Civic Intelligence

Housing Development Partners of San Diego

990 • Fiscal year 2021 • EIN 33-0427639

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

701 B Street 530San Diego, CA 92101

(619) 821-8178

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.72x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

8.38x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

20th percentile

-0.2%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$397,196

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

37th percentile

7.4%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

15%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$64,899,022

Up $4,463,113 (+7.4%) from 2020

Net Assets

Up

$18,232,551

Up $234,941 (+1.3%) from 2020

Liabilities

Up

$46,666,471

Up $4,228,172 (+10.0%) from 2020

Revenue

Up

$5,565,742

Up $723,141 (+15%) from 2020

Expenses

Up

$5,577,673

Up $75,244 (+1.4%) from 2020

Net Income

Up

-$11,931

Up $647,897 (+98%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2014: $14,120,043Liabilities 2014: $105,292Net Assets 2014: $14,014,7512014Assets 2015: $15,447,343Liabilities 2015: $114,604Net Assets 2015: $15,332,7392015Assets 2016: $15,900,419Liabilities 2016: $168,607Net Assets 2016: $15,731,8122016Assets 2017: $29,265,594Liabilities 2017: $12,131,348Net Assets 2017: $17,134,2462017Assets 2018: $38,523,960Liabilities 2018: $20,765,132Net Assets 2018: $17,758,8282018Assets 2019: $52,969,020Liabilities 2019: $35,653,761Net Assets 2019: $17,315,2592019Assets 2020: $60,435,909Liabilities 2020: $42,438,299Net Assets 2020: $17,997,6102020Assets 2021: $64,899,022Liabilities 2021: $46,666,471Net Assets 2021: $18,232,5512021Assets 2022: $63,947,825Liabilities 2022: $45,830,342Net Assets 2022: $18,117,4832022Assets 2023: $65,244,689Liabilities 2023: $46,062,614Net Assets 2023: $19,182,0752023Assets 2024: $56,713,981Liabilities 2024: $34,135,556Net Assets 2024: $22,578,4252024

Highlighted filing

2021

Assets$64,899,022
Liabilities$46,666,471
Net Assets$18,232,551

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $12,493,546Expenses 2014: $2,089,835Net Income 2014: $10,403,7112014Revenue 2015: $1,986,542Expenses 2015: $668,554Net Income 2015: $1,317,9882015Revenue 2016: $1,515,632Expenses 2016: $1,116,559Net Income 2016: $399,0732016Revenue 2017: $3,511,387Expenses 2017: $1,813,830Net Income 2017: $1,697,5572017Revenue 2018: $3,462,705Expenses 2018: $2,838,231Net Income 2018: $624,4742018Revenue 2019: $4,246,995Expenses 2019: $4,704,300Net Income 2019: -$457,3052019Revenue 2020: $4,842,601Expenses 2020: $5,502,429Net Income 2020: -$659,8282020Revenue 2021: $5,565,742Expenses 2021: $5,577,673Net Income 2021: -$11,9312021Revenue 2022: $5,426,565Expenses 2022: $5,512,361Net Income 2022: -$85,7962022Revenue 2023: $7,262,398Expenses 2023: $5,794,600Net Income 2023: $1,467,7982023Revenue 2024: $9,141,673Expenses 2024: $6,000,852Net Income 2024: $3,140,8212024

Highlighted filing

2021

Revenue$5,565,742
Expenses$5,577,673
Net Income-$11,931
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$5,565,742
Mission and Program Overview

Mission

To preserve and increase affordable housing opportunities for low- and moderate-income residents

Preserve & increase affordable housing opportunities for low- and moderate-income residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,938,766$16,482,189▲ $4,543,423
Other Notes and Loans Receivable, Net$15,529,565$15,703,826▲ $174,261
Savings and Temporary Cash Investments$7,551,313$8,901,785▲ $1,350,472
Cash and Non-Interest-Bearing Accounts$3,025,296$2,989,053▼ $36,243
Accounts Receivable$3,048,846$1,197,853▼ $1,850,993
Investments Program Related$510,252$846,406▲ $336,154
Prepaid Expenses and Deferred Charges$58,816$67,297▲ $8,481
Total Assets$60,435,909$64,899,022▲ $4,463,113
Other Assets Total$18,773,055$18,710,613▼ $62,442
Liabilities
Other Liabilities$17,371,456$21,397,972▲ $4,026,516
Mortgage Notes Payable Secured by Investment Property$20,524,378$20,982,608▲ $458,230
Deferred Revenue$3,752,469$3,682,449▼ $70,020
Accounts Payable and Accrued Expenses$789,996$603,442▼ $186,554
Total Liabilities$42,438,299$46,666,471▲ $4,228,172
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,997,610$18,232,551▲ $234,941
Total Net Assets Fund Balance$17,997,610$18,232,551▲ $234,941
Total Liabilities and Net Assets / Fund Balance$60,435,909$64,899,022▲ $4,463,113

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,730,935$445,133$13,176,068
Equipment$1,822,035$1,624,983$3,447,018
Leasehold Improvements$1,516,623$305,060$1,821,683
Land$244,481-$244,481
Other Land Buildings$168,115-$168,115
Other Assets Org$13,134,227--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard C GentryPresident & CEO
Gary GramlingDirector
Roberta SpoonAssistant Secretary
Suket DayalInterim CFO
Stephanie BenvenutoSecretary
Tracey McdermottSr VP & CFO (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$61,900
Program Service Revenue
$4,859,024
Investment Income
$644,818
Other Revenue
$0
Change in Net Assets
$-11,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,174,316
Salaries, Compensation, and Employee Benefits$403,357
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$535,689$1,163,788-$1,699,477
Occupancy$1,050,882$75,412-$1,126,294
Depreciation Depletion$869,457$5,118-$874,575
Other Salaries and Wages$317,093--$317,093
Interest$277,987--$277,987
Fees for Services Management-$168,337-$168,337
Office Expenses$43,319$29,547-$72,866
Other Employee Benefits$61,857--$61,857
Fees for Services Accounting-$61,315-$61,315
Fees for Services Legal$30,155$20,408-$50,563
All Other Expenses$30,967$18,817-$49,784
Information Technology$25,483$22,183-$47,666
Other Expenses$32,031$259,850-$32,031
Travel$4,485$21,965-$26,450
Payroll Taxes$24,407--$24,407
Insurance$282$9,883-$10,165
Advertising$1,507--$1,507
Fees for Service Investment Mgmnt Fees-$148-$148
Total Functional Expenses$3,719,336$1,858,337$0$5,577,673
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$21,065,533
Security Deposits$169,511
Ground Lease Payable$162,928
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section B, Line 12C

Directors are required to disclose any possible conflicts of interest to the board annually and if any arise during the year. Most directors also complete a california fair political practices commission form 700.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Housing Development Partners
EIN
33-0427639
Phone
6198218178
Address
701 B STREET 530, SAN DIEGO, CA 92101

Signing Officer

Name
Suket Dayal
Title
Interim CFO
Phone
6198218178
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracey Mcdermott
Formed
1990
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 535,689. Management and general expenses 1,163,788. Fundraising expenses 0. Total expenses 1,699,477.

FORM 990, PART XII, LINE 2C:

The organization's processes for oversight of the audit of its financial statements and selection of an independent accountant have not changed from the previous year

FORM 990, PART IX, LINES 7-10:

All employees are paid only by the san diego housing commission (sdhc). There is no separate payment from housing development partners of san diego (hdp) to any employees of the sdhc, including, president & ceo of the commission, the executive vice president & cso, the sr. Vice-president, vice-president, director and others. Hdp reimburses sdhc for the portion of the sdhc employees' salaries and other compensation that is paid to those employees by the sdhc.

Financial Statement Notes

PART X, LINE 2:

Hdp and hdp mason have applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501 (c)(3) of the internal revenue code and section 23701(d) of the california revenue and taxation code. Hdp and hdp mason did not have any unrelated business income for the years ended december 31, 2021 and 2020. Due to their tax-exempt status, these entities are not subject to income taxes. These entities are required to file tax returns with the irs and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and these entities have no other tax positions which must be considered for disclosure. The remaining operating entities are pass-through entities for income tax purposes and are not subject to income taxes. All items of taxable income, deductions and tax credits are passed through to and are reported by their owners on their respective income tax returns. The operating entities' federal tax status as pass-through entities is based on their legal status as a partnership or llc. The operating entities are required to file tax returns with the internal revenue service ("irs") and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and the entities have no other tax positions which must be considered for disclosure. Income tax returns filed by the entities are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2018 remain open.

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IRS990/OtherExpensesGrp/ProgramServicesAmt0366080
IRS990/OtherExpensesGrp/ProgramServicesAmt147655
IRS990/OtherExpensesGrp/ProgramServicesAmt232031
IRS990/OtherExpensesGrp/TotalAmt0367646
IRS990/OtherExpensesGrp/TotalAmt1259850
IRS990/OtherExpensesGrp/TotalAmt247655
IRS990/OtherExpensesGrp/TotalAmt332031
IRS990/OtherLiabilitiesGrp/BOYAmt017371456
IRS990/OtherLiabilitiesGrp/EOYAmt021397972
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0317093
IRS990/OtherSalariesAndWagesGrp/TotalAmt0317093
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt015529565
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt015703826
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt024407
IRS990/PayrollTaxesGrp/TotalAmt024407
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058816
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067297
IRS990/PrincipalOfficerNm0TRACEY MCDERMOTT
IRS990/PriorPeriodAdjustmentsAmt0246872
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEE
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4PARTNERSHIP LOSSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03174739
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11636702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2148818
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt331138
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4-132373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03174739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11636702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2148818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331138
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4-132373
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt057132
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0687124
IRS990/PYOtherExpensesAmt05186664
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04098345
IRS990/PYRevenuesLessExpensesAmt0-659828
IRS990/PYSalariesCompEmpBnftPaidAmt0315765
IRS990/PYTotalExpensesAmt05502429
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04842601
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-11931
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt061900
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04859024
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07551313
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08901785
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO HAS A MEMORANDUM OF UNDERSTANDING WITH THE SAN DIEGO HOUSING COMMISSION TO USE THE STAFF OF THE SAN DIEGO HOUSING COMMISSION TO CARRY OUT THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO. WAGES ARE PAID TO EMPLOYEES BY THE SAN DIEGO HOUSING COMMISSION AND BILLED TO HOUSING DEVELOPMENT PARTNERS OF SAN DIEGO.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. EMPLOYEES ARE SHARED BY THE ENTITIES AND THE COMMISSION HAS A SIGNIFICANT VOICE IN THE INVESTMENTS AND DIRECTION OF THE ASSETS HELD BY HOUSING DEVELOPMENT PARTNERS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2HOUSING DEVELOPMENT PARTNERS SERVES AS THE PRIMARY DEVELOPMENT ARM OF THE SAN DIEGO HOUSING COMMISSION. ALL OF THE ACTIVITIES OF HOUSING DEVELOPMENT PARTNERS ARE SOLELY IN SUPPORT OF THE COMMISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART I ADDITIONAL SUPPLEMENTAL INFORMATION
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1C:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0953390896
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SAN DIEGO HOUSING COMMISSION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt012730935
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0445133
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013176068
IRS990ScheduleD/EquipmentGrp/BookValueAmt01822035
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01624983
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03447018
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0244481
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0244481
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01516623
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0305060
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01821683
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03405333
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt179426
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21609124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3309942
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4172561
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt513134227
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RELATED PARTY ADVANCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DEVELOPER FEES RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0168115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0168115
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021065533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1162928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2169511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GROUND LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HDP AND HDP MASON HAVE APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. HDP AND HDP MASON DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. DUE TO THEIR TAX-EXEMPT STATUS, THESE ENTITIES ARE NOT SUBJECT TO INCOME TAXES. THESE ENTITIES ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THESE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE REMAINING OPERATING ENTITIES ARE PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND ARE NOT SUBJECT TO INCOME TAXES. ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE OPERATING ENTITIES' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS A PARTNERSHIP OR LLC. THE OPERATING ENTITIES ARE REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ENTITIES ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2018 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016482189
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018710613
IRS990ScheduleD/TotalLiabilityAmt021397972
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0378365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1248311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2214953
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00

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