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← POWAY VILLAS COMMUNITY HOUSING ASSOCIATION

Form 990 for tax year 2023

Filed by POWAY VILLAS COMMUNITY HOUSING ASSOCIATION.

Totals

Total revenue
$306,013
Total expenses
$138,118
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$258,242
Investment income
$47,771
Other revenue
$0
Total assets, end of year
$10,827,660
Total liabilities, end of year
$35,875
Net assets or fund balances, end of year
$10,791,785
Program services expenses (Part IX)
$138,118
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$138,118

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: LOW INCOME HSG LOAN PR

    total $258,242 · related or exempt $258,242

  • 3 · Investment income

    total $47,771 · excluded $47,771

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $149 · program services $149

  • 16 · Occupancy

    total $1,250 · program services $1,250

  • 23 · Insurance

    total $1,709 · program services $1,709

  • 24a · Other expenses: PROPERTY OPERATING COST

    total $132,898 · program services $132,898

  • 24b · Other expenses: LICENSES, FEES & TAXES

    total $2,112 · program services $2,112

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,252,243 · end of year $1,224,483

  • 4 · Accounts receivable

    beginning of year $898 · end of year $898

  • 7 · Other notes and loans receivable

    beginning of year $8,530,208 · end of year $8,530,208

  • 15 · Other assets

    beginning of year $840,541 · end of year $1,072,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $400

  • 25 · Other liabilities

    beginning of year $0 · end of year $35,475

  • 27 · Net assets without donor restrictions

    beginning of year $10,623,890 · end of year $10,791,785

Mission and programs · 2023

Mission

POWAY VILLAS COMMUNITY HOUSING'S MISSION IS TO BENEFIT THE LOW INCOME RESIDENTS OF POWAY VILLAS APARTMENTS.

  • POWAY VILLAS COMMUNITY HOUSING'S MISSION IS TO BENEFIT LOW INCOME RESIDENTS OF AFFORDABLE HOUSING PROJECTS. THE CORPORATION'S INTEREST IS THAT OF LENDER TO THE PROJECTS, AS WELL AS, CONTRACTING FOR SERVICES PROVIDED TO RESIDENTS OF THE PROJECTS.

    Expenses $138,118 · Revenue $258,242

As filed on the 2023 return.

Listed in Part VII

  • LUCY MILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • SEAN SPEAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BOB KENT

    PRES & TRES

    Total calculated
    $0
    Hours/week
    3

  • PAT VITTE

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423139349304162

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