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← ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,499,496
Total expenses
$11,094,153
Contributions and grants received
$0
Grants paid
$2,199,977
Program service revenue
$4,499,496
Investment income
$0
Other revenue
$0
Total assets, end of year
$141,529,328
Total liabilities, end of year
$67,295,338
Net assets or fund balances, end of year
$74,233,990
Program services expenses (Part IX)
$11,094,153
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$11,094,153

Program services were 100.0% 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.

  • 2a · Program service revenue: PROGRAM INCOME

    total $4,481,927 · related or exempt $4,481,927

  • 2b · Program service revenue: MANAGEMENT FEES

    total $17,569 · related or exempt $17,569

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,199,977 · program services $2,199,977

  • 11c · Fees: accounting

    total $5,743 · program services $5,743

  • 11g · Fees: other

    total $3,000 · program services $3,000

  • 20 · Interest

    total $2,082,349 · program services $2,082,349

  • 22 · Depreciation, depletion and amortization

    total $1,129,684 · program services $1,129,684

  • 24a · Other expenses: PARTNERSHIP LOSS

    total $3,365,707 · program services $3,365,707

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,993,224 · program services $1,993,224

  • 24c · Other expenses: ADMINISTRATIVE

    total $262,808 · program services $262,808

  • 24d · Other expenses: TAXES & LICENSES

    total $27,118 · program services $27,118

  • 24e · All other expenses

    total $24,543 · program services $24,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $802,711 · end of year $651,026

  • 2 · Savings and temporary cash investments

    beginning of year $296,653 · end of year $427,533

  • 4 · Accounts receivable

    beginning of year $52,915 · end of year $95,823

  • 7 · Other notes and loans receivable

    beginning of year $45,077,165 · end of year $44,851,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $421,049 · end of year $301,461

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

    $36,932,787

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

    $4,041,220

  • 10c · Land, buildings and equipment, net

    beginning of year $35,247,143 · end of year $32,891,567

  • 12 · Investments: other securities

    beginning of year $31,815,294 · end of year $27,758,765

  • 14 · Intangible assets

    beginning of year $10,000 · end of year $10,000

  • 15 · Other assets

    beginning of year $57,671,806 · end of year $34,541,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $476,596 · end of year $601,656

  • 23 · Secured mortgages and notes payable

    beginning of year $81,335,592 · end of year $65,934,182

  • 25 · Other liabilities

    beginning of year $0 · end of year $759,500

  • 27 · Net assets without donor restrictions

    beginning of year $89,582,548 · end of year $74,233,990

Mission and programs · 2024

Mission

TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS, THROUGH DEVELOPMENT, OWNERSHIP, ACQUISITION, LENDING AND INVESTMENT AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED.

  • ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION ("ESPERANZA"), A CALIFORNIA NONPROFIT CORPORATION, HAS PARTNERSHIP INTERESTS IN VARIOUS LIMITED PARTNERSHIPS AND IS THE SOLE MEMBER OF SEVERAL LLC THAT HOLD PARTNERSHIP INTERESTS. THESE ENTITIES ARE DISCLOSED ON SCHEDULE R. THE LIMITED PARTNERSHIPS ARE DEVELOPED AND OPERATED BY COMMUNITY HOUSINGWORKS ("CHW"), A CALIFORNIA NONPROFIT CORPORATION, AS AFFORDABLE HOUSING FOR LOW-INCOME PERSONS. EACH OF THESE LIMITED PARTNERSHIP'S FILE A SEPARATE PARTNERSHIP TAX RETURN FORM 1065 (FEDERAL) AND FORM 565 (STATE). ESPERANZA'S MISSION TO DEVELOP HOUSING FOR LOW-INCOME PERSONS AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE THE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED IS FULFILLED THROUGH ITS PARTICIPATION AS A LIMITED PARTNER IN THESE LIMITED PARTNERSHIPS.

    Expenses $11,094,153 · Grants $2,199,977 · Revenue $4,499,496

As filed on the 2024 return.

Listed in Part VII

  • Sean Spear

    PRESIDENT & CEO

    Total calculated
    $486,208
    From this org
    $0
    From related orgs
    $457,818
    Other
    $28,390
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,311 related
    Bonus
    $0 + $58,507 related
    Other
    $0
    Deferred
    $0 + $12,445 related
    Nontaxable benefits
    $0 + $15,945 related
    Filer's total
    $0 + $486,208 related

  • Don Ambrose

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sanat Patel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brian Kay

    CFO

    Total calculated
    $398,876
    From this org
    $0
    From related orgs
    $359,664
    Other
    $39,212
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,549 related
    Bonus
    $0 + $46,115 related
    Other
    $0
    Deferred
    $0 + $12,502 related
    Nontaxable benefits
    $0 + $26,710 related
    Filer's total
    $0 + $398,876 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- METHODS USED BY RELATED ORG. TO ESTABLISH CEO/EXEC. DIR. CO
ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION DOES NOT HAVE ANY EMPLOYEES. ALL WAGES PAID ARE RELATED TO COMMUNITY HOUSINGWORKS. COMMUNITY HOUSINGWORKS USES INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIVERATION AND DECEISION TO DETERMINE SALARIES FOR THE CEO, OFFICES AND KEY EMPLOYEES.

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

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.

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.

  • WOOSTER AVE LLC

    LOW INCOME HOUSING · CA · income $539,495 · assets $31,265,783

    Directly controlled by ESPERANZA HOUSING

  • NAVAJO ROAD DEVELOPMENT HOLDING LLC

    LOW INCOME HOUSING · CA · income $0 · assets $2,843,933

    Directly controlled by ESPERANZA HOUSING

  • CHW SOUTH SANTA FE COMMERCIAL LLC

    LOW INCOME HOUSING · CA · income $0 · assets $0

    Directly controlled by ESPERANZA HOUSING

  • HIGHLAND AVENUE DEVELOPMENT HOUSING CO

    LOW INCOME HOUSING · CA · income $0 · assets $43,020

    Directly controlled by ESPERANZA HOUSING

  • KEELER COURT AHSC LLC

    LOW INCOME HOUSING · CA · income $0 · assets $1,594,031

    Directly controlled by ESPERANZA HOUSING

  • CAMBERN AVENUE DEVELOPMENT HOLDING COMP

    LOW INCOME HOUSING · CA · income $0 · assets $3,240,799

    Directly controlled by ESPERANZA HOUSING

  • Q STREET DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $0 · assets $5,136,119

    Directly controlled by ESPERANZA HOUSING

  • RICHARDS ROAD DEVELOPMENT HOLDING CO LLC

    LOW INCOME HOUSING · CA · income $3,336,032 · assets $35,675,436

    Directly controlled by ESPERANZA HOUSING

  • I STREET DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $31,257 · assets $3,215,381

    Directly controlled by ESPERANZA HOUSING

  • PACIFIC STREET DEVELOPMENT HOLDING COMPANY

    LOW INCOME HOUSING · CA · income $0 · assets $223,618

    Directly controlled by ESPERANZA HOUSING

  • SWIFT AVENUE DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $66,015 · assets $2,848,029

    Directly controlled by ESPERANZA HOUSING

  • XENIA AVENUE DEVELOPMENT HOLDING COMPANY

    LOW INCOME HOUSING · CA · income $0 · assets $1,465,681

    Directly controlled by ESPERANZA HOUSING

  • GEORGIA STREET DEVELOPMENT HOLDING COMPANY LLC

    LOW INCOME HOUSING · CA · income $92 · assets $3,835,596

    Directly controlled by ESPERANZA HOUSING

Related partnerships

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

  • BREIHAN HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income $28,776 · share of assets $6,289,845

    Directly controlled by CHW

  • CEDAR ROAD HOUSING

    RELATED · LOW INCOME HOUSING · CA · 66% owned · share of income $70,372 · share of assets $1,982,270

    Directly controlled by CHW

  • HALEY RANCH ESTATES HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99% owned · share of income $26,294 · share of assets $4,058,184

    Directly controlled by CHW

  • DAYBREAK HOUSING PARTNERSHIP

    RELATED · LOW INCOME HOUSING · CA · 99% owned · share of income -$57,148 · share of assets $1,214,127

    Directly controlled by CHW

  • ORANGE PLACE HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99% owned · share of income $119,634 · share of assets $2,112,150

    Directly controlled by CHW

  • TREMONT STREET APARTMENTS

    RELATED · LOW INCOME HOUSING · CA · 99% owned · share of income $45,925 · share of assets $623,466

    Directly controlled by CHW

  • NETTLETON ROAD HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99% owned · share of income $25,436 · share of assets $709,238

    Directly controlled by CHW

  • THE BOWRON ROAD GROUP LIMITED

    RELATED · LOW INCOME HOUSING · CA · 99.98% owned · share of income $93,821 · share of assets $3,780,696

    Directly controlled by CHW

  • KALMIA STREET HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 1% owned · share of assets $3,703

    Directly controlled by CHW

  • WINONA GARDENS HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income $1,214,945 · share of assets $473,408

    Directly controlled by CHW

  • EUCALYPTUS VIEW COOP HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$129,729 · share of assets $947,387

    Directly controlled by CHW

  • ESPERANZA GARDEN APARTMENTS

    RELATED · LOW INCOME HOUSING · CA · 1% owned · share of income -$25,103 · share of assets $943,338 · general or managing partner

    Directly controlled by CHW

  • DOVE FAMILY HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income $919,034 · share of assets $16,291,132

    Directly controlled by CHW

  • MISSION GROVE HOUSING

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$335,652 · share of assets $4,771,659

    Directly controlled by CHW

  • DELTA VILLAGE HOUSING ASSOCIATES LP

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$427,833 · share of assets $22,809,840

    Directly controlled by CHW

  • FALLBROOK VIEW HOUSING ASSOCIATES

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$503,813 · share of assets $5,358,692

    Directly controlled by CHW

  • PORTOLA SENIOR HOUSING ASSOCIATES

    LOW INCOME HOUSING · CA

  • WINONA AVE HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

  • BEECH STREET HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

  • D AVENUE HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

  • CAMBERN AVENUE HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

  • Q STREET HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

  • ALABAMA MANOR HOUSING ASSOCIATES LP

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$114,588 · share of assets $6,716,264

    Directly controlled by CHW

  • COMMUNITY ROAD HOUSING ASSOCIATES LP

    RELATED · LOW INCOME HOUSING · CA · 99.99% owned · share of income -$373,300 · share of assets $5,166,400

    Directly controlled by CHW

  • NAVAJO ROAD HOUSING ASSOCIATES LP

    LOW INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202543009349302214

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