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Nonprofiteer
← EDEN DEVELOPMENT INC

Form 990 for tax year 2023

Filed by EDEN DEVELOPMENT INC.

Totals

Total revenue
$2,091,933
Total expenses
$4,580,008
Contributions and grants received
$183,367
Grants paid
$36
Program service revenue
$1,890,383
Investment income
$0
Other revenue
$18,183
Total assets, end of year
$31,633,308
Total liabilities, end of year
$124,047,505
Net assets or fund balances, end of year
-$92,414,197
Program services expenses (Part IX)
$4,559,383
Management and general expenses
$20,625
Fundraising expenses
$0
Program service expenses (Part III)
$4,559,383

Program services were 99.5% 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.

  • 1d · Related organizations

    $183,367

  • 2a · Program service revenue: DEVELOPER FEES

    total $1,315,600 · related or exempt $1,315,600

  • 2b · Program service revenue: PARTNERSHIP MANAGEMENT FEES

    total $574,783 · related or exempt $574,783

  • 11d · All other revenue

    total $18,183 · related or exempt $18,183

  • 11e · Other revenue, total

    $18,183

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36 · program services $36

  • 7 · Other salaries and wages

    total $170,394 · program services $170,394

  • 8 · Pension plan contributions

    total $11,642 · program services $11,642

  • 9 · Other employee benefits

    total $15,085 · program services $15,085

  • 10 · Payroll taxes

    total $20,615 · program services $20,615

  • 11a · Fees: management

    total $574,783 · program services $574,783

  • 11c · Fees: accounting

    total $20,625 · management and general $20,625

  • 13 · Office expenses

    total $1,008 · program services $1,008

  • 17 · Travel

    total $51 · program services $51

  • 20 · Interest

    total $509 · program services $509

  • 24a · Other expenses: LOSS FROM PARTNERSHIP I

    total $3,764,875 · program services $3,764,875

  • 24b · Other expenses: TAXES/LICENSES/PERMITS

    total $385 · program services $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,508 · end of year $43,498

  • 4 · Accounts receivable

    beginning of year $720,233 · end of year $31,510,712

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

    $79,098

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $40,256 · end of year $79,098

  • 15 · Other assets

    beginning of year $29,266,227 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $754,426 · end of year $2,610,944

  • 23 · Secured mortgages and notes payable

    beginning of year $24,431,000 · end of year $24,431,000

  • 25 · Other liabilities

    beginning of year $106,669,226 · end of year $97,005,561

  • 27 · Net assets without donor restrictions

    beginning of year -$101,752,428 · end of year -$92,414,197

Mission and programs · 2023

Mission

EDEN DEVELOPMENT, INC.'S MISSION IS TO PROVIDE HOUSING FOR LOW-INCOME PERSONS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS AND TO SERVE AS GENERAL PARTNER IN LIMITED PARTNERSHIPS THAT OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE, DECENT, SAFE, AND SANITARY HOUSING AND RELATED SERVICES. AFFORDABLE HOUSING INCLUDES MULTI-FAMILY RENTAL HOUSING, CO-OPS AND SUPPORTIVE HOUSING.

Activities or mission (Part I)

TO PROVIDE HOUSING FOR LOW-INCOME PERSONS AND TO SERVE AS GP IN LIMITED PARTNERSHIPS.

  • THE CORPORATION, DIRECTLY OR THROUGH ITS SINGLE-MEMBER LIMITED LIABILITY COMPANIES, SERVES AS A MANAGING GENERAL PARTNER OF VARIOUS LIMITED PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS.

    Expenses $4,559,383 · Grants $36 · Revenue $1,908,566

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LINDA MANDOLINI

    PRESIDENT

    Total calculated
    $642,152
    From this org
    $0
    From related orgs
    $600,190
    Other
    $41,962
    Hours/week
    0.1 + 64.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $542,861 related
    Bonus
    $0 + $52,973 related
    Other
    $0 + $4,356 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $25,462 related
    Filer's total
    $0 + $642,152 related

  • TATIANA BLANK

    CFO

    Total calculated
    $451,046
    From this org
    $0
    From related orgs
    $430,960
    Other
    $20,086
    Hours/week
    0.1 + 54.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,851 related
    Bonus
    $0 + $38,591 related
    Other
    $0 + $1,518 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $3,586 related
    Filer's total
    $0 + $451,046 related

  • TIMOTHY GREEN

    ASSISTANT SECRETARY/GENERAL COUNSEL

    Total calculated
    $288,900
    From this org
    $0
    From related orgs
    $276,084
    Other
    $12,816
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,062 related
    Bonus
    $0 + $23,843 related
    Other
    $0 + $1,179 related
    Deferred
    $0 + $12,816 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $288,900 related

  • SUSIE CRISCIMAGNA

    SR DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $272,348
    From this org
    $234,203
    From related orgs
    $0
    Other
    $38,145
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $210,299
    Bonus
    $23,439
    Other
    $465
    Deferred
    $12,092
    Nontaxable benefits
    $26,053
    Filer's total
    $272,348

  • CHERYL O'CONNOR

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • KARA DOUGLAS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • SHEILA ANN BURKS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • MELISSA PLATTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • CALVIN WHITAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • JAMES KENNEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 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
WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND FORM 990 OF OTHER ORGANIZATIONS WERE USED TO ESTABLISH THE COMPENSATION OF ORGANIZATION'S CEO/CFO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ALAMEDA POINT FAMILY LLC

    LOW-INCOME HOUSING · CA · income $52,625 · assets $51,800

    Directly controlled by EDEN DEVELOPMENT INC

  • ALAMEDA POINT SENIOR LLC

    LOW-INCOME HOUSING · CA · income $25,772 · assets $24,947

    Directly controlled by EDEN DEVELOPMENT INC

  • DUBLIN FAMILY LLC

    LOW-INCOME HOUSING · CA · income $20,850 · assets $20,000

    Directly controlled by EDEN DEVELOPMENT INC

  • EB LLC

    LOW-INCOME HOUSING · CA · income $850 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • EDEN DONNER FIELD LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • EDEN FIREHOUSE LIVE

    LOW-INCOME HOUSING · CA · income $0 · assets $79,098

    Directly controlled by EDEN DEVELOPMENT INC

  • EL CERRITO SENIOR LLC

    LOW-INCOME HOUSING · CA · income $25,850 · assets $116,712

    Directly controlled by EDEN DEVELOPMENT INC

  • GOTTA HAVE FAITH LLC

    LOW-INCOME HOUSING · CA · income $22,705 · assets $43,073

    Directly controlled by EDEN DEVELOPMENT INC

  • IRWIN WAY LLC

    LOW-INCOME HOUSING · CA · income $127,149 · assets $126,324

    Directly controlled by EDEN DEVELOPMENT INC

  • LIGHT TREE THREE LLC

    LOW-INCOME HOUSING · CA · income $17,991 · assets $30,450

    Directly controlled by EDEN DEVELOPMENT INC

  • LIGHT TREE TWO LLC

    LOW-INCOME HOUSING · CA · income $16,275 · assets $24,825

    Directly controlled by EDEN DEVELOPMENT INC

  • MONTGOMERY PLAZA LLC

    LOW-INCOME HOUSING · CA · income $91,115 · assets $90,265

    Directly controlled by EDEN DEVELOPMENT INC

  • NEW DEL NIDO LLC

    LOW-INCOME HOUSING · CA · income $1,650 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • NUGENT SQUARE PARTNERS II LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • OAK HILL EDEN LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • RICHMOND 38 FAMILY LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • RICHMOND 38 SUPPORTIVE LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • RUBY STREET LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • SAN LEANDRO PARROTT LLC

    LOW-INCOME HOUSING · CA · income $30,230 · assets $29,400

    Directly controlled by EDEN DEVELOPMENT INC

  • SAN RAFAEL SENIOR LLC

    LOW-INCOME HOUSING · CA · income $825 · assets $0

    Directly controlled by EDEN DEVELOPMENT INC

  • SANTA ROSA QUAIL RUN LLC

    LOW-INCOME HOUSING · CA · income $27,348 · assets $64,773

    Directly controlled by EDEN DEVELOPMENT INC

  • VALLEJO PSH LLC

    LOW-INCOME HOUSING · CA · income $32,849 · assets $31,999

    Directly controlled by EDEN DEVELOPMENT INC

  • VL LLC

    LOW-INCOME HOUSING · CA · income $1,479 · assets $3,828

    Directly controlled by EDEN DEVELOPMENT INC

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
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202423169349301202

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