Skip to content
Nonprofiteer
← MISSION HOUSING DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by MISSION HOUSING DEVELOPMENT CORP.

Totals

Total revenue
$27,672,713
Total expenses
$22,325,527
Contributions and grants received
$11,978,607
Grants paid
$51,779
Program service revenue
$14,450,151
Investment income
$971,735
Other revenue
$272,220
Total assets, end of year
$66,717,890
Total liabilities, end of year
$13,468,929
Net assets or fund balances, end of year
$53,248,961
Program services expenses (Part IX)
$20,869,313
Management and general expenses
$1,320,266
Fundraising expenses
$135,948
Program service expenses (Part III)
$20,869,313

Program services were 93.5% 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.

  • 1c · Fundraising events

    $398,604

  • 1d · Related organizations

    $1,096,670

  • 1e · Government grants (contributions)

    $10,462,201

  • 1f · All other contributions, gifts and grants

    $21,132

  • 2a · Program service revenue: DEVELOPMENT & MGMT FEES

    total $7,045,101 · related or exempt $7,045,101

  • 2b · Program service revenue: MISCELLANEOUS INCOME

    total $7,230 · related or exempt $7,230

  • 2c · Program service revenue: PRTNRSHP SHARE GROSS RENT

    total $6,158,310 · related or exempt $6,158,310

  • 2d · Program service revenue: RESIDENTIAL RENTAL INCOME

    total $1,239,510 · related or exempt $1,239,510

  • 3 · Investment income

    total $971,735 · related or exempt $905,633 · excluded $66,102

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $413,046

  • 6b · Less rental expenses

    real property $166,220

  • 6c · Rental income or loss

    real property $246,826

  • 6d · Net rental income or loss

    total $246,826 · unrelated business $5,936 · excluded $240,890

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $18,525

  • 8a · Fundraising events: contributions included on line 1c

    $398,604

  • 8b · Fundraising events: direct expenses

    $100,665

  • 8c · Net income from fundraising events

    total -$82,140 · excluded -$82,140

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: SUBSID INC-EQUITY BASIS

    total $107,534 · related or exempt $107,534

  • 11e · Other revenue, total

    $107,534

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,779 · program services $51,779

  • 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 $290,055 · program services $227,870 · management and general $62,185

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,686,164 · program services $2,004,042 · management and general $583,684 · fundraising $98,438

  • 8 · Pension plan contributions

    total $25,056 · program services $25,056

  • 9 · Other employee benefits

    total $492,378 · program services $421,910 · management and general $51,698 · fundraising $18,770

  • 10 · Payroll taxes

    total $246,455 · program services $201,754 · management and general $37,429 · fundraising $7,272

  • 11a · Fees: management

    total $183,425 · management and general $183,425

  • 11b · Fees: legal

    total $134,970 · program services $116,278 · management and general $18,692

  • 11c · Fees: accounting

    total $50,400 · management and general $50,400

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $216,937 · program services $189,562 · management and general $27,375

  • 12 · Advertising and promotion

    total $77,591 · management and general $77,591

  • 13 · Office expenses

    total $267,669 · program services $191,018 · management and general $65,385 · fundraising $11,266

  • 14 · Information technology

    total $19,414 · program services $12,931 · management and general $6,483

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,947,043 · program services $1,932,176 · management and general $14,867

  • 17 · Travel

    total $4,910 · program services $4,170 · management and general $740

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $30,576 · program services $14,711 · management and general $15,865

  • 20 · Interest

    total $158,382 · program services $158,382

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $479,368 · program services $349,181 · management and general $130,187

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ALLOCABLE SHARE PTNRSHIP EXPNS

    total $14,213,209 · program services $14,213,209

  • 24b · Other expenses: PROGRAM ACTIVITIES

    total $488,471 · program services $488,368 · management and general $103

  • 24c · Other expenses: BAD DEBTS

    total $294,391 · program services $294,391

  • 24d · Other expenses: WORKERS COMPENSATION

    total $73,470 · program services $70,678 · management and general $2,590 · fundraising $202

  • 24e · All other expenses

    total -$106,586 · program services -$98,153 · management and general -$8,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,965,613 · end of year $14,183,964

  • 2 · Savings and temporary cash investments

    beginning of year $18,667,859 · end of year $13,702,675

  • 3 · Pledges and grants receivable

    beginning of year $327,546 · end of year $148,612

  • 4 · Accounts receivable

    beginning of year $4,151,824 · end of year $4,655,555

  • 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 $33,762,734 · end of year $36,673,581

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,791 · end of year $166,101

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

    $21,292,775

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

    $10,861,548

  • 10c · Land, buildings and equipment, net

    beginning of year $9,094,771 · end of year $10,431,227

  • 11 · Investments: publicly traded securities

    end of year $4,883,000

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year -$39,994,611 · end of year -$35,680,390

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $12,705,317 · end of year $17,553,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,117,977 · end of year $3,494,361

  • 23 · Secured mortgages and notes payable

    beginning of year $10,659,393 · end of year $9,853,715

  • 25 · Other liabilities

    beginning of year $111,699 · end of year $120,853

  • 27 · Net assets without donor restrictions

    beginning of year $47,901,775 · end of year $53,248,961

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, THE HANDICAPPED AND ELDERLY.

  • THE CORPORATION SERVES AS A GENERAL PARTNER IN THREE LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN FIVE LIMITED PARTNERSHIPS WHICH PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE SOLE OWNER OF FIVE LIMITED LIABILITY COMPANIES, THE MANAGING MEMBER OF ONE LIMITED LIABILITY COMPANY, AND THE MAJORITY OWNER OF TWO CORPORATIONS WHICH ALL SERVE AS THE GENERAL OR LIMITED PARTNERS IN SIXTEEN LIMITED PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. LASTLY, THE CORPORATION IS THE SOLE OWNER OF A CORPORATION WHICH PROVIDES MANAGEMENT SERVICES FOR LOW-INCOME HOUSING IN SAN FRANCISCO, CA.

    Expenses $14,213,209 · Revenue $6,158,310

  • THE CORPORATION OPERATED APPROXIMATELY 154 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CALIFORNIA.

    Expenses $3,184,644 · Revenue $2,145,143

  • THE CORPORATION WORKED TOWARD DEVELOPING HOUSING FOR LOW-INCOME FAMILIES, HANDICAPPED AND ELDERLY IN SAN FRANCISCO, CALIFORNIA.

    Expenses $2,134,933 · Grants $51,779 · Revenue $7,159,865

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sam Moss

    Executive Dir.

    Total calculated
    $290,055
    From this org
    $282,538
    From related orgs
    $0
    Other
    $7,517
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $235,122
    Bonus
    $47,416
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,517
    Filer's total
    $290,055

  • Marcia Contreras

    DEPUTY EXEC. DIR

    Total calculated
    $274,750
    From this org
    $236,618
    From related orgs
    $0
    Other
    $38,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,802
    Bonus
    $36,816
    Other
    not reported
    Deferred
    $4,064
    Nontaxable benefits
    $34,068
    Filer's total
    $274,750

  • Marizza Bautista-Ong

    CONTROLLER

    Total calculated
    $177,428
    From this org
    $143,590
    From related orgs
    $0
    Other
    $33,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,837
    Bonus
    $5,753
    Other
    not reported
    Deferred
    $2,853
    Nontaxable benefits
    $30,985
    Filer's total
    $177,428

  • Nicole Reams

    DIR - ASSET MGMT

    Total calculated
    $176,489
    From this org
    $157,523
    From related orgs
    $0
    Other
    $18,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,196
    Bonus
    $5,327
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,966
    Filer's total
    $176,489

  • Bulbul Goswami

    SR. ASSET MGR

    Total calculated
    $152,508
    From this org
    $120,904
    From related orgs
    $0
    Other
    $31,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,904
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,494
    Nontaxable benefits
    $29,110
    Filer's total
    $152,508

  • Jonathan Lovell

    SR. PROJECT DEV

    Total calculated
    $147,913
    From this org
    $117,628
    From related orgs
    $0
    Other
    $30,285
    Hours/week
    40

  • Irving Gonzales

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Musetta So

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Julia Kosheleva-Coats

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Fernando Gomez-Benitez

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jon Layman

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mara Rosales

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7: Non-Fixed payments not listed above
THE EXECUTIVE DIRECTOR DETERMINES ANNUAL BONUS COMPENSATION FOR ALL MISSION HOUSING DEVELOPMENT CORPORATION EMPLOYEES ON AN INDIVIDUAL BASIS. THE BONUSES ARE THEN SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS IN A CLOSED SESSION.THE EXECUTIVE DIRECTOR'S BONUS COMPENSATION IS DETERMINED IN CONJUNCTION WITH AN ANNUAL PERFORMACE EVALUATION CONDUCTED BY THE BOARD OF DIRECTORS.

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

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.

  • 480 VALENCIA INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • ALTAMONT HOTEL INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • APOLLO HOUSING INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • COLOSIMO APARTMENTS INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • DEL CARLO COURT INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MARIA ALICIA INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MISSION HOUSING DEV PROPERTY III INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MISSION HOUSING DEV PROPERTY IV INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MISSION HOUSING DEV PROPERTY INC

    501(C)(4) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • POTRERO AVENUE HOUSING INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • 1010 SOUTH VAN NESS INC

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MISSION HOUSING MANAGEMENT CORPORATION

    501(C)(3) · COMMERCIAL PPTY MGMT · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • SUNSET HOUSING DEVELOPMENT CORPORATION

    501(C)(3) · LOW-INCOME HOUSING · CA · controlled entity

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

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.

  • SOL DE LA PLAZA LLC

    LMTD PTNR: 480 VALENCIA ASSOC 94-3147605, SEE PART III · CA

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MHDC CA MGP LLC

    GNRL PTNR: 6 PARTNERSHIPS, SEE PART III · CA

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • GOOD SAMARITAN LLC

    LMTD PTNR: GOOD SAM ASSOC 94-3210043, SEE PART III · CA

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MHDC LP LLC

    GNRL PTNR: 3 PARTNERSHIPS, SEE PART III · CA

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

  • MHDC NEW MAP LLC

    LMTD PTNR: MHDC NEW MAP, LP 87-2631794, SEE PART III · CA

    Directly controlled by MISSION HOUSING DEVELOPMENT CORPORATION

Related partnerships

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

  • MARIA ALICIA ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 100% owned · share of income -$115,742 · share of assets $5,357,339

    Directly controlled by MHDC

  • DEL CARLO ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$184,702 · share of assets $929,988

    Directly controlled by MHDC

  • 4445 Third Street Associates

    RELATED · LOW-INCOME HOUSING · CA · 50% owned · share of income $32,335 · share of assets $2,555,062 · general or managing partner

    Directly controlled by MHDC

  • Valencia Gardens Housing LP

    RELATED · LOW-INCOME HOUSING · CA · 100% owned · share of income -$837,969 · share of assets $30,863,690 · general or managing partner

    Directly controlled by MHDC

  • 480 VALENCIA ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$201,005 · share of assets $7,991,436

    Directly controlled by 27-5496024

  • YBC DEVELOPMENT II LP

    RELATED · LOW-INCOME HOUSING · CA · 0.05% owned · share of income $17,737 · share of assets $6,774 · general or managing partner

    Directly controlled by 27-3622297

  • CINNABAR COMMONS II LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · share of income -$65 · share of assets $829 · general or managing partner

    Directly controlled by 27-3622297

  • BASTIAN COURT LP

    RELATED · LOW-INCOME HOUSING · CA · 1% owned · general or managing partner

    Directly controlled by MHDC

  • HPD RIVERVIEW TERRACE LP

    RELATED · LOW-INCOME HOUSING · CA · 0.001% owned · share of income -$1 · share of assets $25,544 · general or managing partner

    Directly controlled by 27-3622297

  • HPD VILLA VASONA LP

    RELATED · LOW-INCOME HOUSING · CA · 0.001% owned · general or managing partner

    Directly controlled by 27-3622297

  • HPD TWIN OAKS LP

    RELATED · LOW-INCOME HOUSING · CA · 0.001% owned · general or managing partner

    Directly controlled by 27-3622297

  • MHDC CA MGP III LLC

    RELATED · LOW-INCOME HOUSING · CA · 79% owned · share of income -$1,498 · share of assets $22,108 · general or managing partner

    Directly controlled by MHDC

  • CINNABAR COMMONS LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by 27-3622297

  • GOOD SAMARITAN ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income -$139,269 · share of assets $3,133,853

    Directly controlled by 38-4109185

  • MHDC MARIPOSA GARDENS ASSOCIATES LP

    RELATED · LOW-INCOME HOUSING · CA · 99.49% owned · share of income $403,514 · share of assets $7,638,675

    Directly controlled by MHDC

  • 1010 SVN ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 99.9% owned · share of income -$112,112 · share of assets $4,292,514

    Directly controlled by MHDC LP LLC

  • ALTAMONT HOTEL ASSOCIATES LP

    RELATED · LOW-INCOME HOUSING · CA · 99.99% owned · share of income -$172,909 · share of assets $5,491,039

    Directly controlled by MHDC LP LLC

  • APOLLO DEVELOPMENT ASSOCIATES LP

    RELATED · LOW-INCOME HOUSING · CA · 100% owned · share of income -$250,193 · share of assets $5,477,804

    Directly controlled by MHDC LP LLC

  • MHDC NEW MAP LP

    RELATED · LOW-INCOME HOUSING · CA · 0% owned · share of income $10,712 · share of assets $34,905,201 · general or managing partner

    Directly controlled by MHDC NEW MAP LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CARITAS MANAGEMENT CORPORATION

    C Corp · PROP MGMT · CA · 100% owned · share of income $556,793 · share of assets $4,954,380 · controlled entity

    Directly controlled by MISSION HSG DEV CORP

  • 1045 CAPP STREET HOUSING LLC

    C CORP · LOW-INCOME HOUSING · CA · 79% owned · share of income -$115 · share of assets $395 · controlled entity

    Directly controlled by MISSION HSG DEV CORP

  • MHDC SOUTH PARK LLC

    C CORP · LOW-INCOME HOUSING · CA · 79% owned · share of income -$54,866 · share of assets $41,725 · controlled entity

    Directly controlled by MISSION HSG DEV CORP

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349307788

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.