Nonprofit · EIN 77-0197933
DEROSE HDC INC
Tax-exempt · SAN JOSE, CA 95110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,682,770 | $1,370,842 | $311,928 | $6,056,050 | $6,953,964 | -$897,914 |
| December 31, 2023 | 990 | $1,663,914 | $1,385,378 | $278,536 | $5,831,936 | $7,041,778 | -$1,209,842 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,686,856
- Investment income
- -$4,086
- Net gain from sales of assets
- -$4,946
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $386,034
- Program services (functional)
- $951,569
- Management and general (functional)
- $419,273
Balance sheet and other
- Total assets, start of year
- $5,831,936
- Total assets, end of year
- $6,056,050
- Total liabilities, end of year
- $6,953,964
- Net assets, end of year
- -$897,914
- Land, buildings and equipment
- $2,371,785
- Net assets without donor restrictions
- -$897,914
- Gross receipts
- $1,687,716
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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 | Other / benefits |
|---|---|---|---|---|---|
| PRESTON PRINCE | PRESIDENT Trustee or director, Officer | 1 | $0 | $438,106 | $69,198 |
| FLAHERTY WARD | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $288,251 | $39,072 |
| RUSSELL BRUNSON | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 | $291,123 | $17,712 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALELI SANGALANG | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $465,270 | $27,877 |
| PRESTON PRINCE | PRESIDENT Trustee or director, Officer | 1 | $0 | $415,956 | $66,209 |
| FLAHERTY WARD | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $262,017 | $37,901 |
| RUSSELL BRUNSON | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 | $280,329 | $16,541 |
Address and contacts
- Address (IRS master file)
- 505 W JULIAN ST, SAN JOSE, CA 95110-2338
- Principal officer (990 for 2024)
- PRESTON PRINCE, 505 W JULIAN STREET, SAN JOSE, CA 95110
- Signed the 990
- PRESTON PRINCE, PRESIDENT
- Phone
- (408) 275-8770
- Return prepared by
- LINDQUIST VON HUSEN & JOYCE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0197933 or by the name DEROSE HDC INC.
- 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
TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.
Program accomplishments
- THE ORGANIZATION SERVES AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING AND PROVIDE RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS.THE ORGANIZATION IS ALSO THE SOLE MEMBER OF HERMOCILLA LLC. AN ENTITY WITH THE PURPOSE TO ACQUIRE, REHABILITATE, AND OPERATE A 100-UNIT AFFORDABLE SENIOR HOUSING COMPLEX IN SAN JOSE, CALIFORNIA, WHICH IS CURRENTLY OPERATING UNDER THE NAME VILLA HERMOSA APARTMENTS.Expenses $951,569 · revenue $1,686,856
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
- 77-0197933
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $6,056,050
- Income (IRS master file)
- $1,687,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,682,770 | $1,370,842 | $6,056,050 | IRS |
| 990 | December 2023 | $1,663,914 | $1,385,378 | $5,831,936 | XML |
| 990 | December 2022 | $1,587,834 | $1,368,916 | $5,718,595 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 77-0197933).
Questions about DEROSE HDC INC
- What is the EIN of DEROSE HDC INC?
- The employer identification number (EIN) of DEROSE HDC INC is 77-0197933.
- Is DEROSE HDC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to DEROSE HDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DEROSE HDC INC 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 DEROSE HDC INC 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 DEROSE HDC INC 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 DEROSE HDC INC?
- The 990 for the year ended December 31, 2024 names PRESTON PRINCE.
- Who are the officers and directors of DEROSE HDC INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does DEROSE HDC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,682,770, expenses of $1,370,842 and total assets of $6,056,050 at year end.
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