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← HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO

Form 990 for tax year 2022

Filed by HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO.

Totals

Total revenue
$5,426,565
Total expenses
$5,512,361
Contributions and grants received
$96,205
Grants paid
$0
Program service revenue
$4,602,763
Investment income
$699,379
Other revenue
$28,218
Total assets, end of year
$63,947,825
Total liabilities, end of year
$45,830,342
Net assets or fund balances, end of year
$18,117,483
Program services expenses (Part IX)
$4,016,607
Management and general expenses
$1,495,754
Fundraising expenses
$0
Program service expenses (Part III)
$4,016,607

Program services were 72.9% 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.

  • 1d · Related organizations

    $96,205

  • 2a · Program service revenue: RENTAL REVENUE

    total $3,788,600 · related or exempt $3,788,600

  • 2b · Program service revenue: DEVELOPER FEE

    total $442,268 · related or exempt $442,268

  • 2c · Program service revenue: PARTNERSHIP GAINS

    total $223,204 · related or exempt $223,204

  • 2d · Program service revenue: MANAGEMENT FEE

    total $148,691 · related or exempt $148,691

  • 3 · Investment income

    total $699,379 · excluded $699,379

  • 11a · Other revenue: ANCILLARY SERVICES

    total $28,107 · related or exempt $28,107

  • 11d · All other revenue

    total $111 · related or exempt $111

  • 11e · Other revenue, total

    $28,218

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $342,478 · program services $342,478

  • 9 · Other employee benefits

    total $64,744 · program services $64,744

  • 10 · Payroll taxes

    total $26,208 · program services $26,208

  • 11a · Fees: management

    total $197,219 · management and general $197,219

  • 11b · Fees: legal

    total $33,297 · program services $14,873 · management and general $18,424

  • 11c · Fees: accounting

    total $70,181 · management and general $70,181

  • 11f · Fees: investment management

    total $418 · management and general $418

  • 11g · Fees: other

    total $1,169,242 · program services $261,369 · management and general $907,873

  • 12 · Advertising and promotion

    total $2,943 · program services $2,943

  • 13 · Office expenses

    total $110,455 · program services $68,986 · management and general $41,469

  • 14 · Information technology

    total $43,308 · program services $22,411 · management and general $20,897

  • 16 · Occupancy

    total $1,667,008 · program services $1,626,070 · management and general $40,938

  • 17 · Travel

    total $11,617 · program services $1,654 · management and general $9,963

  • 20 · Interest

    total $284,561 · program services $284,561

  • 22 · Depreciation, depletion and amortization

    total $1,160,963 · program services $1,154,423 · management and general $6,540

  • 23 · Insurance

    total $12,322 · program services $507 · management and general $11,815

  • 24a · Other expenses: ADMIN OVERHEAD

    total $145,409 · management and general $145,409

  • 24b · Other expenses: RESIDENT SERVICES

    total $64,846 · program services $64,846

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $60,235 · program services $60,235

  • 24d · Other expenses: TAXES, LICENSES AND FEE

    total $24,070 · management and general $24,070

  • 24e · All other expenses

    total $20,837 · program services $20,299 · management and general $538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,989,053 · end of year $4,998,025

  • 2 · Savings and temporary cash investments

    beginning of year $8,901,785 · end of year $9,803,975

  • 4 · Accounts receivable

    beginning of year $1,197,853 · end of year $1,137,922

  • 7 · Other notes and loans receivable

    beginning of year $15,703,826 · end of year $15,541,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,297 · end of year $73,391

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

    $18,869,447

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

    $3,518,889

  • 10c · Land, buildings and equipment, net

    beginning of year $16,482,189 · end of year $15,350,558

  • 13 · Investments: program-related

    beginning of year $846,406 · end of year $1,239,540

  • 15 · Other assets

    beginning of year $18,710,613 · end of year $15,802,513

  • 17 · Accounts payable and accrued expenses

    beginning of year $603,442 · end of year $211,247

  • 19 · Deferred revenue

    beginning of year $3,682,449 · end of year $14,819,786

  • 23 · Secured mortgages and notes payable

    beginning of year $20,982,608 · end of year $21,607,706

  • 25 · Other liabilities

    beginning of year $21,397,972 · end of year $9,191,603

  • 27 · Net assets without donor restrictions

    beginning of year $18,232,551 · end of year $18,117,483

Mission and programs · 2022

Mission

TO PRESERVE AND INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS

Activities or mission (Part I)

PRESERVE & INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS

  • HDP IS ORGANIZED FOR THE PURPOSE OF PROVIDING LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS, AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING BY ACQUIRING OR DEVELOPING PUBLICLY FINANCED LOW- AND MODERATE-INCOME HOUSING AND RENTING SUCH HOUSING TO THESE PERSONS.

    Expenses $4,016,607 · Revenue $4,630,981

As filed on the 2022 return.

Listed in Part VII

  • Jeff Davis

    INTERIM PRESIDENT & CEO

    Total calculated
    $416,910
    From this org
    $0
    From related orgs
    $368,465
    Other
    $48,445
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,465 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,372 related
    Nontaxable benefits
    $0 + $26,073 related
    Filer's total
    $0 + $416,910 related

  • Emily Jacobs

    EXEC. VP OF REAL ESTATE

    Total calculated
    $301,353
    From this org
    $0
    From related orgs
    $278,112
    Other
    $23,241
    Hours/week
    6.5 + 33.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,332 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $4,153 related
    Nontaxable benefits
    $0 + $19,088 related
    Filer's total
    $0 + $301,353 related

  • Suket Dayal

    CFO

    Total calculated
    $276,977
    From this org
    $0
    From related orgs
    $254,339
    Other
    $22,638
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,559 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $5,006 related
    Nontaxable benefits
    $0 + $17,632 related
    Filer's total
    $0 + $276,977 related

  • Emmanuel Arellano

    VP OF ASSET MANAGEMENT

    Total calculated
    $189,183
    From this org
    $0
    From related orgs
    $180,766
    Other
    $8,417
    Hours/week
    19.5 + 20.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,986 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $2,541 related
    Nontaxable benefits
    $0 + $5,876 related
    Filer's total
    $0 + $189,183 related

  • Richard C Gentry

    PRESIDENT & CEO (UNT 3/22)

    Total calculated
    $188,735
    From this org
    $0
    From related orgs
    $187,738
    Other
    $997
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,738 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $997 related
    Filer's total
    $0 + $188,735 related

  • Joshua Hoffman

    VP OF RE DEVELOPMENT

    Total calculated
    $178,175
    From this org
    $0
    From related orgs
    $145,879
    Other
    $32,296
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,099 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $2,328 related
    Nontaxable benefits
    $0 + $29,968 related
    Filer's total
    $0 + $178,175 related

  • George Hunt

    QA INSPECTION COORDINATOR

    Total calculated
    $160,159
    From this org
    $0
    From related orgs
    $146,980
    Other
    $13,179
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,180 related
    Bonus
    $0
    Other
    $0 + $800 related
    Deferred
    $0 + $13,179 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $160,159 related

  • Josiah Denmark

    DIRECTOR

    Total calculated
    $158,257
    From this org
    $0
    From related orgs
    $151,114
    Other
    $7,143
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,334 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $7,143 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,257 related

  • Stephanie Benvenuto

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Gary Gramling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mitch Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Justine Nielsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

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

The filer's explanations (Part III)

PART I, LINE 3
ALL WAGES ARE PAID BY THE SAN DIEGO HOUSING COMMISSION, WHICH IS A GOVERNMENTAL UNIT AND LISTED AS A RELATED ORGANIZATION ON SCHEDULE R. THE SAN DIEGO HOUSING COMMISSION IS A PUBLIC AGENCY THAT WAS FORMED UNDER THE PROVISIONS OF STATE LAW, HEALTH, & SAFETY CODE, BY ORDINANCE OF THE CITY OF SAN DIEGO, SDMC SECTION 98.0301.

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.

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.

  • HDP MASON HOUSING CORPORATION

    501(C)(3) · AFFORDABLE HOUSING · CA

    Directly controlled by HOUSING DEV PARTNERS OF SAN DIEGO

  • SAN DIEGO HOUSING COMMISSION

    GOVT. · GOVERNMENTAL AGENCY · CA

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.

  • HDP ADU LLC

    AFFORDABLE HOUSING · CA · income $192,590 · assets $2,371,907

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP CASA COLINA MANAGEMENT LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $263,742

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP ISLAND VILLAGE LLC

    AFFORDABLE HOUSING · CA · income $30,000 · assets $37,882

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP PARKER KIER LLC

    AFFORDABLE HOUSING · CA · income $607,072 · assets $409,126

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP QUALITY INN LLC

    AFFORDABLE HOUSING · CA · income $1,408,644 · assets $13,116,164

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP TOWN & COUNTRY LLC

    AFFORDABLE HOUSING · CA · income $5,628 · assets $7,355

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

  • HDP VILLAGE NORTH LLC

    AFFORDABLE HOUSING · CA · income $1,705,162 · assets $9,626,748

    Directly controlled by HOUSING DEVELOPMENT PARTNERS SAN DIEGO

Related partnerships

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

  • CASA COLINA LP

    RELATED · AFFORDABLE HOUSING · CA · 100% owned · share of income $102,700 · share of assets $4,346,087 · general or managing partner

    Directly controlled by HOUSING DEVELOPMENT PARTNERS

  • HDP BROADWAY LP

    AFFORDABLE HOUSING · CA

  • HDP BROADWAY MANAGEMENT LLC

    RELATED · AFFORDABLE HOUSING · CA · 79% owned · share of income $9,971 · share of assets $338,469 · general or managing partner

    Directly controlled by HOUSING DEVELOPMENT PARTNERS

  • HDP CHURCHILL LP

    RELATED · AFFORDABLE HOUSING · CA · 99.99% owned · share of income -$134,256 · share of assets $16,518,933

    Directly controlled by HDP CHURCHILL LLC

  • HDP MARINER'S VILLAGE LP

    AFFORDABLE HOUSING · CA

  • HDP NEW PALACE MANAGEMENT LLC

    RELATED · AFFORDABLE HOUSING · CA · 79% owned · share of income $4,679 · share of assets $1,201,244 · general or managing partner

    Directly controlled by HOUSING DEVELOPMENT PARTNERS

  • HDP NEW PALACE LP

    AFFORDABLE HOUSING · CA

  • HDP TOWN & COUNTRY LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$221 · share of assets $4,189,818 · general or managing partner

    Directly controlled by HOUSING DEVELOPMENT PARTNERS

  • HDP WEST PARK LP

    AFFORDABLE HOUSING · CA

  • LOGAN DEVELOPMENT II LP

    AFFORDABLE HOUSING · CA

  • LOGAN DEVELOPMENT MANAGEMENT LLC

    RELATED · AFFORDABLE HOUSING · CA · 79% owned · share of income $9,890 · share of assets $92,670 · general or managing partner

    Directly controlled by HOUSING DEVELOPMENT PARTNERS

Related corporations and trusts

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

  • HDP CHURCHILL LLC

    C · AFFORDABLE HOUSING · CA · 100% owned · share of income $13,974 · share of assets $280,894 · controlled entity

    Directly controlled by HOUSING DEV PARTNERS OF SAN DIEGO

  • HDP MARINER'S VILLAGE MANAGEMENT LLC

    C · AFFORDABLE HOUSING · CA · 79% owned · share of income $15,914 · share of assets $9,003,558 · controlled entity

    Directly controlled by HOUSING DEV PARTNERS OF SAN DIEGO

  • HDP WEST PARK MANAGEMENT LLC

    C · AFFORDABLE HOUSING · CA · 79% owned · share of income $9,795 · share of assets -$58,038 · controlled entity

    Directly controlled by HOUSING DEV PARTNERS OF SAN DIEGO

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349329096

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