Guadalupe Plaza Development Corporation
- Assets
- $10.7m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 4
- Location
- San Diego, CA
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 95-3798088
Organization Overview
Guadalupe Plaza Development Corporation is located in San Diego, CA. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Guadalupe Plaza Development Corporation employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Guadalupe Plaza Development 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, Guadalupe Plaza Development Corporation generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $496.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION FORMERLY OPERATED A LOW-INCOME HOUSING APARTMENT COMPLEX THAT WAS SOLD IN 2021. GOING FORWARD THE ORGANIZATION WILL PROVIDE SUPPORT FOR OTHER LOW-INCOME HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND MAINTAINING A 100 UNIT SUBSIDIZED LOW-INCOME HOUSING APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROPERTY WAS SOLD IN MARCH 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Monsignor Mark Campbell President | OfficerTrustee | 0.5 | $0 |
Rod Valdivia Secretary | OfficerTrustee | 2 | $0 |
Rev Monsignor Edward Brockhaus Director | Trustee | 0.5 | $0 |
Bishop Robert W Mcelroy Director | Trustee | 1 | $0 |
Rev Monsignor Lawrence Purcell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,822 |
| 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 | $21,822 |
| Total Program Service Revenue | $334,307 |
| Investment income | $66,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,579,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,002,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,341 |
| Payroll taxes | $4,296 |
| Fees for services: Management | $21,452 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,859 |
| Advertising and promotion | $0 |
| Office expenses | $14,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,156 |
| Insurance | $12,160 |
| All other expenses | $0 |
| Total functional expenses | $496,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,121 |
| Savings and temporary cash investments | $1,176,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,636,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,686,364 |
| Accounts payable and accrued expenses | $71,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $71,374 |
| Net assets without donor restrictions | $10,614,990 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,686,364 |
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