Monterey County Housing Authority Development Corporation

Salinas, CA · EIN 20-2685023 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Monterey County Housing Authority Development Corporation reported $14.1 million in revenue and $3.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $57.76 went to program services, $42.24 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 83.4% of the total. Government grants made up 52.3%. The highest compensation it reported for one person was $135,031 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 252% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $3.9M

Program services$57.76 $2.3M
Management & general$42.24 $1.7M
Fundraising$0.00 $0

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14M

Contributions & grants (non-government)$31.18 $4.4M
Government grants$52.27 $7.4M
Program service revenue$16.55 $2.3M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 933 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	57.8%	87.5%
Management & general Part IX 25(C) ÷ 25(A)	42.2%	10.5%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.01
Contributions & grants share of revenue Part VIII 1h ÷ 12	83.4%	17.0%
Government grants share of revenue Part VIII 1e ÷ 12	52.3%	1.0%
Program service revenue share Part VIII 2g ÷ 12	16.6%	66.2%
Highest reported compensation Part VII-A, columns D–F	$135,031	$300,863
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	3.44%	1.57%
People paid over $100,000 Part VII, line 2	1	5
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	162.4	10.0
Independent voting board members Part VI 1a–1b	7 of 7	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$2.3M expenses · 100.0% of program spending · revenue $1.3M

Acquire, rehabilitate, develope, own, or operate affordable housing for very moderately low income households

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
EXECUTIVE DIRECTOR Officer, 20.00 hrs/week	$135,031	$0	$0	$135,031

1 people received more than $100,000 in reportable compensation from Monterey County Housing Authority Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $135K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$14M	$3.9M	57.8%	$53M	$135,031
FY2024 ⓘ	$3.7M	$3.2M	68.9%	$43M	$129,651
FY2023 ⓘ	$4.0M	$3.5M	59.6%	$40M	$121,628
FY2022 ⓘ	$2.5M	$3.6M	52.0%	$38M	$181,286
FY2021 ⓘ	$14M	$1.5M	37.4%	$49M	$194,960
FY2020 ⓘ	$4.0M	$1.8M	31.4%	$36M	$167,221

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14No
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5101

Correct a figure or respond

Every number above is copied from Monterey County Housing Authority Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Monterey County Housing Authority Development Corporation, you can publish a response that is linked from this page.

Report a correction Respond as Monterey County Housing Authority…How this works

Similar-sized charities in this cause

Shelter Partnership
Los Angeles, CA · revenue $14M · programs 95.3% · FY2025
Wesley Manor Retirement Community
Louisville, KY · revenue $14M · programs 87.9% · FY2025
Wesley Homes Pierce County
Des Moines, WA · revenue $14M · programs 86.8% · 2024
Partners for Community Development
Sheboygan, WI · revenue $14M · programs 93.4% · FY2025
Habitat for Humanity of Greater Palm Beach County
Lake Worth, FL · revenue $14M · programs 83.7% · FY2025

All housing & shelter charities · Largest charities in California

Questions people ask

How much of Monterey County Housing Authority Development Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Monterey County Housing Authority Development Corporation reported that 57.8% of its $3.9 million in expenses went to program services, 42.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Monterey County Housing Authority Development Corporation pay its top executive?

The largest total compensation Monterey County Housing Authority Development Corporation reported for one person in the fiscal year ending June 30, 2025 was $135,031, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Monterey County Housing Authority Development Corporation get its money?

Of $14.1 million in revenue in the fiscal year ending June 30, 2025, 83.4% came from contributions and grants (including 52.3% from government grants) and 16.6% from program service revenue (Form 990, Part VIII).

Is Monterey County Housing Authority Development Corporation a registered charity?

The IRS lists EIN 20-2685023 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611329349304121 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349311750 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349311210 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202302899349303610 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349316822 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349309502 · read the filing

All filings for EIN 20-2685023: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.