Skip to content
Nonprofiteer
← TUSTIN AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2022

Filed by TUSTIN AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$1,814,296
Total expenses
$1,556,851
Contributions and grants received
$0
Grants paid
$324,575
Program service revenue
$1,813,866
Investment income
$430
Other revenue
$0
Total assets, end of year
$5,412,143
Total liabilities, end of year
$6,593,613
Net assets or fund balances, end of year
-$1,181,470
Program services expenses (Part IX)
$1,524,245
Management and general expenses
$32,606
Fundraising expenses
$0
Program service expenses (Part III)
$1,524,245

Program services were 97.9% 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 INCOME

    total $1,776,507 · related or exempt $1,776,507

  • 2b · Program service revenue: LAUNDRY/VENDING

    total $19,083 · related or exempt $19,083

  • 2c · Program service revenue: OTHER INCOME

    total $10,391 · related or exempt $10,391

  • 2d · Program service revenue: UTILITY INCOME

    total $4,046 · related or exempt $4,046

  • 2e · Program service revenue: GARAGE PARKING

    total $3,629 · related or exempt $3,629

  • 2f · All other program service revenue

    total $210 · related or exempt $210

  • 3 · Investment income

    total $430 · related or exempt $430

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $324,575 · program services $324,575

  • 11a · Fees: management

    total $81,637 · program services $81,637

  • 11b · Fees: legal

    total $329 · management and general $329

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 12 · Advertising and promotion

    total $2,676 · program services $2,676

  • 13 · Office expenses

    total $8,476 · program services $8,476

  • 14 · Information technology

    total $21,555 · program services $21,555

  • 20 · Interest

    total $333,788 · program services $333,788

  • 22 · Depreciation, depletion and amortization

    total $270,688 · program services $270,688

  • 23 · Insurance

    total $70,535 · program services $70,535

  • 24a · Other expenses: PAYROLL REIMBURSEMENTS

    total $160,682 · program services $160,682

  • 24b · Other expenses: UTILITIES

    total $91,376 · program services $91,376

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $66,540 · program services $66,540

  • 24d · Other expenses: ADMINISTRATION

    total $45,091 · program services $45,091

  • 24e · All other expenses

    total $72,903 · program services $46,626 · management and general $26,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396,245 · end of year $469,853

  • 2 · Savings and temporary cash investments

    beginning of year $100 · end of year $100

  • 4 · Accounts receivable

    beginning of year $60,641 · end of year $55,483

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,584 · end of year $26,969

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

    $8,514,237

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

    $3,751,499

  • 10c · Land, buildings and equipment, net

    beginning of year $4,710,084 · end of year $4,762,738

  • 15 · Other assets

    beginning of year $100,996 · end of year $97,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,640 · end of year $49,872

  • 23 · Secured mortgages and notes payable

    beginning of year $6,618,247 · end of year $6,482,955

  • 25 · Other liabilities

    beginning of year $60,552 · end of year $60,786

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,438,789 · end of year -$1,181,470

Mission and programs · 2022

Mission

TO PROVIDE AT LEAST SEVENTY-FIVE PERCENT OF HOUSING UNITS IN THE HOUSING PROJECT TO LOW AND VERY LOW INCOME FAMILIES.

Activities or mission (Part I)

TO PROVIDE LOW COST HOUSING TO OTHER THAN THE ELDERLY SO AS TO RELIEVE THE POOR AND DISTRESSED AND TO INCREASE THE INVENTORY OF LOW AND VERY LOW INCOME HOUSING.

  • TO PROVIDE LOW COST HOUSING TO OTHER THAN THE ELDERLY SO AS TO RELIEVE THE POOR AND EMANCIPATED YOUTH OF ORANGEWOOD FOUNDATION, A NON-PROFIT CORPORATION. TO INCREASE THE INVENTORY OF LOW AND VERY LOW INCOME HOUSING.

    Expenses $1,199,670 · Revenue $1,814,296

  • TO PROVIDE FUNDING TO ORANGEWOOD FOUNDATION, A NON-PROFIT CORPORATION, TO FACILITATE PROGRAMS THAT PROVIDE ASSISTANCE TO UNDERPRIVILEGED YOUTHS.

    Expenses $324,575 · Grants $324,575

As filed on the 2022 return.

Listed in Part VII

  • Dennis J Sweeney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Simonsen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dick Gochnauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Dillion

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mitch Vance

    VICE PRESIDENT

    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349308639

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.