Civic Intelligence

Unity Homes Inc

990 • Fiscal year 2022 • EIN 94-2203466

May 01, 2021 to Apr 30, 2022 • Filed on Sep 30, 2022

Organization ProfileN/A
595 Park Avenue Suite 310San Jose, CA 95110

(408) 885-9283

Siviq Scores

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

Liabilities / Assets

86th percentile

0.71x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

3.44x

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

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Net Margin

79th percentile

34%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Asset Growth

65th percentile

6.0%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$17,930,847

Up $1,011,296 (+6.0%) from 2021

Net Assets

Up

$5,284,712

Up $1,219,391 (+30%) from 2021

Liabilities

Down

$12,646,135

Down $208,095 (-1.6%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin79th percentile

Revenue

Down

$3,677,215

Down $8,355 (-0.2%) from 2021

Expenses

Down

$2,415,642

Down $101,382 (-4.0%) from 2021

Net Income

Up

$1,261,573

Up $93,027 (+8.0%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$20M$15M$10M$5.0M$0Assets 2012: $11,231,849Liabilities 2012: $8,869,775Net Assets 2012: $2,362,0742012Assets 2013: $16,091,120Liabilities 2013: $13,759,823Net Assets 2013: $2,331,2972013Assets 2014: $16,058,815Liabilities 2014: $13,855,128Net Assets 2014: $2,203,6872014Assets 2015: $16,062,859Liabilities 2015: $14,071,138Net Assets 2015: $1,991,7212015Assets 2016: $16,158,866Liabilities 2016: $13,926,402Net Assets 2016: $2,232,4642016Assets 2017: $15,763,789Liabilities 2017: $13,510,408Net Assets 2017: $2,253,3812017Assets 2018: $15,593,706Liabilities 2018: $13,357,664Net Assets 2018: $2,236,0422018Assets 2019: $15,482,559Liabilities 2019: $13,250,609Net Assets 2019: $2,231,9502019Assets 2020: $15,976,366Liabilities 2020: $13,084,644Net Assets 2020: $2,891,7222020Assets 2021: $16,919,551Liabilities 2021: $12,854,230Net Assets 2021: $4,065,3212021Assets 2022: $17,930,847Liabilities 2022: $12,646,135Net Assets 2022: $5,284,7122022Assets 2023: $18,814,055Liabilities 2023: $12,520,250Net Assets 2023: $6,293,8052023Assets 2024: $19,142,834Liabilities 2024: $12,314,651Net Assets 2024: $6,828,1832024Assets 2025: $19,334,367Liabilities 2025: $12,059,227Net Assets 2025: $7,275,1402025

Highlighted filing

2022

Assets$17,930,847
Liabilities$12,646,135
Net Assets$5,284,712
Open 2022 Filing

Operations Trend

Revenue Growth38th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,033,1602012Revenue 2013: $1,397,294Expenses 2013: $1,429,753Net Income 2013: -$32,4592013Revenue 2014: $1,837,537Expenses 2014: $1,966,305Net Income 2014: -$128,7682014Revenue 2015: $2,322,444Expenses 2015: $2,534,410Net Income 2015: -$211,9662015Revenue 2016: $2,274,576Expenses 2016: $2,033,833Net Income 2016: $240,7432016Revenue 2017: $2,152,866Expenses 2017: $2,131,949Net Income 2017: $20,9172017Revenue 2018: $2,178,733Expenses 2018: $2,194,883Net Income 2018: -$16,1502018Revenue 2019: $2,195,752Expenses 2019: $2,200,224Net Income 2019: -$4,4722019Revenue 2020: $3,176,144Expenses 2020: $2,517,758Net Income 2020: $658,3862020Revenue 2021: $3,685,570Expenses 2021: $2,517,024Net Income 2021: $1,168,5462021Revenue 2022: $3,677,215Expenses 2022: $2,415,642Net Income 2022: $1,261,5732022Revenue 2023: $3,867,219Expenses 2023: $2,902,520Net Income 2023: $964,6992023Revenue 2024: $3,982,444Expenses 2024: $3,697,177Net Income 2024: $285,2672024Revenue 2025: $4,063,856Expenses 2025: $3,913,620Net Income 2025: $150,2362025

Highlighted filing

2022

Revenue$3,677,215
Expenses$2,415,642
Net Income$1,261,573
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Sep 30, 2022
Return Version
2021v4.2
Gross Receipts
$3,677,215
Mission and Program Overview

Mission

To provide low-income housing on a cooperative basis, in a manner and for the purposes provided in title ii of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,450,096$10,076,697▼ $373,399
Rtn Earn Endowment Incm Other Fnds$3,997,216$5,216,607▲ $1,219,391
Cash and Non-Interest-Bearing Accounts$1,337,397$2,674,467▲ $1,337,070
Savings and Temporary Cash Investments$3,079,284$2,654,737▼ $424,547
Investments Other Securities$1,969,428$2,415,391▲ $445,963
Accounts Receivable$64,196$85,365▲ $21,169
Cap Stk Tr Prin Current Funds$43,988$43,988→ $0
Prepaid Expenses and Deferred Charges$19,150$24,190▲ $5,040
Pd in Cap Srpls Land Bldg Eqp Fund$24,117$24,117→ $0
Total Assets$16,919,551$17,930,847▲ $1,011,296
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,767,931$12,572,194▼ $195,737
Accounts Payable and Accrued Expenses$73,449$47,122▼ $26,327
Deferred Revenue$12,850$26,819▲ $13,969
Total Liabilities$12,854,230$12,646,135▼ $208,095
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,065,321$5,284,712▲ $1,219,391
Total Liabilities and Net Assets / Fund Balance$16,919,551$17,930,847▲ $1,011,296

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,820,255$5,612,833$15,433,088
Other Land Buildings$181,442$545,801$727,243
Land$75,000-$75,000
Other Securities$2,415,391--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Derrell WhitleyPresident
Rodney LeeVice President
Clarence StathamDirector
Esther BennettDirector
Jamil WardlowDirector
Joan DillSecretary
Alexis AlexanderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Spoa Security ServicesOnsite Security1800 OAKDALE AVE, San Francisco, CA 94124$302,565
San Francisco Public UtilitiesWater525-501 GOLDEN GATE AVE, San Francisco, CA 94102$141,950
EbmcManagement Fees555 CAPITOL MALL, Sacramento, CA 95814$112,800
Legacy Risk & InsuranceInsurance1850 MT DIABLO BLVD, Walnut Creek, CA 94596$102,660
Revenue and Support

Revenue Composition

Contributions and Grants
$2,851,330
Program Service Revenue
$815,071
Investment Income
$10,814
Other Revenue
$0
Change in Net Assets
$1,261,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,677,215
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-40,625
Total Revenue per Audited Statements
$3,636,590
Total Revenue per Form 990
$3,677,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,156,237
Salaries, Compensation, and Employee Benefits$259,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$462,869--$462,869
Depreciation Depletion$389,398--$389,398
Insurance$245,711--$245,711
Other Salaries and Wages$204,614--$204,614
Fees for Services Management-$67,680-$67,680
All Other Expenses$23,020$12,674-$35,694
Other Employee Benefits$31,022--$31,022
Fees for Services Other-$30,244-$30,244
Other Expenses$26,970--$26,970
Office Expenses$25,565--$25,565
Payroll Taxes$23,769--$23,769
Fees for Services Accounting$16,560--$16,560
Fees for Services Legal$7,039--$7,039
Conferences and Meetings$1,346--$1,346
Total Functional Expenses$2,305,044$110,598$0$2,415,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,415,642
Total Expenses per Audited Statements$2,415,642
Total Expenses per Form 990$2,415,642
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project is managed by eugene burger management corporation (ebmc), an unrelated c corporation. Ebmc is responsible for the day to day operations of the low income housing project, including maintenance of accounting records, rent collection, facility maintenance, etc.”

Form 990, Part VI, Section A, Line 6

“The members shall consist of such natural persons who have been approved for membership and who have executed an occupancy agreement & shall reside in a dwelling unit located in the project. The authorized membership of the corporation shall consist of 94 regular memberships.”

Form 990, Part VI, Section A, Line 7A

“The affairs of the corporation shall be governed by a board of directors composed of nine (9) persons, all of whom shall be members of the corporation. Directors are elected by a vote of the members of the corporation and shall serve a term of three years.”

Form 990, Part VI, Section A, Line 8B

“There are no subcommittees of the board of directors.”

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

“The form 990 is reviewed by the management agent and then presented to the board of directors. The form is signed by a board member.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Unity Homes Inc
EIN
94-2203466
Phone
4088859283
Address
595 PARK AVENUE SUITE 310, SAN JOSE, CA 95110

Signing Officer

Name
Derrell Whitley
Title
President
Phone
4088859283
Signed
2022-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derrell Whitley
Formed
1973
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
7

Preparer

Firm
Richardson & Company Llp
Address
550 HOWE AVENUE SUITE 210, SACRAMENTO, CA 95825
Preparer
Ingrid Sheipline CPA
Phone
9165648727
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Board review prior to filing.”

Financial Statement Notes

PART X, LINE 2:

“Fasb asc 740 footnote: the corporation has been granted tax-exempt status by the internal revenue service under code section 501(c)(4) and by the california franchise tax board under code section 23701(f). The organization believes that it does not have any uncertain tax positions that are material to the financial statements. The federal and state information returns for the years ending april 30, 2021, 2020, 2019, and 2018 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for the federal and state returns, respectively.”

Raw XML AppendixShowing 400 of 424 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt073449
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt047122
IRS990/AccountsReceivableGrp/BOYAmt064196
IRS990/AccountsReceivableGrp/EOYAmt085365
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW-INCOME HOUSING ON A COOPERATIVE BASIS, IN A MANNER AND FOR THE PURPOSES PROVIDED IN TITLE II OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt012674
IRS990/AllOtherExpensesGrp/ProgramServicesAmt023020
IRS990/AllOtherExpensesGrp/TotalAmt035694
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EUGENE BURGER MANAGEMENT CORP
IRS990/BooksInCareOfDetail/PhoneNum04088859283
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0595 PARK AVENUE SUITE 310
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095110
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt043988
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt043988
IRS990/CashNonInterestBearingGrp/BOYAmt01337397
IRS990/CashNonInterestBearingGrp/EOYAmt02674467
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01346
IRS990/ConferencesMeetingsGrp/TotalAmt01346
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0302565
IRS990/ContractorCompensationGrp/CompensationAmt1141950
IRS990/ContractorCompensationGrp/CompensationAmt2112800
IRS990/ContractorCompensationGrp/CompensationAmt3102660
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01800 OAKDALE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1525-501 GOLDEN GATE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2555 CAPITOL MALL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31850 MT DIABLO BLVD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAN FRANCISCO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1SAN FRANCISCO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SACRAMENTO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3WALNUT CREEK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd094124
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd194102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd295814
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd394596
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SPOA SECURITY SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SAN FRANCISCO PUBLIC UTILITIES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2EBMC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3LEGACY RISK & INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc0ONSITE SECURITY
IRS990/ContractorCompensationGrp/ServicesDesc1WATER
IRS990/ContractorCompensationGrp/ServicesDesc2MANAGEMENT FEES
IRS990/ContractorCompensationGrp/ServicesDesc3INSURANCE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02851330
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010814
IRS990/CYOtherExpensesAmt02156237
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0815071
IRS990/CYRevenuesLessExpensesAmt01261573
IRS990/CYSalariesCompEmpBnftPaidAmt0259405
IRS990/CYTotalExpensesAmt02415642
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03677215
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt012850
IRS990/DeferredRevenueGrp/EOYAmt026819
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0389398
IRS990/DepreciationDepletionGrp/TotalAmt0389398
IRS990/Desc0THE CORPORATION OWNS AND OPERATES A 94-UNIT COOPERATIVE APARTMENT COMPLEX FOR LOW-INCOME ELDERLY AND FAMILIES AT 220 CASHMERE STREET IN SAN FRANCISCO, CALIFORNIA. THIS PROJECT IS REGULATED BY HUD UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AS TO RENT CHARGES AND OPERATING METHODS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02305044
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt016560
IRS990/FeesForServicesAccountingGrp/TotalAmt016560
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt07039
IRS990/FeesForServicesLegalGrp/TotalAmt07039
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt067680
IRS990/FeesForServicesManagementGrp/TotalAmt067680
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt030244
IRS990/FeesForServicesOtherGrp/TotalAmt030244
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DERRELL WHITLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1RODNEY LEE
IRS990/Form990PartVIISectionAGrp/PersonNm2JOAN DILL
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEXIS ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm4ESTHER BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm5CLARENCE STATHAM
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMIL WARDLOW
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt02851330
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03677215
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0245711
IRS990/InsuranceGrp/TotalAmt0245711
IRS990/InterestGrp/ProgramServicesAmt0462869
IRS990/InterestGrp/TotalAmt0462869
IRS990/InvestmentIncomeGrp/ExclusionAmt010814
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010814
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01969428
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02415391
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06158634
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010450096
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010076697
IRS990/LandBldgEquipCostOrOtherBssAmt016235331
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LOW-INCOME HOUSING ON A COOPERATIVE BASIS, IN A MANNER AND FOR THE PURPOSES PROVIDED IN TITLE II OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012767931
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012572194
IRS990/NetAssetsOrFundBalancesBOYAmt04065321
IRS990/NetAssetsOrFundBalancesEOYAmt05284712
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-40625
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt025565
IRS990/OfficeExpensesGrp/TotalAmt025565
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031022
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031022
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3MISC. TAX/LICENSE/PERMI
IRS990/OtherExpensesGrp/ProgramServicesAmt0603638
IRS990/OtherExpensesGrp/ProgramServicesAmt1206038
IRS990/OtherExpensesGrp/ProgramServicesAmt237485
IRS990/OtherExpensesGrp/ProgramServicesAmt326970
IRS990/OtherExpensesGrp/TotalAmt0603638
IRS990/OtherExpensesGrp/TotalAmt1206038
IRS990/OtherExpensesGrp/TotalAmt237485
IRS990/OtherExpensesGrp/TotalAmt326970
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0204614
IRS990/OtherSalariesAndWagesGrp/TotalAmt0204614
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt023769
IRS990/PayrollTaxesGrp/TotalAmt023769
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt024117
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt024117
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019150
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024190
IRS990/PrincipalOfficerNm0DERRELL WHITLEY
IRS990/PriorPeriodAdjustmentsAmt0-1557
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0760918
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0760918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154153
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02852329
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018755
IRS990/PYOtherExpensesAmt02209928
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0814486
IRS990/PYRevenuesLessExpensesAmt01168546
IRS990/PYSalariesCompEmpBnftPaidAmt0307096
IRS990/PYTotalExpensesAmt02517024
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03685570
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01261573
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0815071
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03997216
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05216607
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03079284
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02654737
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/BookValueAmt09820255
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05612833
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015433088
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02415642
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-40625
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0181442
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0545801
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0727243
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02415391
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-40625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03677215
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740 FOOTNOTE: THE CORPORATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(4) AND BY THE CALIFORNIA FRANCHISE TAX BOARD UNDER CODE SECTION 23701(F). THE ORGANIZATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS ENDING APRIL 30, 2021, 2020, 2019, AND 2018 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR THE FEDERAL AND STATE RETURNS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010076697
IRS990ScheduleD/TotalBookValueSecuritiesAmt02415391
IRS990ScheduleD/TotalExpensesPerForm990Amt02415642
IRS990ScheduleD/TotalRevenuePerForm990Amt03677215
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03636590
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02415642
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY EUGENE BURGER MANAGEMENT CORPORATION (EBMC), AN UNRELATED C CORPORATION. EBMC IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW INCOME HOUSING PROJECT, INCLUDING MAINTENANCE OF ACCOUNTING RECORDS, RENT COLLECTION, FACILITY MAINTENANCE, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS SHALL CONSIST OF SUCH NATURAL PERSONS WHO HAVE BEEN APPROVED FOR MEMBERSHIP AND WHO HAVE EXECUTED AN OCCUPANCY AGREEMENT & SHALL RESIDE IN A DWELLING UNIT LOCATED IN THE PROJECT. THE AUTHORIZED MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF 94 REGULAR MEMBERSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AFFAIRS OF THE CORPORATION SHALL BE GOVERNED BY A BOARD OF DIRECTORS COMPOSED OF NINE (9) PERSONS, ALL OF WHOM SHALL BE MEMBERS OF THE CORPORATION. DIRECTORS ARE ELECTED BY A VOTE OF THE MEMBERS OF THE CORPORATION AND SHALL SERVE A TERM OF THREE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO SUBCOMMITTEES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE MANAGEMENT AGENT AND THEN PRESENTED TO THE BOARD OF DIRECTORS. THE FORM IS SIGNED BY A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016919551
IRS990/TotalAssetsEOYAmt017930847
IRS990/TotalAssetsGrp/BOYAmt016919551
IRS990/TotalAssetsGrp/EOYAmt017930847
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02851330
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0110598
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02305044
IRS990/TotalFunctionalExpensesGrp/TotalAmt02415642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012854230
IRS990/TotalLiabilitiesEOYAmt012646135
IRS990/TotalLiabilitiesGrp/BOYAmt012854230
IRS990/TotalLiabilitiesGrp/EOYAmt012646135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04065321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05284712
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02305044
IRS990/TotalProgramServiceRevenueAmt0815071
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010814
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0815071
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03677215
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016919551
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017930847
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0595 PARK AVENUE SUITE 310
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095110
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DERRELL WHITLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04088859283

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,930,847
Liabilities
$12,646,135
Net assets
$5,284,712
Revenue
$3,677,215
Expenses
$2,415,642
Net income
$1,261,573
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$12.1$7.28$4.06$3.91$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$12.3$6.83$3.98$3.70$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$12.5$6.29$3.87$2.90$0.96
2022Detailed filing. Detailed filing data is available for this year.$17.9$12.6$5.28$3.68$2.42$1.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$12.9$4.07$3.69$2.52$1.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$13.1$2.89$3.18$2.52$0.66
2019Detailed filing. Detailed filing data is available for this year.$15.5$13.3$2.23$2.20$2.20$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$13.4$2.24$2.18$2.19$0.02
2017Summary only. Only limited summary data is available for this year.$15.8$13.5$2.25$2.15$2.13$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$13.9$2.23$2.27$2.03$0.24
2015Detailed filing. Detailed filing data is available for this year.$16.1$14.1$1.99$2.32$2.53$0.21
2014Detailed filing. Detailed filing data is available for this year.$16.1$13.9$2.20$1.84$1.97$0.13
2013Summary only. Only limited summary data is available for this year.$16.1$13.8$2.33$1.40$1.43$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$8.87$2.36$1.03