Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
7 people listed on the 990; $91K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Bob Buente | $150,000 | $150,000 | $161,240 | $117,127 | $90,707 |
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.
See 1010 Development Corporation executive salaries →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
Builds and manages affordable housing, fostering community and economic growth.
Questions for 1010 Development Corporation
Your first name shows with your question. 1010 Development Corporation answers here, for everyone.
Management of multiple senior and affordable housing projects in downtown los angeles. Providing financial, accounting and bookkeeping services and assistance to churches, low-income housing owners, limited partnerships and not-for-profit organizations.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-4345495) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $43K | $40K |
| InvestmentsLn 11–13 | $306K | $387K |
| Land, buildings, equipmentLn 10c | $719K | $719K |
| Total assetsLn 16 | $4.4M | $4.7M |
| LiabilitiesLn 26 | $3.7M | $4.0M |
| Net assetsLn 32 | $694K | $725K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $88K | $77K | $11K | |
| Other salaries and wagesLn 7 | $115K | $101K | $14K | |
| Pension plan contributionsLn 8 | $6K | $5K | $738 | |
| Other employee benefitsLn 9 | $14K | $12K | $2K | |
| Payroll taxesLn 10 | $19K | $17K | $2K | |
| Legal feesLn 11b | $19K | $16K | $2K | |
| Accounting feesLn 11c | $4K | $4K | $480 | |
| Advertising and promotionLn 12 | $395 | $348 | $47 | |
| Office expensesLn 13 | $2K | $2K | $250 | |
| TravelLn 17 | $836 | $736 | $100 | |
| Conferences, conventions and meetingsLn 19 | $4K | $4K | $524 | |
| InterestLn 20 | $440 | $440 | ||
| Depreciation, depletion and amortizationLn 22 | $104 | $104 | ||
| InsuranceLn 23 | $8K | $7K | $989 | |
| Other expenses (24a–d)Ln 24 | $19K | $17K | $2K | |
| All other expensesLn 24e | $6K | $5K | $703 | |
| Total functional expensesLn 25 | $306K | $270K | $37K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS May 26, 2025 | $108K | $423K | −$315K | $670K | 990 PDF |
| FY2023Filed with the IRS Oct 24, 2024 | $25K | $531K | −$506K | $985K | 990 PDF |
| FY2022Filed with the IRS Oct 30, 2023 | $2.1M | $874K | $1.3M | $1.5M | 990 PDF |
| FY2021Filed with the IRS May 9, 2022 | $757K | $428K | $329K | $1.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS May 8, 2021 | $337K | $306K | $31K | $725K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $337,360 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, no flags
Part VIII · Statement of revenue $337,360 across 4 lines filed
Part IX · Statement of functional expenses $306,179 across 16 lines filed
Part X · Balance sheet $4,703,276 assets, 13 lines filed
Part XI · Reconciliation of net assets $725,000 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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