Totals
- Total revenue
- $36,806
- Total expenses
- $347,696
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $36,806
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $291,082
- Total liabilities, end of year
- $2,169,754
- Net assets or fund balances, end of year
- -$1,878,672
- Program services expenses (Part IX)
- $334,808
- Management and general expenses
- $12,888
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $334,808
Program services were 96.3% 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.
-
2a · Program service revenue: MANAGEMENT FEES
total $36,806 · related or exempt $36,806
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $11,900 · management and general $11,900
-
24a · Other expenses: LOSS FROM INVESTMENT IN
total $334,808 · program services $334,808
-
24b · Other expenses: BANK CHARGES
total $963 · management and general $963
-
24c · Other expenses: STATE FEE
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,486 · end of year $162,319
-
4 · Accounts receivable
beginning of year $106,957 · end of year $128,763
-
17 · Accounts payable and accrued expenses
beginning of year $8,900 · end of year $10,600
-
25 · Other liabilities
beginning of year $1,824,325 · end of year $2,159,154
-
27 · Net assets without donor restrictions
beginning of year -$1,567,782 · end of year -$1,878,672
Mission and programs · 2024
Mission
TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.
Activities or mission (Part I)
TO PROVIDE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS, INCLUDING SERVING AS A GENERAL PARTNER IN A PARTNERSHIP FORMED TO DEVELOP HOUSING FOR LOW-INCOME PERSONS.
-
THE CORPORATION OPERATES HOUSING AND PROVIDES RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS. THE CORPORATION IS ALSO A GENERAL PARTNER IN LIMITED PARTNERSHIPS, WHICH OWN AND OPERATE LOW INCOME HOUSING PROJECTS.
Expenses $334,808 · Revenue $36,806
As filed on the 2024 return.
Listed in Part VII
-
Preston PrincePRESTON PRINCE
PRESIDENT
- Total calculated
- $507,304
- From this org
- $0
- From related orgs
- $438,106
- Other
- $69,198
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $423,606 related
- Bonus
- $0
- Other
- $0 + $14,500 related
- Deferred
- $0 + $44,309 related
- Nontaxable benefits
- $0 + $24,889 related
- Filer's total
- $0 + $507,304 related
-
Russell BrunsonRUSSELL BRUNSON
VICE PRESIDENT/SECRETARY
- Total calculated
- $308,835
- From this org
- $0
- From related orgs
- $291,123
- Other
- $17,712
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $273,681 related
- Bonus
- $0
- Other
- $0 + $17,442 related
- Deferred
- $0 + $14,183 related
- Nontaxable benefits
- $0 + $3,529 related
- Filer's total
- $0 + $308,835 related
-
Flaherty WardFLAHERTY WARD
VICE PRESIDENT/TREASURER
- Total calculated
- $327,323
- From this org
- $0
- From related orgs
- $288,251
- Other
- $39,072
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $287,119 related
- Bonus
- $0
- Other
- $0 + $1,132 related
- Deferred
- $0 + $14,183 related
- Nontaxable benefits
- $0 + $24,889 related
- Filer's total
- $0 + $327,323 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
- WRITTEN EMPLOYMENT CONTRACTS WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO 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.
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
SANTA CLARA COUNTY HOUSING AUTHORITY
170 (B)(1)(A)(V) · PUBLIC AGENCY · CA
-
HOUSING DEVELOPMENT CORPORATION INC
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
PINMORE HDC INC
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
-
501(C)(3) · GP TAX CREDIT AFFORDABLE HOUSING · CA
Directly controlled by SANTA CLARA COUNTY HOUSING AUTHORITY
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
AE ASSOCIATES LTD
AFFORDABLE HOUSING · CA
-
ALVARADO PARK LP
AFFORDABLE HOUSING · CA
-
BASCOMHACSC ASSOCIATES LP
AFFORDABLE HOUSING · CA
-
BAYBERRY APARTMENTS LP
AFFORDABLE HOUSING · CA
-
BELLARMINO PLACE LP
AFFORDABLE HOUSING · CA
-
BENDORF DRIVE LP
AFFORDABLE HOUSING · CA
-
BLOSSOM RIVER ASSOCIATES
AFFORDABLE HOUSING · CA
-
BUENA VISTA COMMONS LP
AFFORDABLE HOUSING · CA
-
CLARENDON STREET LP
AFFORDABLE HOUSING · CA
-
FAIRGROUNDS LUXURY FAMILY APARTMENTS LP
AFFORDABLE HOUSING · CA
-
FAIRGROUNDS SENIOR HOUSING LP
AFFORDABLE HOUSING · CA
-
GIRASOL ACQUISITION LP
RELATED · AFFORDABLE HOUSING · CA · 99.99% owned
Directly controlled by GIRASOL ACQUISITION LLC & BRACHER HDC INC
-
HACSCCHOICES FAMILY ASSOCIATES
RELATED · AFFORDABLE HOUSING · CA · 90% owned · share of income $35,226 · share of assets -$157,062 · general or managing partner
Directly controlled by BRACHER HDC INC
-
HACSCCHOICES SENIOR ASSOCIATES
RELATED · AFFORDABLE HOUSING · CA · 90% owned · share of income -$368,929 · share of assets -$1,675,052 · general or managing partner
Directly controlled by BRACHER HDC INC
-
HAWTHORN SENIOR APARTMENTS LP
AFFORDABLE HOUSING · CA
-
HELZER ASSOCIATES LP
AFFORDABLE HOUSING · CA
-
JARDINES PALOMA BLANCA ACQUISITION LP
RELATED · AFFORDABLE HOUSING · CA · 99.99% owned
Directly controlled by JARDINES PALOMA BLANCA ACQUISITION LLC & BRACHER HDC INC
-
JULIAN STREET PARTNERS LP
AFFORDABLE HOUSING · CA
-
KLAMATH ASSOCIATES
AFFORDABLE HOUSING · CA
-
LAS GOLONDRINAS ACQUISITION LP
RELATED · AFFORDABLE HOUSING · CA · 99.99% owned · share of assets $5,262,488
Directly controlled by LAS GOLONDRINAS ACQUISITION LLC & BRACHER HDC INC
-
LAUREL GROVE LANE LP
AFFORDABLE HOUSING · CA
-
MCCREERY AVENUE LP
AFFORDABLE HOUSING · CA
-
PARK AVENUE SENIORS LP
AFFORDABLE HOUSING · CA
-
PRIMROSE APARTMENTS LP
AFFORDABLE HOUSING · CA
-
RINCON GARDENS ASSOCIATES LP
AFFORDABLE HOUSING · CA
-
SAGE FAMILY APARTMENTS LP
AFFORDABLE HOUSING · CA
-
SAN PEDRO GARDENS ASSOCIATES LTD
AFFORDABLE HOUSING · CA
-
TRILLIUM SENIOR APARTMENTS LP
AFFORDABLE HOUSING · CA
-
WILLOWS RESYNDICATION LP
AFFORDABLE HOUSING · CA
-
WILLOWSHACSC ASSOCIATES
RELATED · AFFORDABLE HOUSING · CA · 99.9% owned · share of income $6,608 · share of assets $2,449,599
Directly controlled by PINMORE HDC INC & BRACHER HDC INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349309787
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