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← ABODE COMMUNITIES

Form 990 for tax year 2022

Filed by ABODE COMMUNITIES.

Totals

Total revenue
$32,741,209
Total expenses
$19,051,743
Contributions and grants received
$15,165,983
Grants paid
$49,900
Program service revenue
$16,747,248
Investment income
$721,147
Other revenue
$106,831
Total assets, end of year
$71,523,227
Total liabilities, end of year
$34,027,472
Net assets or fund balances, end of year
$37,495,755
Program services expenses (Part IX)
$16,805,911
Management and general expenses
$1,515,773
Fundraising expenses
$730,059
Program service expenses (Part III)
$16,805,911

Program services were 88.2% 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)

    $13,796,340

  • 1f · All other contributions, gifts and grants

    $1,369,643

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $8,083,476 · related or exempt $8,083,476

  • 2b · Program service revenue: ARCHITECTURAL AND CONSULTING

    total $4,662,042 · related or exempt $4,662,042

  • 2c · Program service revenue: PROPERTY AND PARTNERSHIP MANAGEME

    total $3,108,309 · related or exempt $3,108,309

  • 2d · Program service revenue: RESIDENTIAL SERVICES

    total $893,421 · related or exempt $893,421

  • 3 · Investment income

    total $721,147 · excluded $721,147

  • 11d · All other revenue

    total $106,831 · related or exempt $106,831

  • 11e · Other revenue, total

    $106,831

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,900 · program services $49,900

  • 5 · Compensation of officers, directors and key employees

    total $845,435 · program services $748,851 · management and general $57,292 · fundraising $39,292

  • 7 · Other salaries and wages

    total $6,873,964 · program services $6,068,083 · management and general $483,621 · fundraising $322,260

  • 8 · Pension plan contributions

    total $303,450 · program services $278,586 · management and general $12,090 · fundraising $12,774

  • 9 · Other employee benefits

    total $336,343 · program services $308,784 · management and general $13,401 · fundraising $14,158

  • 10 · Payroll taxes

    total $571,660 · program services $507,263 · management and general $36,024 · fundraising $28,373

  • 11b · Fees: legal

    total $74,759 · program services $63,904 · fundraising $10,855

  • 11c · Fees: accounting

    total $102,768 · program services $49,783 · management and general $52,985

  • 11g · Fees: other

    total $3,045,605 · program services $2,350,312 · management and general $544,843 · fundraising $150,450

  • 13 · Office expenses

    total $783,634 · program services $581,313 · management and general $137,156 · fundraising $65,165

  • 16 · Occupancy

    total $594,145 · program services $492,464 · management and general $71,310 · fundraising $30,371

  • 17 · Travel

    total $121,030 · program services $107,907 · management and general $2,509 · fundraising $10,614

  • 20 · Interest

    total $493,299 · program services $493,299

  • 22 · Depreciation, depletion and amortization

    total $150,678 · program services $67,805 · management and general $67,805 · fundraising $15,068

  • 23 · Insurance

    total $325,838 · program services $301,609 · management and general $15,377 · fundraising $8,852

  • 24a · Other expenses: LOSS OF INV IN LP INT

    total $3,960,124 · program services $3,960,124

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $350,000 · program services $329,000 · management and general $21,000

  • 24c · Other expenses: RESIDENT SERVICES

    total $46,464 · program services $46,464

  • 24d · Other expenses: FUNDRAISING EVENT EXP

    total $21,747 · fundraising $21,747

  • 24e · All other expenses

    total $900 · program services $460 · management and general $360 · fundraising $80

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,829,404 · end of year $7,493,511

  • 3 · Pledges and grants receivable

    beginning of year $222,143 · end of year $782,628

  • 4 · Accounts receivable

    beginning of year $4,642,155 · end of year $4,618,566

  • 7 · Other notes and loans receivable

    beginning of year $20,842,331 · end of year $22,691,270

  • 9 · Prepaid expenses and deferred charges

    beginning of year $473,012 · end of year $230,675

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

    $1,008,714

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

    $825,095

  • 10c · Land, buildings and equipment, net

    beginning of year $777,967 · end of year $183,619

  • 13 · Investments: program-related

    beginning of year -$3,763,689 · end of year $7,762,369

  • 14 · Intangible assets

    end of year $1,375,981

  • 15 · Other assets

    beginning of year $15,397,320 · end of year $26,384,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,347,204 · end of year $1,392,832

  • 19 · Deferred revenue

    beginning of year $6,661,041 · end of year $8,933,829

  • 23 · Secured mortgages and notes payable

    beginning of year $14,511,247 · end of year $22,066,094

  • 24 · Unsecured notes and loans payable

    beginning of year $2,300,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,634,717

  • 27 · Net assets without donor restrictions

    beginning of year $22,852,099 · end of year $37,015,822

  • 28 · Net assets with donor restrictions

    beginning of year $749,052 · end of year $479,933

Mission and programs · 2022

Mission

TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING AND SOCIALLY BENEFICIAL COMMUNITY FACILITIES THAT PROMOTE SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES

Activities or mission (Part I)

TO ACQUIRE, DESIGN, DEVELOP AND OPERATE AFFORDABLE HOUSING PROJECTS

  • AFFORDABLE HOUSING MANAGEMENT

    Expenses $6,936,953 · Grants $49,900 · Revenue $4,001,730

  • AFFORDABLE HOUSING DESIGN AND ARCHITECTURAL SERVICES

    Expenses $4,142,109 · Revenue $4,662,042

  • AFFORDABLE HOUSING DEVELOPMENT

    Expenses $1,923,613 · Revenue $8,083,476

  • ALL OTHER PROGRAM SERVICES

    Expenses $3,803,236 · Revenue $106,831

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

Listed in Part VII

  • Kelly Boyer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Nkechi Odu

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Sindy Spivak

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Brian Hansen

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Milton Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Khalif Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Dani Evanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Wendy Gruel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Lisa Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Peter Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • David Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Judith Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 0.2 related

  • Andrew Zimmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.09 related

  • Robin Hughes

    PRES & CEO (UNTIL 6/22)

    Total calculated
    $213,849
    From this org
    $192,453
    From related orgs
    $0
    Other
    $21,396
    Hours/week
    40.8 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $192,453
    Bonus
    $0
    Other
    $0
    Deferred
    $7,309
    Nontaxable benefits
    $14,087
    Filer's total
    $213,849

  • Holly Benson

    PRES & CEO (AS OF 8/22)

    Total calculated
    $342,090
    From this org
    $320,552
    From related orgs
    $0
    Other
    $21,538
    Hours/week
    40.8 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $320,552
    Bonus
    $0
    Other
    $0
    Deferred
    $9,957
    Nontaxable benefits
    $11,581
    Filer's total
    $342,090

  • Rick Saperstein

    EXECUTIVE VP & CFO

    Total calculated
    $289,496
    From this org
    $260,686
    From related orgs
    $0
    Other
    $28,810
    Hours/week
    40.8 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $260,686
    Bonus
    $0
    Other
    $0
    Deferred
    $10,792
    Nontaxable benefits
    $18,018
    Filer's total
    $289,496

  • Lara Regus

    SENIOR VICE PRESIDENT

    Total calculated
    $239,904
    From this org
    $213,122
    From related orgs
    $0
    Other
    $26,782
    Hours/week
    42.2 + 0.8 related

    Schedule J breakdown matched by us

    Base
    $213,122
    Bonus
    $0
    Other
    $0
    Deferred
    $8,229
    Nontaxable benefits
    $18,553
    Filer's total
    $239,904

  • Giuseppe Aliano

    SENIOR VICE PRESIDENT

    Total calculated
    $235,218
    From this org
    $190,253
    From related orgs
    $0
    Other
    $44,965
    Hours/week
    42.2

    Schedule J breakdown matched by us

    Base
    $190,253
    Bonus
    $0
    Other
    $0
    Deferred
    $7,364
    Nontaxable benefits
    $37,601
    Filer's total
    $235,218

  • Heraldo Gonzales

    VICE PRESIDENT

    Total calculated
    $208,997
    From this org
    $185,750
    From related orgs
    $0
    Other
    $23,247
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $185,750
    Bonus
    $0
    Other
    $0
    Deferred
    $7,732
    Nontaxable benefits
    $15,515
    Filer's total
    $208,997

  • Sara Tsay

    VICE PRESIDENT

    Total calculated
    $193,003
    From this org
    $184,644
    From related orgs
    $0
    Other
    $8,359
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $184,644
    Bonus
    $0
    Other
    $0
    Deferred
    $7,386
    Nontaxable benefits
    $973
    Filer's total
    $193,003

  • Roshe Malakuti McClure

    VICE PRESIDENT

    Total calculated
    $186,918
    From this org
    $166,819
    From related orgs
    $0
    Other
    $20,099
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $166,819
    Bonus
    $0
    Other
    $0
    Deferred
    $6,894
    Nontaxable benefits
    $13,205
    Filer's total
    $186,918

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

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 AT A COMMITTEE MEETING, 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

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.

  • ABODE COMMUNITIES AV GP LLC

    AFFORD HSNG · CA · income -$55 · assets $2,212,921

    Directly controlled by ABODE COMMUNITIES

  • ADAMS TERRACE GP LLC

    AFFORD HSNG · CA · income -$66 · assets $12,908,478

    Directly controlled by ABODE COMMUNITIES

  • BEACON LANDING GP LLC

    AFFORD HSNG · CA · income $0 · assets $7,847,262

    Directly controlled by ABODE COMMUNITIES

  • CAMINO DEL MAR GP LLC

    AFFORD HSNG · CA · income -$7 · assets $982,272

    Directly controlled by ABODE COMMUNITIES

  • CARLTON GP LLC

    AFFORD HSNG · CA · income $0 · assets $2,594,533

    Directly controlled by ABODE COMMUNITIES

  • CASA DOMINGUEZ GP LLC

    AFFORD HSNG · CA · income -$68 · assets $1,257,076

    Directly controlled by ABODE COMMUNITIES

  • CENTRAL AVE GP LLC

    AFFORD HSNG · CA · income $0 · assets $3,461,059

    Directly controlled by ABODE COMMUNITIES

  • CHAVEZ FICKETT GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,397,588

    Directly controlled by ABODE COMMUNITIES

  • E VICTOR VILLA GP LLC

    AFFORD HSNG · CA · income -$27 · assets $1,780,771

    Directly controlled by ABODE COMMUNITIES

  • EVERGREEN APARTMENTS GP LLC

    AFFORD HSNG · CA · income -$100,026 · assets -$112,054

    Directly controlled by ABODE COMMUNITIES

  • GLASSELL PARK GP LLC

    AFFORD HSNG · CA · income $15,039 · assets $3,079,304

    Directly controlled by ABODE COMMUNITIES

  • GRANDVIEW APARTMENTS GP LLC

    AFFORD HSNG · CA · income -$254,749 · assets $6,342,449

    Directly controlled by ABODE COMMUNITIES

  • HARROWER VILLAGE GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,550,893

    Directly controlled by ABODE COMMUNITIES

  • KITTRIDGE HOUSING GP LLC

    AFFORD HSNG · CA · income -$81 · assets $238,249

    Directly controlled by ABODE COMMUNITIES

  • LA VERANDA GP LLC

    AFFORD HSNG · CA · income $0 · assets $9,689,070

    Directly controlled by ABODE COMMUNITIES

  • LAUREL VILLAGE GP LLC

    AFFORD HSNG · CA · income $31,655 · assets $204,145

    Directly controlled by ABODE COMMUNITIES

  • MUH GP LLC

    AFFORD HSNG · CA · income $0 · assets $178,839

    Directly controlled by ABODE COMMUNITIES

  • NEW VISTA COURT GP LLC

    AFFORD HSNG · CA · income $0 · assets $51

    Directly controlled by ABODE COMMUNITIES

  • PARK PLACE TERRACE REPURCHASE LLC

    AFFORD HSNG · CA · income $31,386 · assets $794,859

    Directly controlled by ABODE COMMUNITIES

  • ROLLAND CURTIS EAST LLC

    AFFORD HSNG · CA · income -$138 · assets $1,201,302

    Directly controlled by ABODE COMMUNITIES

  • ROLLAND CURTIS WEST LLC

    AFFORD HSNG · CA · income -$151 · assets $3,290,358

    Directly controlled by ABODE COMMUNITIES

  • TERRA BELLA GP LLC

    AFFORD HSNG · CA · income -$32 · assets $166,772

    Directly controlled by ABODE COMMUNITIES

  • VETERAN COMMONS MGP LLC

    AFFORD HSNG · CA · income $0 · assets $516,536

    Directly controlled by ABODE COMMUNITIES

  • VILLA VERDE I GP LLC

    AFFORD HSNG · CA · income $0 · assets $2,454,352

    Directly controlled by ABODE COMMUNITIES

  • VILLA VERDE II GP LLC

    AFFORD HSNG · CA · income $0 · assets $0

    Directly controlled by ABODE COMMUNITIES

  • VISTA DEL MAR MGPLLC

    AFFORD HSNG · CA · income -$3 · assets $83,839

    Directly controlled by ABODE COMMUNITIES

  • VIVIENDAS DEL VALLE GP LLC

    AFFORD HSNG · CA · income $163,365 · assets $1,158,717

    Directly controlled by ABODE COMMUNITIES

  • WASHINGTON AVENUE GP LLC

    AFFORD HSNG · CA · income $0 · assets $3,251,194

    Directly controlled by ABODE COMMUNITIES

  • WEST LA AC LLC

    AFFORD HSNG · CA · income $0 · assets $1,254,489

    Directly controlled by ABODE COMMUNITIES

  • WESTERN LANDING GP LLC

    AFFORD HSNG · CA · income $71,683 · assets $4,383,511

    Directly controlled by ABODE COMMUNITIES

  • WESTMONT VISTA GP LLC

    AFFORD HSNG · CA · income -$99 · assets -$396,834

    Directly controlled by ABODE COMMUNITIES

  • BUTLER VILLAGE GP LLC

    AFFORD HSNG · CA · income $0 · assets $519,631

    Directly controlled by ABODE COMMUNITIES

  • CAMDEN PLACE GP LLC

    AFFORD HSNG · CA · income $0 · assets $0

    Directly controlled by ABODE COMMUNITIES

  • COMPASS CROSSING NORTH GP LLC

    AFFORD HSNG · CA · income $0 · assets $1,049,952

    Directly controlled by ABODE COMMUNITIES

  • COMPASS CROSSING SOUTH GP LLC

    AFFORD HSNG · CA · income $0 · assets $803,972

    Directly controlled by ABODE COMMUNITIES

  • PURDUE PLACE GP LLC

    AFFORD HSNG · CA · income $0 · assets $418,421

    Directly controlled by ABODE COMMUNITIES

  • VISTA DORADA GP LLC

    AFFORD HSNG · CA · income $25,176 · assets $12,801,212

    Directly controlled by ABODE COMMUNITIES

Related partnerships

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

  • ABODE COMMUNITIES LLC

    RELATED · AFFORD HSNG · CA · 51% owned · share of income -$1,664,774 · share of assets $35,996,828 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • BEACON LANDING LP

    RELATED · AFFORD HSNG · CA · 51% owned · share of assets $7,847,262 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • CLARK RESIDENCE LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$5,146 · share of assets $1,856,737 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • FREMONT BUILDING LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $77,378 · share of assets $615,278 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • GRAND AVENUE APARTMENTS LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income $42,728 · share of assets $606,428 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • GRISHAM COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $158,721 · share of assets $1,039,062 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • HART VILLAGE LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$117,881 · share of assets $248,998 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • HERITAGE COURT LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $27,802 · share of assets $143,663 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • HOPE WEST APTS LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$585 · share of assets $22,250 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • LAS BRISAS COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $204,040 · share of assets $1,620,317 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • MORGAN PLACE LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$240,831 · share of assets -$217,128 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • NEW DANA STRAND PARTNERS I LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $19,941 · share of assets $143,589 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • NEW DANA STRAND TOWNHOMES LP

    RELATED · AFFORD HSNG · CA · share of income -$222,812 · share of assets -$708,832 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • NUEVO PICO UNION PARTNERSHIP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$530 · share of assets $436,100 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • PARTHENIA HOUSING ASSOCIATES LP

    RELATED · AFFORD HSNG · CA · 1% owned · share of income -$1,216 · share of assets $313,662 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • SELMA COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $98,430 · share of assets $1,691,421 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • SHERMAN WAY COMMUNITY HOUSING LP

    RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$160,663 · share of assets $5,818,010 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

  • VISTA DEL MAR AGP LLC

    RELATED · AFFORD HSNG · CA · 10% owned · share of income -$2 · share of assets $27,075 · general or managing partner

    Directly controlled by ABODE COMMUNITIES

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349320931

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