philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Escalante Meadows Development Company

Tax-deductible

Lompoc, CA501(c)(3)HousingEIN 92-0337266Revenue $69K in FY2024

On file with the IRS815 W Ocean Ave, 93436-6526 · Lompoc, CATax-exempt since Aug 2023Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To promote social welfare by combatting community deterioration by encouraing economic Development in the severely distressed community of guadalupe, ca, through the construction of commercial real property for use by community-oriented tenants and low income persons.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 3
filings with a surplus
Average surplus $227K a year · 100% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2995827 mo
of spending, in cash
Looks good: 2995827.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.6M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
Spent
$14
To programs
100%
Net assets
$681K
By yearFY2022–FY2024
Revenue
$69K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2022$612K
FY2023$0
FY2024$69K
Expenses
$14
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022$0
FY2023$0
FY2024$14
Net assets
$681K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2022$612K
FY2023$612K
FY2024$681K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $14

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Henry Mercado
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mireya Pina
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Escalante Meadows Development Company executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 commercial property to boost economic development and combat community decline in Guadalupe, CA.

Questions for Escalante Meadows Development Company

Tap to ask. Escalante Meadows Development Company sees how many people are interested.

Your first name shows with your question. Escalante Meadows Development Company answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $14 · in their own filed words · FY2024
01

The organization was organized to support the housing authority of the county of santa barbara, a public agency, in developing and operating affordable housing for low income persons. The organization is constructing commercial real property for use by community-oriented tenants and low income persons.

$14program expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$69K
Ln 12
Fees for servicesLn 2g$69K
Money outPt IX
$14
Ln 25
Programscol B$14
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$19.3M
LiabilitiesLn 26$18.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$69K
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$3.5M
Cash and savings togetherLn 1–2$3.5M
Land, buildings, equipmentLn 10c$15.1M
Other assetsLn 15$661K
Total assetsLn 16$19.3M
LiabilitiesLn 26$18.6M
Net assetsLn 32$681K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$10.3M$3.5M
Land, buildings, equipmentLn 10c$6.8M$15.1M
Total assetsLn 16$18.0M$19.3M
LiabilitiesLn 26$17.4M$18.6M
Net assetsLn 32$612K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$14$14
Total functional expensesLn 25$14$14$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $69K$14$69K$681K 990 PDF
FY2023 $0$0$0$612K 990 PDF
FY2022 $612K$0$612K$612K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $69,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$69,334
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$69,334
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 $0$14
I-18 Total expensesPrior year $0$14
I-19 Revenue less expensesPrior year $0$69,320
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $69,334 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,334$69,334
VIII-12 Total revenueRelated to mission $69,334 · Unrelated business $0 · Excluded from tax $0$69,334
Part IX · Statement of functional expenses $14 across 1 line filed
IX-13 Office expensesPrograms $14$14
IX-25 Total functional expensesPrograms $14 · Management $0 · Fundraising $0$14
Part X · Balance sheet $19,291,600 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,308,801$3,495,132
X-10c Land, buildings and equipment, netStart of year $6,829,670$15,135,027
X-15 Other assetsStart of year $825,032$661,441
X-16 Total assetsStart of year $17,963,503$19,291,600
X-25 Other liabilitiesStart of year $901,394$2,136,169
X-26 Total liabilitiesStart of year $17,351,362$18,610,139
X-32 Total net assets or fund balancesStart of year $612,141$681,461
X-33 Total liabilities and net assetsStart of year $17,963,503$19,291,600
Part XI · Reconciliation of net assets $681,461 net assets at year end
XI-1 Total revenue$69,334
XI-2 Total expenses$14
XI-3 Revenue less expenses$69,320
XI-4 Net assets at start of year$612,141
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$681,461

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.