours/week
- 2 + 38 related
-
Michael Jimenez
Vice President
- Total calculated
- $90,040
- From this org
- $0
- From related orgs
- $90,040
- Other
- $0
- Hours/week
- 0 + 40 related
-
Rebecca Mendibles
Chair
- Total calculated
- $3,701
- From this org
- $0
- From related orgs
- $3,701
- Other
- $0
- Hours/week
- 0.5 + 1 related
-
Steve Navarro
Director
- Total calculated
- $1,200
- From this org
- $0
- From related orgs
- $1,200
- Other
- $0
- Hours/week
- 0.5 + 1 related
-
Conrad Mendoza
Director
- Total calculated
- $1,200
- From this org
- $0
- From related orgs
- $1,200
- Other
- $0
- Hours/week
- 0.5 + 1 related
-
Saul Palomares
Director
- Total calculated
- $1,000
- From this org
- $0
- From related orgs
- $1,000
- Other
- $0
- Hours/week
- 0.5 + 1 related
-
Ofelia Gamez
Director
- Total calculated
- $900
- From this org
- $0
- From related orgs
- $900
- Other
- $0
- Hours/week
- 0.5 + 1 related
-
Vincent Silva
Vice Chair
- Total calculated
- $900
- From this org
- $0
- From related orgs
- $900
- Other
- $0
- Hours/week
- 0.5
-
Mark Anthony Lozado
Sec/Treasurer
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $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.
-
501(c)(3) · Education, training, job placement · CA
-
San Diego County SER Jobs for Progress
501(c)(3) · Employment, training, counseling · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349311709
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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