Nonprofit · EIN 77-0378030
POCO WAY 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 | $1,073,081 | $4,413,951 | -$3,340,870 | $64,731,810 | $56,325,935 | $8,405,875 |
| December 31, 2023 | 990 | $1,236,524 | $1,494,287 | -$257,763 | $62,652,455 | $50,905,710 | $11,746,745 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,072,407
- Investment income
- $674
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $28,675
- Depreciation
- $280,629
- Program services (functional)
- $4,382,856
- Management and general (functional)
- $31,095
Balance sheet and other
- Total assets, start of year
- $62,652,455
- Total assets, end of year
- $64,731,810
- Total liabilities, end of year
- $56,325,935
- Net assets, end of year
- $8,405,875
- Land, buildings and equipment
- $40,889,849
- Net assets without donor restrictions
- $8,405,875
- Gross receipts
- $1,073,081
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- 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
Mission
TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.
Program accomplishments
- THE ORGANIZATION OPERATED A 130-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN SAN JOSE, CALIFORNIA, FOR LOW INCOME INDIVIDUALS AND FAMILIES. ON FEBRUARY 20, 2015, THE PROJECT WAS ACQUIRED BY AN AFFILIATE, MCCREERY AVENUE LP, A CALIFORNIA LIMITED PARTNERSHIP.IN SEPTEMBER 2017, THE ORGANIZATION ACQUIRED LAND IN PALO ALTO, CALIFORNIA, WHICH IS CURRENTLY OPERATING UNDER BUENA VISTA MOBILE HOME PARK (BUENA VISTA). BUENA VISTA INCLUDES MOBILE HOMES OR RECREATIONAL VEHICLES SPACES AND ONE SINGLE-FAMILY HOME. THE ORGANIZATION INTENDS TO PRESERVE BUENA VISTA AS A MOBILE HOME PARK, OR EQUIVALENT, FOR UP TO 50 YEARS. MAJOR INFRASTRUCTURE IMPROVEMENTS AND RENOVATIONS ARE EXPECTED TO BE COMPLETED FOR BUENA VISTA OVER THE COMING YEARS.Expenses $4,382,856 · revenue $1,072,407
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
- 77-0378030
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $64,731,810
- Income (IRS master file)
- $1,073,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,236,524 | $1,494,287 | $62,652,455 | IRS |
| 990 | December 2022 | $1,262,135 | $1,427,318 | $60,885,931 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about POCO WAY HDC INC
- What is the EIN of POCO WAY HDC INC?
- The employer identification number (EIN) of POCO WAY HDC INC is 77-0378030.
- Is POCO WAY HDC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to POCO WAY HDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does POCO WAY 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 POCO WAY 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 POCO WAY 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 POCO WAY HDC INC?
- The 990 for the year ended December 31, 2024 names PRESTON PRINCE.
- Who are the officers and directors of POCO WAY HDC INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does POCO WAY HDC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,073,081, expenses of $4,413,951 and total assets of $64,731,810 at year end.
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