Nonprofit · EIN 94-2155250
VILLA GARCIA INC
Tax-exempt · SAN JOSE, CA 95110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,048,658 | $8,580,542 | -$531,884 | $65,836,897 | $56,974,872 | $8,862,025 |
| December 31, 2023 | 990 | $701,669 | $905,819 | -$204,150 | $62,232,843 | $52,838,934 | $9,393,909 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,205,512
- of which government grants
- $2,205,512
- Program service revenue
- $5,813,239
- Investment income
- $29,907
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,205,512
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $69,390
- Depreciation
- $582,799
- Program services (functional)
- $8,507,372
- Management and general (functional)
- $73,170
Balance sheet and other
- Total assets, start of year
- $62,232,843
- Total assets, end of year
- $65,836,897
- Total liabilities, end of year
- $56,974,872
- Net assets, end of year
- $8,862,025
- Land, buildings and equipment
- $49,531,322
- Net assets without donor restrictions
- $8,862,025
- Gross receipts
- $8,048,658
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1970
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PRESTON PRINCE | PRESIDENT Trustee or director, Officer | 1 | $0 | $438,106 | $69,198 |
| FLAHERTY WARD | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $288,251 | $39,072 |
| RUSSELL BRUNSON | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 | $291,123 | $17,712 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALELI SANGALANG | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $465,270 | $27,877 |
| PRESTON PRINCE | PRESIDENT Trustee or director, Officer | 1 | $0 | $415,956 | $66,209 |
| FLAHERTY WARD | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 | $262,017 | $37,901 |
| RUSSELL BRUNSON | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 | $280,329 | $16,541 |
Address and contacts
- Address (IRS master file)
- 505 W JULIAN ST, SAN JOSE, CA 95110-2338
- Principal officer (990 for 2024)
- PRESTON PRINCE, 505 WEST JULIAN STREET, SAN JOSE, CA 95110
- Signed the 990
- PRESTON PRINCE, PRESIDENT
- Phone
- (408) 275-8770
- Return prepared by
- LINDQUIST VON HUSEN & JOYCE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2155250 or by the name VILLA GARCIA 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 FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.
Program accomplishments
- THE ORGANIZATION SERVES AS GENERAL PARTNER OF LIMITED PARTNERSHIPS WHICH OWN & OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND MODERATE INCOME PERSONS.Expenses $8,507,372 · grants $2,205,512 · revenue $5,813,239
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
- 94-2155250
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $65,836,897
- Income (IRS master file)
- $8,048,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,048,658 | $8,580,542 | $65,836,897 | XML |
| 990 | December 2023 | $701,669 | $905,819 | $62,232,843 | XML |
| 990 | December 2022 | $136,019 | $11,434 | $9,608,559 | 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 94-2155250).
Questions about VILLA GARCIA INC
- What is the EIN of VILLA GARCIA INC?
- The employer identification number (EIN) of VILLA GARCIA INC is 94-2155250.
- Is VILLA GARCIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to VILLA GARCIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLA GARCIA 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 VILLA GARCIA 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 VILLA GARCIA 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 VILLA GARCIA INC?
- The 990 for the year ended December 31, 2024 names PRESTON PRINCE.
- Who are the officers and directors of VILLA GARCIA INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does VILLA GARCIA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,048,658, expenses of $8,580,542 and total assets of $65,836,897 at year end.
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