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Nonprofiteer
← FRUITVALE DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by FRUITVALE DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$5,898,964
Total expenses
$7,039,987
Contributions and grants received
$1,120,861
Grants paid
$570,708
Program service revenue
$4,767,981
Investment income
$10,122
Other revenue
$0
Total assets, end of year
$29,710,481
Total liabilities, end of year
$19,522,684
Net assets or fund balances, end of year
$10,187,797
Program services expenses (Part IX)
$6,699,878
Management and general expenses
$340,109
Fundraising expenses
$0
Program service expenses (Part III)
$6,699,878

Program services were 95.2% 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

    $1,120,861

  • 2a · Program service revenue: RENTS & CAM

    total $4,767,981 · related or exempt $4,767,981

  • 3 · Investment income

    total $10,122 · excluded $10,122

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $570,708 · program services $570,708

  • 7 · Other salaries and wages

    total $297,586 · program services $200,441 · management and general $97,145

  • 8 · Pension plan contributions

    total $5,118 · management and general $5,118

  • 9 · Other employee benefits

    total $74,614 · management and general $74,614

  • 10 · Payroll taxes

    total $30,038 · management and general $30,038

  • 11a · Fees: management

    total $339,080 · program services $339,080

  • 11b · Fees: legal

    total $37,323 · program services $37,323

  • 11c · Fees: accounting

    total $18,755 · program services $18,755

  • 11g · Fees: other

    total $52,515 · program services $52,407 · management and general $108

  • 12 · Advertising and promotion

    total $327 · management and general $327

  • 13 · Office expenses

    total $125,070 · management and general $125,070

  • 16 · Occupancy

    total $2,147,428 · program services $2,139,739 · management and general $7,689

  • 17 · Travel

    total $248,699 · program services $248,699

  • 20 · Interest

    total $986,196 · program services $986,196

  • 22 · Depreciation, depletion and amortization

    total $1,834,899 · program services $1,834,899

  • 23 · Insurance

    total $162,619 · program services $162,619

  • 24a · Other expenses: BAD DEBT

    total $90,351 · program services $90,351

  • 24b · Other expenses: FARMER'S MARKET EXPENSE

    total $18,661 · program services $18,661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $493,368 · end of year $338,290

  • 2 · Savings and temporary cash investments

    beginning of year $906,977 · end of year $954,719

  • 4 · Accounts receivable

    beginning of year $487,408 · end of year $736,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,125,353 · end of year $435,771

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

    $54,564,899

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

    $33,036,388

  • 10c · Land, buildings and equipment, net

    beginning of year $23,833,414 · end of year $21,528,511

  • 15 · Other assets

    beginning of year $19,816 · end of year $5,716,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $545,433 · end of year $690,003

  • 19 · Deferred revenue

    beginning of year $76,339 · end of year $81,721

  • 23 · Secured mortgages and notes payable

    beginning of year $15,225,929 · end of year $13,958,756

  • 25 · Other liabilities

    beginning of year $689,815 · end of year $4,792,204

  • 27 · Net assets without donor restrictions

    beginning of year $11,328,820 · end of year $10,187,797

Mission and programs · 2022

Mission

TO PLAN, DEVELOP, REHABILITATE AND MANAGE HOUSING (FOR LOW AND MODERATE INCOME AND THE ELDERLY) AND COMMUNITY, CULTURAL, COMMERCIAL, OFFICE, GOVERNMENT, TRANSIT, AND OTHER FACILITIES TO COMBAT DETERIORATION OF THE COMMUNITY AND CONTRIBUTE TO THE STRENGTHENING AND PHYSICAL DEVELOPMENT IN THE COMMUNITY.

Activities or mission (Part I)

COMPREHENSIVE PROGRAMS OF SUSTAINABLE ECONOMIC, SOCIAL, AND NEIGHBORHOOD DEVELOPMENT.

  • FRUITVALE TRANSIT VILLAGE: PROVIDES A SUSTAINABLE COMMUNITY SERVICE CENTER TO THE FRUITVALE DISTRICT OF THE CITY OF OAKLAND, LOCATED AT A MASS TRANSIT HUB. BY PROVIDING A NEXUS OF COMMUNITY AND SOCIAL SERVICES LOCATED AT A MULTI-MODAL MASS TRANSIT CENTER, THE ORGANIZATION CAN PROVIDE OPPORTUNITIES FOR LOW INCOME AND MODERATE INCOME INDIVIDUALS TO ACCESS NECESSARY SERVICES IN A LOCATION CONVENIENTLY ACCESSIBLE BY MASS TRANSIT. THE ORGANIZATION PROVIDES MORE THAN 115,000 SQUARE FEET OF COMMUNITY SERVICES, INCLUDING PRESCHOOL, HIGH SCHOOL, SENIOR SERVICES, PUBLIC LIBRARY, HEALTH CLINIC, LOW TO NO COST TENANT IMMIGRANT AND EMPLOYEE LEGAL SERVICES, FINANCIAL COUNSELING, AND OTHERS, SERVING MORE THAN 1,500 CLIENTS EACH WEEK. ADDITIONALLY, THE ORGANIZATION HAS PROVIDED A CENTRALIZED AND TENANT-FRIENDLY LOCATION TO ENCOURAGE THE CREATION AND DEVELOPMENT OF SMALL BUSINESSES THAT CAN CONTRIBUTE TO THE OVERALL IMPROVEMENT IN THE FRUITVALE DISTRICT ECONOMY, AS WELL AS THE FINANCIAL HEALTH OF THE CITY OF OAKLAND, AS SUPPORTED THROUGH PROPERTY TAXES AND SALES TAXES. THE ORGANIZATION HAS ENCOURAGED THE CREATION OF MORE THAN 30 SMALL BUSINESSES GENERATED MORE THAN $300,000 IN ANNUAL PROPERTY TAXES TO THE COUNTY, ALONG WITH MORE THAN $100,000 IN ANNUAL SALES TAXES.

    Expenses $6,699,878 · Grants $570,708 · Revenue $4,767,981

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSE CORONA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • CASEY WILLIAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • MIRELLA ALMANZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • CLAUDIA BURGOS - THRU OCT 2022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • EMILIO CRUZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MIGUEL DUARTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • LILI GANGAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • SILVIA GUZMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • RALPH HOLMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MARIAH LAFLEUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ADHI NAHRAJ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • RODERICK ROCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • SARAH YOELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DANIEL ZAMANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • CHRISTOPHER IGLESIAS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $367,170
    From this org
    $0
    From related orgs
    $349,277
    Other
    $17,893
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,277 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,896 related
    Nontaxable benefits
    $0 + $2,997 related
    Filer's total
    $0 + $367,170 related

  • JOYCE BOYD - TO JUNE 2023

    CHIEF FINANCIAL OFFICER

    Total calculated
    $212,827
    From this org
    $0
    From related orgs
    $191,352
    Other
    $21,475
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,352 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,485 related
    Nontaxable benefits
    $0 + $15,990 related
    Filer's total
    $0 + $212,827 related

  • ERIN ELIZABETH PATCH - TO SEP 2023

    PRESIDENT

    Total calculated
    $295,335
    From this org
    $0
    From related orgs
    $276,944
    Other
    $18,391
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,944 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,848 related
    Nontaxable benefits
    $0 + $8,543 related
    Filer's total
    $0 + $295,335 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
THE RELATED ORGANIZATION, SPANISH SPEAKING UNITY COUNCIL OF ALAMEDA (TUC) ESTABLISHES AND COMPENSATES FRUITVALE DEVELOPMENT CORPORATION'S EMPLOYEES. TUC REGULARLY SUBSCRIBES TO INDUSTRY SURVEYS FOR SENIOR EXECUTIVE AND SENIOR EXECUTIVE STAFF. THESE SURVEYS ARE CONSULTED WHEN ADJUSTMENTS ARE PROPOSED TO COMPENSATION OF THE ORGANIZATION'S CEO, PRESIDENT, CFO AND OTHER SENIOR STAFF. PURSUANT TO CALIFORNIA LAW, TUC'S GOVERNING BOARD SETS THE COMPENSATION OF THE CEO, PRESIDENT AND CFO OF THE ORGANIZATION, FOLLOWING THIS PROCESS.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202402289349302815

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