Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Who runs it and what they're paid
9 people listed on the 990; $465K paid to officers and key staff.
Jeffrey Lambert’s $289K as Executive Director is at the 96th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jeffrey Lambert | $288,988 | $71,266 | — | — | — |
| Denise M Wise | — | $214,116 | $279,644 | $227,799 | $167,875 |
| Joe Nocella | $176,343 | $120,126 | $126,558 | $117,935 | $98,302 |
| Karen Flock | — | — | — | — | $107,438 |
| Leticia Juarez | — | — | — | — | $102,102 |
| Diane Lopez | — | — | — | — | $101,984 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Manages affordable senior rental apartments and secures grants to develop low-income housing and improve neighborhood transit and pedestrian infrastructure.
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Investments in ten low income properties through owning them as the sole MEMBER/OWNER or managing member of the following limited liability companies:- encanto del mar apartments, LLC (a single member LLC with homecomings, inc.
Ahsc Program Grant Funds
Contract number 19-AHSC-12790UNDER the agreement with the department of housing and community development, the organization received grants under the ahsc program grant funds. The grant funds will be used by the organization to make capital improvements, construction of sidewalks and bikeways, upgrading bus shelters and purchasing…
The organization serves as a general partner of chapel lane L.P., which owns and operates a 38 unit senior housing apartment complex for low income seniors located in ventura, california.
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $145K | $339K |
| InvestmentsLn 11–13 | −$784K | −$785K |
| Total assetsLn 16 | $9.7M | $12.2M |
| LiabilitiesLn 26 | $1.6M | $933K |
| Net assetsLn 32 | $8.1M | $11.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other expenses (24a–d)Ln 24 | $179K | $179K | ||
| All other expensesLn 24e | $8K | $8K | ||
| Total functional expensesLn 25 | $187K | $187K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $3.3M | $187K | $3.1M | $11.3M | 990 PDF |
| FY2023 | $3.7M | $595K | $3.1M | $8.1M | 990 PDF |
| FY2022 | $3.7M | $538K | $3.2M | $4.7M | 990 PDF |
| FY2021 | $1.6M | $585K | $1.0M | $1.2M | 990 PDF |
| FY2020 | $216K | $587K | −$371K | −$182K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,250,739 across 2 lines filed
Part IX · Statement of functional expenses $187,027 across 2 lines filed
Part X · Balance sheet $12,203,349 assets, 11 lines filed
Part XI · Reconciliation of net assets $11,270,657 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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