Texas Corporation For The Preservation Of Afordable Housing in San Francisco, California (CA)

Texas Corporation For The Preservation Of Afordable Housing
Employer Identification Number (EIN)	311725536
Name of Organization	Texas Corporation For The Preservation Of Afordable Housing
Address	275 Battery St Ste 500, San Francisco, CA 94111-3377
Subsection	Charitable Organization
Ruling Date	01/2001
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Tax Period	06/2010
Assets	$0
Income	$0
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$-11,206,237
Amount of Income	$10,593,172
Form 990 Revenue Amount	$10,593,172
National Taxonomy of Exempt Entities (NTEE)	Housing, Shelter: Housing Development, Construction, Management

Non-representatives - add comments:

Amount of income in 2010: $10,593,172

Texas Corporation For The Preservation Of Afordable Housing:	$10,593,172
Other organizations performing similar types of work:	$141,278

Assets in 2010: $-11,206,237

This organization:	$-11,206,237
Other organizations performing similar types of work:	$740,093

Expenses in 2006: $14,815,443

This organization:	$14,815,443
Other organizations performing similar types of work:	$124,074

Income to expenses ratio in 2006: 0.7

Texas Corporation For The Preservation Of Afordable Housing:	0.7
Other organizations performing similar types of work:	0.7

Expenses allocated to program services in 2006: 100.0%

Texas Corporation For The Preservation Of Afordable Housing:	100.0%
Other organizations performing similar types of work:	91.8%

Grants share in income in 2006: 0.0%

Texas Corporation For The Preservation Of Afordable Housing:	0.0%
Other organizations performing similar types of work:	3.7%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

	2001	2002	2003	2004	2005	2006
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$9,221,253	$12,182,742	$11,755,764	$10,939,791	$11,423,766	$10,593,172
Contributions, gifts, grants, and similar amounts received	$0	$90,056	$0	$0	$0	$0
Contributions to donor advised funds						$0
Direct public support	$0	$0	$0	$0	$0	$0
Indirect public support	$0	$90,056	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$8,622,600	$11,661,797	$11,383,296	$10,601,705	$11,098,828	$10,425,721
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$598,653	$430,889	$372,468	$338,086	$324,938	$167,451
Dividends and interest from securities	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0
Total expenses	$8,563,195	$13,157,331	$13,463,829	$13,311,501	$13,932,044	$14,815,443
Program services	$8,563,195	$13,157,331	$13,463,829	$13,311,501	$13,932,044	$14,815,443
Management and general	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$658,058	$-316,531	$-2,024,596	$-4,396,306	$-6,904,584	$-11,206,237
Excess or (deficit) for the year	$658,058	$-974,589	$-1,708,065	$-2,371,710	$-2,508,278	$-4,222,271
Net assets or fund balances at beginning of year	$0	$658,058	$-316,531	$-2,024,596	$-4,396,306	$-6,904,584
Other changes in net assets or fund balances	$0	$0	$0	$0	$0	$-79,382

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2006)
Total functional expenses	$14,815,443	$14,815,443	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$178,575	$178,575	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$1,885,326	$1,885,326	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$127,743	$127,743	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$332,824	$332,824	$0	$0
Supplies	$2,829	$2,829	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$1,346,960	$1,346,960	$0	$0
Equipment rental and maintenance	$1,612,894	$1,612,894	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$4,695,278	$4,695,278	$0	$0
Depreciation, depletion, etc.	$2,286,536	$2,286,536	$0	$0
Other expenses not covered above	$2,346,478	$2,346,478	$0	$0

	2001	2002	2003	2004	2005	2006
Balance Sheets
Total assets	$85,141,357	$83,129,469	$80,728,039	$78,475,858	$76,460,972	$75,620,526
Cash - non-interest-bearing	$0	$0	$0	$0	$0	$0
Savings and temporary cash investments	$322,187	$81,756	$185,343	$262,057	$577,619	$655,005
Accounts receivable less allowance for doubtful accounts	$142,758	$161,947	$134,036	$134,417	$179,424	$238,339
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)						$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$89,750	$142,313	$135,725	$97,339	$3,953	$128,168
Investments - publicly-traded securities						$0
Investments - other securities	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$71,687,818	$71,248,143	$70,137,133	$68,802,403	$67,182,339	$67,114,502
Other assets, including program-related investments	$12,898,844	$11,495,310	$10,135,802	$9,179,642	$8,517,637	$7,484,512
Total liabilities	$84,483,299	$83,446,000	$82,752,635	$82,872,164	$83,365,556	$86,826,763
Accounts payable and accrued expenses	$1,469,498	$1,487,109	$1,596,624	$2,550,522	$3,880,324	$7,982,096
Grants payable	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$25,381	$21,667	$42,567	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$82,715,000	$81,665,000	$80,590,000	$79,575,000	$78,515,000	$77,405,000
Other liabilities	$298,801	$268,510	$544,344	$704,075	$970,232	$1,439,667
Total liabilities and net assets/fund balances	$85,141,357	$83,129,469	$80,728,039	$78,475,858	$76,460,972	$75,620,526
Total net assets or fund balances	$658,058	$-316,531	$-2,024,596	$-4,396,306	$-6,904,584	$-11,206,237

	2001	2002	2003	2004	2005	2006
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$9,221,253	$12,182,742	$11,755,764	$10,939,791	$11,423,766	$10,593,172
Total revenue, gains, and other support per audited financial statements	$9,221,253	$12,182,742	$11,755,764	$10,939,791	$11,423,766	$10,593,172
Other expenses	$0	$0	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0

	2001	2002	2003	2004	2005	2006
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$8,563,195	$13,157,331	$13,463,829	$13,311,501	$13,932,044	$14,815,443
Total expenses and losses per audited financial statements	$8,563,195	$13,157,331	$13,463,829	$13,311,501	$13,932,044	$14,815,443
Other revenue	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2006)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$167,451	$10,425,721
Program service revenue
Program service revenue 1	000000	$0	00	$0	$10,068,940
Program service revenue 2	000000	$0	00	$0	$356,781
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$167,451	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
522326837	100%	$10,593,172	$75,620,526
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	2000	2001	2002	2003	2004	2005
Support Schedule
Total	$0	$9,078,495	$12,188,934	$11,779,961	$10,932,848	$11,423,766
Gifts, grants, and contributions received	$0	$0	$90,056	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$8,479,842	$11,667,989	$11,407,493	$10,594,762	$11,098,828
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$598,653	$430,889	$372,468	$338,086	$324,938
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Vf Affordable Housing Inc	448 Depot St Ne, Christiansbrg, VA 24073-2050	VA	2000-11	$716,864
2	Vine Street Manor Housing Corp	2300 Flora, Kansas City, MO 64108	MO	2004-03	$366,819
3	Hometown Community Development Corporation	8711 Monroe Court Suite A, Rancho Cucamonga, CA 91730	CA	1999-04	$55,417,325
4	Restore Neighborhoods La Inc	315 W 9th St Ste 407, Los Angeles, CA 90015-4207	CA	2010-04	$46,170,813
5	Wilshire Retirement Center Fallbrook Inc	285 South St, San Luis Obispo, CA 93401-5037	CA	2001-01	$8,414,114
6	University Glen Corporation	45 Rincon Dr Unit 104a, Camarillo, CA 93012-8423	CA	2002-09	$5,661,500
7	Roeser Housing Development Corporation	29700 Woodford Tehachapi Rd, Keene, CA 93531	CA	2009-07	$5,195,441
8	Rural Communities Housing Development Corporation	499 Leslie St, Ukiah, CA 95482-5506	CA	2009-01	$3,311,563
9	Rufino Contreras Affordable Housing Corporation Inc	29700 Woodford Tehachapi Rd, Keene, CA 93531	CA	2002-03	$3,242,750
10	San Mateo County Colleges Educational Housing Corporation	3401 Csm Dr, San Mateo, CA 94402-3651	CA	2006-04	$1,674,447
11	Milpitas Economic Development Corporation	455 E Calaveras Blvd, Milpitas, CA 95035-5411	CA	2012-07	$1,661,464
12	Women Organizing Resources Knowledge And Services	795 N Ave 50, Los Angeles, CA 90042-3282	CA	1998-08	$1,576,832
13	Heart Of Compassion	1248 S Rosal Ave, Concord, CA 94521-3358	CA	2011-03	$1,569,598
14	St Catherine Rhf Housing Inc	911 N Studebaker Rd, Long Beach, CA 90815-4900	CA	2000-08	$1,562,891
15	Vista Del Monte Affordable Housing Inc	29700 Woodford Tehachapi Rd, Keene, CA 93531	CA	2000-12	$1,085,151
16	Tustin Affordable Housing Corporation	18100 Von Karman Ave Ste 500, Irvine, CA 92612-0196	CA	1999-09	$1,054,139
17	San Francisco Community Investment Fund	1 Dr Carlton B Goodlett Place No, San Francisco, CA 94102-4603	CA	2012-02	$1,049,796
18	Santa Clara Teacher Housing Foundation	1201 Franklin Mall, Santa Clara, CA 95050-4806	CA	2002-08	$1,021,249
19	Casa Del Sol Mobile Home Corporation	5030 Business Center Drive, Fairfield, CA 94534-6874	CA	2013-04	$946,641
20	Tri-Counties Community Housing Corporation	520 E Montecito St, Santa Barbara, CA 93103-3278	CA	2009-08	$928,900

Number of organizations performing similar types of work

Alaska	15
Alabama	79
Arkansas	52
Arizona	71
California	590
Colorado	62
Connecticut	70
District of Columbia	39
Delaware	21
Florida	278
Georgia	199
Hawaii	37
Iowa	49
Idaho	18
Illinois	189
Indiana	97
Kansas	30
Kentucky	63
Louisiana	165
Massachusetts	149
Maryland	116
Maine	37
Michigan	201
Minnesota	80
Missouri	91
Mississippi	47

Montana	28
North Carolina	133
North Dakota	11
Nebraska	34
New Hampshire	15
New Jersey	159
New Mexico	19
Nevada	27
New York	431
Ohio	189
Oklahoma	55
Oregon	47
Pennsylvania	186
Rhode Island	30
South Carolina	70
South Dakota	22
Tennessee	105
Texas	313
Utah	33
Virginia	114
Vermont	10
Washington	71
Wisconsin	64
West Virginia	23
Wyoming	10
International	36

Total

5,080

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