Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
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
8 people listed on the 990.
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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
Develops affordable, sustainable rental housing communities to address the island's housing crisis.
Questions for Housing Lopez
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Village North Project
In July of 2022 Housing Lopez purchased three parcels in Lopez Village for our second affordable rental housing project, a three-phase development project which will eventually provide up to 45 affordable rental housing units.
Fishbay Project
FishBay Cottages is comprised of six modular rental units (constructed in 2021) and intended for workforce housing. Each cottage (unit) is 843 square feet, with 2 bedrooms and 1 bathroom. All six of the units were occupied at the end of the year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $2.2M |
| InvestmentsLn 11–13 | $63K | $3.6M |
| Land, buildings, equipmentLn 10c | $3.2M | $3.1M |
| Total assetsLn 16 | $4.9M | $9.0M |
| LiabilitiesLn 26 | $583K | $571K |
| Net assetsLn 32 | $4.3M | $8.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $52K | $52K | ||
| Other salaries and wagesLn 7 | $2K | $2K | ||
| Payroll taxesLn 10 | $5K | $244 | $5K | |
| Management feesLn 11a | $50K | $50K | ||
| Legal feesLn 11b | $869 | $869 | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Other fees for servicesLn 11g | $17K | $5K | $12K | |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $16K | $10K | $5K | $810 |
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $3K | $3K | $494 | |
| InterestLn 20 | $23K | $23K | ||
| Payments to affiliatesLn 21 | $369K | $369K | ||
| Depreciation, depletion and amortizationLn 22 | $61K | $61K | ||
| InsuranceLn 23 | $19K | $17K | $800 | $393 |
| Other expenses (24a–d)Ln 24 | $4.3M | $4.3M | ||
| Total functional expensesLn 25 | $5.0M | $4.5M | $78K | $380K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $9.1M | $5.0M | $4.1M | $8.4M | 990 PDF |
| FY2023 | $1.7M | $459K | $1.3M | $4.3M | 990 PDF |
| FY2022 | $1.5M | $202K | $1.3M | $3.0M | 990 PDF |
| FY2021 | $1.2M | $29K | $1.2M | $1.7M | 990 PDF |
| FY2020 | $368K | $147K | $220K | $507K | 990 PDF |
| FY2019 | $316K | $39K | $277K | $287K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $9,055,781 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $9,055,781 across 7 lines filed
Part IX · Statement of functional expenses $4,972,340 across 16 lines filed
Part X · Balance sheet $8,955,728 assets, 10 lines filed
Part XI · Reconciliation of net assets $8,385,022 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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