Nonprofit · EIN 33-0895564
LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION
Tax-exempt · ENCINITAS, CA 92024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $864,650 | $265,664 | $598,986 | $4,028,509 | $0 | $4,028,509 |
| December 31, 2023 | 990 | $1,021,239 | $446,416 | $574,823 | $3,528,720 | $0 | $3,528,720 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $56,063
- of which government grants
- $56,063
- Program service revenue
- $723,383
- Investment income
- $204,718
- Net rental income
- -$119,514
- Other revenue
- -$119,514
Expenses
- Grants and similar amounts paid
- $51,088
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Occupancy
- $2,822
- Travel
- $252
- Depreciation
- $26
- Program services (functional)
- $228,403
- Management and general (functional)
- $37,261
Balance sheet and other
- Total assets, start of year
- $3,528,720
- Total assets, end of year
- $4,028,509
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,028,509
- Land, buildings and equipment
- $207
- Net assets without donor restrictions
- $4,127,692
- Net assets with donor restrictions
- -$99,183
- Gross receipts
- $984,164
- Employees
- 0
- Year formed
- 2000
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOSEPH MICHAELS | PRESIDENT Trustee or director, Officer | 10 | $0 | $526,418 |
| VICTOR BARONE | DIRECTOR Trustee or director | 2 | $1,100 | $4,300 |
| RANDY STEVENSON | DIRECTOR | 2 | $0 | $0 |
| SHERRY AVERY | DIRECTOR | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| VICTOR J BARONE | DIRECTOR Trustee or director | 2 | $1,700 | $4,000 |
| JOSEPH M MICHAELS | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| RANDY STEVENSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHERRY AVERY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 531 ENCINITAS BLVD STE 206, ENCINITAS, CA 92024-3773
- In care of
- % JOSEPH MICHAELS
- Principal officer (990 for 2024)
- JOSEPH M MICHAELS, 531 ENCINITAS BLVD, SUITE 206, ENCINITAS, CA 92024
- Signed the 990
- JOSEPH MICHAELS, PRESIDENT
- Phone
- (760) 944-9050
- Return prepared by
- VICTOR J BARONE CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0895564 or by the name LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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
Program accomplishments
- 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.Expenses $6,593 · revenue $19,692
- CO MANAGING GENERAL PARTNER IN WASHINGTON VIEW LP WHICH OWNS AND OPERTES A 122 UNIT AFFORDABLE HOUSING COMPLEX IN LOS ANGELES CA.Expenses $6,593
- 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.Expenses $6,593 · revenue $37,878
- Expenses $6,593 · revenue $26,899
- Expenses $6,593
- Expenses $6,593 · revenue $13,911
- Expenses $6,593 · revenue $37,740
- Expenses $6,593 · revenue $17,013
- Expenses $6,593
- Expenses $6,593 · revenue $26,700
- Expenses $6,593 · revenue $185,989
- Expenses $6,593 · revenue $50,000
- Expenses $6,593
- Expenses $6,844 · revenue $41,879
- Expenses $6,593 · revenue $50,000
- Expenses $6,593
- Expenses $6,593
- Expenses $6,593 · revenue $16,801
- Expenses $6,436 · revenue $50,683
- Expenses $6,592 · revenue $64,543
- Expenses $6,436 · revenue $40,000
- Expenses $6,436 · revenue $9,375
- Expenses $6,592 · revenue $9,375
- Expenses $6,592 · revenue $14,758
- Expenses $19,306 · revenue $9,375
- Expenses $51,088 · grants $51,088 · revenue $56,063
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0895564
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $4,028,509
- Income (IRS master file)
- $984,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $864,650 | $265,664 | $4,028,509 | IRS |
| 990 | December 2023 | $1,021,239 | $446,416 | $3,528,720 | XML |
| 990 | December 2022 | $1,501,250 | $1,097,729 | $2,953,897 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0895564).
Questions about LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION
- What is the EIN of LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION?
- The employer identification number (EIN) of LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION is 33-0895564.
- Is LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JOSEPH M MICHAELS.
- Who are the officers and directors of LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization.
- How much revenue does LAS PALMAS HOUSING AND DEVELOPEMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $864,650, expenses of $265,664 and total assets of $4,028,509 at year end.
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All nonprofits in ENCINITAS · California · Housing and shelter