MONTEBELLO HOUSING DEVELOPMENT CORPORATION

EIN: 954413788 501(c)(3) Housing & Shelter

Montebello, CA

Total Revenue
$426,378
Total Expenses
$545,362
Total Assets
$7,580,239
Net Assets
$5,639,932
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Phone
3237223955
Tax Period
2024-07-01 to 2025-06-30

MONTEBELLO HOUSING DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $426K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $545K exceeded revenue, resulting in a 28% operating deficit.

Mission

EMPOWERING FAMILIES THROUGHOUT LOS ANGELES COUNTY TO REALIZE THE AMERICAN DREAM. MHDC IS ORGANIZED TO ASSIST THE GOVERNMENT OF THE CITY OF MONTEBELLO, CALIFORNIA, ITS REDEVELOPMENT AGENCY OR OTHER AGENCIES, AUTHORITITES, BOARDS OR COMMISSION TO DEVELOP, REHABILITATE HOUSING

Program Service Accomplishments

Program 1
Expenses: $305,403

HOME COUNSELING THIS PROGRAM PROVIDES HOUSING COUNSELING FOR PRE-PURCHASE AND LOSS MITIGATION. DURING THE YEAR, THE ORGANIZATION SERVED 194 FAMILIES AND PROVIDED HOUSING COUNSELING SERVICES.

Program 2
Expenses: $87,258

HOMEBUYER EDUCATION THE FIRST-TIME HOMEBUYER PROGRAM INCLUDES ONE-ON-ONE COUNSELIING TO PREPARE CLIENTS TO BE MORTGAGE READY, CREDIT AND BUDGET COUNSELING, AND 8-HOUR HUD APPROVED HOMEBUYER EDUCATION...

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HOMEBUYER EDUCATION THE FIRST-TIME HOMEBUYER PROGRAM INCLUDES ONE-ON-ONE COUNSELIING TO PREPARE CLIENTS TO BE MORTGAGE READY, CREDIT AND BUDGET COUNSELING, AND 8-HOUR HUD APPROVED HOMEBUYER EDUCATION CLASSES VIA ZOOM VIDEO RECORDING. THE 8-HOUR HOMEBUYER EDUCATION CLASS COVERS ALL ASPECTS OF THE HOME BUYING PROCESS, FROM QUALIFYING TO CLOSING. DURING THE YEAR, THE ORGANIZATION SERVED 193 PEOPLE BY PROVIDED HUD-APPROVED HOMEBUYER EDUCATION.

Program 3
Expenses: $43,629

CAL HOME THE STATE OF CALIFORNIA HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT AWARDED GRANTS TO MHDC THAT PROVIDE SILENT SECOND MORTGAGE LOANS TO VERY LOW-AND LOW-ICOME, FIRST-TIME HOMEBUYERS IN LOS...

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CAL HOME THE STATE OF CALIFORNIA HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT AWARDED GRANTS TO MHDC THAT PROVIDE SILENT SECOND MORTGAGE LOANS TO VERY LOW-AND LOW-ICOME, FIRST-TIME HOMEBUYERS IN LOS ANGELES, RIVERSIDE AND SAN BERNARDINO COUNTIES. DURING THE YEAR, THE ORGANIZATION HAD 3 BORROWERS CLOSE LOANS AND PURCHASED A HOME THROUGH THIS PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $168,447
Program Service Revenue $17,443
Investment Income $26,114
Other Revenue $214,374
TOTAL REVENUE $426,378

Expense Breakdown

Grants Paid $0
Salaries & Benefits $245,043
Fundraising Expenses $0
Program Expenses $436,290
Other Expenses $300,319
TOTAL EXPENSES $545,362

Year-over-Year Comparison

2024 2023 Change
Revenue $426,378 $611,093 -0.3%
Expenses $545,362 $655,631 -0.2%
Net Income $-118,984 $-44,538 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
6
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEJANDRA GUTIERREZ BOARD MEMBER 0.00
Director
$0 $0 $0
JAIME LEGASPI VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ROBERT MONZON PRESIDENT 0.00
Officer Director
$0 $0 $0
PATRICIA RENTERIA TREASURER 0.00
Officer Director
$0 $0 $0
JOSEPH SANDOVAL SECRETARY 0.00
Officer Director
$0 $0 $0
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
2025 $426,378 $545,362 $7,580,239 $-118,984
2024 $538,446 $605,691 $7,943,004 $-67,245
2023 $667,583 $569,786 $8,031,579 $97,797
2022 $446,158 $456,874 $8,205,949 $-10,716
2021 $469,941 $387,979 $8,284,102 $81,962
2020 $715,244 $360,403 $8,242,679 $354,841
2020 $746,031 $415,111 $8,245,551 $330,920
2019 $216,894 $302,200 $9,586,693 $-85,306
2019 $264,332 $316,657 $9,784,891 $-52,325
2018 $217,296 $355,625 $9,507,606 $-138,329
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