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Las Palmas Foundation

EIN 33-0497515 · Encinitas, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

LAS NBSP;PALMAS NBSP;FOUNDATION NBSP;A NBSP;CALIFORNIA NBSP;NON-PROFIT NBSP;CORPORATIN NBSP;IS NBSP;DEDICATED NBSP;TO NBSP;ACQUIRE NBSP;DEVELOP NBSP;REHABILITATE NBSP;AND NBSP;SUPPORT NBSP;AFFORDABLE NBSP;HOUSING NBSP;THE NBSP;ORGANIZATION NBSP;WAS NBSP;CREATED NBSP;TO NBSP;INCREASE NBSP;AND NBSP;IMPROVE NBSP;HOUSING NBSP;FOR NBSP;LOW NBSP;AND NBSP;MODERATE NBSP;INCOME NBSP;FAMILIES NBSP;AND NBSP;INDIVIDUALS

Income
$7.0 million
Spending
$1.5 million
Spent on programs
88%
Reserves
Over 10 years of spending
Largest source of income
fees for its services, 100%
Employees
7
Highest pay
$526,418, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 79% of income.

  • Income trend

    0 of 15

    Income fell 44% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100.

  • Independent board

    18 of 25

    3 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (62)
  1. $20,859 spent. CO-MANAGING GENERAL PARTNER IN AMCAL ALGRE FUND LP WHICH OWNS AND OPERATES A 104 UNIT AFFORDABLE FAMILY COMPLEX IN IRVINE CALIFORNIA.
  2. $20,859 spent. CO-MANAGING GENERAL PARTNER IN ALMADEN FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 220 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN JOSE CALIFORNIA. IT IS A BOND AND TAX CREDIT DEVELOPMENT.
  3. $20,859 spent. CO-MANAGING GENERAL PARTNER IN CAMBRIA PSH LP WHICH OWNS AND OPERATES A 57 UNIT AFORDABLE FAMILY APARTMENT COMPLEX IN LOS ANGELES CALIFORNIA.
  4. CO-MANAGING GENERAL IN S. BROADWAY SH LP WHICH OWNS AND OPERATES A 56 UNIT AFORDABLE FAMILY APARTMENT COMPLEX IN LOS ANGELES.
  5. CO-MANAGING PARTNER OF AUBURN PARK II LP WHICH OWNS AND OPERATES A 69 UNIT AFFORDABLE FAMILY PROJECT IN SAN DIEGO CALIFORNIA.
  6. CO MANAGING GENERAL PARTNER IN MACARTHUR PSH LP WHICH OWNS AND OPERATES A 44 UNIT HOMELESS SUPPORTIVE HOUSING APARTMENT COMPLEX IN OAKLAND CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  7. CO-MANAGING GENERAL PARTNER IN VALLEJO FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERTES AN 87 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX LOCATED IN VALLEJO CALIFORNIA. IT IS A TAX EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  8. CO-MANAGING GENERAL PARTNER IN WINDSOR METROPOLITAN LP WHICH OWNS AND OPERATES A 57 UNIT AFFORDABLE FAMILY HOUSING COMPLEX IN EMERYVILLE CALIFORNIA. IT IS A TAX EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  9. CO-MANAGING GENERAL PARTNER IN NEWPORT HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 120 UNIT AFFORDABLE SENIOR CITIZEN COMPLEX IN NEWPORT BEACH CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  10. CO-MANGING GENERAL PARTNER IN SOLANO VISTA II HOUSING INVESTORS LP WHICH OWNS AND OPERATES A 194 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN VALLEJO CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  11. CO-MANAGING GENERAL PARTNER IN MONTEBELLO SENIOR HOUSING LP WHICH OWNS AND OPERATES A 189 UNIT SECTION 8 HUD SENIOR CITIZEN COMPLEX IN MONTEBELLO CALIFORNIA.
  12. CO-MANAGING GENERAL PARTNER IN CERRITOS FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 70 UNIT AFFORDABLE FAMILY HOUSING COMPLEX IN ANAHEIM CALIFORNIA.
  13. CO-MANAGING GENERAL PARTNER IN ANAHEIM FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 49 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN ANAHEIM CALIFONRIA. IT IS A TAX CREDIT DEVELOPMENT.
  14. CO-MANAGING GENERAL PARTNER IN EL PASEO HOUSING INVESTORS LP WHICH OWNS AND OPERATES A 144 UNT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN PABLO CALIFORNIA.
  15. CO-MANAGING GENERAL PARTNER IN SYEP ASSOCIATES LP WHICH OWNS AND OPERATES A 45 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN YSIDRO CALIFORNIA.
  16. CO-MANAGING GENERAL PARTNER IN MELROSE PSH LP WHICH OWNS AND OPERTES A 39 UNIT HOMELESS-SUPPORTIVE HOUSING APARTMENT COMPLEX IN LOS ANGELES CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  17. CO-MANAGING PARTNER IN AMCAL 1440 SANTA ANA FUND LP WHICH OWNS AND OPERATES A 69 UNIT FAMILY APARTMENT COMPLEX IN SNTA ANA CALIFORNIA. IT IS A TAX-EXEMPT BOND TAX CREDIT DEVELOPMENT.
  18. CO-MANAGING GENERAL PARTNER IN GATEWAY I HOUSING INVESTORS LP WHICH OWNS AND OPERTES A 42 UNIT AFFORDABLE FAMILY HOUSING COMPLEX IN SAN DIEGO CALIFORNIA.
  19. CO-MANAGING GENERAL PARTNER IN LINDSAY FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES AN 81 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN LINDSAY CALIFORNIA.
  20. CO-MANAGING GENERAL PARTNER IN SAN JOSE FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES AN 86 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN JOSE CALIFORNIA.
  21. CO-MANAGING GENERAL PARTNER IN HEMET VISTAS 1 AND 2R PARTNERS LP WHICH OWNS AND OPERATES A 144 UNIT AFFORDABLE FAMILY COMPLEX IN HEMET CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  22. CO-MANAGING GENERAL PARTNER IN LA ENTRADA HOUSING INVESTORS LP WHICH OWNS AND OPERATES AN 85 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN SAN DIEGO CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  23. CO-MANAGING GENERAL PARTNER IN AMCAL LAS BRISAS FUND LP WHICH OWNS AND OPERATES A 66 UNIT AFFORDABLE FAMILY COMPLEX IN LOS ANGELES CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  24. CO-MANAGING GENERAL PARTNER IN LAS VENTANAS FUND LP WHICH OWNS AND OPERATES A 102 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN LONG BEACH CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  25. CO-MANAGING GENERAL PARTNER IN LINDSAY II FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 40 UNIT AFFORDABLE FAMILY HOUSING APARTMENT COMPLEX IN LINDSAY CALIFORNIA.
  26. CO-MANAGING GENERAL PARTNER IN LOS ARBOLES FAMILY APARTMENTS LP WHICH OWNS AND OPERATES AN 81 UNIT FAMILY AFFORDABLE HOUSING APARTMENT COMPLEX IN ORANGE GROVE LOCATED IN FRESNO COUNTY CALIFORNIA.
  27. CO-MANAGING GENERAL PARTNER IN AMCAL LOS VIENTOS FUND LP WHICH OWNS AND OPERATES AN 89 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN DIEGO CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  28. CO-MANAGING GENERAL PARTNER IN LUNA FAMILY HOUSING LP SHICH OWNS AND OPERATES A 77 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN CARMEL VALLEY/SAN DIEGO CALIFORNIA.
  29. CO-MANAGING GENERAL PARTNER IN AMCAL MACARTHUR FUND LP FUND LP WHICH OWNS AND OPERTES A 32 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN OAKLAND CALIFORNIA. IT IS A TAX CREDIT DEVLOPMENT.
  30. CO-MANAGING GENERAL PARTNER IN BRAWLEY HOUSING INVESTORS LP WHICH OWNS AND OPERATES A 69 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN BRAWLEY CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  31. CO-MANAGING GENERAL PARTNER IN AMCAL MERCADO FUND LP WHICH OWNS AND OPERATES A 60 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN PERRIS CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  32. CO-MANAGING GENERAL PARTNER IN SAN DIEGO COMMONS LP WHICH OWNS AND OPERATES A 78 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN DIEGO.
  33. CO-MANAGING GENERAL PARTNER IN AMCAL MIRANDELA FUND LP 34 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN RANCHO PALOS VERDES CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  34. CO-MANAGING PARTNER IN TEMECULA GARDENS II LP WHICH OWNS AND OPERATES A 76 UNIT FAMILY AFFORDABLE APARTMENT COMPLEX IN TEMECULA CALIFORNIA. IT IS A TAX-EXEMPT BOND AND TAX CREDIT DEVELOPMENT.
  35. CO-MANAGING GENERAL PARTNER IN AMCAL MISSION FUND LP WHICH OWNS AND OPERATES AN 85 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN DIEGO CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  36. CO-MANAGING GENERAL PARTNER IN AMCAL MONTECITO FUND LP WHICH OWNS AND OPERATES A 98 UNIT SENIOR AFFORDABLE HOUSING COMPLEX IN LOS ANGELES CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  37. CO-MANAGING GENERAL PARTNER IN MONTEVISTA SAN PABLO AR LP WHICH OWNS AND OPERATES AN 82 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN SAN PABLO CALIFORNIA.
  38. CO-MANAGING GENERAL PARTNER IN OCEANA FUND LP WHICH OWNS AND OPERATES A 91 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN HUNTINGTON BEACH CALIFORNIA.
  39. CO-MANAGING GENERAL PARTNER IN ORCHARD VIEW APARTMENTS LP WHICH OWNS AND OPERATES AN 81 UNIT FAMILY AFFORDABLE HOUSING APARTMENT COMPLEX IN HOLTVILLE CALIFORNIA IN IMPERIAL COUNTY.
  40. CO-MANAGING GENERAL PARTNER IN SEVENTH AT C ASSOCIATES LP WHICH OWNS AND OPERATES A 22 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN OXNARD CALIFORNIA.
  41. CO-MANAGING GENERAL PARTNER IN AMCAL PUJOL FUND LP WHICH OWNS AND OPERATES A 44 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN TEMECULA CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  42. CO-MANAGING GENERAL PARTNER IN AMCAL SANTA FE FUND LP WHICH OWNS AND OPERATES A 60 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN BAKERSFIELD CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  43. CO-MANAGING GENEARL PARTNER IN SOLANO VISTA I SENIOR APARTMENTS WHICH OWNS AND OPERATES A 96 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN VALLEJO CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  44. GENERAL PARTNER OF BRANDON AFFORDABLE HOUSING WHICH IS THE CO-GENERAL PARTNER IN AMCAL SOMAS RANCH FUND LP WHICH OWNS AND OPERATES A 200 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SOMIS CALIFORNIA.
  45. CO-MANAGING GENERAL PARTNER IN SOMMERSET PLACE LP WHICH AND OPERATES A 96 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SACRAMENTO CALIFORNIA.
  46. CO-MANAGING GENERAL PARTNER IN SONTERRA HOUSING INVESTORS LP WHICH OWNS AND OPERATES A 54 UNIT FAMILY AFFORDABLE COMPLEX IN BRAWLEY CALIFORNIA IN IMPERIAL COUNTY.
  47. CO-MANAGING GENERAL PARTNER IN KATELLA HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 38 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN ANAHEIM CALIFORNIA.
  48. CO-MANAGING GENERAL PARTNER IN KATELLA II FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 26 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN ANAHEIM CALIFORNIA.
  49. CO-MANAGING GENERAL PARTNER IN FRESNO FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 72 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SACRAMENTO CALIFORNIA.
  50. CO-MANAGING GENERAL PARTNER IN ALMADEN SENIOR HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 66 UNIT SENIOR AFFORDABLE APARTMENT COMPLEX IN SAN JOSE CALIFORNIA.
  51. CO-MANAGING GENERAL PARTNER IN AMCAL SUNRISE FUND LP WHICH OWNS AND OPERATES A 46 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN SOUTH LOS ANGELES CALIFORNIA. IT IS A TAX CREDIT DEVELOPMENT.
  52. CO-MANAGING GENERAL PARTNER IN SUTTER GOUGH LP WHICH OWNS AND OPERATES A 680 UNIT PROJECT BASED SECTION 8 HUD SENIOR CITIZEN APARTMENT COMPLEX IN SAN FRANCISCO CALIFORNIA.
  53. CO-MANAGING GENERAL PARTNER IN TULARE II FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES A 72 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN TULARE CALIFORNIA.
  54. CO-MANAGING GENERAL PARTNER IN TULARE FAMILY HOUSING PARTNERS LP WHICH OWNS AND OPERATES AN 81 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN TULARE CALIFORNIA.
  55. CO-MANAGING GENERAL PARTNER IN VERANO FUND LP WHICH OWNS AND OPERATES A 40 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN PERRIS CALIFORNIA.
  56. CO-MANAGING GENERAL PARTNER IN AMCAL VILLA ENCANTADA FUND LP WHICH OWNS AND OPERATES A 67 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN DIEGO CALIFORNIA.
  57. CO-MANAGING GENERAL PARTNER IN AMCAL VILLA ESPERANZA FUND LP. WHICH OWNS AND OPERATES AN 81 UNIT AFFORDABLE HOUSING APARTMENT COMPLEX IN AVENAL CALIFORNIA.
  58. CO-MANAGING GENERAL PARTNER IN DELANO VILLAS SANTA FE APARTMENTS LP WHICH OWNS AND OPERATES AN 81 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN DELANO CALIFORNIA.
  59. CO-MANAGING GENERAL PARTNER IN CARLSBAD VETERAN HOUSING LP WHICH OWNS AND OPERATES A 50 UNIT HOMELESS-SUPPORTIVE HOUSING APARTMENT COMPLEX IN CARLSBAD CALIFORNIA.
  60. MANAGING GENERAL PARTNER IN BRANDON AFFORDABLE HOUSING LLC WHICH OWNS AN INTEREST IN LAS TERRAZAS FUND LP WHICH OWNS AND OPERATES A 72 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN COLTON CALIFORNIA.
  61. MANAGING GENERAL PARTNER IN BRANDON AFFORDABLE HOUSING LLC WHICH OWNS AND OPERATES AN INTEREST IN AMCAL LINDEN FUND LP WHICH OWNS AND OPERATES A 100 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN LONG BEACH CALIFORNIA.
  62. MANAGING GENERAL PARTNER IN BRANDON AFFORDABLE HOUSING LLC WHICH OWNS AN INTEREST IN AMCAL TERRA CAMPAGNA LP WHICH OWNS AND OPERATES A 200 UNIT FAMILY AFFORDABLE HOUSING COMPLEX IN SOMIS CALIFORNIA.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1992.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.