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Nonprofiteer
← SUNSET CHARITIES HOUSING CORPORATION

Form 990 for tax year 2022

Filed by SUNSET CHARITIES HOUSING CORPORATION.

Totals

Total revenue
$666,518
Total expenses
$513,429
Contributions and grants received
$237,963
Grants paid
$0
Program service revenue
$428,279
Investment income
$276
Other revenue
$0
Total assets, end of year
$11,552,929
Total liabilities, end of year
$9,732,676
Net assets or fund balances, end of year
$1,820,253
Program services expenses (Part IX)
$500,359
Management and general expenses
$13,070
Fundraising expenses
$0
Program service expenses (Part III)
$500,359

Program services were 97.5% 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)

    $237,963

  • 2a · Program service revenue: RENT

    total $427,933 · related or exempt $427,933

  • 2b · Program service revenue: LAUNDRY AND OTHER

    total $346 · related or exempt $346

  • 3 · Investment income

    total $276 · excluded $276

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $33,582 · program services $33,582

  • 9 · Other employee benefits

    total $8,100 · program services $8,100

  • 10 · Payroll taxes

    total $2,668 · program services $2,668

  • 11a · Fees: management

    total $37,714 · program services $37,714

  • 11c · Fees: accounting

    total $19,244 · program services $6,174 · management and general $13,070

  • 11g · Fees: other

    total $48,994 · program services $48,994

  • 12 · Advertising and promotion

    total $5,611 · program services $5,611

  • 13 · Office expenses

    total $9,663 · program services $9,663

  • 16 · Occupancy

    total $96,949 · program services $96,949

  • 17 · Travel

    total $936 · program services $936

  • 19 · Conferences, conventions and meetings

    total $95 · program services $95

  • 20 · Interest

    total $88,555 · program services $88,555

  • 22 · Depreciation, depletion and amortization

    total $160,051 · program services $160,051

  • 24a · Other expenses: MISC LICENSES AND FEES

    total $1,267 · program services $1,267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $444,384 · end of year $509,375

  • 3 · Pledges and grants receivable

    end of year $63,000

  • 4 · Accounts receivable

    beginning of year -$2,727 · end of year $131,306

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,007 · end of year $4,362

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

    $13,295,941

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

    $2,595,080

  • 10c · Land, buildings and equipment, net

    beginning of year $1,356,625 · end of year $10,700,861

  • 15 · Other assets

    beginning of year $3,129,122 · end of year $144,025

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,006,859 · end of year $1,613,887

  • 19 · Deferred revenue

    beginning of year $1,313 · end of year $993

  • 23 · Secured mortgages and notes payable

    beginning of year $2,226,714 · end of year $8,087,860

  • 25 · Other liabilities

    beginning of year $29,361 · end of year $29,936

  • 27 · Net assets without donor restrictions

    beginning of year $1,667,164 · end of year $1,820,253

Mission and programs · 2022

Mission

TO DEVELOP AND MANAGE HIGH QUALITY AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND THEIR FAMILIES. THROUGH PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, THE ORGANIZATION CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.

Activities or mission (Part I)

TO PROVIDE LOW INCOME PERSONS IN SANTA CLARA COUNTY, CALIFORNIA WITH HOUSING FACILITIES AND SERVICES.

  • RENTAL OPERATION OF WESTWOOD AMBASSADOR APARTMENTS ("WESTWOOD"), A 42-UNIT APARTMENT COMPLEX IN SANTA CLARA, CALIFORNIA FOR LOW AND MODERATE INCOME HOUSEHOLDS. 70 INDIVIDUALS WERE SERVED DURING THE 12/31/2022 YEAR END.

    Expenses $500,359 · Revenue $428,279

As filed on the 2022 return.

Listed in Part VII

  • GREG KEPFERLE

    PRESIDENT

    Total calculated
    $322,000
    From this org
    $0
    From related orgs
    $270,000
    Other
    $52,000
    Hours/week
    0.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $38,000 related
    Filer's total
    $0 + $322,000 related

  • MARK MIKL

    EXECUTIVE DIRECTOR

    Total calculated
    $243,157
    From this org
    $0
    From related orgs
    $196,077
    Other
    $47,080
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,077 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,894 related
    Nontaxable benefits
    $0 + $12,186 related
    Filer's total
    $0 + $243,157 related

  • KATHLEEN ROBINSON

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $234,142
    From this org
    $0
    From related orgs
    $193,228
    Other
    $40,914
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,728 related
    Bonus
    $0
    Other
    $0 + $1,500 related
    Deferred
    $0 + $34,038 related
    Nontaxable benefits
    $0 + $6,876 related
    Filer's total
    $0 + $234,142 related

  • LISA CALDWELL

    DIRECTOR OF PROPERTY MANAGEMENT

    Total calculated
    $195,253
    From this org
    $0
    From related orgs
    $163,083
    Other
    $32,170
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,583 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $21,069 related
    Nontaxable benefits
    $0 + $11,101 related
    Filer's total
    $0 + $195,253 related

  • TERRI FUKUDA

    CONTROLLER

    Total calculated
    $193,888
    From this org
    $0
    From related orgs
    $145,782
    Other
    $48,106
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,782 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,488 related
    Nontaxable benefits
    $0 + $15,618 related
    Filer's total
    $0 + $193,888 related

  • DAN WU

    EXECUTIVE DIRECTOR

    Total calculated
    $179,472
    From this org
    $0
    From related orgs
    $143,684
    Other
    $35,788
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,584 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $1,100 related
    Deferred
    $0 + $35,120 related
    Nontaxable benefits
    $0 + $668 related
    Filer's total
    $0 + $179,472 related

  • CAROL MOWAT

    FINANCE MANAGER

    Total calculated
    $157,018
    From this org
    $0
    From related orgs
    $147,896
    Other
    $9,122
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,496 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $7,387 related
    Nontaxable benefits
    $0 + $1,735 related
    Filer's total
    $0 + $157,018 related

  • JOE HEAD

    BUSINESS DEVELOPMENT

    Total calculated
    $156,989
    From this org
    $0
    From related orgs
    $147,815
    Other
    $9,174
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,415 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $7,244 related
    Nontaxable benefits
    $0 + $1,930 related
    Filer's total
    $0 + $156,989 related

  • HAI NGUYEN

    SR. PROJECT MANAGER

    Total calculated
    $137,266
    From this org
    $0
    From related orgs
    $125,104
    Other
    $12,162
    Hours/week
    0.5 + 40 related

  • MAGGIE LI

    ASSET MANAGER

    Total calculated
    $136,842
    From this org
    $0
    From related orgs
    $128,684
    Other
    $8,158
    Hours/week
    0.5 + 40 related

  • MARVEL ANG

    SR. PROJECT MANAGER

    Total calculated
    $136,071
    From this org
    $0
    From related orgs
    $128,281
    Other
    $7,790
    Hours/week
    0.5 + 40 related

  • MIKE KASPERZAK

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • LINH DIPIPPA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • KRIS MCCANN

    TREASURER (LEFT 12/2022)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • BRUCE KNOBLOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • PAUL BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • HYOUNG CHONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • PATRICK DUPUIS

    BOARD MEMBER (LEFT 8/2022)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • OCTAVIO FARFAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • CHRIS HUANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 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
THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS AND KEY EMPLOYEES DIRECTLY. THE BOARD PRESIDENT IS COMPENSATED BY CATHOLIC CHARITIES OF SANTA CLARA COUNTY. EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE COMPENSATED BY CHARITIES HOUSING DEVELOPMENT CORPORATION, A RELATED ORGANIZATION. COMPENSATION FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS BASED ON COMPARABILITY DATA (SALARY SURVEYS BY REGION) AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF CHARITIES HOUSING DEVELOPMENT CORPORATION.

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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202301959349300415

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