EIN 95-4413788

Montebello Housing Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1992
Most recent tax filings
2023-06-01
NTEE code, primary
Description
MHDC empowers LA County families to achieve homeownership, developing and providing affordable housing for low-income individuals in Montebello.
Total revenues
$667,583
2023
Total expenses
$569,786
2023
Total assets
$8,031,579
2023
Num. employees
6
2023

Program areas at Montebello Housing Development Corporation

Home counselingthis program provides Housing counseling for pre-purchase and loss mitigation. During the year, the organization served 194 families and provided Housing counseling services.
Cal homethe state of California Housing and community Development department awarded grants to mhdc that provide silent second mortgage loans to very low-and low-icome, first-time homebuyers in los angeles, riverside and san bernardino counties. During the year, the organization had 3 borrowers close loans and purchased a home through this program.
Homebuyer educationthe first-time homebuyer program includes one-on-one counseliing to prepare clients to be mortgage ready, credit and budget counseling, and 8-hour hud approved homebuyer education classes via zoom video recording. The 8-hour homebuyer education class covers all aspects of the home buying process, from qualifying to closing. During the year, the organization served 193 people by provided hud-approved homebuyer education.

Who funds Montebello Housing Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
UnidosUSGrants$256,313
American Online Giving FoundationGeneral Support$20,000
Huntington HealthProgram Support$6,935

Personnel at Montebello Housing Development Corporation

NameTitleCompensation
Robert MonzonPresident$0
Jaime LegaspiVice President$0
Joseph SandovalSecretary$0
Patricias RenteriaTreasurer$0
Patricia RenteriaPast Treasurer$0

Financials for Montebello Housing Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$277,160
Program services$125,682
Investment income and dividends$7,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$209,488
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$47,257
Total revenues$667,583

Form 990s for Montebello Housing Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-09990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062022-05-06990View PDF
2020-062021-05-26990View PDF
...and 12 more Form 990s
Data update history
July 15, 2024
Used new vendors
Identified 1 new vendor, including
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $20,000 from American Online Giving Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $256,313 from UnidosUS
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
1619 Paramount Blvd
Montebello, CA 90640
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
mhdcca.org/ 
Phone
(323) 722-3955
IRS details
EIN
95-4413788
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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