480 Valencia Inc

Nonprofit profile at a glance

EIN
943147614
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
San Francisco, CA, USA
Phone
4158646432
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$39,856
Expenses
$647,735
Assets
$97,768
Liabilities
$4,618,524

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JON LAYMAN (PRESIDENT)
  • MUSETTA SO (VICE PRESIDENT)

People named in this filing

  • SAM MOSS (DIRECTOR)
  • JON LAYMAN (PRESIDENT)
  • MUSETTA SO (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To benefit and support mission housing development corporation, a californianonprofit public benefit corporation, and its purposes in accordance with section509(a)(3) of the internal revenue code by (1) providing affordable housing forlow-income persons, where inadequate housing exists for such groups; and (2)providing decent, safe and sanitary housing for low-income persons, or forlow-income persons who are homeless or in imminent danger of homelessness, or whoare displaced from urban renewal areas, or as a result of governmental action, ora major disaster where inadequate housing exists for such groups

What it reported doing in 2024

The corporation serves as a general partner for two partnershipswhich provide a total of 159 units of housing for low-incomefamilies in san francisco, California.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 11
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,525.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 47.24; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 13% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 10.2% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $648K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.