Intercontinental Affordable Housing INC

Tax-deductible

Long Beach, CA501(c)(3)HousingEIN 95-3889086Revenue $535K in FY2024

On file with the IRSiahinc.org3553 Atlantic Avenue Suite 250, 90807-5606 · Long Beach, CATax-exempt since Sep 1993Publicly supported — 509(a)(2)

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To foster, support, construct, develop, acquire, rehabilitate, manage and/or operate qualified affordable housing for low-income families, disabled and elderly individuals.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 30 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $262K a year · 26% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 24% of spending
Top officer’s pay higher than 80% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$535K
-0.6% vs prior year
Spent
$526K
To programs
80%
Net assets
$36.0M
By yearFY2020–FY2024
Revenue
$535K
FY2024▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.1M
FY2022$1.3M
FY2023$538K
FY2024$535K
Expenses
$526K
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$898K
FY2022$654K
FY2023$522K
FY2024$526K
Net assets
$36.0M
FY2024+0.02%
Tap a bar for its year
Net assets by fiscal year
FY2020$35.1M
FY2021$35.3M
FY2022$36.0M
FY2023$36.0M
FY2024$36.0M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1993.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $422K Management & general 20% · $104K

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

5 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$90,000Pt VII · Sec A
Secretary/CFO
$36,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marco Gomez’s $90K as President is at the 80th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marco Gomez$90,000$90,000$91,000$90,000$90,000
Juan Carlos Chavez————$72,000
Cesar Martinez$36,000$36,000$36,750$36,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Builds and manages affordable housing for low-income families, disabled, and elderly individuals.

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Provided by the organization

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1 program · $422K · in their own filed words · FY2024
01

Develop, own and manage affordable housing projects

$422Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$535K
Ln 12
Fees for servicesLn 2g$535K
Money outPt IX
$526K
Ln 25
Programscol B$422K
Managementcol C$104K
Owns and owesPt X
$36.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$36.1M
LiabilitiesLn 26$21K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$535K
Total revenueLn 12$535K
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Other assetsLn 15$35.0M
Total assetsLn 16$36.1M
LiabilitiesLn 26$21K
Net assetsLn 32$36.0M
OperationsPt I, VI
EmployeesI 512
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$1.0M
Total assetsLn 16$36.1M$36.1M
LiabilitiesLn 26$29K$21K
Net assetsLn 32$36.0M$36.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$126K$101K$25K$0
Other salaries and wagesLn 7$198K$158K$40K$0
Payroll taxesLn 10$56K$45K$11K$0
Legal feesLn 11b$5K$5K$0$0
Office expensesLn 13$13K$10K$3K$0
Information technologyLn 14$5K$4K$1K$0
OccupancyLn 16$24K$19K$5K$0
TravelLn 17$2K$1K$325$0
InterestLn 20$232$200$32$0
InsuranceLn 23$82K$66K$16K$0
Other expenses (24a–d)Ln 24$14K$12K$3K$0
Total functional expensesLn 25$526K$422K$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $535K$526K$9K$36.0M 990 PDF
FY2023 $538K$522K$16K$36.0M 990 PDF
FY2022 $1.3M$654K$670K$36.0M 990 PDF
FY2021 $1.1M$898K$238K$35.3M 990 PDF
FY2020 $1.4M$1.1M$378K$35.1M 990 PDF

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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 $534,980 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $538,024$534,980
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $538,024$534,980
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 $434,795$380,056
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $87,067$145,931
I-18 Total expensesPrior year $521,862$525,987
I-19 Revenue less expensesPrior year $16,162$8,993
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $534,980 across 3 lines filed
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 $534,980 · Unrelated business $0 · Excluded from tax $0$534,980
VIII-12 Total revenueRelated to mission $534,980 · Unrelated business $0 · Excluded from tax $0$534,980
Part IX · Statement of functional expenses $525,987 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,000 · Management $25,000 · Fundraising $0$126,000
IX-7 Other salaries and wagesPrograms $158,125 · Management $39,531 · Fundraising $0$197,656
IX-10 Payroll taxesPrograms $45,120 · Management $11,280 · Fundraising $0$56,400
IX-11b Legal feesPrograms $5,000 · Management $0 · Fundraising $0$5,000
IX-13 Office expensesPrograms $10,423 · Management $2,606 · Fundraising $0$13,029
IX-14 Information technologyPrograms $4,296 · Management $1,074 · Fundraising $0$5,370
IX-16 OccupancyPrograms $19,200 · Management $4,800 · Fundraising $0$24,000
IX-17 TravelPrograms $1,299 · Management $325 · Fundraising $0$1,624
IX-20 InterestPrograms $200 · Management $32 · Fundraising $0$232
IX-23 InsurancePrograms $65,767 · Management $16,442 · Fundraising $0$82,209
IX-24 Other expenses (24a–d)Programs $11,573 · Management $2,894 · Fundraising $0$14,467
IX-25 Total functional expensesPrograms $422,003 · Management $103,984 · Fundraising $0$525,987
Part X · Balance sheet $36,054,424 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,005,589$1,028,992
X-4 Accounts receivableStart of year $3,943$3,919
X-15 Other assetsStart of year $35,043,585$35,021,513
X-16 Total assetsStart of year $36,053,117$36,054,424
X-17 Accounts payable and accrued expensesStart of year $29,021$21,335
X-26 Total liabilitiesStart of year $29,021$21,335
X-27 Net assets without donor restrictionsStart of year $36,024,096$36,033,089
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $36,024,096$36,033,089
X-33 Total liabilities and net assetsStart of year $36,053,117$36,054,424
Part XI · Reconciliation of net assets $36,033,089 net assets at year end
XI-1 Total revenue$534,980
XI-2 Total expenses$525,987
XI-3 Revenue less expenses$8,993
XI-4 Net assets at start of year$36,024,096
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,033,089

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

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