480 Valencia Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO BENEFIT AND SUPPORT MISSION HOUSING DEVELOPMENT CORPORATION, A CALIFORNIANONPROFIT PUBLIC BENEFIT CORPORATION, AND ITS PURPOSES IN ACCORDANCE WITH SECTION509(A)(3) OF THE INTERNAL REVENUE CODE BY (1) PROVIDING AFFORDABLE HOUSING FORLOW-INCOME PERSONS, WHERE INADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2)PROVIDING DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS, OR FORLOW-INCOME PERSONS WHO ARE HOMELESS OR IN IMMINENT DANGER OF HOMELESSNESS, OR WHOARE DISPLACED FROM URBAN RENEWAL AREAS, OR AS A RESULT OF GOVERNMENTAL ACTION, ORA MAJOR DISASTER WHERE INADEQUATE HOUSING EXISTS FOR SUCH GROUPS
- Income
- $39,856
- Spending
- $647,735
- Reserves
- -83.8 months of spending
- Largest source of income
- fees for its services, 98%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 0 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 4724% of what it owns.
Living within its means
0 of 15Spending exceeded income by 1525% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ 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 (1)
- $647,735 spent. THE CORPORATION SERVES AS A GENERAL PARTNER FOR TWO PARTNERSHIPSWHICH PROVIDE A TOTAL OF 159 UNITS OF HOUSING FOR LOW-INCOMEFAMILIES IN SAN FRANCISCO, CALIFORNIA.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.