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Nonprofiteer
← NEIGHBORHOOD HOUSING RENEWAL CORPORATION II

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING RENEWAL CORPORATION II.

Totals

Total revenue
$257,346
Total expenses
$343,873
Contributions and grants received
$23,712
Grants paid
$0
Program service revenue
$231,705
Investment income
$1,929
Other revenue
$0
Total assets, end of year
$707,120
Total liabilities, end of year
$3,405,385
Net assets or fund balances, end of year
-$2,698,265
Program services expenses (Part IX)
$328,943
Management and general expenses
$14,930
Fundraising expenses
$0
Program service expenses (Part III)
$328,943

Program services were 95.7% 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

    $23,712

  • 1g · Noncash contributions included above

    $23,712

  • 2a · Program service revenue: RENTAL INCOME

    total $230,304 · related or exempt $230,304

  • 2b · Program service revenue: LAUNDRY INCOME

    total $941 · related or exempt $941

  • 2c · Program service revenue: MISC INCOME

    total $460 · related or exempt $460

  • 3 · Investment income

    total $1,929 · excluded $1,929

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $21,236 · program services $21,236

  • 10 · Payroll taxes

    total $1,625 · program services $1,625

  • 11a · Fees: management

    total $24,388 · program services $24,388

  • 11b · Fees: legal

    total $540 · program services $540

  • 11c · Fees: accounting

    total $14,930 · management and general $14,930

  • 11g · Fees: other

    total $5,295 · program services $5,295

  • 17 · Travel

    total $3 · program services $3

  • 20 · Interest

    total $59,611 · program services $59,611

  • 22 · Depreciation, depletion and amortization

    total $29,026 · program services $29,026

  • 23 · Insurance

    total $23,207 · program services $23,207

  • 24a · Other expenses: UTILITIES

    total $83,921 · program services $83,921

  • 24b · Other expenses: OTHER RENTAL EXPENSES

    total $39,864 · program services $39,864

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $26,607 · program services $26,607

  • 24d · Other expenses: ADMIN/OPERATING EXPENSE

    total $13,620 · program services $13,620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,503 · end of year $31,793

  • 2 · Savings and temporary cash investments

    beginning of year $268,835 · end of year $244,136

  • 4 · Accounts receivable

    beginning of year $15,808 · end of year $6,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,692 · end of year $5,554

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

    $1,665,893

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

    $1,260,175

  • 10c · Land, buildings and equipment, net

    beginning of year $429,844 · end of year $405,718

  • 15 · Other assets

    beginning of year $0 · end of year $12,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $237,827 · end of year $263,813

  • 23 · Secured mortgages and notes payable

    beginning of year $1,154,124 · end of year $1,164,329

  • 25 · Other liabilities

    beginning of year $1,953,469 · end of year $1,977,243

  • 27 · Net assets without donor restrictions

    beginning of year -$2,611,738 · end of year -$2,698,265

Mission and programs · 2024

Mission

PROVIDE AFFORDABLE HOUSING TO LOW INCOME TENANTS

  • OPERATE A 30-UNIT APARTMENT BUILDING FOR LOW-INCOME HOUSING.

    Expenses $328,943 · Revenue $231,705

As filed on the 2024 return.

Listed in Part VII

  • Lamar Heystek

    SECRETARY, TREASURER

    Total calculated
    $199,101
    From this org
    $0
    From related orgs
    $169,400
    Other
    $29,701
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,955 related
    Nontaxable benefits
    $0 + $18,746 related
    Filer's total
    $0 + $199,101 related

  • Frank Fung

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Robert Lo

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 2 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 1B
THE COMPENSATION IS ESTABLISHED THROUGH THE EXECUTIVE COMMITTEE AND PROPOSED TO THE BOARD OF DIRECTORS FOR APPROVAL.

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.

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.

  • 2300 VAN NESS ASSOCIATES LP

    PROVIDE RENTAL TO LOW INCOME FAMILY · CA

  • 479 NATOMA STREET ASSOCIATES LP

    PROVIDE RENTAL TO LOW INCOME HOUSING · CA

  • 421 TURK STREET ASSOCIATES LP

    PROVIDE RENTAL TO LOW INCOME HOUSING · CA

  • MINNA STREET ASSOCIATES LP

    PROVIDE RENTAL TO LOW INCOME HOUSING · CA

  • 1167 MISSION STREET LLC

    REAL ESTATE RENTAL · CA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349306743

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