Totals
- Total revenue
- $13,404
- Total expenses
- $3,573,649
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $13,404
- Other revenue
- $0
- Total assets, end of year
- -$12,001,737
- Total liabilities, end of year
- $440,000
- Net assets or fund balances, end of year
- -$12,441,737
- Program services expenses (Part IX)
- $3,571,349
- Management and general expenses
- $2,300
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,571,349
Program services were 99.9% 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.
-
3 · Investment income
total $13,404 · excluded $13,404
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,300 · management and general $2,300
-
11g · Fees: other
total $38,264 · program services $38,264
-
13 · Office expenses
total $25 · program services $25
-
24a · Other expenses: PARTNERSHIP LOSSES
total $3,533,060 · program services $3,533,060
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $418 · end of year $418
-
7 · Other notes and loans receivable
beginning of year $763,524 · end of year $661,144
-
13 · Investments: program-related
beginning of year -$9,131,012 · end of year -$12,664,023
-
15 · Other assets
beginning of year $724 · end of year $724
-
23 · Secured mortgages and notes payable
beginning of year $440,000 · end of year $440,000
-
25 · Other liabilities
beginning of year $75,146 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$8,881,492 · end of year -$12,441,737
Mission and programs · 2022
Mission
TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING THAT PROMOTES SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES
-
DESIGN, DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW-INCOME PEOPLE IN SOUTHERN CALIFORNIA AND COORDINATE TENANT SERVICES TO PROVIDE CHILD CARE, TUTORING AND OTHER ACTIVITIES ON SITE.
Expenses $3,571,349
As filed on the 2022 return.
Listed in Part VII
-
BRIAN HANSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3 + 1.7 related
-
JOHN ARNOLD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
RUDY ESPINOZA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SINDY SPIVAK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 1.7 related
-
VA LECIA ADAMS KELLUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HOLLY BENSON
PRES & CEO (AS OF 8/22)
- Total calculated
- $342,090
- From this org
- $0
- From related orgs
- $320,552
- Other
- $21,538
- Hours/week
- 0.8 + 42.2 related
Schedule J breakdown matched by us
- Base
- $0 + $320,552 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,957 related
- Nontaxable benefits
- $0 + $11,581 related
- Filer's total
- $0 + $342,090 related
-
RICK SAPERSTEIN
EXECUTIVE VP & ASSISTANT TREASURER
- Total calculated
- $289,496
- From this org
- $0
- From related orgs
- $260,686
- Other
- $28,810
- Hours/week
- 0.8 + 42.2 related
Schedule J breakdown matched by us
- Base
- $0 + $260,686 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,792 related
- Nontaxable benefits
- $0 + $18,018 related
- Filer's total
- $0 + $289,496 related
-
ROBIN HUGHES
PRES & CEO (UNTIL 6/22)
- Total calculated
- $213,849
- From this org
- $0
- From related orgs
- $192,453
- Other
- $21,396
- Hours/week
- 0.8 + 42.2 related
Schedule J breakdown matched by us
- Base
- $0 + $192,453 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,309 related
- Nontaxable benefits
- $0 + $14,087 related
- Filer's total
- $0 + $213,849 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
- ON AN ANNUAL BASIS, COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT AND EXECUTIVE VICE PRESIDENTS ARE MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF ABODE COMMUNITIES, A RELATED NONPROFIT ORGANIZATION, 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
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.
-
L'CANON CLUB APARTMENTS CORPORATION
501(C)(3) · AFFD HOUSING · CA
-
501(C)(3) · AFFD HOUSING · CA
-
DESIGN CENTER HOUSING SERVICES
501(C)(3) · AFFD HOUSING · CA
-
FIGUEROA CORRIDOR LAND COMPANY
501(C)(3) · AFFD HOUSING · CA
-
ROLLAND CURTIS COMMERCIAL QALICB INC
501(C)(3) · REAL ESTATE RENTAL - COMMUNITY HEALTH CENTER · 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.
-
AFFORD HSNG · CA · income -$584,505 · assets $14,911,726
Directly controlled by ABODE COMM HSG
-
AFFORD HSNG · CA · income $26,907 · assets $231,097
Directly controlled by ABODE COMM HSG
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · AFFORD HSNG · CA · 49% owned · share of income -$1,599,489 · share of assets $34,585,187
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $34,549 · share of assets $5,412,367 · general or managing partner
Directly controlled by ABODE COMM HSG
-
LAS BRISAS COMMUNITY HOUSING II LP
RELATED · AFFORD HSNG · CA · 0.01% owned · share of income -$61 · share of assets $810,272 · general or managing partner
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 0.01% owned · share of income $242,734 · share of assets $681,947 · general or managing partner
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 1% owned · share of income $20,954 · share of assets $86,638 · general or managing partner
Directly controlled by ABODE COMM HSG
-
WILMINGTON HOUSING ASSOCIATES LP
RELATED · AFFORD HSNG · CA · 0.1% owned · share of income $15,029 · share of assets $616,765 · general or managing partner
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 39.5% owned · share of income $3,319 · share of assets $537,254 · general or managing partner
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of assets $2,094,868
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of income -$244,758 · share of assets $4,322,433
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of assets $2,334,631
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of assets $49
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 1% owned · share of assets $1
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of income $68,872 · share of assets $2,618,923
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned
Directly controlled by ABODE COMM HSG
-
RELATED · AFFORD HSNG · CA · 49% owned · share of income $24,189 · share of assets $24,238
Directly controlled by ABODE COMM HSG
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349329060
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