AVENIDA ESPANA HDC INC

EIN: 770252447 501(c)(3)

SAN JOSE, CA

Total Revenue
$633,334
Total Expenses
$471,094
Total Assets
$9,555,215
Net Assets
$-2,786,185
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
PRESTON PRINCE
Phone
4082758770
Tax Period
2023-01-01 to 2023-12-31

AVENIDA ESPANA HDC INC, founded in 1990, is a small nonprofit that reported $633K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 26% operating margin.

Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1
Expenses: $407,677 Revenue: $300,856

THE ORGANIZATION SERVES AS GENERAL PARTNER OF FOUR CALIFORNIA LIMITED PARTNERSHIPS, MCCREERY AVENUE LP, AE ASSOCIATES LP, RINCON GARDENS ASSOCIATES LP AND JULIAN STREET PARTNERS LP, WHICH OWN &...

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THE ORGANIZATION SERVES AS GENERAL PARTNER OF FOUR CALIFORNIA LIMITED PARTNERSHIPS, MCCREERY AVENUE LP, AE ASSOCIATES LP, RINCON GARDENS ASSOCIATES LP AND JULIAN STREET PARTNERS LP, WHICH OWN & OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND MODERATE INCOME PERSONS.

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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 $327,060
Program Service Revenue $300,856
Investment Income $5,418
Other Revenue $0
TOTAL REVENUE $633,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $407,677
Other Expenses $471,094
TOTAL EXPENSES $471,094

Year-over-Year Comparison

2023 2022 Change
Revenue $633,334 $329,520 +0.9%
Expenses $471,094 $499,518 -0.1%
Net Income $162,240 $-169,998 -2.0%
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
2
Independent Members
1
Employees
N/A
Volunteers
1

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
2
$482,165
Total Directors
2
$482,165
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL EKERN PRESIDENT 0.20
Officer Director
$0 $0 $0
PRESTON PRINCE VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $66,209 $482,165
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 $633,334 $471,094 $9,555,215 $162,240
2022 $329,520 $499,518 $9,928,207 $-169,998
2021 $363,123 $482,072 $9,884,425 $-118,949
2020 $363,669 $508,927 $10,130,402 $-145,258
2019 $421,263 $479,082 $9,997,150 $-57,819
2018 $550,336 $483,770 $9,885,199 $66,566
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