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Esperanza Housing and Community Development Corporation

Esperanza Housing and Community Development Corporation

San Diego, CA
Tax ID33-0515218

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About this organization

Revenue

$6,653,780

Expenses

$4,655,048

Website

chworks.org

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.

About

Esperanza 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.

Interesting data from their 2019 990 filing

According to the filing, the non-profit's mission is “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.”.

When referring to its actions, they were described as: “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.”.

  • According to the law, the state of operation reported by the non-profit is CA.
  • As per the filing, the address of the non-profit for 2019 is 3111 CAMINO DEL RIO NORTH 800, SAN DIEGO, CA, 92108.
  • According to their form, the non-profit as of 2019 has a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,998,732.
  • The CEO's salary plan within the organization is not subject to review and endorsement by a neutral party.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 2 independent voting members.
  • The organization was formed in 1991.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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