Avezta Foundation
- Assets
- $2.7k
- Revenue
- $9.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3726888
Organization Overview
Avezta Foundation is located in San Diego, CA. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avezta Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Avezta Foundation generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $12.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AND BUILDING AFFORDABLE APARTMENT COMMUNITIES FOR WORKING FAMILIES, SENIORS, AND/OR PEOPLE WITH DISABILITIES IN CALIFORNIA. PHASE 1 (YEAR 1-3) THE FOUNDATION INTENDS TO OUTSOURCE THE ARCHITECTURAL AND ENGINEERING DESIGNS AND WILL HIRE CONSTRUCTION WORKERS AS NEEDED. THE FOUNDATION WILL BE THE DEVELOPER. PHASE II (YEAR 4 AND THEREAFTER) THE FOUNDATIONS INTENDS TO HAVE MOST DISCIPLINES IN-HOUSE.
RENTING, SELLING AND/OR LEASING AFFORDABLE HOUSING. FOR RENTING AND TENANT RELATIONSHIPS, THE FOUNDATION SHALL HAVE A PROPERTY MANAGEMENT DIVISION WHICH WILL EMPLOY ON-SITE MANAGERS, REGIONAL MANAGERS AND HANDYMEN.
FINANCIAL CONSULTANCY AND EDUCATION TO PROMULGATE FINANCIAL FREEDOM. THE FOUNDATION WILL HIRE A FINANCIAL ANALYST AND ONE OR MORE EDUCATIONAL TRAINER(S) TO PROVIDE FINANCIAL AND CREDIT BUILDING CLASSES TO THE COMMUNITY.
EXTENDING GRANTS AND/OR SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS. THE BOARD OF DIRECTORS SHALL REVIEW COLLEGE AND HIGH SCHOOL STUDENT'S APPLICATIONS TO DETERMINE ELIGIBILITY. THE APPLICATION PROCESS FOR THESE GRANTS AND SCHOLARSHIPS SHALL OCCUR NO MORE THAN ONCE A YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diego Bastidas Director | 8 | $0 | |
Jacky Schon President & CEO | 8 | $0 | |
Mely Scolari Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,571 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,150 |
| Other expenses | $64 |
| Total operating and administrative expenses | $11,990 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,736 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,736 |
| Accounts payable and accrued expenses | $2,355 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,355 |