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Mar Vista Eldorado INC FY2023 filing

Tax-deductible

Oceanside, CA501(c)(3)Since 1984Housing EIN 33-0043075Revenue $832K in FY2023

On file with the IRS115 S Clementine St, 92054-3046 · Oceanside, CATax-exempt since Aug 1984Publicly supported charity — 170(b)(1)(A)(vi)

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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 community, with the federal housing administration section of hud. A project rental assistance contract (prac) provides rent assistance for low income families (or persons) as provided by section 8 program of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $98K a year · 12% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $267K in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $267K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$832K
+5% vs prior year
Spent
$935K
To programs
86%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$832K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$717K
FY2021$764K
FY2022$793K
FY2023$832K
FY2024$821K
FY2025$929K
Expenses
$935K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$816K
FY2021$871K
FY2022$858K
FY2023$935K
FY2024$973K
FY2025$992K
Net assets
$3.8M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$3.9M
FY2022$3.9M
FY2023$3.8M
FY2024$3.6M
FY2025$3.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1984.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $808K Management & general 14% · $127K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Peter James
President
$0Pt VII · Sec A
John Quintana
Vice President
$0Pt VII · Sec A
June M Chapman
Scretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mar Vista Eldorado INC executive salaries →

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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

Provides affordable housing for low-income families through apartment community operations.

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1 program · $808K · in their own filed words · FY2022
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…

$808Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$832K
Ln 12
Gifts and grantsLn 1h$551K
Fees for servicesLn 2g$277K
Other incomeLn 4–11$3K
Money outPt IX
$935K
Ln 25
Programscol B$808K
Managementcol C$127K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$3.8M
LiabilitiesLn 26$52K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$551K
Government grantsLn 1e$551K
Fees for servicesLn 2g$277K
Investment incomeLn 3$53
Other incomeLn 4–11$3K
Total revenueLn 12$832K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
InvestmentsLn 11–13$267K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$272K
Total assetsLn 16$3.8M
LiabilitiesLn 26$52K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$65K$18K
InvestmentsLn 11–13$226K$267K
Land, buildings, equipmentLn 10c$3.4M$3.3M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$59K$52K
Net assetsLn 32$3.9M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$76K$76K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$866$866
Office expensesLn 13$35K$35K
OccupancyLn 16$305K$305K
Depreciation, depletion and amortizationLn 22$122K$122K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$339K$339K
Total functional expensesLn 25$935K$808K$127K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $929K$992K−$64K$3.6M 990 PDF
FY2024 $821K$973K−$152K$3.6M 990 PDF
FY2023 Viewing $832K$935K−$104K$3.8M 990 PDF
FY2022 $793K$858K−$65K$3.9M 990 PDF
FY2021 $764K$871K−$107K$3.9M 990 PDF
FY2020 $717K$816K−$99K$4.1M 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 FY2023 990 (6 parts)
Part I · Summary $831,516 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $534,932$551,364
I-9 Program service revenuePrior year $255,464$276,903
I-10 Investment incomePrior year $53$53
I-11 Other revenuePrior year $2,958$3,196
I-12 Total revenuePrior year $793,407$831,516
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $858,343$935,401
I-18 Total expensesPrior year $858,343$935,401
I-19 Revenue less expensesPrior year −$64,936−$103,885
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $831,516 across 6 lines filed
VIII-1e Government grants$551,364
VIII-1h Total contributions, gifts and grants$551,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,903$276,903
VIII-3 Investment incomeExcluded from tax $53$53
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,196$3,196
VIII-12 Total revenueRelated to mission $276,903 · Unrelated business $0 · Excluded from tax $3,249$831,516
Part IX · Statement of functional expenses $935,401 across 8 lines filed
IX-11a Management feesManagement $75,948$75,948
IX-11c Accounting feesManagement $16,020$16,020
IX-12 Advertising and promotionManagement $866$866
IX-13 Office expensesManagement $34,573$34,573
IX-16 OccupancyPrograms $304,676$304,676
IX-22 Depreciation, depletion and amortizationPrograms $122,200$122,200
IX-23 InsurancePrograms $42,004$42,004
IX-24 Other expenses (24a–d)Programs $339,114$339,114
IX-25 Total functional expensesPrograms $807,994 · Management $127,407 · Fundraising $0$935,401
Part X · Balance sheet $3,825,687 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $64,687$17,861
X-4 Accounts receivableStart of year $186$0
X-10c Land, buildings and equipment, netStart of year $3,390,629$3,268,429
X-13 Program-related investmentsStart of year $226,312$267,100
X-15 Other assetsStart of year $254,961$272,297
X-16 Total assetsStart of year $3,936,775$3,825,687
X-17 Accounts payable and accrued expensesStart of year $40,495$23,001
X-25 Other liabilitiesStart of year $18,297$28,587
X-26 Total liabilitiesStart of year $58,792$51,588
X-27 Net assets without donor restrictionsStart of year $3,877,983$3,774,099
X-32 Total net assets or fund balancesStart of year $3,877,983$3,774,099
X-33 Total liabilities and net assetsStart of year $3,936,775$3,825,687
Part XI · Reconciliation of net assets $3,774,099 net assets at year end
XI-1 Total revenue$831,516
XI-2 Total expenses$935,401
XI-3 Revenue less expenses−$103,885
XI-4 Net assets at start of year$3,877,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,774,099

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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