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Nonprofiteer
← ABODE COMMUNITY HOUSING

Form 990 for tax year 2023

Filed by ABODE COMMUNITY HOUSING.

Totals

Total revenue
$13,812
Total expenses
$6,251,944
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$13,812
Other revenue
$0
Total assets, end of year
-$18,237,159
Total liabilities, end of year
$442,710
Net assets or fund balances, end of year
-$18,679,869
Program services expenses (Part IX)
$6,249,455
Management and general expenses
$2,489
Fundraising expenses
$0
Program service expenses (Part III)
$6,249,455

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.

  • 3 · Investment income

    total $13,812 · excluded $13,812

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,489 · management and general $2,489

  • 11g · Fees: other

    total $87,745 · program services $87,745

  • 13 · Office expenses

    total $25 · program services $25

  • 24a · Other expenses: LOSS ON INVESTMENT IN L

    total $6,161,685 · program services $6,161,685

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418 · end of year $418

  • 7 · Other notes and loans receivable

    beginning of year $661,144 · end of year $587,211

  • 13 · Investments: program-related

    beginning of year -$12,664,023 · end of year -$18,825,512

  • 15 · Other assets

    beginning of year $724 · end of year $724

  • 23 · Secured mortgages and notes payable

    beginning of year $440,000 · end of year $440,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,710

  • 27 · Net assets without donor restrictions

    beginning of year -$12,441,737 · end of year -$18,679,869

Mission and programs · 2023

Mission

TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING THAT PROMOTES SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES

  • DESIGN, DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW-INCOME PEOPLE IN SOUTHERN CALIFORNIA AND COORDINATE TENANT SERVICES TO PROVIDE CHILD CARE, TUTORING AND OTHER ACTIVITIES ON SITE.

    Expenses $6,249,455

As filed on the 2023 return.

Listed in Part VII

  • Wendy Gruel

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 1.7 related

  • John Arnold

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rudy Espinoza

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Boyer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1.7 related

  • Va Lecia Adams Kellum

    DIRECTOR (UNTIL 3/23)

    Total calculated
    $0
    Hours/week
    1

  • Amber Sheikh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Holly Benson

    PRES & CEO

    Total calculated
    $387,563
    From this org
    $0
    From related orgs
    $361,409
    Other
    $26,154
    Hours/week
    0.8 + 42.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,409 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,205 related
    Nontaxable benefits
    $0 + $14,949 related
    Filer's total
    $0 + $387,563 related

  • Rick Saperstein

    EVP & ASST. TREAS.

    Total calculated
    $286,460
    From this org
    $0
    From related orgs
    $260,686
    Other
    $25,774
    Hours/week
    0.8 + 42.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,686 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,799 related
    Nontaxable benefits
    $0 + $14,975 related
    Filer's total
    $0 + $286,460 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
ON AN ANNUAL BASIS, COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT AND EXECUTIVE VICE PRESIDENTS ARE MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF ABODE COMMUNITIES, A RELATED NONPROFIT ORGANIZATION, AND AS NECESSARY OR REQUESTED, COMPARABLE COMPENSATION DATA FROM A RELIABLE THIRD-PARTY SOURCE IS OBTAINED. MINUTES OF THE MEETING ARE KEPT, TO THE EXTENT ALLOWED FOR BY CONFIDENTIALITY.

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.

  • CENTENNIAL PLACE GP LLC

    AFFORD HSNG · CA · income -$785,045 · assets $14,699,376

    Directly controlled by ABODE COMM HSG

  • SUN SAGE HOMES LLC

    AFFORD HSNG · CA · income $27,730 · assets $278,175

    Directly controlled by ABODE COMM HSG

Related partnerships

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

  • ABODE COMMUNITES LLC

    RELATED · AFFORD HSNG · CA · 49% owned · share of income -$2,094,977 · share of assets $32,138,327

    Directly controlled by ABODE COMM HSG

  • HUDSON OAKS LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $37,455 · share of assets $5,129,809 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • LAS BRISAS COMMUNITY HOUSING II LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $12,704 · share of assets $826,651 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • ORANGE GROVE GARDENS LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$254,751 · share of assets $421,311 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • NEW VISTA COURT LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • VILLA PARKE HOMES

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $526 · share of assets $110,906 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • WILMINGTON HOUSING ASSOCIATES LP

    RELATED · AFFORD HSNG · CA · 0.1% owned · share of income $14,391 · share of assets $1,174,640 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • WILSON APARTMENTS ASSOCIATES

    RELATED · AFFORD HSNG · CA · 39.5% owned · share of income -$28,652 · share of assets $514,263 · general or managing partner

    Directly controlled by ABODE COMM HSG

  • CARLTON LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $2,248,643

    Directly controlled by ABODE COMM HSG

  • VILLA VERDE I LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • CENTRAL AVE APARTMENTS LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $2,390,200

    Directly controlled by ABODE COMM HSG

  • CHAVEZ FICKETT LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • CHAPMAN PLACE LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $783

    Directly controlled by ABODE COMM HSG

  • SHASTA STREET LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • VETERAN COMMONS LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of assets $1

    Directly controlled by ABODE COMM HSG

  • WASHINGTON AVENUE LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $2,495,316

    Directly controlled by ABODE COMM HSG

  • BUTLER VILLAGE LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • CAMDEN PLACE LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $496,224

    Directly controlled by ABODE COMM HSG

  • COMPASS CROSSING NORTH LP

    RELATED · AFFORD HSNG · CA · 49% owned

    Directly controlled by ABODE COMM HSG

  • COMPASS CROSSING SOUTH LP

    RELATED · AFFORD HSNG · CA · 49% owned

    Directly controlled by ABODE COMM HSG

  • PURDUE PLACE LP

    RELATED · AFFORD HSNG · CA · 49% owned

    Directly controlled by ABODE COMM HSG

  • VISTA DORADA LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of income $1,121,888 · share of assets $1,146,126

    Directly controlled by ABODE COMM HSG

  • SONORA HOMES I LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

  • SONORA HOMES II LP

    RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49

    Directly controlled by ABODE COMM HSG

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349323210

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