Form 990 for tax year 2024
Filed by Homeownership for Families and Tax Savings for Seniors.
Totals
- Total revenue
- $5,387,765
- Total expenses
- $11,478,257
- Contributions and grants received
- $5,000,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $387,765
- Other revenue
- $0
- Total assets, end of year
- $15,951,027
- Total liabilities, end of year
- $22,000,000
- Net assets or fund balances, end of year
- -$6,048,973
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$5,000,000
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $387,765 · related or exempt $0 · unrelated business $0 · excluded $387,765
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$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 $87,881
-
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 $2,440,341
-
12 · Advertising and promotion
total $7,351,108
-
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 $0
-
23 · Insurance
total $0
-
24a · Other expenses: Voter data
total $98,877
-
24b · Other expenses: Contribution refund
total $1,500,000
-
24c · Other expenses: Filing fee
total $50
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $41,519 · end of year $1,815,996
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $14,135,031
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $22,000,000
-
29 · Capital stock, trust principal or current funds
beginning of year $41,519 · end of year -$6,048,973
-
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 $0 · end of year $0
Mission and programs · 2024
Mission
To serve as a coalition of businesses and property owners seeking to promote affordable housing through fair tax policy.
-
Researching and conducting public communications campaigns to educate Californians about statewide measures relating to housing.
As filed on the 2024 return.
Listed in Part VII
-
Sanjay Wagle
CEO (March-Dec) and Director (Jan-Dec)
- Total calculated
- $484,824
- From this org
- $0
- From related orgs
- $422,690
- Other
- $62,134
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $317,808 related
- Bonus
- $0 + $87,247 related
- Other
- $0 + $17,635 related
- Deferred
- $0 + $46,000 related
- Nontaxable benefits
- $0 + $16,134 related
- Filer's total
- $0 + $484,824 related
-
Laiza Negrete
CEO and Director (Jan-March)
- Total calculated
- $322,032
- From this org
- $0
- From related orgs
- $278,469
- Other
- $43,563
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $236,673 related
- Bonus
- $0 + $36,096 related
- Other
- $0 + $5,700 related
- Deferred
- $0 + $42,502 related
- Nontaxable benefits
- $0 + $1,061 related
- Filer's total
- $0 + $322,032 related
-
Vanessa Lucero Chavez
Director (March-Dec)
- Total calculated
- $202,705
- From this org
- $0
- From related orgs
- $175,710
- Other
- $26,995
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $144,493 related
- Bonus
- $0 + $31,127 related
- Other
- $0 + $90 related
- Deferred
- $0 + $26,343 related
- Nontaxable benefits
- $0 + $652 related
- Filer's total
- $0 + $202,705 related
-
Melanie Barker
President and Director (March-Dec)
- Total calculated
- $0
- Hours/week
- 2
-
Richard Violett
President and Director (Jan-March)
- Total calculated
- $0
- Hours/week
- 1
-
Cary Davidson
Treasurer and Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Flora Yin
Assistant 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
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.
-
California Association of REALTORS
501(c)(6) · Business league of CA REALTORS · CA
-
CAR Housing Affordability Fund
501(c)(3) · Charity making housing grants · CA
Directly controlled by California Assn of REALTORS
-
501(c)(3) · Charity making education grants · CA
Directly controlled by California Assn of REALTORS
-
501(c)(3) · Charity awarding scholarships · CA
Directly controlled by California Assn of REALTORS
-
Californians for Homeownership Inc
501(c)(3) · Charity promoting homeownership · CA
Directly controlled by California Assn of REALTORS
-
501(c)(6) · State issues PAC · CA
Directly controlled by California Assn of REALTORS
-
California Real Estate PAC Federal
527 · Federal political action committee · CA
Directly controlled by California Assn of REALTORS
-
California Real Estate PAC - CAR
527 · State political action committee · CA
Directly controlled by California Assn of REALTORS
-
CA Real Estate Independent Expenditure Committee
527 · State political action committee · CA
Directly controlled by California Assn of REALTORS
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Real Estate Business Technologies Inc
C · REALTOR software · CA
-
California Real Estate Association Inc
C · Name protection · CA
-
CAR CO California Assn of REALTORS
C · REALTOR services · CA
-
FINOM Inc
C · REALTOR services · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543189349301479
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