Nonprofit · EIN 95-4345495
1010 DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $107,993 | $422,963 | -$314,970 | $9,254,294 | $8,583,869 | $670,425 |
| December 31, 2023 | 990 | $25,372 | $531,314 | -$505,942 | $9,553,367 | $8,567,972 | $985,395 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,183
- Program service revenue
- $192,482
- Investment income
- $0
- Net rental income
- -$85,672
- Other revenue
- -$85,672
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,000
- Other salaries and wages
- $75,000
- Salaries, compensation and benefits (total)
- $275,279
- Professional fundraising fees
- $0
- Legal fees
- $6,161
- Accounting fees
- $6,000
- Depreciation
- $3,680
- Program services (functional)
- $381,394
- Management and general (functional)
- $41,569
Balance sheet and other
- Total assets, start of year
- $9,553,367
- Total assets, end of year
- $9,254,294
- Total liabilities, end of year
- $8,583,869
- Net assets, end of year
- $670,425
- Land, buildings and equipment
- $3,870,362
- Net assets without donor restrictions
- $670,425
- Gross receipts
- $397,643
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1991
- 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 |
|---|---|---|---|
| BOB BUENTE | PRESIDENT & CEO Officer, Key employee, Highest-paid employee | 35 | $150,000 |
| MATT GOULET | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CARRIE GILLIS | TREASURER & CFO Trustee or director, Officer | 1 | $0 |
| JENNIFER GUTIERREZ | CORPORATE SECRETARY Trustee or director, Officer | 1 | $0 |
| VIVIAN VILLAVERDE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB BUENTE | PRESIDENT & CEO Officer, Key employee, Highest-paid employee | 35 | $150,000 |
| MATT GOULET | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CARRIE GILLIS | TREASURER & CFO Trustee or director, Officer | 1 | $0 |
| JENNIFER GUTIERREZ | CORPORATE SECRETARY Trustee or director, Officer | 1 | $0 |
| VIVIAN VILLAVERDE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 S HOPE ST 1ST FL, LOS ANGELES, CA 90015-4060
- In care of
- % CHIEF FINANCIAL OFFICER
- Principal officer (990 for 2024)
- ROBERT M BUENTE, 1001 SOUTH HOPE STREET 1ST FLOOR, LOS ANGELES, CA 90015
- Signed the 990
- ROBERT BUENTE, PRES. AND CEO
- Phone
- (213) 749-0214
- Website
- WWW.1010DEV.ORG
- Return prepared by
- KELLER AND ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4345495 or by the name 1010 DEVELOPMENT CORPORATION.
- 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 PRESERVE, CONSTRUCT AND MANAGE QUALITY SERVICE-ENRICHED AFFORDABLE HOUSING, AS WELL AS ENGAGE IN OVERALL COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES.
Program accomplishments
- MANAGEMENT OF MULTIPLE SENIOR AND AFFORDABLE HOUSING PROJECTS IN DOWNTOWN LOS ANGELES. PROVIDING FINANCIAL, ACCOUNTING AND BOOKKEEPING SERVICES AND ASSISTANCE TO CHURCHES, LOW-INCOME HOUSING OWNERS, LIMITED PARTNERSHIPS AND NOT-FOR-PROFIT ORGANIZATIONS.Expenses $381,394 · revenue $193,665
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
- 95-4345495
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $9,254,294
- Income (IRS master file)
- $397,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $107,993 | $422,963 | $9,254,294 | XML |
| 990 | December 2023 | $25,372 | $531,314 | $9,553,367 | XML |
| 990 | December 2022 | $2,131,787 | $873,594 | $9,985,543 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 95-4345495).
Questions about 1010 DEVELOPMENT CORPORATION
- What is the EIN of 1010 DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of 1010 DEVELOPMENT CORPORATION is 95-4345495.
- Is 1010 DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to 1010 DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1010 DEVELOPMENT CORPORATION 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 1010 DEVELOPMENT CORPORATION 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 1010 DEVELOPMENT CORPORATION 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 1010 DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ROBERT M BUENTE.
- Who are the officers and directors of 1010 DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $150,000 (BOB BUENTE, PRESIDENT & CEO).
- How much revenue does 1010 DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $107,993, expenses of $422,963 and total assets of $9,254,294 at year end.
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