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Las Palmas Housing and Developement Corporation

EIN 33-0895564 · Encinitas, CA

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

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceGood79 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

LAS NBSP;PALMAS NBSP;HOUSING NBSP; AMP; NBSP;DEVELOPMENT NBSP;IS NBSP;A NBSP;CALIFORNIA NBSP;NONPROFIT NBSP;CHARITABLE NBSP;CORPORATION 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;FAMILILIES NBSP;AND NBSP;INDIVIDUALS

Income
$864,650
Spending
$265,664
Spent on programs
86%
Reserves
Over 10 years of spending
Largest source of income
fees for its services, 84%
Employees
0
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

Strong: 90 out of 100. Higher than 86% of charities in its peer group (housing, $250k to $1m).

  • 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 69% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 0 cents.

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: 79 out of 100. Higher than 47% of charities in its peer group (housing, $250k to $1m).

  • 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 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 (25)
  1. $6,593 spent. CO-MANAGING GENERAL PARTNER IN ASHLEE APARTMENTS LP WHICH OWNS AND OPERATES A 112 UNIT AFFORDABLE SENIOR CITIZEN HOUSING APARTMENT COMPLEX IN SEMI VALLEY CA. THE ENTIRE COMPLEX CONSISTS OF LOW INCOME RESIDENTS.
  2. $6,593 spent. CO MANAGING GENERAL PARTNER IN WASHINGTON VIEW LP WHICH OWNS AND OPERTES A 122 UNIT AFFORDABLE HOUSING COMPLEX IN LOS ANGELES CA.
  3. $6,593 spent. CO-MANAGING GENERAL PARTNER IN HUNTINGTON BEACH SENIOR HOUSING LP WHICH OWNS AND OPERATES A 185 UNIT AFFORABLE SENIOR CITIZEN APARTMENT COMPLEX IN HUNTINGTON BEACH CA.
  4. CO-MANAGING PARTNER IN WINDHAM VILLAGE AFFORDABLE HOUSING LP WHICH OWNS AND OPERTES A 50UNIT AFFORDABLE FAMILY APARMEWNT COMPLEX IN SANTA ROSA CALIFORNIA.
  5. MANAGING PARTNER IN MONTICITO VILLAGE AFFORDABLE LP WHICH OWNS AND OPERATES A 70 UNIT AFFORDABLE HOUSING SENIOR CITIZEN APARTMENT COMPLEX IN ROMONA CALIFORNIA.
  6. CO-MANAGING PARTNER IN PROMENADE AT CREEKSIDE HOUSING PARTNERS II LP WHICH OWNS AND OPERATES A 43 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN MARCOS CALIFORNIA WHICH IS A TAX CREDIR DEVELOPMENT.
  7. CO-MANAGING PARTNER IN BETHLEHAM TOWER AFFORDABLE LP WHICH OWNS AN 159 UNIT AFFORDABLE HUD SENIOR APARTMENT COMPLEX IN SANTA ROSA CALIFORNIA.
  8. CO-MANAGING GENERAL PARTNER IN RIVERSIDE CEDAR GLEN PARTNERS II LP WHICH OWNS AND OPERATES A 49 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN RIVERSIDE CALIFORNIA.
  9. CO-MANAGING PARTNER IN BROADWAY I PRESERVATION LP WHICH OWNS AND OPERATES A 213 AFFORDABLE FAMILY APARTMENT COMPLEX IN EL CAJON CALIFORNIA.
  10. CO-MANAGING GENERAL PARTNER IN PD HOVELY IR IMITED PARTNERSHIP WHICH OWNS AND OPERATES A 163 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN PALM DESERT CALIFORNIA.
  11. CO-MANAGING GENERAL PARTNER IN HOBART AFFORDABLE LP WHICH OWNS AND OPERATES A 142 AFFORDABLE FAMILY APARTMENT COMPLEX IN LOS ANGELES CALIFORNIA.
  12. CO-MANAGING GENERAL PARTNER IN BUILDING 209 PRESERVATION WHICH OWNS AND OPERATES A 55 UNIT VETERANS HOMELESS HOUSING PROJECT IN LOS ANGELES CALIFORNIA.
  13. CO-MANAGING GENERAL PARTNER IN VINELAND FAMILY COMMUNITY LP LOCATED IN LOS ANGELES CALIFORNIA.
  14. CO-MANAGING GENERAL PARTNER IN COMMUNITY GARDEN PARTNERS LP WHICH OWNS AND OPERATES A 333 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX IN ORANGE CALIFORNIA.
  15. CO-MANAGING GENERAL PARTNER IN WILDOMAR TRES LAGOS PARTNERS LP WHICH OWNS AND OPERATES AN 89 UNIT HOMELESS-SUPPORTIVE HOUSING APARTMENT COMPLEX IN WILDOMAR CALIFORNIA.
  16. CO-MANAGING GENERAL PARTNER IN WILDOMAR TRES LAGOS PATNERS II LP WHICH OWNS AND OPERATES AN 88 UNIT HOMELESS-SUPPORTIVE HOUSING APARTMENT COMPLEX IN WILDOMAR CALIFORNIA.
  17. CO-MANAGING GENERAL PARTNER IN VINELINE SENIOR COMMUNITY LP LOCATED IN LOS ANGELES CA LIFORNIA.
  18. CO-MANAGING PARTNER IN A 78 UNIT AFFORDABLE SENIOR APARTMENT COMPLEX LOCATED IN SACRAMENTO CALIFORNIA.
  19. CO-MANAGING PARTNER IN PARNOW PRESERVATION LP WHICH OWNS AND OPERATES A 72 UNIT AFFORDABLE SENIOR CITIZEN APARTMENT COMPLEX IN SAN RAFAEL CALIFORNIA.
  20. CO-MANAGING PARTNER IN MISSION VALLEY PRESERVATION LP WHICH
  21. CO-MANAGING GENERAL PARTNER IN 6171 MISSION GORGE OWNER LP WHICH OWNS AND OPERATES A 483 UNIT AFFORDABLE FAMILY APARTMENT COMPLEX IN SAN DIEGO CALIFORNIA.
  22. CO-MANAGING GENERAL PARTNER IN MISSION LARUE LP WHICH IS LOCATED IN JURUPA VALLEY CALIFORNIA.
  23. CO-MANAGING GENERAL PARTNER IN MISSION LARUE II LP WHICH IS LOCATED IN JURUPA VALLEY CALIFORNIA.
  24. CO-MANGING GENERAL PARTNER IN PROMENADE CREEKSIDE HOUSING PARTNERS LP
  25. CO-MANAGING PARTNER IN HEACOCK COTTONWOOD II III AND IV LOCATED IN MORENO VALLEY 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 October 13, 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 December 2001.

    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 October 21, 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.