Civic Intelligence

Esperanza Housing and Community Development Corporation

990 • Fiscal year 2018 • EIN 33-0515218

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 10, 2019

Organization ProfileWWW.CHWORKS.ORG
3111 Camino Del Rio NorthSan Diego, CA 92108

(619) 282-6647

Siviq Scores

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

Liabilities / Assets

85th percentile

0.79x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

6.13x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$251,800

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

37th percentile

0.2%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

160%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$51,948,382

Up $129,052 (+0.2%) from 2017

Net Assets

Down

$11,167,868

Down $369,825 (-3.2%) from 2017

Liabilities

Up

$40,780,514

Up $498,877 (+1.2%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin83rd percentile

Revenue

Up

$6,653,780

Up $4,097,795 (+160%) from 2017

Expenses

Up

$4,655,048

Up $1,274,298 (+38%) from 2017

Net Income

Up

$1,998,732

Up $2,823,497 (+342%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$200M$150M$100M$50M$0Assets 2016: $4,088,585Liabilities 2016: $0Net Assets 2016: $4,088,5852016Assets 2017: $51,819,330Liabilities 2017: $40,281,637Net Assets 2017: $11,537,6932017Assets 2018: $51,948,382Liabilities 2018: $40,780,514Net Assets 2018: $11,167,8682018Assets 2019: $50,135,803Liabilities 2019: $5,735,570Net Assets 2019: $44,400,2332019Assets 2020: $51,920,065Liabilities 2020: $4,568,271Net Assets 2020: $47,351,7942020Assets 2021: $51,473,357Liabilities 2021: $6,356,205Net Assets 2021: $45,117,1522021Assets 2022: $55,504,610Liabilities 2022: $3,845,336Net Assets 2022: $51,659,2742022Assets 2023: $171,394,736Liabilities 2023: $81,812,188Net Assets 2023: $89,582,5482023Assets 2024: $141,529,328Liabilities 2024: $67,295,338Net Assets 2024: $74,233,9902024

Highlighted filing

2018

Assets$51,948,382
Liabilities$40,780,514
Net Assets$11,167,868
Open 2018 Filing

Operations Trend

Revenue Growth97th percentile

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

$40M$20M$0-$20MRevenue 2016: $3,429,522Expenses 2016: $0Net Income 2016: $3,429,5222016Revenue 2017: $2,555,985Expenses 2017: $3,380,750Net Income 2017: -$824,7652017Revenue 2018: $6,653,780Expenses 2018: $4,655,048Net Income 2018: $1,998,7322018Revenue 2019: $37,987,016Expenses 2019: $6,818,714Net Income 2019: $31,168,3022019Revenue 2020: $835,773Expenses 2020: $3,677,955Net Income 2020: -$2,842,1822020Revenue 2021: $882,602Expenses 2021: $1,634,465Net Income 2021: -$751,8632021Revenue 2022: $1,058,745Expenses 2022: $3,573,634Net Income 2022: -$2,514,8892022Revenue 2023: $4,697,340Expenses 2023: $4,708,562Net Income 2023: -$11,2222023Revenue 2024: $4,499,496Expenses 2024: $11,094,153Net Income 2024: -$6,594,6572024

Highlighted filing

2018

Revenue$6,653,780
Expenses$4,655,048
Net Income$1,998,732
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 10, 2019
Return Version
2018v3.1
Gross Receipts
$6,653,780
Mission and Program Overview

Mission

To create affordable housing opportunities for low and moderate income persons, through development, ownership, acquisition, lending and investment and to promote community development to improve housing and economic conditions of the underprivileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,158,981$40,081,305▲ $2,922,324
Other Notes and Loans Receivable, Net$9,917,907$9,917,907→ $0
Savings and Temporary Cash Investments$1,128,453$786,016▼ $342,437
Cash and Non-Interest-Bearing Accounts$488,588$404,182▼ $84,406
Prepaid Expenses and Deferred Charges$271,487$278,063▲ $6,576
Accounts Receivable$104,923$7,167▼ $97,756
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Investments Program Related$2,327,220$-56,166▼ $2,383,386
Total Assets$51,819,330$51,948,382▲ $129,052
Other Assets Total$421,771$529,908▲ $108,137
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,569,098$39,344,552▼ $224,546
Unsecured Notes Loans Payable-$724,010-
Accounts Payable and Accrued Expenses$81,332$572,104▲ $490,772
Other Liabilities$621,050$131,693▼ $489,357
Deferred Revenue$10,157$8,155▼ $2,002
Total Liabilities$40,281,637$40,780,514▲ $498,877
Net Assets / Fund Balance
Unrestricted Net Assets$11,537,693$11,167,868▼ $369,825
Total Net Assets Fund Balance$11,537,693$11,167,868▼ $369,825
Total Liabilities and Net Assets / Fund Balance$51,819,330$51,948,382▲ $129,052

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,392,335$1,573,506$35,965,841
Equipment$2,910,000-$2,910,000
Land$2,689,977-$2,689,977
Other Land Buildings$88,993-$88,993
Investment Program Related Org$-56,166--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Susan ReynoldsPresident / CEO
Brian KayCFO
Robert GottliebSecretary
Stephen BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,910,000
Program Service Revenue
$3,705,805
Investment Income
$0
Other Revenue
$37,975
All Other Contributions
$2,910,000
Change in Net Assets
$1,998,732

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$2,910,000Fair Market Value (FMV)
Total Noncash Contributions1$2,910,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,653,780
Total Revenue per Audited Statements
$6,653,780
Total Revenue per Form 990
$6,653,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,655,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$3,755,902--$3,755,902
Depreciation Depletion$899,146--$899,146
Total Functional Expenses$4,655,048$0$0$4,655,048

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,655,048
Total Expenses per Audited Statements$4,655,048
Total Expenses per Form 990$4,655,048
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$131,693
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The organization has a contract with an unaffiliated property management company to manage the daily operations of all the apartment complexes.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed internally and then presented to the audit committee for review. All board members receive a copy of the 990 for review prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“In case of a conflict of interest issue, the board would review the situation. There have been no known conflicts of interest for the current tax year.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization will provide the governing documents, policies and financial statements to any person who requests this information in writing. This information can be obtained in the form of pdf documents.”

Filing and Contact Details

Filer

Filer Name
Esperanza Housing & Community
EIN
33-0515218
Phone
6192826647
Address
3111 CAMINO DEL RIO NORTH, SAN DIEGO, CA 92108

Signing Officer

Name
Brian Kay
Title
CFO
Signed
2019-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Reynolds
Formed
1991
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Julie a Firl
Phone
6192947200
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Passthrough income = -$1935933”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Transfer of net assets = -$432624”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it appropriate support for any tax positions taken, and as such, do not have any uncertain tax positions that are material to the financial statements. The Organization is not a private foundation.The Organization's Returns of Organization Exempt from Income Tax for the years ended December 31, 2018, 2017, 2016 and 2015 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.”

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IRS990/Desc0Esperanza Housing and Community Development Corporation (Esperanza), a California Nonprofit Corporation, has partnership interests in 21 limited partnerships and is the sole member of Concord Sun Ridge, LLC, CHW Arden Way Development, LLC and Wooster Ave, LLC. The limited partnerships are developed and operated by Community HousingWorks (CHW), a California Nonprofit Corporation, as affordable housing for low-income persons. Each of these limited partnership's file a separate partnership tax return Form 1065 (federal) and Form 565 (state). Esperanza's mission to develop housing for low-income persons and to promote community development to improve the housing and economic conditions of the underprivileged is fulfilled through its participation as a limited partner in these limited partnerships. Esperanza received a distribution of $14,828 from Winona Gardens Housing Associates, L.P. during the year ended December 31, 2018. Partnership Names:Arden Way Housing Associates,L.PBreihan Housing Associates, L.P. Cedar Road Housing Associates, L.P.CHW Ulric Street Development, L.P. Daybreak Housing Partnership Esperanza Gardens Apartments, L.P.Eucalyptus View Cooperative Housing Associates, L.P.Haley Ranch Estates Housing Associates, L.P. Kalmia Street Housing Associates, L.P.Keeler Court Housing Associates, L.P.Kimball Tower Housing Associates, L.PMission Grove Housing Associates, L.PMorgan Tower Housing Associates, L.PMorningside Housing Associates, L.P.Nettleton Road Housing Associates, L.P. Orange Place Housing Associates, L.P.South Santa Fe Housing Associates, L.P.The Bowron Road Group Limited Partnership Tremont Street Apartments Limited PartnershipUlric Street Housing Associates, L.P.Winona Gardens Housing Associates, L.P.During the year ended December 31, 2018 Esperanza was the sole member of three Limited Liability Corporations (LLC), Concord Sun Ridge, LLC, CHW Arden Way Development, LLC and Wooster Ave, LLC. Concord Sun Ridge, LLC provided financing for a low-income housing project in 2017. CHW Arden Way Development LLC. was formed in 2018 to acquire a low-income housing project. Esperanza will perform pre-development activites and then sell the land to the tax credit entity. Wooster Ave, LLC operated a 201 unit low-income housing project located in San Jose, CA. These LLC's have been consolidated into this 990 for the year ended December 31, 2018.
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0271487
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0278063
IRS990/PrincipalOfficerNm0Susan Reynolds
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0PARTNERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TENANT ASSISTANCE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014083
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1263198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22715373
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3713151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1263198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22715373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3713151
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01949
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03380750
IRS990/PYOtherRevenueAmt014679
IRS990/PYProgramServiceRevenueAmt02539357
IRS990/PYRevenuesLessExpensesAmt0-824765
IRS990/PYTotalExpensesAmt03380750
IRS990/PYTotalRevenueAmt02555985
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01998732
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03705805
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01128453
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0786016
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03623151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03623151
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01949
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02992654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02539357
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03429522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08961533
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01949
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01949
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt037975
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt014679
IRS990ScheduleA/OtherIncome509Grp/TotalAmt052654
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt012584684
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06615805
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02539357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03429522
IRS990ScheduleA/Total509Grp/TotalAmt012584684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06653780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02555985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03429522
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012639287
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt034392335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01573506
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035965841
IRS990ScheduleD/EquipmentGrp/BookValueAmt02910000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02910000
IRS990ScheduleD/ExpensesSubtotalAmt04655048
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0-56166
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS IN LIMITED PARTNERSHIPS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt02689977
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02689977
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088993
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt088993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt06653780
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it appropriate support for any tax positions taken, and as such, do not have any uncertain tax positions that are material to the financial statements. The Organization is not a private foundation.The Organization's Returns of Organization Exempt from Income Tax for the years ended December 31, 2018, 2017, 2016 and 2015 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040081305
IRS990ScheduleD/TotalExpensesPerForm990Amt04655048
IRS990ScheduleD/TotalLiabilityAmt0131693
IRS990ScheduleD/TotalRevenuePerForm990Amt06653780
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06653780
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04655048
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0193268
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1214958
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08617
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt11965
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Brian Kay
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Susan Reynolds
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1President / CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0224042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1251800
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SOLAR EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt02910000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A CONTRACT WITH AN UNAFFILIATED PROPERTY MANAGEMENT COMPANY TO MANAGE THE DAILY OPERATIONS OF ALL THE APARTMENT COMPLEXES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED INTERNALLY AND THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW. ALL BOARD MEMBERS RECEIVE A COPY OF THE 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CASE OF A CONFLICT OF INTEREST ISSUE, THE BOARD WOULD REVIEW THE SITUATION. THERE HAVE BEEN NO KNOWN CONFLICTS OF INTEREST FOR THE CURRENT TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS TO ANY PERSON WHO REQUESTS THIS INFORMATION IN WRITING. THIS INFORMATION CAN BE OBTAINED IN THE FORM OF PDF DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PASSTHROUGH INCOME = -$1935933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF NET ASSETS = -$432624
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ESPERANZA HOUSING & COMMUNITY DEV CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1ESPERANZA HOUSING & COMMUNITY DEV CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2ESPERANZA HOUSING & COMMUNITY DEV CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0WOOSTER AVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CONCORD SUN RIDGE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2CHW ARDEN WAY DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0814998322
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1810714244
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2330515218
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt037899578
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt110299153
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt2879152
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1LOW INCOME HOUSING

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,948,382
Liabilities
$40,780,514
Net assets
$11,167,868
Revenue
$6,653,780
Expenses
$4,655,048
Net income
$1,998,732
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$67.3$74.2$4.50$11.1$6.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$171$81.8$89.6$4.70$4.71$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.5$3.85$51.7$1.06$3.57$2.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.5$6.36$45.1$0.88$1.63$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.9$4.57$47.4$0.84$3.68$2.84
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.1$5.74$44.4$38.0$6.82$31.2
2018Detailed filing. Detailed filing data is available for this year.$51.9$40.8$11.2$6.65$4.66$2.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.8$40.3$11.5$2.56$3.38$0.82
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.00$4.09$3.43$0.00$3.43