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Nonprofiteer
← ABODE HOUSING DEVELOPMENT

Form 990 for tax year 2024

Filed by ABODE HOUSING DEVELOPMENT.

Totals

Total revenue
$16,010,737
Total expenses
$15,762,226
Contributions and grants received
$1,143,068
Grants paid
$0
Program service revenue
$14,602,768
Investment income
$264,901
Other revenue
$0
Total assets, end of year
$113,170,396
Total liabilities, end of year
$89,559,536
Net assets or fund balances, end of year
$23,610,860
Program services expenses (Part IX)
$12,969,948
Management and general expenses
$2,771,324
Fundraising expenses
$20,954
Program service expenses (Part III)
$12,969,948

Program services were 82.3% 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.

  • 1e · Government grants (contributions)

    $1,143,068

  • 2a · Program service revenue: DEVELOPER FEES

    total $7,744,415 · related or exempt $7,744,415

  • 2b · Program service revenue: RENTAL INCOME

    total $4,849,396 · related or exempt $4,849,396

  • 2c · Program service revenue: MANAGEMENT FEES

    total $1,675,850 · related or exempt $1,675,850

  • 2d · Program service revenue: MISC TENANT SERVICES

    total $235,637 · related or exempt $235,637

  • 2e · Program service revenue: INCOME PTRSHIP INVESTMENTS

    total $97,470 · related or exempt $97,470

  • 3 · Investment income

    total $191,555 · excluded $191,555

  • 7a · Gross sales of assets other than inventory

    securities $73,346

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $73,346

  • 7d · Net gain or loss

    total $73,346 · excluded $73,346

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $229,848 · program services $159,647 · management and general $69,357 · fundraising $844

  • 7 · Other salaries and wages

    total $4,663,410 · program services $3,219,152 · management and general $1,427,003 · fundraising $17,255

  • 9 · Other employee benefits

    total $490,150 · program services $381,875 · management and general $106,707 · fundraising $1,568

  • 10 · Payroll taxes

    total $428,864 · program services $334,085 · management and general $93,492 · fundraising $1,287

  • 11a · Fees: management

    total $1,731,763 · program services $1,257,953 · management and general $473,810

  • 11b · Fees: legal

    total $38,411 · program services $17,769 · management and general $20,642

  • 11c · Fees: accounting

    total $625,207 · program services $289,221 · management and general $335,986

  • 11g · Fees: other

    total $155,396 · program services $71,886 · management and general $83,510

  • 13 · Office expenses

    total $151,972 · program services $94,770 · management and general $57,202

  • 16 · Occupancy

    total $93,154 · program services $93,154

  • 17 · Travel

    total $25,933 · program services $22,619 · management and general $3,314

  • 20 · Interest

    total $1,221,863 · program services $1,221,863

  • 22 · Depreciation, depletion and amortization

    total $2,125,643 · program services $2,125,643

  • 23 · Insurance

    total $356,554 · program services $273,762 · management and general $82,792

  • 24a · Other expenses: SECURITY CONTRACT

    total $782,580 · program services $782,580

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $777,736 · program services $777,736

  • 24c · Other expenses: UTILITIES

    total $768,899 · program services $768,899

  • 24d · Other expenses: BAD DEBT

    total $380,710 · program services $380,710

  • 24e · All other expenses

    total $714,133 · program services $696,624 · management and general $17,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,160,828 · end of year $3,911,101

  • 3 · Pledges and grants receivable

    beginning of year $29,547 · end of year $24,187

  • 4 · Accounts receivable

    beginning of year $21,599,353 · end of year $23,102,163

  • 7 · Other notes and loans receivable

    beginning of year $5,746,375 · end of year $6,843,788

  • 9 · Prepaid expenses and deferred charges

    beginning of year $252,156 · end of year $232,223

  • 10a · Land, buildings and equipment: cost or other basis

    $62,487,996

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,696,705

  • 10c · Land, buildings and equipment, net

    beginning of year $59,473,251 · end of year $57,791,291

  • 12 · Investments: other securities

    beginning of year $1,532,018 · end of year $1,570,282

  • 13 · Investments: program-related

    beginning of year $7,837,636 · end of year $9,035,138

  • 15 · Other assets

    beginning of year $7,205,800 · end of year $10,660,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,207,392 · end of year $3,052,524

  • 19 · Deferred revenue

    beginning of year $88,131 · end of year $72,058

  • 23 · Secured mortgages and notes payable

    beginning of year $69,237,554 · end of year $82,610,908

  • 25 · Other liabilities

    beginning of year $3,513,016 · end of year $3,824,046

  • 27 · Net assets without donor restrictions

    beginning of year $19,790,871 · end of year $17,610,860

  • 28 · Net assets with donor restrictions

    beginning of year $6,000,000 · end of year $6,000,000

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING LINKED TO SUPPORT SERVICES FOR LOW-INCOME INDIVIDUALS AND FAMILIES. ABODE IS A SUPPORTIVE HOUSING DEVELOPMENT ORGANIZATION FOCUSED ON DEVELOPING PROJECTS IN NORTHERN CALIFORNIA.

Activities or mission (Part I)

DEVELOP AND PROVIDE AFFORDABLE HOUSING OR LOW-INCOME AND SPECIAL NEEDS HOUSEHOLDS.

  • ASSIST SUBSTANTIALLY HOMELESS, IMPOVERISHED AND/OR SPECIAL NEEDS INDIVIDUALS AND FAMILIES WITHIN THE SAN FRANCISCO BAY AREA WITH OBTAINING ADEQUATE AND AFFORDABLE HOUSING ACCOMMODATIONS.

    Expenses $11,479,255 · Revenue $6,760,883

  • DEVELOP AND REHABILITATE PERMANENT AFFORDABLE HOUSING UNITS TO SERVE LOW-INCOME AND/OR SPECIAL NEEDS INDIVIDUALS AND FAMILIES WITHIN THE SAN FRANCISCO BAY AREA.

    Expenses $1,490,693 · Revenue $7,841,885

As filed on the 2024 return.

Listed in Part VII

  • John Barton

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Darrian White

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tejas Saraiya

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andy Madeira

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Luu

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynette Stolarzyk

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maryann Leshin

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ton Wasow

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Chicoine

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $254,144
    From this org
    $250,826
    From related orgs
    $0
    Other
    $3,318
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $250,826
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,318
    Filer's total
    $254,144

  • Jonathan White

    CHIEF REAL ESTATE OFFICER

    Total calculated
    $204,947
    From this org
    $186,765
    From related orgs
    $0
    Other
    $18,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,765
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,182
    Filer's total
    $204,947

  • Jenny Zou

    CONTROLLER

    Total calculated
    $69,282
    From this org
    $68,246
    From related orgs
    $0
    Other
    $1,036
    Hours/week
    20 + 20 related

  • Mary Buzis

    ACCOUNTING MANAGER

    Total calculated
    $118,015
    From this org
    $115,850
    From related orgs
    $0
    Other
    $2,165
    Hours/week
    40

  • Cyrus Hoda

    SENIOR PROJECT MANAGER

    Total calculated
    $132,321
    From this org
    $127,111
    From related orgs
    $0
    Other
    $5,210
    Hours/week
    40

  • Enedina A Johnson

    SENIOR ASSET MANAGER

    Total calculated
    $121,408
    From this org
    $120,839
    From related orgs
    $0
    Other
    $569
    Hours/week
    20 + 20 related

  • Jared T Wright

    ASSOCIATE DIRECTOR OF RED

    Total calculated
    $167,877
    From this org
    $157,507
    From related orgs
    $0
    Other
    $10,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,507
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,370
    Filer's total
    $167,877

  • Alejandro Salcido

    ASSOCIATE DIRECTOR OF ASSET MGMT

    Total calculated
    $139,942
    From this org
    $132,884
    From related orgs
    $0
    Other
    $7,058
    Hours/week
    20 + 20 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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:
THE COMPENSATION COMMITTEE USES COMPENSATION SURVEYS/ STUDIES TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVES. 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.

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.

  • ABODE HD 22198 CENTER LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ABODE HD 678 RALSTON LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ABODEHD 2891 CARMEN LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 1135 EAST SANTA CLARA LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 1510 PARKMOOR HUB LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $5,898,430

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 1510 PARKMOOR LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $206 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 1875 CALIFORNIA LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2095 EVANS LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $1,451,663 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2188 THE ALAMEDA LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2201 BRUSH LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2595 DEPOT LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $2,668 · assets $1,212,661

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2600 INTERNATIONAL LLC

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · income $496,638 · assets $8,741,104

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 2904 CORVIN LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $22,152 · assets $1,965,715

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 3335 KIFER LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $16,720 · assets -$1,395

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 34320 FREMONT LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $4,183 · assets -$32,138

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 38631 FREMONT LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $27,267 · assets $297,840

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 39802 CEDAR LLC

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · income $2,148,308 · assets $46,236,981

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 4038 IRVINGTON LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $31,915 · assets -$429

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 4145 BAY LLC

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · income $415,414 · assets $3,915,700

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 5629 HOFFMAN LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $57,405 · assets $205,033

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 801 PINE LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 8452 EDES LLC

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · income $0 · assets $4,807,264

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED 934 EAST SANTA CLARA LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • ALLIED BENNETT VALLEY LLC

    GENERAL PARTNERS FOR TAX CREDIT HOUSING PARTNERSHIPS · CA · income $0 · assets $0

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • MISSION BELL SUPPORTIVE HOUSING LLC

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · income $562,845 · assets $2,699,815

    Directly controlled by ABODE HOUSING DEVELOPMENT

Related partnerships

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

  • 2891 CARMEN LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 100% owned · share of income -$338,809 · share of assets $7,396,567 · general or managing partner

    Directly controlled by ABODEHD 2891 CARMEN LLC ALLIED 2095 EVANS LLC & AHD

  • ALGARVE APARTMENTS DEVELOPMENT LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 100% owned · share of assets $9,221,527 · general or managing partner

    Directly controlled by ALLIED 1135 EAST SANTA CLARA LLC & AHD

  • ALLIED 1510 PARKMOOR LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $205 · share of assets $10,971,297 · general or managing partner

    Directly controlled by ALLIED 1510 PARKMOOR LLC

  • ALLIED 2095 EVANS LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 100% owned · general or managing partner

    Directly controlled by ALLIED 2095 EVANS LLC & AHD

  • ALLIED 2188 THE ALAMEDA LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 100% owned · general or managing partner

    Directly controlled by ALLIED 2188 THE ALAMEDA LLC & AHD

  • ALLIED 2595 DEPOT LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · share of income $2,662 · share of assets $3,941,070 · general or managing partner

    Directly controlled by ALLIED 2595 DEPOT LLC

  • ALLIED 2904 CORVIN LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $21,606 · share of assets $8,438,661 · general or managing partner

    Directly controlled by ALLIED 2904 CORVIN LLC

  • ALLIED 3335 KIFER LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $16,123 · share of assets $3,643,818 · general or managing partner

    Directly controlled by ALLIED 3335 KIFER LLC

  • ALLIED 34320 FREMONT LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income -$39,100 · share of assets $6,997,942 · general or managing partner

    Directly controlled by ALLIED 34320 FREMONT LLC

  • ALLIED 38631 FREMONT LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $27,034 · share of assets $738,766 · general or managing partner

    Directly controlled by ALLIED 38631 FREMONT LLC

  • ALLIED 4038 IRVINGTON LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income $31,516 · share of assets $1,897,207 · general or managing partner

    Directly controlled by ALLIED 4038 IRVINGTON LLC

  • BENNETT VALLEY HOUSING PARTNERS LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of income -$263 · share of assets $10,979,674 · general or managing partner

    Directly controlled by ALLIED BENNETT VALLEY LLC

  • EUCALYPTUS GROVE APARTMENTS LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · share of assets $76 · general or managing partner

    Directly controlled by ALLIED 1875 CALIFORNIA LLC

  • FREMONT MAIN STREET VILLAGE LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 49% owned · general or managing partner

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • HOUSING ALLIANCE LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 99.99% owned

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • LAGUNA COMMONS ASSOCIATES LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by ABODE HOUSING DEVELOPMENT

  • OPPORTUNITY CENTER ASSOCIATES LP

    DEVELOP, OWN AND OPERATE AFFORDABLE RENTAL HOUSING · CA · 99.99% owned

    Directly controlled by OPPORTUNITY CENTER HDC INC & AHD

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349326346

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