Public Charity

LAS PALMAS FOUNDATION

LAS PALMAS FOUNDATION is a Public Charity headquartered in ENCINITAS, CA. Financial data from the 2024 filing: $7.0M revenue, $1.5M expenses, $25.9M total assets.

EIN: 330497515 ENCINITAS, CA Latest filing: 2024
Total Revenue$7.0M
Total Expenses$1.5M
Total Assets$25.9M
Grant Records0
Filing Years2019–2024

Mission

LAS NBSP;PALMAS NBSP;FOUNDATION NBSP;A NBSP;CALIFORNIA NBSP;NON-PROFIT NBSP;CORPORATIN NBSP;IS NBSP;DEDICATED NBSP;TO NBSP;ACQUIRE NBSP;DEVELOP NBSP;REHABILITATE NBSP;AND NBSP;SUPPORT NBSP;AFFORDABLE NBSP;HOUSING NBSP;THE NBSP;ORGANIZATION NBSP;WAS NBSP;CREATED NBSP;TO NBSP;INCREASE NBSP;AND NBSP;IMPROVE NBSP;HOUSING NBSP;FOR NBSP;LOW NBSP;AND NBSP;MODERATE NBSP;INCOME NBSP;FAMILIES NBSP;AND NBSP;INDIVIDUALS

Where $100 goes at Las Palmas Foundation

How Las Palmas Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$13 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $87 for programs

$29
Co-managing general partner in amcal algre fund lp which owns and operates a 104 unit affordable family complex in irvine california
34% of program spending
$29
Co-managing general partner in almaden family housing partners lp which owns and operates a 220 unit affordable family apartment complex in san jose california
33% of program spending
$29
Co-managing general partner in cambria psh lp which owns and operates a 57 unit afordable family apartment complex in los angeles california
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Joseph Michaels
VICE PRESIDENT Leslie Michaels
VICE PRESIDENT Mary White
VICE PRESIDENT Noami Pines
DIRECTOR Randy Stevenson
VICE PRESIDENT Ryan Monte

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $7.0M $1.5M $25.9M
2023 $2.1M $1.4M $7.5M
2022 $2.0M $1.2M $6.9M
2020 $1.4M $1.1M $5.2M
2019 $1.1M $1.1M $4.9M

Between 2019 and 2024, reported annual revenue grew from $1.1M to $7.0M (+523%), with total assets most recently reported at $25.9M.

Interactive year-over-year charts and full filing details available with membership.

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