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← HACE MANAGEMENT COMPANY

Form 990 for tax year 2022

Filed by HACE MANAGEMENT COMPANY.

Totals

Total revenue
$353,706
Total expenses
$304,194
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$344,562
Investment income
$0
Other revenue
$9,144
Total assets, end of year
$938,768
Total liabilities, end of year
$382,952
Net assets or fund balances, end of year
$555,816
Program services expenses (Part IX)
$261,813
Management and general expenses
$42,381
Fundraising expenses
$0
Program service expenses (Part III)
$261,813

Program services were 86.1% 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.

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $344,562 · related or exempt $344,562

  • 11a · Other revenue: OTHER INCOME

    total $9,144 · related or exempt $9,144

  • 11e · Other revenue, total

    $9,144

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $174,974 · program services $166,225 · management and general $8,749

  • 10 · Payroll taxes

    total $58,120 · program services $55,214 · management and general $2,906

  • 11b · Fees: legal

    total $15,259 · management and general $15,259

  • 11c · Fees: accounting

    total $7,000 · management and general $7,000

  • 13 · Office expenses

    total $16,880 · program services $12,154 · management and general $4,726

  • 19 · Conferences, conventions and meetings

    total $584 · program services $584

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $16,344 · program services $16,344

  • 24b · Other expenses: TELEPHONE

    total $4,610 · program services $4,610

  • 24c · Other expenses: COMPUTER SUPPORT

    total $3,906 · program services $3,906

  • 24d · Other expenses: ADVERTISING

    total $3,741 · management and general $3,741

  • 24e · All other expenses

    total $2,776 · program services $2,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,775 · end of year $159,360

  • 15 · Other assets

    beginning of year $694,858 · end of year $779,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,535 · end of year $382,952

  • 27 · Net assets without donor restrictions

    beginning of year $530,098 · end of year $555,816

Mission and programs · 2022

Mission

LOW-INCOME HOUSING PROJECT MANAGEMENT

  • MANAGES SEVEN LOW-INCOME HOUSING PROJECTS DURING THE COURSE OF THE YEAR. THESE PROJECTS OFFER AFFORDABLE HOUSING FOR VARIOUS LOW-INCOME TENANTS.

    Expenses $261,813 · Revenue $344,562

As filed on the 2022 return.

Listed in Part VII

  • David Gonzalez

    PRESIDENT

    Total calculated
    $168,371
    From this org
    $168,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,371
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $168,371

  • Jon Buzan

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gene Donato

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Miguel Garcia

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Guillermo Salas Jr

    TREASURER SE

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349304565

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