The organization is organized as a california non-profit public benefit corporation which developed a 32 unit apartment complex which serves persons of low to moderate income.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $186K a year · 37% 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
29 mo
of spending, in cash
Looks good: 29.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$822K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$574K
Spent
$310K
To programs
97%
Net assets
$746K
By yearFY2020–FY2024
Revenue
$574K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$574K
FY2021$452K
FY2022$433K
FY2023$489K
FY2024$558K
Expenses
$310K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$266K
FY2022$324K
FY2023$341K
FY2024$334K
Net assets
$746K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$746K
FY2021$932K
FY2022$1.0M
FY2023$1.2M
FY2024$1.4M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Sep 1989.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $300K Management & general 3% · $10K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Castillo Homes 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 15aYes

Programs and updates

Provides affordable housing for low to moderate income individuals and families.

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Provided by the organization

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1 program · $300K · in their own filed words · FY2020
01

Operation and maintenance of the 32 unit apartment complex located in santa barbara, ca which serves persons of low to moderate income.

$300Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$574K
Ln 12
Fees for servicesLn 2g$450K
Investment incomeLn 3$125K
Money outPt IX
$310K
Ln 25
Programscol B$300K
Managementcol C$10K
Owns and owesPt X
$746K
net assets · Ln 32
Cash and savingsLn 1–2$752K
Total assetsLn 16$1.6M
LiabilitiesLn 26$822K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$450K
Investment incomeLn 3$125K
Gains on assetsLn 7$0
Total revenueLn 12$574K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$752K
Cash and savings togetherLn 1–2$752K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$797K
Other assetsLn 15$0
Total assetsLn 16$1.6M
LiabilitiesLn 26$822K
Net assetsLn 32$746K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$444K$752K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$800K$797K
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$1.1M$822K
Net assetsLn 32$481K$746K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$67K$67K
Legal feesLn 11b$145$145
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$33K$33K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$181K$179K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$310K$300K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $558K$334K$225K$1.4M 990 PDF
FY2023 $489K$341K$148K$1.2M 990 PDF
FY2022 $433K$324K$109K$1.0M 990 PDF
FY2021 $452K$266K$185K$932K 990 PDF
FY2020 Viewing $574K$310K$265K$746K 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 FY2020 990 (6 parts)
Part I · Summary $574,328 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $444,897$449,682
I-10 Investment incomePrior year $4,250$124,646
I-11 Other revenue$0
I-12 Total revenuePrior year $449,147$574,328
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $310,095$309,631
I-18 Total expensesPrior year $310,095$309,631
I-19 Revenue less expensesPrior year $139,052$264,697
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $574,328 across 8 lines filed
Lines not itemized here account for $114,083 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $449,682$449,682
VIII-3 Investment incomeExcluded from tax $10,563$10,563
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $563,765 · Excluded from tax $10,563$574,328
Part IX · Statement of functional expenses $309,631 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $67,485$67,485
IX-11b Legal feesManagement $145$145
IX-11c Accounting feesManagement $8,200$8,200
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $32,849$32,849
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,338$7,338
IX-23 InsurancePrograms $12,789$12,789
IX-24 Other expenses (24a–d)Programs $179,117 · Management $1,708$180,825
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $299,578 · Management $10,053 · Fundraising $0$309,631
Part X · Balance sheet $1,567,768 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $443,703$752,181
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,107$13,024
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,787$5,242
X-10c Land, buildings and equipment, netStart of year $800,281$797,321
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $356,616$0
X-16 Total assetsStart of year $1,614,494$1,567,768
X-17 Accounts payable and accrued expensesStart of year $3,630$7,559
X-25 Other liabilitiesStart of year $119,154$121,287
X-26 Total liabilitiesStart of year $1,133,116$821,693
X-27 Net assets without donor restrictionsStart of year $481,378$746,075
X-32 Total net assets or fund balancesStart of year $481,378$746,075
X-33 Total liabilities and net assetsStart of year $1,614,494$1,567,768
Part XI · Reconciliation of net assets $746,075 net assets at year end
XI-1 Total revenue$574,328
XI-2 Total expenses$309,631
XI-3 Revenue less expenses$264,697
XI-4 Net assets at start of year$481,378
XI-10 Net assets at end of year$746,075

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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