Form 990 for tax year 2023
Filed by TIERRA DEL SOL HOUSING CORPORATION.
Totals
- Total revenue
- $7,913,475
- Total expenses
- $6,083,797
- Contributions and grants received
- $2,545,668
- Grants paid
- $0
- Program service revenue
- $5,341,365
- Investment income
- $26,442
- Other revenue
- $0
- Total assets, end of year
- $14,449,358
- Total liabilities, end of year
- $3,306,024
- Net assets or fund balances, end of year
- $11,143,334
- Program services expenses (Part IX)
- $5,398,065
- Management and general expenses
- $685,732
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,398,065
Program services were 88.7% 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)
$2,545,668
-
2a · Program service revenue: CHARGES FOR SERVICES
total $13,591 · related or exempt $13,591
-
2b · Program service revenue: OTHER REVENUE
total $103,806 · related or exempt $103,806
-
2c · Program service revenue: REAL ESTATE SALES
total $5,118,445 · related or exempt $5,118,445
-
2d · Program service revenue: RENTAL INCOME
total $105,523 · related or exempt $105,523
-
3 · Investment income
total $26,442 · related or exempt $26,442
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FISCAL AGENT REVENUE
-
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 $91,595 · program services $91,595
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $749,872 · program services $689,167 · management and general $60,705
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $151,399 · program services $139,142 · management and general $12,257
-
10 · Payroll taxes
total $83,172 · program services $78,621 · management and general $4,551
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
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 $346,042 · program services $75,335 · management and general $270,707
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $74,446 · program services $20,079 · management and general $54,367
-
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 $33,659 · program services $7,161 · management and general $26,498
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $114,003 · program services $114,003
-
23 · Insurance
total $103,810 · program services $77,095 · management and general $26,715
-
24a · Other expenses: COST OF GOODS SOLD
total $3,766,827 · program services $3,766,827
-
24b · Other expenses: PROGRAM EXPENSE
total $253,404 · program services $253,404
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $81,584 · management and general $81,584
-
24d · Other expenses: OPERATING
total $76,936 · program services $38,907 · management and general $38,029
-
24e · All other expenses
total $157,048 · program services $46,729 · management and general $110,319
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,285,658 · end of year $3,164,052
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,556,874 · end of year $0
-
4 · Accounts receivable
beginning of year $1,139,998 · end of year $1,677,296
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,791,822 · end of year $1,391,401
-
8 · Inventories for sale or use
beginning of year $3,772,267 · end of year $6,112,016
-
9 · Prepaid expenses and deferred charges
beginning of year $5,547 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,342,617
-
10b · Land, buildings and equipment: accumulated depreciation
$619,861
-
10c · Land, buildings and equipment, net
beginning of year $1,781,430 · end of year $1,722,756
-
11 · Investments: publicly traded securities
beginning of year $221,393 · end of year $221,393
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $160,444
-
17 · Accounts payable and accrued expenses
beginning of year $1,015,162 · end of year $720,647
-
19 · Deferred revenue
beginning of year $150,000
-
23 · Secured mortgages and notes payable
beginning of year $1,524,289 · end of year $2,585,377
-
27 · Net assets without donor restrictions
beginning of year $8,865,538 · end of year $10,879,615
-
28 · Net assets with donor restrictions
end of year $263,719
Mission and programs · 2023
Mission
TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE IN THE FIELD OF SELF-HELP AND OTHER HOUSING PROGRAMS AND TO DEVELOP, ACQUIRE, CONSTRUCT, PROVIDE AND GENERATE DECENT AFFORDABLE HOUSING AND RELATED FACILITIES THAT ARE GEARED TO THE SPECIAL NEEDS LIVING REQUIREMENTS.
-
PROVIDES TECHNICAL ASSISTANCE, TRAINING, HOME OWNERSHIP PRODUCTION THROUGH THE SELF-HELP "SWEAT EQUITY" METHOD, AFFORDABLE MULTI-FAMILY AND SINGLE FAMILY SUBDIVISIONS, USING REHABILITATION AND RESIDENT SUPPORTIVE HEALTH AND SOCIAL SERVICES.
Expenses $4,795,766
-
PROVIDE RENT AND UTILITY ASSISTANCE TO QUALIFIED LOW-INCOME MIGRANT FARMWORKERS. ALSO PROVIDE TECHNICAL ASSISTANCE AND TRAINING ON THE CONSTRUCTION OF LOW-INCOME HOUSING TO OTHER NON-PROFIT ORGANIZATIONS.
Expenses $399,262
-
HOUSING REHABILITATION AND RECONSTRUCTION IS DESIGNED TO ASSIST OWNER OCCUPANTS TO RECEIVE HOME REHABILITATION.
Expenses $203,037
As filed on the 2023 return.
Listed in Part VII
-
Rose GarciaROSE GARCIA
EXECUTIVE DIRECTOR
- Total calculated
- $91,595
- From this org
- $91,595
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tomas MendezTOMAS MENDEZ
President
- Total calculated
- $0
- Hours/week
- 5
-
Richard MedinaRICHARD MEDINA
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Diana BustamanteDIANA BUSTAMANTE
Director
- Total calculated
- $0
- Hours/week
- 3
-
Mark CastanonMARK CASTANON
Director
- Total calculated
- $0
- Hours/week
- 3
-
Margaret FloresMARGARET FLORES
Director
- Total calculated
- $0
- Hours/week
- 3
-
Debbie IshamDEBBIE ISHAM
Director
- Total calculated
- $0
- Hours/week
- 3
-
Joel MartinezJOEL MARTINEZ
Director
- Total calculated
- $0
- Hours/week
- 3
-
Francisco MoranFRANCISCO MORAN
Director
- Total calculated
- $0
- Hours/week
- 3
-
Diana O'BrienDIANA O'BRIEN
Director
- Total calculated
- $0
- Hours/week
- 3
-
Angela RodriguezANGELA RODRIGUEZ
Director
- Total calculated
- $0
- Hours/week
- 3
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522139349301012
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