NonprofitsLas Palmas Foundation

Unclassified

Las Palmas Foundation

ENCINITAS, CA

Total revenue

$7.0M

Total expenses

$1.5M

Net assets

$25.9M

Grants received

EIN

330497515

Tax year

2024

Mission

Las palmas foundation, a california non-profit corporation is dedicated to acquire, develop, rehabilitate and support affordable housing. The organization was created to increase and improve housing for low and moderate income families and dividuals.

Programs

2 programs

Co-managing general partner in almaden family housing partners lp which owns and operates a 220 unit affordable family apartment complex in san jose california. It is a bond and tax credit development.

Expenses: $21K

Co-managing general partner in cambria psh lp which owns and operates a 57 unit afordable family apartment complex in los angeles california.

Expenses: $21K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$7.0M
Investment income$405K
Other revenue
Total revenue$7.0M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$168K
Total expenses$1.5M
Total assets$25.9M
Net assets$25.9M

People

8 listed

NameRoleCompensation

JOSEPH MICHAELS

PRESIDENT

Board

$526K

15 hrs/wk

NOAMI PINES

VICE PRESIDENT

Board

$140K

12 hrs/wk

RYAN MONTE

VICE PRESIDENT

Board

$138K

20 hrs/wk

LESLIE MICHAELS

VICE PRESIDENT

Board

$127K

30 hrs/wk

SHERY AVERY

DIRECTOR

Board

1 hrs/wk

RANDY STEVENSON

DIRECTOR

Board

1 hrs/wk

VICTOR BARONE

DIRECTOR

Board

2 hrs/wk

MARY WHITE

VICE PRESIDENT

Staff

$120K

40 hrs/wk

Details

EIN330497515
NTEE codeZ99
Subsection03
Ruling date1992-07
Formed1991
Employees7
LAS PALMAS FOUNDATION — Mission, Financials & Grants Received | Grantivo