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← PPEP MICROBUSINESS AND HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by PPEP MICROBUSINESS AND HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,941,774
Total expenses
$1,265,242
Contributions and grants received
$1,380,155
Grants paid
$0
Program service revenue
$529,538
Investment income
$0
Other revenue
$32,081
Total assets, end of year
$8,792,187
Total liabilities, end of year
$2,913,354
Net assets or fund balances, end of year
$5,878,833
Program services expenses (Part IX)
$1,087,519
Management and general expenses
$177,723
Fundraising expenses
$0
Program service expenses (Part III)
$1,087,519

Program services were 86.0% 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)

    $1,152,098

  • 1f · All other contributions, gifts and grants

    $228,057

  • 2a · Program service revenue: LOW-INCOME RENTALS

    total $284,403 · related or exempt $284,403

  • 2b · Program service revenue: INTEREST AND LATE FEES

    total $245,135 · related or exempt $245,135

  • 11a · Other revenue: MISCELLANEOUS

    total $32,081 · excluded $32,081

  • 11e · Other revenue, total

    $32,081

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $503,126 · program services $503,126

  • 9 · Other employee benefits

    total $51,516 · program services $51,516

  • 10 · Payroll taxes

    total $37,739 · program services $37,739

  • 11a · Fees: management

    total $14,856 · program services $14,856

  • 11b · Fees: legal

    total $3,129 · program services $3,129

  • 11g · Fees: other

    total $61,078 · program services $52,412 · management and general $8,666

  • 13 · Office expenses

    total $44,109 · program services $43,604 · management and general $505

  • 14 · Information technology

    total $15,698 · program services $15,537 · management and general $161

  • 16 · Occupancy

    total $218,528 · program services $147,247 · management and general $71,281

  • 17 · Travel

    total $31,764 · program services $31,338 · management and general $426

  • 20 · Interest

    total $39,935 · program services $35,158 · management and general $4,777

  • 22 · Depreciation, depletion and amortization

    total $83,751 · program services $83,751

  • 24a · Other expenses: INDIRECT COSTS

    total $91,457 · management and general $91,457

  • 24b · Other expenses: SUPPORTIVE SERVICES AND

    total $66,003 · program services $65,553 · management and general $450

  • 24c · Other expenses: BAD DEBT

    total $2,553 · program services $2,553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,432,669 · end of year $3,258,702

  • 2 · Savings and temporary cash investments

    beginning of year $212,177 · end of year $30,407

  • 3 · Pledges and grants receivable

    beginning of year $75,283 · end of year $181,488

  • 7 · Other notes and loans receivable

    beginning of year $2,789,640 · end of year $2,408,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,546 · end of year $11,193

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

    $4,179,791

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

    $1,300,291

  • 10c · Land, buildings and equipment, net

    beginning of year $2,635,668 · end of year $2,879,500

  • 15 · Other assets

    beginning of year $12,166 · end of year $22,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,311 · end of year $170,601

  • 19 · Deferred revenue

    beginning of year $64,600 · end of year $64,034

  • 23 · Secured mortgages and notes payable

    beginning of year $2,705,959 · end of year $2,631,562

  • 25 · Other liabilities

    beginning of year $56,978 · end of year $47,157

  • 27 · Net assets without donor restrictions

    beginning of year $4,172,445 · end of year $4,591,819

  • 28 · Net assets with donor restrictions

    beginning of year $1,029,856 · end of year $1,287,014

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING ASSISTANCE AND TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES.

  • HOUSING: HOME REHABILITATION, WEATHERIAZATION, ADVOCACY, LOW INCOME HOUSING AND OTHER SELF HELP PROJECTS.

    Expenses $529,163 · Revenue $284,403

  • CDFI: PROVIDE LOW INTEREST LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES.

    Expenses $346,504 · Revenue $245,135

  • SOUTHWEST MEDICAL AID: PROVIDING DONATED DURABLE MEDICAL EQUIPMENT AND MEDICAL SUPPLIES FREE OF CHARGE TO OTHER QUALIFIED CHARITABLE ORGANIZATIONS, FOR THEIR CLIENTELE, WHO MAY OTHERWISE GO WITHOUT.

    Expenses $211,852

As filed on the 2022 return.

Listed in Part VII

  • ENRIQUE SERNA

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • EDGAR GRANILLO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RALPH VARELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALT PEARSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JOHNSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN TORREZ CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAM BOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN ARNOLD

    CEO

    Total calculated
    $0
    Hours/week
    5

  • BARBARA CORONADO

    COO

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202411219349301216

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