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Nonprofiteer
← 480 VALENCIA INC

Form 990-EZ for tax year 2024

Filed by 480 VALENCIA INC.

Totals

Total revenue
$39,856
Total expenses
$647,735
Contributions and grants received
$575
Grants paid
$1,145
Program service revenue
$39,025
Membership dues (line 3)
not reported
Investment income (line 4)
$256
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$97,768
Total liabilities, end of year
$4,618,524
Net assets or fund balances, end of year
-$4,520,756
Program service expenses (Part III)
$647,735

Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

TO BENEFIT AND SUPPORT MISSION HOUSING DEVELOPMENT CORPORATION, A CALIFORNIANONPROFIT PUBLIC BENEFIT CORPORATION, AND ITS PURPOSES IN ACCORDANCE WITH SECTION509(A)(3) OF THE INTERNAL REVENUE CODE BY (1) PROVIDING AFFORDABLE HOUSING FORLOW-INCOME PERSONS, WHERE INADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2)PROVIDING DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS, OR FORLOW-INCOME PERSONS WHO ARE HOMELESS OR IN IMMINENT DANGER OF HOMELESSNESS, OR WHOARE DISPLACED FROM URBAN RENEWAL AREAS, OR AS A RESULT OF GOVERNMENTAL ACTION, ORA MAJOR DISASTER WHERE INADEQUATE HOUSING EXISTS FOR SUCH GROUPS

  • THE CORPORATION SERVES AS A GENERAL PARTNER FOR TWO PARTNERSHIPSWHICH PROVIDE A TOTAL OF 159 UNITS OF HOUSING FOR LOW-INCOMEFAMILIES IN SAN FRANCISCO, CALIFORNIA.

    Expenses $647,735

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Sam Moss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Jon Layman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1
  • Musetta So

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1
  • Julia Kosheleva

    CFO

    Total calculated
    $0
    Hours/week
    0.1
  • Mara Rosales

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202533009349201353

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