Las Palmas Housing And Developement Corporation

Organization Overview

Las Palmas Housing And Developement Corporation is located in Encinitas, CA. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Palmas Housing And Developement Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Las Palmas Housing And Developement Corporation generated $556.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $103.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAS PALMAS HOUSING IS A CALIFORNIA NONPROFIT CHARITABLE CORPORATION DEDICATED TO ACQUIRE, DEVELOP, REHABILITATE AND SUPPORT AFFORDABLE HOUSING. THE ORGANIZATION WAS CREATED TO INCREASE AND IMPROVE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGING GENERAL PARTNER IN PROMENADE AT CREEKSIDE HOUSING PARTNERS LP WHICH OWNS A 65 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN MARCOS, CA WHICH IS A TAX CREDIT DEVELOPMENT.


MANAGING GENERAL PARTNER IN VINELAND FAMILY COMMUNMITY, LP WHICH OWNS AN AFFORDABLE FAMILY APARTMENT COMPLEX IN LOS ANGELES, CA.


MANAGING GENERAL PARTNER IN VINELAND SENIOR COMMUNMITY, LP WHICH OWNS AN AFFORDABLE SENIOR APARTMENT COMPLEX IN LOS ANGELES, CA.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Michaels
President
$0
Sherry Avery
Director
$0
Randy Stevenson
Director
$0
Victor Barone
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$554,137
Investment income $1,975
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $556,112

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