MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION

EIN 20-2685023 · Housing Development, Construction & Management (L20)

What they do

to ACQUIRE, REHABILITATE, DEVELOP, OWN and OPERATE AFFORDABLE HOUSING and THE PROVISIONS of RELATED SERVICES for LOW-, VERY LOW-, and MODERATE-INCOME HOUSEHOLDS WHERE NO ADEQUATE HOUSING EXISTS for SUCH HOUSEHOLDS. THESE SERVICES ARE for and ON BEHALF of THE HOUSING AUTHORITY of THE COUNTY of MONTEREY, THE CITY of SOLEDAD HOUSING AUTHORITY, OTHER POLITICAL SUBDIVISIONS of THE STATE of CALIFORNIA, and NONPROFIT CORPORATIONS, WHICH ARE EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) of THE CODE or SUCCESSOR PROVISION, and to CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE GOALS AS ALLOWED BY LAW.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $57.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

16.06%of revenue went to mission work57.8% of expenses · Program services

$27.80spent for every $100 of revenueRevenue covered expenses this year.

11.74%of revenue went to management and office costs42.2% of expenses

$20.24in assets for every $1 spent this yearSome assets cannot be spent right away.

83.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $135,031 for ZULIEKA BOYKIN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,114,412

Mission workProgram services$2,266,57216.06% of revenue57.8% of expenses

ManagementOffice and general costs$1,657,40311.74% of revenue42.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,190,43772.20% of revenueShown in gray on the chart

Total expenses$3,923,97527.80% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 57.8% mission · 42.2% management · 0.0% fundraisingTotal expenses: 27.80% of revenue

2023Expense mix: 68.9% mission · 31.1% management · 0.0% fundraisingTotal expenses: 84.80% of revenue

2022Expense mix: 59.6% mission · 40.4% management · 0.0% fundraisingTotal expenses: 87.03% of revenue

2021Expense mix: 52.0% mission · 48.0% management · 0.0% fundraisingTotal expenses: 143.21% of revenue

2020Expense mix: 37.4% mission · 62.6% management · 0.0% fundraisingTotal expenses: 10.82% of revenue

2019Expense mix: 31.4% mission · 68.6% management · 0.0% fundraisingTotal expenses: 45.47% of revenue

2018Expense mix: 31.8% mission · 68.2% management · 0.0% fundraisingTotal expenses: 62.52% of revenue

2017Expense mix: 24.2% mission · 75.8% management · 0.0% fundraisingTotal expenses: 26.15% of revenue

Money in and money out

Revenue$14,114,412

Expenses$3,923,975

Annual surplus $10,190,437 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,266,572 · 57.8% of expenses

Management and office costs$1,657,403 · 42.2% of expenses

See all reported dollar amounts

Revenue$14,114,412

Expenses$3,923,975

Assets$79,409,391

Income$14,114,412

Contributions$11,778,007

Mission work (program services)$2,266,572

Management and general$1,657,403

Executive compensation (total)$167,221

Accounting fees$127,717

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ZULIEKA BOYKINEXECUTIVE DIRECTOR · 20 hrs/week $135,031

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

ZULIEKA BOYKINEXECUTIVE DIRECTOR

FRANCINE GOODWINCHAIR OF THE BOARD

HANS BUDERDIRECTOR

KATHLEEN BALLESTEROSDIRECTOR

KEVIN HEALYDIRECTOR

MARIA OROZCODIRECTOR

YURI ANDERSONVICE-CHAIR OF THE BOARD

About this charity

Recognized since: January 2006
Location: 123 RICO ST, SALINAS, CA 93907-2157
County: Monterey
In care of: % MONTEREY COUNTY HOUSING AUTHORITY
Primary officer: ZULIEKA BOYKIN, EXECUTIVE DIRECTOR

How to reach them

Phone(831) 775-5000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: NOVOGRADAC & COMPANY LLP
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management