Mar Vista Eldorado INC EIN 33-0043075 Form 990 (PDF) Claim this org

Mar Vista Eldorado INC

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Provides affordable housing for low-income families through apartment community operations. For fiscal year 2024 it reported $929K in revenue, $992K in expenses, and $3.6M in net assets.Pt I

Founded
1984
Type
Public charity (501(c)(3)) · Housing
Location
Oceanside, CA
Filings
5 on file (2020–2024)
Revenue
$929KFY2024
Expenses
$992K
Net assets
$3.6M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  33-0043075 Public charity (501(c)(3)) Oceanside, CA Founded 1984
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides affordable housing for low-income families through apartment community operations.
Leadership
Peter James · President
Money in and out
$929K revenue, $992K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$992K
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs+0.1% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▲ +63% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$929K
FY2024▲ +13%
Expenses
$992K
FY2024▲ +2%
Total assets
$3.6M
FY2024▼ -3%
Total liabilities
$70K
FY2024▼ -35%
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$992K
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$3.6M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $854K of program spending, described in the organization's own filed words · FY2024.
01

The not for profit corporation was organized to construct, own and operate a 73 unit apartment community in oceanside, california, known as mar vista apartments. It was organized pursuant to section 202 of the national housing act as amended and has entered into the standard fha regulatory agreements, which govern the operation of the…

$854Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMar Vista Eldorado INC
EINHdr · item D33-0043075
Principal addressHdr · item COceanside, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1984
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L210)
Ruling yearIRS BMFAug 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$583K · 63%
Program service revenue$341K · 37%
Contributions & grants63%$583K
Program service revenue37%$341K
Investment income$57
Other revenue$4K
— government grantsLn 1e$583K
Total revenueLn 12$929K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$854K
Management & general14%$138K
Total functional expensesLn 25$992K

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$3.6M
Total liabilitiesLn 26$70K
Total net assetsLn 32$3.6M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16K · Operating expenses/yr $992K
0.2 months
Where the money goes
Program services
Program services $854K · Total expenses $992K
86%
Management & General
Management & general $138K · Total expenses $992K
14%
Fundraising
Fundraising $0 · Total expenses $992K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $583K · Total revenue $929K
63%
Government reliance
Government grants $583K · Total revenue $929K
63%
Earned-income share
Program service revenue $341K · Total revenue $929K
37%
Investment reliance
Investment income $57 · Total revenue $929K
<0.01%
Program self-sufficiency
Program service revenue $341K · Total expenses $992K
34%
Growth & trend
Revenue growth (YoY)
This year $929K · Prior year $821K
+13%
Revenue CAGR
FY2019 $717K · FY2024 $929K
+5%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $929K · Expenses $992K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $3.6M
Net-asset ratio
Net assets $3.6M · Total assets $3.6M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Peter James · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $992K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $992K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Revenue growth 13%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$821K revenue · ⤓ 990 PDF
FY2023$832K revenue · ⤓ 990 PDF
FY2022$793K revenue · ⤓ 990 PDF
FY2021$764K revenue · ⤓ 990 PDF
FY2020$717K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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