Form 990 for tax year 2023
Filed by VISIONARY HOME BUILDERS OF CALIFORNIA INC.
Totals
- Total revenue
- $2,906,090
- Total expenses
- $4,391,005
- Contributions and grants received
- $394,530
- Grants paid
- $0
- Program service revenue
- $2,409,010
- Investment income
- $0
- Other revenue
- $102,550
- Total assets, end of year
- $23,259,230
- Total liabilities, end of year
- $12,444,933
- Net assets or fund balances, end of year
- $10,814,297
- Program services expenses (Part IX)
- $3,938,201
- Management and general expenses
- $452,804
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,938,201
Program services were 89.7% 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.
-
1f · All other contributions, gifts and grants
$394,530
-
2a · Program service revenue: Delta Plaza K1
-
2b · Program service revenue: DEVELOPER FEES
total $738,032 · related or exempt $738,032
-
2c · Program service revenue: GRANT VILLAGE K1
-
2d · Program service revenue: MANAGEMENT FEES
total $1,628,124 · related or exempt $1,628,124
-
2e · Program service revenue: OTHER INCOME
total $42,854 · related or exempt $42,854
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $507,392
-
6b · Less rental expenses
real property $480,699
-
6c · Rental income or loss
real property $26,693
-
6d · Net rental income or loss
total $26,693 · related or exempt $26,693
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$87,862
-
8b · Fundraising events: direct expenses
$32,849
-
8c · Net income from fundraising events
total $55,013
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: DEBT FORGIVENESS
total $20,844 · related or exempt $20,844
-
11b · Other revenue: GAIN ON SALE OF PROJECT
-
11c · Other revenue: INSURANCE PROCEEDS
-
11e · Other revenue, total
$20,844
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $318,796 · program services $292,177 · management and general $26,619
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,824,948 · program services $1,614,774 · management and general $210,174
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $264,701 · program services $235,463 · management and general $29,238
-
10 · Payroll taxes
total $167,650 · program services $149,132 · management and general $18,518
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $81,516 · program services $72,512 · management and general $9,004
-
12 · Advertising and promotion
total $23,405 · program services $20,820 · management and general $2,585
-
13 · Office expenses
total $6,840 · program services $6,083 · management and general $757
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $17,340 · program services $15,425 · management and general $1,915
-
17 · Travel
total $73,225 · program services $65,137 · management and general $8,088
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $80,700 · program services $71,786 · management and general $8,914
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $92,590 · program services $82,363 · management and general $10,227
-
23 · Insurance
total $256,967 · program services $228,583 · management and general $28,384
-
24a · Other expenses: OUTSIDE SERVICES
total $575,092 · program services $511,569 · management and general $63,523
-
24b · Other expenses: BAD DEBTS
total $289,751 · program services $289,751
-
24c · Other expenses: RESIDENT ASSISTANCE
total $80,904 · program services $71,968 · management and general $8,936
-
24d · Other expenses: TELEPHONE
total $53,300 · program services $47,413 · management and general $5,887
-
24e · All other expenses
total $183,280 · program services $163,245 · management and general $20,035
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,927,759 · end of year $1,578,221
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,806,438 · end of year $4,676,692
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $8,561,322 · end of year $9,415,796
-
9 · Prepaid expenses and deferred charges
beginning of year $215,150 · end of year $209,399
-
10a · Land, buildings and equipment: cost or other basis
$5,821,252
-
10b · Land, buildings and equipment: accumulated depreciation
$3,650,375
-
10c · Land, buildings and equipment, net
beginning of year $2,335,918 · end of year $2,170,877
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $5,490,061 · end of year $5,208,245
-
17 · Accounts payable and accrued expenses
beginning of year $812,880 · end of year $777,792
-
23 · Secured mortgages and notes payable
beginning of year $9,995,504 · end of year $10,589,947
-
25 · Other liabilities
beginning of year $229,052 · end of year $1,077,194
-
27 · Net assets without donor restrictions
beginning of year $12,228,649 · end of year $10,799,297
-
28 · Net assets with donor restrictions
beginning of year $70,563 · end of year $15,000
Mission and programs · 2023
Mission
TO DEVELOP AND MANAGE LOW-INCOME HOUSING PROJECTS AND PROGRAMS
-
RENTAL OF AFFORDABLE HOUSING
Expenses $2,151,245
-
DEVELOPMENT OF AFFORDABLE HOUSING
Expenses $1,195,667
-
HOUSING COUNSELING
Expenses $591,289
As filed on the 2023 return.
Listed in Part VII
-
Carol OrnelasCAROL ORNELAS
CEO
- Total calculated
- $318,796
- From this org
- $318,796
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,625
- Bonus
- $68,171
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $318,796
-
Justin LlataJUSTIN LLATA
CHIEF FINANCE OFFICER
- Total calculated
- $147,635
- From this org
- $147,635
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Annette SanchezANNETTE SANCHEZ
CHIEF OPERATING OFFICER
- Total calculated
- $129,089
- From this org
- $129,089
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jose RodriguezJOSE RODRIGUEZ
Sec./Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Don ShalveyDON SHALVEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Blanco-JimenezLISA BLANCO-JIMENEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jasmine DellafosseJASMINE DELLAFOSSE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paul HaleyPAUL HALEY
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Scott BiedermannSCOTT BIEDERMANN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Willie MitchellWILLIE MITCHELL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Annviet NguyenANNVIET NGUYEN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
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.
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.
-
BOUNCEBACK TO HOMEOWNERSHIP LLC
LOW INCOME HOUSING · CA
-
CASA DE ESPERANZA LLC
LOW INCOME HOUSING · CA
-
CHATEAU DE LYON LLC
LOW INCOME HOUSING · CA
-
EIGHTH STREET DEVELOPMENT LLC
LOW INCOME HOUSING · CA
-
EMERALD POINTE HOLDING GROUP LLC
LOW INCOME HOUSING · CA
-
VHB OAK LEAF LLC
LOW INCOME HOUSING · CA
-
VILLA MONTEREY HOUSING COMPANY LLC
LOW INCOME HOUSING · CA
-
VILLA MONTECITO APARTMENTS LLC
LOW INCOME HOUSING · CA
-
WYSTERIA HOUSING COMPANY LLC
LOW INCOME HOUSING · CA
-
324 EAST JACKSON LLC
LOW INCOME HOUSING · CA
-
VISION 17 GP LLC
LOW INCOME HOUSING · CA
-
MARQUIS PLACE APARTMENTS LLC
LOW INCOME HOUSING · CA
-
VISION 19 GP LLC
LOW INCOME HOUSING · CA
-
SJV HOMES & FRIENDS
LOW INCOME HOUSING · CA
-
WESTGATE COMMUNITY ASSOCIATES LLC
LOW INCOME HOUSING · CA
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
DELTA PLAZA APARTMENTS LP
LOW INCOME HOUSING · CA · 99% owned · general or managing partner
Directly controlled by 680062062
-
VINTAGE PLAZA PARTNERSHIP LP
LOW INCOME HOUSING · CA · 99% owned · general or managing partner
Directly controlled by 680062062
-
GRANT VILLAGE ASSOCIATES
LOW INCOME HOUSING · CA · 99.9% owned · general or managing partner
Directly controlled by 680062062
-
VILLA MONTECITO ASSOCIATES LP
LOW INCOME HOUSING · CA · 99.99% owned · general or managing partner
Directly controlled by 680062062
-
VILLA MONTEREY DEVELOPMENT LP
LOW INCOME HOUSING · CA · 99.99% owned · general or managing partner
Directly controlled by 680062062
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349317459
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