Form 990 for tax year 2022
Filed by STONEY PINE CHARITIES HOUSING CORPORATION.
Totals
- Total revenue
- $268,881
- Total expenses
- $488,970
- Contributions and grants received
- $133,736
- Grants paid
- $0
- Program service revenue
- $124,254
- Investment income
- $1,271
- Other revenue
- $9,620
- Total assets, end of year
- $3,750,524
- Total liabilities, end of year
- $6,835,697
- Net assets or fund balances, end of year
- -$3,085,173
- Program services expenses (Part IX)
- $422,974
- Management and general expenses
- $65,996
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $422,974
Program services were 86.5% 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.
-
1e · Government grants (contributions)
$133,736
-
2a · Program service revenue: RENT
total $122,063 · related or exempt $122,063
-
2b · Program service revenue: LAUNDRY AND OTHER
total $2,191 · related or exempt $2,191
-
3 · Investment income
total $1,271 · excluded $1,271
-
11a · Other revenue: MISC INCOME
total $9,620 · related or exempt $9,620
-
11e · Other revenue, total
$9,620
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $33,207 · program services $33,207
-
8 · Pension plan contributions
total $1,064 · program services $1,064
-
9 · Other employee benefits
total $4,958 · program services $4,958
-
10 · Payroll taxes
total $2,481 · program services $2,481
-
11a · Fees: management
total $32,112 · management and general $32,112
-
11c · Fees: accounting
total $29,298 · management and general $29,298
-
11g · Fees: other
total $5,727 · program services $1,623 · management and general $4,104
-
12 · Advertising and promotion
total $75 · program services $75
-
13 · Office expenses
total $12,637 · program services $12,637
-
16 · Occupancy
total $125,930 · program services $125,930
-
19 · Conferences, conventions and meetings
total $482 · management and general $482
-
20 · Interest
total $91,554 · program services $91,554
-
22 · Depreciation, depletion and amortization
total $121,583 · program services $121,583
-
23 · Insurance
total $9,945 · program services $9,945
-
24a · Other expenses: MANAGER RENT FREE UNIT
total $15,960 · program services $15,960
-
24b · Other expenses: OTHER EXPENSES
total $1,957 · program services $1,957
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,027 · end of year $991
-
2 · Savings and temporary cash investments
beginning of year $178,794 · end of year $205,850
-
4 · Accounts receivable
beginning of year $9,181 · end of year $3,431
-
9 · Prepaid expenses and deferred charges
beginning of year $2,125 · end of year $2,527
-
10a · Land, buildings and equipment: cost or other basis
$5,542,005
-
10b · Land, buildings and equipment: accumulated depreciation
$2,015,636
-
10c · Land, buildings and equipment, net
beginning of year $3,647,952 · end of year $3,526,369
-
15 · Other assets
beginning of year $11,504 · end of year $11,356
-
17 · Accounts payable and accrued expenses
beginning of year $25,148 · end of year $19,117
-
19 · Deferred revenue
beginning of year $4,073 · end of year $2,085
-
23 · Secured mortgages and notes payable
beginning of year $5,052,567 · end of year $5,053,963
-
25 · Other liabilities
beginning of year $1,670,637 · end of year $1,760,532
-
27 · Net assets without donor restrictions
beginning of year -$2,869,842 · end of year -$3,085,173
Mission and programs · 2022
Mission
TO DEVELOP AND MANAGE HIGH QUALITY AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND THEIR FAMILIES. THROUGH PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, THE ORGANIZATION CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.
Activities or mission (Part I)
TO PROVIDE LOW INCOME PERSONS IN SANTA CLARA COUNTY, CALIFORNIA WITH HOUSING FACILITIES AND SERVICES.
-
STONEY PINE/CHARITIES HOUSING CORP. PROVIDES 23-UNITS OF AFFORDABLE HOUSING AND RELATED SERVICES FOR LOW-INCOME PERSONS IN SANTA CLARA COUNTY.
Expenses $422,974 · Revenue $133,874
As filed on the 2022 return.
Listed in Part VII
-
Mike KasperzakMIKE KASPERZAK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Linh DipippaLINH DIPIPPA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Bruce KnoblockBRUCE KNOBLOCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Chris HuangCHRIS HUANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Octavian FarfanOCTAVIAN FARFAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Hyoung ChongHYOUNG CHONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Paul BakerPAUL BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Patrick DupuisPATRICK DUPUIS
BOARD MEMBER (LEFT 8/22)
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Kris McCannKRIS MCCANN
BOARD MEMBER (12/22)
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Greg KepferleGREG KEPFERLE
PRESIDENT
- Total calculated
- $322,000
- From this org
- $0
- From related orgs
- $270,000
- Other
- $52,000
- Hours/week
- 0.5 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $270,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,000 related
- Nontaxable benefits
- $0 + $38,000 related
- Filer's total
- $0 + $322,000 related
-
Dan WuDAN WU
EXECUTIVE DIRECTOR (LEFT 5/22)
- Total calculated
- $179,472
- From this org
- $0
- From related orgs
- $143,684
- Other
- $35,788
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $134,584 related
- Bonus
- $0 + $8,000 related
- Other
- $0 + $1,100 related
- Deferred
- $0 + $35,120 related
- Nontaxable benefits
- $0 + $668 related
- Filer's total
- $0 + $179,472 related
-
Mark MiklMARK MIKL
EXECUTIVE DIRECTOR (START 6/22)
- Total calculated
- $243,157
- From this org
- $0
- From related orgs
- $196,077
- Other
- $47,080
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $196,077 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $34,894 related
- Nontaxable benefits
- $0 + $12,186 related
- Filer's total
- $0 + $243,157 related
-
Terri FukudaTERRI FUKUDA
CONTROLLER
- Total calculated
- $193,888
- From this org
- $0
- From related orgs
- $145,782
- Other
- $48,106
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $145,782 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,488 related
- Nontaxable benefits
- $0 + $15,618 related
- Filer's total
- $0 + $193,888 related
-
Kathleen RobinsonKATHLEEN ROBINSON
DIRECTOR OF DEVELOPMENT
- Total calculated
- $234,142
- From this org
- $0
- From related orgs
- $193,228
- Other
- $40,914
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $191,728 related
- Bonus
- $0
- Other
- $0 + $1,500 related
- Deferred
- $0 + $34,038 related
- Nontaxable benefits
- $0 + $6,876 related
- Filer's total
- $0 + $234,142 related
-
Lisa CaldwellLISA CALDWELL
DIRECTOR OF PROPERTY MANAG
- Total calculated
- $195,253
- From this org
- $0
- From related orgs
- $163,083
- Other
- $32,170
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,583 related
- Bonus
- $0 + $12,500 related
- Other
- $0
- Deferred
- $0 + $21,069 related
- Nontaxable benefits
- $0 + $11,101 related
- Filer's total
- $0 + $195,253 related
-
Carol MowatCAROL MOWAT
FINANCE MANAGER
- Total calculated
- $157,018
- From this org
- $0
- From related orgs
- $147,896
- Other
- $9,122
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $137,496 related
- Bonus
- $0 + $8,000 related
- Other
- $0 + $2,400 related
- Deferred
- $0 + $7,387 related
- Nontaxable benefits
- $0 + $1,735 related
- Filer's total
- $0 + $157,018 related
-
Joe HeadJOE HEAD
BUSINESS DEVELOPMENT
- Total calculated
- $156,989
- From this org
- $0
- From related orgs
- $147,815
- Other
- $9,174
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $138,415 related
- Bonus
- $0 + $7,000 related
- Other
- $0 + $2,400 related
- Deferred
- $0 + $7,244 related
- Nontaxable benefits
- $0 + $1,930 related
- Filer's total
- $0 + $156,989 related
-
Marvel AngMARVEL ANG
SR. PROJECT MANAGER
- Total calculated
- $136,071
- From this org
- $0
- From related orgs
- $128,281
- Other
- $7,790
- Hours/week
- 0.5 + 40 related
-
Hai NguyenHAI NGUYEN
SR. PROJECT MANAGER
- Total calculated
- $137,266
- From this org
- $0
- From related orgs
- $125,104
- Other
- $12,162
- Hours/week
- 0.5 + 40 related
-
Maggie LiMAGGIE LI
ASSET MANAGER
- Total calculated
- $136,842
- From this org
- $0
- From related orgs
- $128,684
- Other
- $8,158
- Hours/week
- 0.5 + 40 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
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
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
- 6a · Pay contingent on this 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 ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS AND KEY EMPLOYEES DIRECTLY. THE BOARD PRESIDENT IS COMPENSATED BY CATHOLIC CHARITIES OF SANTA CLARA COUNTY AND EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE COMPENSATED BY CHARITIES HOUSING DEVELOPMENT CORPORATION, A RELATED ORGANIZATION. COMPENSATION FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS BASED ON COMPARABILITY DATA (SALARY SURVEYS BY REGION) AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF CHARITIES HOUSING DEVELOPMENT CORPORATION.
- PART I, LINE 5
- EMPLOYEES ARE ELGIBILE TO RECEIVE A BONUS BASED ON THE HIGHER OF 3 YEAR AVERAGE OF NET INCOME OR 15% OF DEVELOPER FEE OF CHARITIES HOUSING, A RELATED ORGANIZATION. THE BONUS ISN'T ACCRUED BUT PAID THE FOLLOWING YEAR - THE BONUS POOL IS APPROVED BY THE BOARD, THE ALLOCATION OF THE BONUS IS SUGGESTED BY THE EXEC. DIRECTOR AND APPROVED BY THE EXECUTIVE TEAM OF THE BOARD.
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.
-
501 ( C ) 3 · MANAGE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITY FOR LOW INCOME FAMILIES. · CA
Directly controlled by CHARITIES HOUSING DEVELOPMENT CORPORATION
-
CATHOLIC CHARITIES OF SANTA CLARA COUNTY( CATHOLIC CHARITIES)
501 ( C ) 3 · STRENGTHEN COMMUNITY AND SUSTAIN INDIVIDUALS AND FAMILIES LIVING IN POVERTY. · CA
-
CHARITIES HOUSING DEVELOPMENT CORPORATION
501 ( C ) 3 · ACT AS A REGIONAL DEVELOPER OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES · CA
-
HOPE CHARITES HOUSING CORPORATION
501 ( C ) 3 · MANAGE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITY FOR LOW INCOME FAMILIES. · CA
Directly controlled by CHARITIES HOUSING DEVELOPMENT CORPORATION
-
501 ( C ) 3 · MANAGE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITY FOR LOW INCOME FAMILIES. · CA
Directly controlled by CHARITIES HOUSING DEVELOPMENT CORPORATION
-
SAN ANTIONIO CHARITIES HOUSING
501 ( C ) 3 · MANAGE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITY FOR LOW INCOME FAMILIES. · CA
Directly controlled by CHARITIES HOUSING DEVELOPMENT CORPORATION
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.
-
2112 MONTEREY ROAD SOUTH LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
2112 MONTEREY ROAD LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
90 ARCHER LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
BELOVIDA SANTA CLARA LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
BLOSSOM HILL LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
HOMESAFE SANTA CLARA LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
HS SAN JOSE LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
KINGS CROSSING LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
PAGE STREET LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
PARKSIDE STUDIO LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
PASEO SENTER II LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
PASEO SENTER LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
PENSIONE BIRD SRO LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
RENASCENT PLACE LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
SAN TOMAS GARDENS LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
SIERRA VISTA I CHARITIES LLC
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
SIERRA VISTA I L P
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
SUSIE B WILSON RESIDENCE LLC
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
SUSIE B WILSON RESIDENCE LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
WALNUT STREET LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
-
STEVENS CREEK LP
AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321939349301642
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