Nonprofit · EIN 91-2152913
HABIBI TERRACE INC
Tax-exempt · LOS ANGELES, CA 90007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $795,836 | $1,217,720 | -$421,884 | $6,181,281 | $14,559,415 | -$8,378,134 |
| December 31, 2023 | 990 | $562,553 | $1,071,985 | -$509,432 | $6,578,983 | $14,536,118 | -$7,957,135 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $439,285
- of which government grants
- $439,285
- Program service revenue
- $329,641
- Investment income
- $11,966
- Other revenue
- $14,944
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $32,377
- Salaries, compensation and benefits (total)
- $51,875
- Professional fundraising fees
- $0
- Legal fees
- $1,238
- Accounting fees
- $22,150
- Occupancy
- $245,145
- Depreciation
- $489,888
- Program services (functional)
- $1,052,630
- Management and general (functional)
- $165,090
Balance sheet and other
- Total assets, start of year
- $6,578,983
- Total assets, end of year
- $6,181,281
- Total liabilities, end of year
- $14,559,415
- Net assets, end of year
- -$8,378,134
- Land, buildings and equipment
- $5,552,511
- Net assets without donor restrictions
- -$8,378,134
- Gross receipts
- $795,836
- Employees
- 2
- Volunteers
- 7
- Year formed
- 2001
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANA PONCE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KELLY BOYER | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| EDWARD JOHNSON ESQ | TREASURER Trustee or director, Officer | 0 | $0 |
| QUAFORD COLEMAN | SECRETARY Trustee or director, Officer | 0 | $0 |
| RICHARD WASHINGTON | DIRECTOR Trustee or director | 0 | $0 |
| JOHNATHAN WILLIAMS | DIRECTOR Trustee or director | 0 | $0 |
| REGINA DOBBINS | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANA PONCE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KELLY BOYER | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| EDWARD JOHNSON ESQ | TREASURER Trustee or director, Officer | 0 | $0 |
| QUAFORD COLEMAN | SECRETARY Trustee or director, Officer | 0 | $0 |
| RICHARD WASHINGTON | DIRECTOR Trustee or director | 0 | $0 |
| JOHNATHAN WILLIAMS | DIRECTOR Trustee or director | 0 | $0 |
| REGINA DOBBINS | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3460 S BROADWAY, LOS ANGELES, CA 90007-4409
- In care of
- % HDSI MANAGEMENT INC
- Principal officer (990 for 2024)
- ANA PONCE, 3460 S BROADWAY, LOS ANGELES, CA 90007
- Signed the 990
- AUTHORIZED AGENT, PRESIDENT
- Phone
- (323) 231-1104
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 91-2152913 or by the name HABIBI TERRACE INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE HANDICAPPED AND ELDERLY PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
Program accomplishments
- HABIBI TERRACE, INC. (A CALIFORNIA NOT-FOR-PROFIT CORPORATION) WAS FORMED ON AUGUST 17, 2001, TO CONSTRUCT, OWN AND OPERATE A 75 UNIT RENTAL HOUSING PROJECT FOR ELDERLY IN RIVERSIDE COUNTY, CALIFORNIA, KNOWN AS SAHARA SENIOR VILLA (THE PROPERTY), PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WHICH GOVERNS THE OPERATION OF THE PROPERTY WITH RESPECT TO RENTAL CHARGES, OPERATING METHODS, AND FINANCIAL REPORTING.Expenses $1,052,630 · revenue $329,641
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-2152913
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75)
- Assets (IRS master file)
- $6,181,281
- Income (IRS master file)
- $795,836
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $795,836 | $1,217,720 | $6,181,281 | XML |
| 990 | December 2023 | $562,553 | $1,071,985 | $6,578,983 | XML |
| 990 | December 2022 | $545,759 | $1,072,600 | $7,039,617 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-2152913).
Questions about HABIBI TERRACE INC
- What is the EIN of HABIBI TERRACE INC?
- The employer identification number (EIN) of HABIBI TERRACE INC is 91-2152913.
- Is HABIBI TERRACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to HABIBI TERRACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HABIBI TERRACE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HABIBI TERRACE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HABIBI TERRACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HABIBI TERRACE INC?
- The 990 for the year ended December 31, 2024 names ANA PONCE.
- Who are the officers and directors of HABIBI TERRACE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HABIBI TERRACE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $795,836, expenses of $1,217,720 and total assets of $6,181,281 at year end.
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