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Paisano Housing Redevelopment Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$29M (2023)

Expenses
$7.87M (2023)

Total Assets
$415M (2023)

Total Liabilities
$133M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,956,922
Expenses
$7,870,278
Net Income
$21,086,644
Net Assets
$282,063,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,619,247
43.6%
Investment Income $15,989,159
55.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $348,516
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $415,242,739
Total Liabilities $133,179,635
Net Assets $282,063,104
Compensation
Key Employees and Officers Compensation Related Other
Sandy Azco (Commissioner) $0 $0 $0
Ralph Carrasco (Chairperson) $0 $0 $0
Jose Balderrama (Resident Commisioner) $0 $0 $0
Marty Reyes (Vice Chairperson) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,704,103
Expenses
-$7,640,424
Net Income
$46,344,527
Net Assets
$260,976,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,618,534
66.2%
Investment Income $13,277,426
34.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$191,857
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $370,474,608
Total Liabilities $109,498,148
Net Assets $260,976,460
Compensation
Key Employees and Officers Compensation Related Other
Sandy Azco (Commissioner) $0 $0 $0
Ralph Carrasco (Chairperson) $0 $0 $0
Jose Balderrama (Resident Commisioner) $0 $0 $0
Marty Reyes (Vice Chairperson) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,229,111
Expenses
-$997,348
Net Income
$39,226,459
Net Assets
$211,330,942
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,564,741
69.5%
Investment Income $11,847,992
31.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$183,622
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $313,193,517
Total Liabilities $101,862,575
Net Assets $211,330,942
Compensation
Key Employees and Officers Compensation Related Other
Robbert Anderson (Commissioner) $0 $0 $0
Francisco Ortega (Chairperson) $0 $0 $0
Yadira Beltran (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Vice Chairperson) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,928,786
Expenses
$976,546
Net Income
$15,952,240
Net Assets
$274,788,220
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,413,884
37.9%
Investment Income $10,698,524
63.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$183,622
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $376,433,899
Total Liabilities $101,645,679
Net Assets $274,788,220
Compensation
Key Employees and Officers Compensation Related Other
Robbert Anderson (Commissioner) $0 $0 $0
Francisco Ortega (Chairperson) $0 $0 $0
Yadira Beltran (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Vice Chairperson) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,431,828
Expenses
$5,094,699
Net Income
$74,337,129
Net Assets
$263,014,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,693
0.2%
Program Services $79,419,461
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$113,326
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $355,148,576
Total Liabilities $92,133,613
Net Assets $263,014,963
Compensation
Key Employees and Officers Compensation Related Other
Robbert Anderson (Commissioner) $0 $0 $0
Francisco Ortega (Chairperson) $0 $0 $0
Yadira Beltran (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Vice Chairperson) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,907,650
Expenses
$5,451,452
Net Income
$5,456,198
Net Assets
$196,657,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,701,437
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$793,787
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $274,014,527
Total Liabilities $77,356,846
Net Assets $196,657,681
Compensation
Key Employees and Officers Compensation Related Other
Burt Blacksher (Commisioner) $0 $0 $0
Francisco Ortega (Chairperson) $0 $0 $0
Yadira Beltran (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Commisioner) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Operating Officer) $0 $0 $0
Robbert Anderson (Commisioner) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,655,493
Expenses
$2,651,906
Net Income
$7,003,587
Net Assets
$184,329,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,832,632
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$177,139
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $205,814,362
Total Liabilities $21,484,841
Net Assets $184,329,521
Compensation
Key Employees and Officers Compensation Related Other
Burt Blacksher (Commisioner) $0 $0 $0
Francisco Ortega (Chairperson) $0 $0 $0
Yadira Beltran (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Commisioner) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Operating Officer) $0 $0 $0
Robbert Anderson (Commisioner) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,228,332
Expenses
$1,567,118
Net Income
-$338,786
Net Assets
$51,857,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,427,107
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$198,775
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $61,746,815
Total Liabilities $9,889,581
Net Assets $51,857,234
Compensation
Key Employees and Officers Compensation Related Other
Burt Blacksher (Chairperson) $0 $0 $0
Francisco Ortega (Vice Chairperson) $0 $0 $0
Lupita Licerio (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Commisioner) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Operating Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,347,432
Expenses
$249,329
Net Income
$8,098,103
Net Assets
$21,470,443
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,126,685
97.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $220,747
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,472,143
Total Liabilities $6,001,700
Net Assets $21,470,443
Compensation
Key Employees and Officers Compensation Related Other
Burt Blacksher (Chairperson) $0 $0 $0
Francisco Ortega (Vice Chairperson) $0 $0 $0
Lupita Licerio (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Commisioner) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,071,702
Expenses
$160,903
Net Income
$1,910,799
Net Assets
$11,537,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,591,105
76.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $480,597
23.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $41,981
26.1%
Assets/Debt
Total Assets $20,715,546
Total Liabilities $9,177,745
Net Assets $11,537,801
Compensation
Key Employees and Officers Compensation Related Other
Burt Blacksher (Chairperson) $0 $0 $0
Francisco Ortega (Vice Chairperson) $0 $0 $0
Lupita Licerio (Resident Commisioner) $0 $0 $0
Eileen Karlsruher (Commisioner) $0 $0 $0
Anna Louise Valdez Perez (Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,379,149
Expenses
$222,162
Net Income
$3,156,987
Net Assets
$6,319,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,519,882
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$140,733
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,934,349
Total Liabilities $8,614,960
Net Assets $6,319,389
Compensation
Key Employees and Officers Compensation Related Other
Joe Fernandez (Chairperson) $0 $0 $0
Sue Pratt (Vice Chairperson) $0 $0 $0
Kevin Quinn (Commisioner) $0 $0 $0
Lynn Coyle (Commisioner) $0 $0 $0
Guadalupe Licerio (Resident Commisioner) $0 $0 $0
Gerald Cichon (Chief Executive Officer) $0 $0 $0
Satish Bhaskar (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,879
Expenses
$442,701
Net Income
-$435,822
Net Assets
$3,162,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,004
87.3%
Investment Income $875
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,949,549
Total Liabilities $2,787,147
Net Assets $3,162,402

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$20,430
Net Income
-$20,430
Net Assets
$3,598,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,358,771
Total Liabilities $760,721
Net Assets $3,598,050

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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