DEROSE HDC INC

EIN: 770197933 501(c)(3) Housing & Shelter

SAN JOSE, CA

Total Revenue
$1,663,914
Total Expenses
$1,385,378
Total Assets
$5,831,936
Net Assets
$-1,209,842
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
PRESTON PRINCE
Phone
4082758770
Tax Period
2023-01-01 to 2023-12-31

DEROSE HDC INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $279K, a strong 17% operating margin.

Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1
Expenses: $1,029,842 Revenue: $1,663,150

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,663,150
Investment Income $764
Other Revenue $0
TOTAL REVENUE $1,663,914

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,029,842
Other Expenses $1,385,378
TOTAL EXPENSES $1,385,378

Year-over-Year Comparison

2023 2022 Change
Revenue $1,663,914 $1,587,834 +0.0%
Expenses $1,385,378 $1,368,916 +0.0%
Net Income $278,536 $218,918 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,572,100
Total Directors
4
$1,572,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRESTON PRINCE PRESIDENT 1.00
Officer Director
$0 $66,209 $482,165
RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 1.00
Officer Director
$0 $16,541 $296,870
FLAHERTY WARD VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $37,901 $299,918
ALELI SANGALANG VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $27,877 $493,147
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,663,914 $1,385,378 $5,831,936 $278,536
2022 $1,587,834 $1,368,916 $5,718,595 $218,918
2021 $1,505,911 $1,338,105 $5,546,444 $167,806
2020 $1,556,489 $1,150,780 $5,396,357 $405,709
2019 $1,346,508 $1,270,051 $5,176,326 $76,457
2018 $1,258,729 $1,253,490 $5,076,003 $5,239
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