Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Tassafaronga Housing Corporation
EIN 26-1358548 • 501(c)3 • Oakland, CA
Profile
The specific charitable and public purpose for which the corporation is organized is to benefit and support the housing authority of the city of oakland, a public body coporate and politic (the "housing authority") and its purposes in accordance with section 509(a)(3)(a) of the internal revenue code (the "code") by (i) providing affordable housing for low-income persons and households where no adequate housing exists for such groups, (ii) providing decent, safe and sanitary housing for and assisting low-income persons and households by enabling them to secure the basic human need of decent shelter, (iii) acting as the general partner of a limited partnership (the "limited partnership") to develop and own affordable housing for low-income persons and households in the city of oakland ("oakland"), california.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
67.36x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Balance Sheet
Assets
Up$131,812
Up $10,808 (+8.9%) from 2024
Liabilities
Up$8,879,302
Up $2,021,755 (+29%) from 2024
Net Assets
Down-$8,747,490
Down $2,010,947 (-30%) from 2024
Revenue
Up$26,351
Up $646 (+2.5%) from 2024
Expenses
Down$2,027,298
Down $76,919 (-3.7%) from 2024
Net Income
Up-$2,000,947
Up $77,565 (+3.7%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $131,812
- Liabilities
- $8,879,302
- Net assets
- -$8,747,490
- Revenue
- $26,351
- Expenses
- $2,027,298
- Net income
- -$2,000,947
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Feb 23, 2026
- Return Version
- 2024v5.5
- Gross Receipts
- $26,351
Mission and Program Overview
Mission
The specific charitable and public purpose for which the corporation is organized is to benefit and support the housing authority of the city of oakland, a public body coporate and politic (the "housing authority") and its purposes in accordance with section 509(a)(3)(a) of the internal revenue code (the "code") by (i) providing affordable housing for low-income persons and households where no adequate housing exists for such groups, (ii) providing decent, safe and sanitary housing for and assisting low-income persons and households by enabling them to secure the basic human need of decent shelter, (iii) acting as the general partner of two limited partnerships (the limited partnerships") to develop and own affordable housing for low-income persons and households in the city of oakland ("oakland"), california.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ACTING AS THE GENERAL MANAGING PARTNER OF TWO LIMITED PARTNERSHIPS TO DEVELOP AND OWN AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS IN THE CITY OF OAKLAND, CALIFORNIA. | $0 | $1,987,959 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PATRICIA WELLS | Director & CEO | - | $0 | - | - |
| JANNY CASTILLO | President (Start 12/24) | - | $0 | - | - |
| LYNETTE JUNG LEE | President (Thru 12/24) | - | $0 | - | - |
| WILLIAM MAYES | Vice President (Start 12/24) | - | $0 | - | - |
| ANNA KAYDANOVSKAYA | Secretary | - | $0 | - | - |
| VICTOR MADAMBA | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Tassafaronga Housing Corporation
- EIN
- 26-1358548
- Phone
- 5108741500
- Address
- 1619 HARRISON ST, OAKLAND, CA 94612-3307
Signing Officer
- Name
- Patricia Wells
- Title
- Executive Director
- Phone
- 5108741500
- Signed
- 2026-02-23
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Armanino Advisory LLC
- Address
- 50 W SAN FERNANDO ST STE 500, SAN JOSE, CA 95113
- Preparer
- Wanwan Zhang
- Phone
- 4082006400
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: investment income. Amount: 3,661.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: loss from flow through investment. Amount: 1,986,695. Description: misc expenses. Amount: 1,264. Total to form 990-ez, line 16: 1,987,959.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: prior period adjustment. Amount: -10,000.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: partnership management fee receivable. Beg. Of year amount: 44,473. End of year amount: 23,106.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 5,880. End of year amount: 40,940. Description: deficit in partner capital - tassafaronga partners ii, lp. Beg. Of year amount: 2,380,095. End of year amount: 2,708,489. Description: deficit in partner capital - tassafaronga partners, lp. Beg. Of year amount: 4,471,572. End of year amount: 6,129,873.”
Raw XML Appendix176 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR & CEO |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VICE PRESIDENT (START 12/24) |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 44473 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 23106 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -10000 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1987959 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE SPECIFIC CHARITABLE AND PUBLIC PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO BENEFIT AND SUPPORT THE HOUSING AUTHORITY OF THE CITY OF OAKLAND, A PUBLIC BODY COPORATE AND POLITIC (THE "HOUSING AUTHORITY") AND ITS PURPOSES IN ACCORDANCE WITH SECTION 509(A)(3)(A) OF THE INTERNAL REVENUE CODE (THE "CODE") BY (I) PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS, (II) PROVIDING DECENT, SAFE AND SANITARY HOUSING FOR AND ASSISTING LOW-INCOME PERSONS AND HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER, (III) ACTING AS THE GENERAL PARTNER OF TWO LIMITED PARTNERSHIPS (THE LIMITED PARTNERSHIPS") TO DEVELOP AND OWN AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS IN THE CITY OF OAKLAND ("OAKLAND"), CALIFORNIA. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 22690 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ACTING AS THE GENERAL MANAGING PARTNER OF TWO LIMITED PARTNERSHIPS TO DEVELOP AND OWN AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND HOUSEHOLDS IN THE CITY OF OAKLAND, CALIFORNIA. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 1987959 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
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| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
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| IRS990ScheduleA/OtherSupportSumAmt | 0 | 1987959 |
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| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 946000758 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 1987959 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
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| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INVESTMENT INCOME. AMOUNT: 3,661. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: LOSS FROM FLOW THROUGH INVESTMENT. AMOUNT: 1,986,695. DESCRIPTION: MISC EXPENSES. AMOUNT: 1,264. TOTAL TO FORM 990-EZ, LINE 16: 1,987,959. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -10,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: PARTNERSHIP MANAGEMENT FEE RECEIVABLE. BEG. OF YEAR AMOUNT: 44,473. END OF YEAR AMOUNT: 23,106. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 5,880. END OF YEAR AMOUNT: 40,940. DESCRIPTION: DEFICIT IN PARTNER CAPITAL - TASSAFARONGA PARTNERS II, LP. BEG. OF YEAR AMOUNT: 2,380,095. END OF YEAR AMOUNT: 2,708,489. DESCRIPTION: DEFICIT IN PARTNER CAPITAL - TASSAFARONGA PARTNERS, LP. BEG. OF YEAR AMOUNT: 4,471,572. END OF YEAR AMOUNT: 6,129,873. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PATRICIA WELLS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5108741500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-02-23 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TASS |
| ReturnHeader/Filer/EIN | 0 | 261358548 |
| ReturnHeader/Filer/PhoneNum | 0 | 5108741500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1619 HARRISON ST |
| ReturnHeader/Filer/USAddress/CityNm | 0 | OAKLAND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 946123307 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 946214841 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ARMANINO ADVISORY LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 50 W SAN FERNANDO ST STE 500 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SAN JOSE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 95113 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4082006400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-02-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WANWAN ZHANG |
| ReturnHeader/ReturnTs | 0 | 2026-02-26T19:40:06-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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