Provide low and moderate income Housing

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$323K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.1M a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$323K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 20.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $479K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$917K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
+126% vs prior year
Spent
$1.4M
To programs
80%
Net assets
$31.7M
By yearFY2020–FY2024
Revenue
$6.4M
FY2022▲ +126%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$2.8M
FY2022$6.4M
FY2023$6.3M
FY2024$3.5M
Expenses
$1.4M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M
Net assets
$31.7M
FY2022▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.6M
FY2021$25.4M
FY2022$31.7M
FY2023$36.4M
FY2024$38.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.1M Management & general 20% · $282K Fundraising 0% · $267

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $323K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Ex
$93,214Pt VII · Sec A
$90,435Pt VII · Sec A
$76,435Pt VII · Sec A
Trustee
$31,808Pt VII · Sec A
$31,389Pt VII · Sec A

Peter J O'Connor’s $93K as President/Ex is at the 28th percentile of top reported officer pay among 2037 $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

NameFY2023FY2022FY2021FY2020
Deborah Delgrande$90,497$90,435$99,862$92,008
Peter J O'Connor$93,214$93,214$92,828$95,006
Marie Melendez$76,430$76,435$79,604$68,061
Allison Burkett$35,183$31,389$24,870—
Jean Bruno$33,926$31,808$32,407$32,914
Edward——$29,082$31,056

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

Builds and manages affordable homes for low and moderate-income families.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2022
01

Development and management of low and moderate income housing, including planning and construction

$1.0Mprogram expense
02

To provide education services to disadvantaged school children

$80Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$479K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.1M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$282K
Fundraisingcol D$267
Owns and owesPt X
$31.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$32.6M
LiabilitiesLn 26$917K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$372K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.1M
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$172K
Land, buildings, equipmentLn 10c$4.3M
Other assetsLn 15$1.3M
Total assetsLn 16$32.6M
LiabilitiesLn 26$917K
Net assetsLn 32$31.7M
OperationsPt I, VI
EmployeesI 534
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.4M$2.3M
InvestmentsLn 11–13$172K$172K
Land, buildings, equipmentLn 10c$4.4M$4.3M
Total assetsLn 16$26.6M$32.6M
LiabilitiesLn 26$1.2M$917K
Net assetsLn 32$25.4M$31.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$645K$440K$205K
Other employee benefitsLn 9$94K$65K$29K
Payroll taxesLn 10$58K$40K$18K
Accounting feesLn 11c$22K$22K
Office expensesLn 13$4K$3K$267
Information technologyLn 14$24K$24K
OccupancyLn 16$72K$72K
TravelLn 17$21K$21K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$196K$196K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$158K$158K
All other expensesLn 24e$21K$20K$2K
Total functional expensesLn 25$1.4M$1.1M$282K$267

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.5M$1.6M$1.9M$38.6M 990 PDF
FY2023 $6.3M$1.5M$4.7M$36.4M 990 PDF
FY2022 Viewing $6.4M$1.4M$5.0M$31.7M 990 PDF
FY2021 $2.8M$1.4M$1.5M$25.4M 990 PDF
FY2020 $3.7M$1.1M$2.5M$22.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $6,424,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,101,744$3,522,977
I-9 Program service revenuePrior year $743,055$1,774,140
I-10 Investment incomePrior year $998,759$1,127,861
I-11 Other revenue$0
I-12 Total revenuePrior year $2,843,558$6,424,978
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $848,575$796,773
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $521,191$590,718
I-18 Total expensesPrior year $1,369,766$1,387,491
I-19 Revenue less expensesPrior year $1,473,792$5,037,487
Part VI · Governance 2 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $6,424,978 across 7 lines filed
VIII-1d Related organizations$3,061,933
VIII-1e Government grants$371,500
VIII-1f All other contributions, gifts and grants$89,544
VIII-1h Total contributions, gifts and grants$3,522,977
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,774,140$1,774,140
VIII-3 Investment incomeRelated to mission $1,127,861$1,127,861
VIII-12 Total revenueRelated to mission $2,902,001$6,424,978
Part IX · Statement of functional expenses $1,387,491 across 13 lines filed
IX-7 Other salaries and wagesPrograms $440,080 · Management $205,384$645,464
IX-9 Other employee benefitsPrograms $64,659 · Management $29,106$93,765
IX-10 Payroll taxesPrograms $39,681 · Management $17,863$57,544
IX-11c Accounting feesManagement $22,290$22,290
IX-13 Office expensesPrograms $3,292 · Fundraising $267$3,559
IX-14 Information technologyPrograms $24,128$24,128
IX-16 OccupancyPrograms $72,411$72,411
IX-17 TravelPrograms $20,547$20,547
IX-20 InterestManagement $5,661$5,661
IX-22 Depreciation, depletion and amortizationPrograms $196,331$196,331
IX-23 InsurancePrograms $66,314$66,314
IX-24 Other expenses (24a–d)Programs $158,230$158,230
IX-24e All other expensesPrograms $19,572 · Management $1,675$21,247
IX-25 Total functional expensesPrograms $1,105,245 · Management $281,979 · Fundraising $267$1,387,491
Part X · Balance sheet $32,607,854 assets, 14 lines filed
Asset lines not itemized here account for $24,302,647; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,404,055$2,344,916
X-3 Pledges and grants receivableStart of year $12$12
X-4 Accounts receivableStart of year $26,357$183,042
X-9 Prepaid expenses and deferred chargesStart of year $24,567$20,990
X-10c Land, buildings and equipment, netStart of year $4,448,354$4,309,578
X-13 Program-related investmentsStart of year $171,873$171,873
X-15 Other assetsStart of year $1,075,799$1,274,796
X-16 Total assetsStart of year $26,553,664$32,607,854
X-17 Accounts payable and accrued expensesStart of year $227,271$264,193
X-25 Other liabilitiesStart of year $111,977$173,898
X-26 Total liabilitiesStart of year $1,163,039$916,716
X-27 Net assets without donor restrictionsStart of year $25,390,625$31,691,138
X-32 Total net assets or fund balancesStart of year $25,390,625$31,691,138
X-33 Total liabilities and net assetsStart of year $26,553,664$32,607,854
Part XI · Reconciliation of net assets $31,691,138 net assets at year end
XI-1 Total revenue$6,424,978
XI-2 Total expenses$1,387,491
XI-3 Revenue less expenses$5,037,487
XI-4 Net assets at start of year$25,390,625
XI-8 Prior period adjustments$1,263,026
XI-10 Net assets at end of year$31,691,138

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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