EIN 33-0497515

Las Palmas Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1991
Most recent tax filings
2022-12-01
Description
Las nbsp;palmas nbsp;foundation nbsp;california nbsp;non-profit nbsp;corporation nbsp;is nbsp;dedicated nbsp;to nbsp;acquire nbsp;develop nbsp;rehabilitate nbsp;and nbsp;support nbsp;affordable nbsp;housing nbsp;the nbsp;organization nbsp;was nbsp;cre...
Total revenues
$1,967,411
2022
Total expenses
$1,210,804
2022
Total assets
$6,856,312
2022
Num. employees
7
2022

Program areas at Las Palmas Foundation

Co-managing general partner in alegre fund which owns and operates a 104 unit affordable family complex in irvine, California.
Co-managing general partner in cambria psh which owns and operates a 57 unit affordable family apartment complex in los angeles California.
Co-managing general partner in almaden family housing partners which owns and operates a 220 unit affordable family apartment project in san jose, California. It is a bond and tax credit development.
Co-managing general partner in s. broadway sh lp which owns and operates a 56 unit family affordable housing apartment complex in los angeles, California.
Co-managing general partner in macarthur psh, lp which owns and operates a 44 unit homeless-supportive housing apartment complex in oakland, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in vallejo family housing partners, lp which owns and operates a 87 unit affordable family apartment project in vallejo, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in windsor at metropolitian lp which owns and operates a 57 unit affordable family apartment complex in emeryville, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in newport housing partners, lp which owns and operates a 120 unit affordable senior citizen complex in newport beach, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in solano vista ii housing partners, lp which owns and operates a 194 senior apartment complex in vallejo, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in montebello senior housing, lp which owns and operates a 189 unit based section 8 hud senior citizen complex in montebello, California.
Co-managing general partner in cerritos family housing partners, lp which owns and operates a 70 affordable family apartment complex in anaheim, California.
Co-managing general partner in anaheim family housing partners, lp which owns and operates a 49 unit affordable family apartment complex in anaheim, California. It is a tax credit development.
Co-managing general partner in el paseo housing investors, lp which owns and operates a 144 unit affordable family complex in san pablo, California.
Co-managing general partner in syep associates, lp which owns and operates a 45 unit affordable family apartment in san ysidro, California.
Co-managing general partner in yreka senior housing partners, lp which owned and operated an 81 unit affordable senior apartment complex in yreka, California. This project was sold on december 9, 2022.
Co-mangaging general partner in melrose psh, lp which owns and operates a 39 unit homeless-supportive housing apartment complex in los angeles, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in amcal 1440 santa ana fund, lp which owns and operates a 69 unit affordaable family apartment complex in santa ana, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in gateway i housing investors, lp which owns and operates a 42 unit affordable family apartment complex in san diego, California.
Co-managing general partner in lindsay family housing partners, lp which owns and operates an 81 unit affordable family housing apartment complex in lindsay, California.
Co-managing general partner in hemet vistas 12r partners, lp which owns and operates an 144 unit affordable family apartment complex in hemet, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in la entrada housing investors, lp which owns and operates an 85 unit affordable senior apartment complex in san diego, California. It is a tax credit development.
Co-managing general partner of amcal Las brisas fund, lp which owns and operates a 66 unit affordable family apartment complex in los angeles, California. It is a tax credit development.
Co-managing general partner in amcal Las ventanas fund, lp which owns and operates an 102 unit affordable family apartment complex in long beach, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in lindsay ii family housing partners, lp which owns and operates a 40 unit affordable family apartment complex in lindsey, California. It is a tax credit development.
Co-managing general partner in los arboles family apartments, lp which owns an 81 unit family affordable housing apartment complex in orange grove, California (fresno county).
Co-managing general partner in amcal los venitos fund, lp which owns and operates an 89 unit affordable family apartment complex in san diego, California. It is a tax credit development.
Co-managing general partner in luna family housing, lp which owns and operates a 77 unit affordable family apartment complex in carmel valley/san diego, California.
Co-mangaing general partner in amcal macarthur fund, lp which owns a 32 unit affordable family apartment complex in oakland, California. It is a tax credit development.
Co-managing general partner of brawley housing investors, lp which ows and operates a 69 unit affordable family apartment complex in brawley, California. It is a tax credit development.
Co-managing general partner in amcal mercado fund, lp which owns and operates a 60 unit affordable family apartment complex in perris, California. It is a tax credit development.
Co-managing general partner in san diego commons, lp which owns a 78 unit affordable family apartment complex in san diego, California.
Co-managing general partner in amcal mirandela fund, lp which owns a 34 unit affordable senior apartment complex in rancho palos verdes. It is a tax credit development.
Co-managing general partner in temecula gardens ii, lp which owns a 76 unit family affordable housing apartment complex in temecula, California. It is a tax-exempt bond and tax credit development.
Co-managing general partner in amcal mission fund lp which owns an 85 unit affordable family apartment complex in san diego, caliofnia. It is a tax credit development.
Co-managing general partner in amcal montecito fund, lp which owns a 98 unit senior apartment complex in los angeles, California. It is a tax credit develoipment.
Co-managing general partner in montevisa san pablo ar, lp which owns and operates an 82 unit afordable senior apartment complex in san pablo, California.
Co-managing general partner in weed family housing partners, lp which owned and operated a 61 unit affordable family apartment complex in weed, California. It is a tax credit development and was sold on december 9, 2022.
Co-managing general partner in oceana fund, lp which owns a 91 unit affordable family complex in huntington beach, California.
Co-managing general partner in orchard view apartments, lp which owns an 81 unit family affordable housing apartment complex in holtville, California (imperial county).
Co-general managing partner in seventh at c associates, lp which owns a 22 unit affordable family apartment complex in oxnard, California.
Co-genreal managing partner in amcal pujol fund, lp which owns a 44 unit affordable family apartment compelc in temecula, California. It is a tax credit development.
Co-managing general partner in cutler family housing partners, lp which owned and operated a 66 unit affordable family apartment complex in cutler, California. This prject was sold on december 9, 2022.
Co-managing general partner in amcal santa fe fund, lp which owns a 60 unit affordable family apartment complex in bakersfield, califoria. It is a tax credit development.
Co-managing general partner in yreka family housing partners, lp which owned and operated a 67 unit affordable family apartment complex in yreka, California. It was a tax credit development and was sold on december 9, 2022
Co-managing general partner in corcoran family housing partners, lp which owned a 69 unit affordable family housing apartment complex in corcoran, California. It was sold on december 9, 2022.
Co-managing general partner in solano vallejo ar, lp which owns and operates a 96 unit affordable senior apartment complex in vallejo, California. It is a tax credit development.
Co-managing general partner in amcal somas ranch fund, lp which owns and operates a 200 unit affordable family apartment complec in somis, California.
Co-managing general partner in sommerset place, lp which owns and operates a 96 unit affordable family apartment complex in sacramento, California.
Co-managing general partner in sonterra housing investors, lp which owns a 54 unit family affordable housing apartment complex in brawley, California (imperial county).
Co-managing general partner in katella family housing partners, lp which owns a 38 unit affordable family apartment complex in anaheim, California.
Co-managing general partner in katella ii family housing partners, lp which owns and operates a 26 unit affordable family apartment complex in anaheim, California.
Co-managing general partner in fresno family housing partners, lp which owns and operates a 72 unit affordable family apartment complex in sacramento, California.
Co-managing general partner in almaden senior housing partners, lp which owns and operates a 66 unit senior apartment complex in san jose, California.
Co-managing general partner in arvin family housing partners, lp which owned and operated a 61 unit affordable family apartment complex in arvin, California. It is tax credit development which was sold on december 9, 2022.
Co-managing general partner in arvin ii family housing partners, lp which owned a 61 unit affordable family apartment complex in arvin, California. It is a tax credit devlopment that was sold on december 9, 2022.
Co-managing geneal partner in amcal sunrise fund, lp which owns a 46 unit affordable senior apartment complex in south los angeles, California. It is a tax credit development.
Co-managing general partner in sutter gough, lp which owns a 68 unit project based section 8 hud senior citizen apartment complex in san francisco, California.
Co-managing general partner in san jose family housing partners, lp which owns an 86 unit affordable family apartment complex in san jose, California.
Co-managing general partner of tulare family housing partners, lp which owns and operates an 81 unit affordable family apartment complex in tulare, California.
Co-managing general partner of tulare ii family housing partners, lp which owns and operates a 72 unit affordable family apartment complex in tulare, California.
Co-managing general partner in verano fund, lp which owns and operates a 40 affordable family apartment complex in perris, California.
Co-managing general partner in victoria manor senior apartments, lp which owns and operates an 80 unit affordable senior apartment complex in calexico, California.
Co-managing general partner in amcal villa encantada fund, lp which owns and operates a 67 unit affordable family apartment complex in san diego, California.
Co-managing geneal partner in amcal villa esperanza fund, i, lp which owns and operates an 81 unit affordable family housing apartment complex in avenal, califonia.
Co-managing general partner in delano villas santa fe apartments, lp which owns and opertes an 81 unit family affordable housing apartment complex in delano, California..
Co-managing general partner in carlsbad veteran housing, lp which owns and opertes a 50 unit homeless-supportive housing apartment complex in carlsbad, California.
Former co-managing partner in baywood affordable, lp which owned a 77 unit prject based section 8 hud senior citizen apartment complex in oakland, caliofnia. This project was sold in august 2021.
Co-managing general partner in plymouth west partners, lp which owned and operating a 196 unit project based section 8 hud senior citizen apartment complex in long beach, California. This property was sold april 2022.
Co-managing general partner in hemet vistas i ii, lp which owns a 144 unit affordable family apartment complex in hemet, California. It is a tax-exempt bond and tax credit development.
Managing general partner in brandon affordable housing, llc which owns an interest in Las terrazas fund, lp which owns and opertes a 72 unit affordable family apartment complex in colton, California.

Personnel at Las Palmas Foundation

NameTitleCompensation
Joseph M MichaelsPresident$434,820
Sherry AverySecretary$0
Ryan MonteVice President / Asset Manager$114,734
Leslie MichaelsVice President of Marketing and Operations$125,357

Financials for Las Palmas Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,926,832
Investment income and dividends$40,579
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,967,411

Form 990s for Las Palmas Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-02-06990View PDF
...and 9 more Form 990s
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 26, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2020
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
May 1, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donations
General information
Address
531 Encinitas Blvd Ste 206
Encinitas, CA 92024
Metro area
San Diego-Chula Vista-Carlsbad, CA
County
San Diego County, CA
Website URL
laspalmashousing.com/ 
Phone
(760) 944-9050
IRS details
EIN
33-0497515
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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