Civic Intelligence

Rincon De Los Esteros Inc.

990 • Fiscal year 2023 • EIN 77-0329569

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 13, 2024

Organization ProfileWWW.FIRSTHOUSING.ORG
75 E Santa Clara Street 1300San Jose, CA 95113

(408) 291-8650

Siviq Scores

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

Liabilities / Assets

99th percentile

3.22x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.20x

Higher debt load relative to revenue than 32% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$253,469

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

1st percentile

-87%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

687%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Flat

$2,243,652

Flat from 2023

Net Assets

Flat

-$4,990,050

Flat from 2023

Liabilities

Flat

$7,233,702

Flat from 2023

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin85th percentile

Revenue

Flat

$36,882,846

Flat from 2023

Expenses

Flat

$25,945,822

Flat from 2023

Net Income

Flat

$10,937,024

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$20M$0-$20MAssets 2011: $22,538,109Liabilities 2011: $25,842,396Net Assets 2011: -$3,304,2872011Assets 2012: $22,124,984Liabilities 2012: $25,728,446Net Assets 2012: -$3,603,4622012Assets 2013: $21,843,153Liabilities 2013: $25,795,837Net Assets 2013: -$3,952,6842013Assets 2014: $21,853,028Liabilities 2014: $25,746,157Net Assets 2014: -$3,893,1292014Assets 2015: $21,745,595Liabilities 2015: $25,614,814Net Assets 2015: -$3,869,2192015Assets 2016: $24,292,309Liabilities 2016: $33,425,923Net Assets 2016: -$9,133,6142016Assets 2017: $25,185,092Liabilities 2017: $34,042,602Net Assets 2017: -$8,857,5102017Assets 2018: $24,733,138Liabilities 2018: $34,115,014Net Assets 2018: -$9,381,8762018Assets 2019: $18,647,740Liabilities 2019: $33,782,066Net Assets 2019: -$15,134,3262019Assets 2020: $18,299,086Liabilities 2020: $33,674,796Net Assets 2020: -$15,375,7102020Assets 2021: $17,513,891Liabilities 2021: $33,061,910Net Assets 2021: -$15,548,0192021Assets 2022: $16,687,590Liabilities 2022: $32,614,664Net Assets 2022: -$15,927,0742022Assets 2023: $2,243,652Liabilities 2023: $7,233,702Net Assets 2023: -$4,990,0502023Assets 2023: $2,243,652Liabilities 2023: $7,233,702Net Assets 2023: -$4,990,0502023Assets 2024: $39,806Liabilities 2024: $6,971,540Net Assets 2024: -$6,931,7342024

Highlighted filing

2023

Assets$2,243,652
Liabilities$7,233,702
Net Assets-$4,990,050
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

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

$40M$20M$0-$20MExpenses 2011: $3,675,8212011Expenses 2012: $3,815,0072012Revenue 2013: $3,732,386Expenses 2013: $4,081,608Net Income 2013: -$349,2222013Revenue 2014: $4,012,490Expenses 2014: $3,952,935Net Income 2014: $59,5552014Revenue 2015: $4,034,080Expenses 2015: $4,010,170Net Income 2015: $23,9102015Revenue 2016: $3,937,649Expenses 2016: $9,202,044Net Income 2016: -$5,264,3952016Revenue 2017: $4,303,077Expenses 2017: $4,130,372Net Income 2017: $172,7052017Revenue 2018: $4,375,183Expenses 2018: $4,899,549Net Income 2018: -$524,3662018Revenue 2019: $4,597,151Expenses 2019: $10,349,601Net Income 2019: -$5,752,4502019Revenue 2020: $4,838,028Expenses 2020: $5,079,412Net Income 2020: -$241,3842020Revenue 2021: $4,662,633Expenses 2021: $4,834,942Net Income 2021: -$172,3092021Revenue 2022: $4,686,516Expenses 2022: $5,065,571Net Income 2022: -$379,0552022Revenue 2023: $36,882,846Expenses 2023: $25,945,822Net Income 2023: $10,937,0242023Revenue 2023: $36,882,846Expenses 2023: $25,945,822Net Income 2023: $10,937,0242023Revenue 2024: -$50,372Expenses 2024: $1,891,312Net Income 2024: -$1,941,6842024

Highlighted filing

2023

Revenue$36,882,846
Expenses$25,945,822
Net Income$10,937,024
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 13, 2024
Return Version
2023v5.1
Gross Receipts
$54,685,476
Mission and Program Overview

Mission

The corporation is organized to provide housing for low income persons and to serve as a general partner in limited partnerships which own and operate housing for the benefit of low income persons.

Provides housing for low income persons and families and owns and operates apartment complexes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,297,459$0▼ $18,297,459
Cash and Non-Interest-Bearing Accounts$515,974$1,546,860▲ $1,030,886
Prepaid Expenses and Deferred Charges$207,561$0▼ $207,561
Savings and Temporary Cash Investments$453,260$43,941▼ $409,319
Accounts Receivable$61,284$23,652▼ $37,632
Investments Program Related$-6,206,158$0▲ $6,206,158
Total Assets$16,687,590$2,243,652▼ $14,443,938
Other Assets Total$3,358,210$629,199▼ $2,729,011
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,191,184--
Other Liabilities$1,267,900$7,136,910▲ $5,869,010
Accounts Payable and Accrued Expenses$136,916$96,792▼ $40,124
Deferred Revenue$18,664--
Total Liabilities$32,614,664$7,233,702▼ $25,380,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-15,927,074$-4,990,050▲ $10,937,024
Total Net Assets Fund Balance$-15,927,074$-4,990,050▲ $10,937,024
Total Liabilities and Net Assets / Fund Balance$16,687,590$2,243,652▼ $14,443,938

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$366,713--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Gary SchoennauerChairman of the Bod (thru 06/23)
Richard L ConniffChairman/director/CEO
Geoffrey MorganPresident/CEO of Fch (thru 06/23)
Gerry DeyoungDirector
Jeff GeeDirector
Josh CrossDirector
Joyce RodgerDirector
Kermit ConleyDirector
Matthew JamesDirector
Susan MuysenbergDirector
Jaime AnguloDirector (thru 09/23)
David MunsonDirector of Finance of Fch
Dunia NoelSecretary/director
Robert SherrardTreasurer/director
Ru WeerakoonVP/director
Michael SanteroNon-voting VP & COO

Highest Paid Contractors

ContractorServicesLocationCompensation
John Stewart CompanyProperty Management104 WHISPERING PINES DR 200, Scotts Valley, CA 95066$875,995
D SquaredConstruction1037 SHARY CIRCLE, Concord, CA 94518$412,580
Imperial Flooring Solutions INCFlooring InstallationPO BOX 850, San Carlos, CA 94070$141,982
Pierce Maintenance & RecyclingMaintenancePO BOX 827, Liberty Lake, WA 99019$112,372
Revenue and Support

Revenue Composition

Contributions and Grants
$234,899
Program Service Revenue
$4,971,312
Investment Income
$32,205,489
Other Revenue
$-528,854
Change in Net Assets
$10,937,024

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,882,846
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$36,882,846
Total Revenue per Form 990
$36,882,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,630,082
Other Expenses$4,695,518
Salaries, Compensation, and Employee Benefits$620,222
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,630,082--$20,630,082
Interest$1,200,806--$1,200,806
Occupancy$977,937--$977,937
Depreciation Depletion$707,155--$707,155
Other Salaries and Wages$499,943--$499,943
Fees for Services Management-$180,477-$180,477
Fees for Services Other$155,944--$155,944
Office Expenses$113,435--$113,435
Other Employee Benefits$71,795--$71,795
Fees for Services Accounting-$46,745-$46,745
Payroll Taxes$42,642--$42,642
Fees for Services Legal-$25,307-$25,307
Advertising$22,981--$22,981
Information Technology$6,855--$6,855
Other Expenses$6,149--$6,149
Pension Plan Contributions$5,842--$5,842
Conferences and Meetings-$3,298-$3,298
Travel$1,590--$1,590
Insurance$1,028--$1,028
Total Functional Expenses$25,689,995$255,827$0$25,945,822

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,945,822
Total Expenses per Audited Statements$25,945,822
Total Expenses per Form 990$25,945,822
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Community HousingSan Jose, CA501c3General Support$20,630,082
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
Deficit in Investment in Limited Partnerships$6,735,014
Tenant Security Deposits$366,713
Accounts Payable - Affiliates$35,183
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

“A copy of the form 990 is provided to the board members, and the finance committee and management review and approve the form 990 before filing it.”

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

“Officers, directors and key employees are required to fill out a conflict of interest form annually disclosing any possible conflict. Those forms are given to the bod chairman, who evaluates the possible conflicts and follow the policies procedures.”

Form 990, Part VI, Section B, Line 15

“Top managment officials of the organization are compensated by first community housing, a related california non-profit organization.”

Form 990, Part VI, Section C, Line 19

“Financial statements and other public documents are provided upon request.”

Form 990 Part VII Section A Column (B)

“All board members attend board meetings of other related organizations. The ceo works 40 hours/week for first community housing, a related non-profit organization.”

Filing and Contact Details

Filer

Filer Name
Rincon De Los Esteros Inc
EIN
77-0329569
Phone
4082918650
Address
75 E SANTA CLARA STREET 1300, SAN JOSE, CA 95113

Signing Officer

Name
Richard Conniff
Title
Chairman & CEO
Phone
4082918650
Signed
2024-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Conniff
Formed
1992
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Armanino Llp
Address
50 W SAN FERNANDO ST STE 500, SAN JOSE, CA 95113
Preparer
Wanwan Zhang
Phone
4082006400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“On december 21, 2023, rincon sold its property and equipment to the santa clara county housing authority, for $50,000,000, resulting in a $32,197,370 gain on the sale of property and equipment. The proceeds from the sale were used to pay off the prudential multifamily mortgage and the city of san jose note.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state tax returns are more-likely-than-not to be sustained upon examination. The organization files information returns in the u.s. Federal jurisdiction and state of california. The organization's federal returns for the tax years 2020 and beyond remain subject to examination by the internal revenue service. The organization's california returns for the tax years 2019 and beyond remain subject to examination by the franchise tax board.”

Raw XML AppendixShowing 400 of 1,043 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1329255
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1448591
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1550094
IRS990/Form990PartVIISectionAGrp/PersonNm0GARY SCHOENNAUER
IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD L CONNIFF
IRS990/Form990PartVIISectionAGrp/PersonNm2RU WEERAKOON
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT SHERRARD
IRS990/Form990PartVIISectionAGrp/PersonNm4DUNIA NOEL
IRS990/Form990PartVIISectionAGrp/PersonNm5JAIME ANGULO
IRS990/Form990PartVIISectionAGrp/PersonNm6KERMIT CONLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JOSH CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm8GERRY DEYOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF GEE
IRS990/Form990PartVIISectionAGrp/PersonNm10MATTHEW JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN MUYSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm12JOYCE RODGER
IRS990/Form990PartVIISectionAGrp/PersonNm13GEOFFREY MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID MUNSON
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL SANTERO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13224214
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14191526
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15202254
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOD (THRU 06/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THRU 09/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT/CEO OF FCH (THRU 06/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE OF FCH
IRS990/Form990PartVIISectionAGrp/TitleTxt15NON-VOTING VP & COO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt032197370
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0234899
IRS990/GrantAmt020630082
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt020630082
IRS990/GrantsToDomesticOrgsGrp/TotalAmt020630082
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt050000000
IRS990/GrossReceiptsAmt054685476
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt06855
IRS990/InformationTechnologyGrp/TotalAmt06855
IRS990/InsuranceGrp/ProgramServicesAmt01028
IRS990/InsuranceGrp/TotalAmt01028
IRS990/InterestGrp/ProgramServicesAmt01200806
IRS990/InterestGrp/TotalAmt01200806
IRS990/InvestmentIncomeGrp/ExclusionAmt08119
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08119
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0-6206158
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018297459
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt017802630
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED TO PROVIDE HOUSING FOR LOW INCOME PERSONS AND TO SERVE AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt031191184
IRS990/NetAssetsOrFundBalancesBOYAmt0-15927074
IRS990/NetAssetsOrFundBalancesEOYAmt0-4990050
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032197370
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032197370
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-15927074
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-4990050
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0977937
IRS990/OccupancyGrp/TotalAmt0977937
IRS990/OfficeExpensesGrp/ProgramServicesAmt0113435
IRS990/OfficeExpensesGrp/TotalAmt0113435
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03358210
IRS990/OtherAssetsTotalGrp/EOYAmt0629199
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071795
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071795
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PREPAYMENT PENALTY
IRS990/OtherExpensesGrp/Desc2ADMINISTRATOR'S UNIT
IRS990/OtherExpensesGrp/Desc3UNIFORM AND LAUNDRY
IRS990/OtherExpensesGrp/ProgramServicesAmt0989675
IRS990/OtherExpensesGrp/ProgramServicesAmt1230000
IRS990/OtherExpensesGrp/ProgramServicesAmt226136
IRS990/OtherExpensesGrp/ProgramServicesAmt36149
IRS990/OtherExpensesGrp/TotalAmt0989675
IRS990/OtherExpensesGrp/TotalAmt1230000
IRS990/OtherExpensesGrp/TotalAmt226136
IRS990/OtherExpensesGrp/TotalAmt36149
IRS990/OtherLiabilitiesGrp/BOYAmt01267900
IRS990/OtherLiabilitiesGrp/EOYAmt07136910
IRS990/OtherRevenueMiscGrp/BusinessCd0900003
IRS990/OtherRevenueMiscGrp/Desc0LOSS ON INVESTMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-528854
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-528854
IRS990/OtherRevenueTotalAmt0-528854
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0499943
IRS990/OtherSalariesAndWagesGrp/TotalAmt0499943
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt042642
IRS990/PayrollTaxesGrp/TotalAmt042642
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05842
IRS990/PensionPlanContributionsGrp/TotalAmt05842
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0207561
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICHARD CONNIFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUDRY AND OTHER TENAN
IRS990/ProgramServiceRevenueGrp/Desc2SUSTAINABILITY PROJECT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04882443
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt187985
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04882443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2884
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION SERVES AS GENERAL PARTNER OF TWO LIMITED PARTNERSHIPS AND PROVIDES MANAGEMENT SERVICES TO BOTH PARTNERSHIPS. EACH PARTNERSHIP OWNS AND OPERATES MULTI-FAMILY APARTMENT BUILDINGS FOR A TOTAL OF 87 UNITS IN SAN JOSE AND SUNNYVALE. 209 PEOPLE WERE SERVED DURING THE YEAR.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0-528854
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0207728
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02972
IRS990/PYOtherExpensesAmt04434417
IRS990/PYOtherRevenueAmt0-405429
IRS990/PYProgramServiceRevenueAmt04881245
IRS990/PYRevenuesLessExpensesAmt0-379055
IRS990/PYSalariesCompEmpBnftPaidAmt0631154
IRS990/PYTotalExpensesAmt05065571
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04686516
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010937024
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04971312
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0453260
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043941
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,243,652
Liabilities
$7,233,702
Net assets
-$4,990,050
Revenue
$36,882,846
Expenses
$25,945,822
Net income
$10,937,024
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$6.97$6.93$0.05$1.89$1.94
2023Detailed filing. Detailed filing data is available for this year.$2.24$7.23$4.99$36.9$25.9$10.9
2023Summary only. Only limited summary data is available for this year.$2.24$7.23$4.99$36.9$25.9$10.9
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$32.6$15.9$4.69$5.07$0.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$33.1$15.5$4.66$4.83$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$33.7$15.4$4.84$5.08$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$33.8$15.1$4.60$10.3$5.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$34.1$9.38$4.38$4.90$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$34.0$8.86$4.30$4.13$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$33.4$9.13$3.94$9.20$5.26
2015Detailed filing. Detailed filing data is available for this year.$21.7$25.6$3.87$4.03$4.01$0.02
2014Summary only. Only limited summary data is available for this year.$21.9$25.7$3.89$4.01$3.95$0.06
2013Detailed filing. Detailed filing data is available for this year.$21.8$25.8$3.95$3.73$4.08$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$25.7$3.60$3.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$25.8$3.30$3.68