Civic Intelligence

Cathedral Arms Inc.

990 • Fiscal year 2021 • EIN 30-0169764

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 26, 2022

Organization ProfileN/A
PO Box 7070Pasadena, CA 91109

(323) 258-3512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.36x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

2.49x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

42nd percentile

7.6%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-1.9%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$32,417,891

Up $2,282,223 (+7.6%) from 2020

Net Assets

Up

$20,879,998

Up $2,404,377 (+13%) from 2020

Liabilities

Down

$11,537,893

Down $122,154 (-1.0%) from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin87th percentile

Revenue

Down

$4,639,618

Down $87,913 (-1.9%) from 2020

Expenses

Up

$2,235,241

Up $77,593 (+3.6%) from 2020

Net Income

Down

$2,404,377

Down $165,506 (-6.4%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2013: $16,312,621Liabilities 2013: $12,411,180Net Assets 2013: $3,901,4412013Assets 2014: $17,912,789Liabilities 2014: $12,326,937Net Assets 2014: $5,585,8522014Assets 2015: $19,616,367Liabilities 2015: $12,239,434Net Assets 2015: $7,376,9332015Assets 2016: $21,418,340Liabilities 2016: $12,159,606Net Assets 2016: $9,258,7342016Assets 2017: $23,352,745Liabilities 2017: $12,045,435Net Assets 2017: $11,307,3102017Assets 2018: $25,395,858Liabilities 2018: $11,952,025Net Assets 2018: $13,443,8332018Assets 2019: $27,762,401Liabilities 2019: $11,856,663Net Assets 2019: $15,905,7382019Assets 2020: $30,135,668Liabilities 2020: $11,660,047Net Assets 2020: $18,475,6212020Assets 2021: $32,417,891Liabilities 2021: $11,537,893Net Assets 2021: $20,879,9982021Assets 2022: $34,686,159Liabilities 2022: $11,510,059Net Assets 2022: $23,176,1002022Assets 2023: $37,016,493Liabilities 2023: $11,251,002Net Assets 2023: $25,765,4912023Assets 2024: $40,968,966Liabilities 2024: $13,364,039Net Assets 2024: $27,604,9272024

Highlighted filing

2021

Assets$32,417,891
Liabilities$11,537,893
Net Assets$20,879,998
Open 2021 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2013: $3,334,095Expenses 2013: $2,239,139Net Income 2013: $1,094,9562013Revenue 2014: $3,606,221Expenses 2014: $1,921,810Net Income 2014: $1,684,4112014Revenue 2015: $3,828,970Expenses 2015: $2,037,889Net Income 2015: $1,791,0812015Revenue 2016: $3,948,235Expenses 2016: $2,066,434Net Income 2016: $1,881,8012016Revenue 2017: $4,059,787Expenses 2017: $2,011,211Net Income 2017: $2,048,5762017Revenue 2018: $4,202,463Expenses 2018: $2,065,940Net Income 2018: $2,136,5232018Revenue 2019: $4,591,452Expenses 2019: $2,129,547Net Income 2019: $2,461,9052019Revenue 2020: $4,727,531Expenses 2020: $2,157,648Net Income 2020: $2,569,8832020Revenue 2021: $4,639,618Expenses 2021: $2,235,241Net Income 2021: $2,404,3772021Revenue 2022: $4,823,060Expenses 2022: $2,526,958Net Income 2022: $2,296,1022022Revenue 2023: $5,489,841Expenses 2023: $2,900,450Net Income 2023: $2,589,3912023Revenue 2024: $5,736,508Expenses 2024: $3,897,072Net Income 2024: $1,839,4362024

Highlighted filing

2021

Revenue$4,639,618
Expenses$2,235,241
Net Income$2,404,377
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 26, 2022
Return Version
2021v4.0
Gross Receipts
$4,639,618
Mission and Program Overview

Mission

Provides federally subsidized apartment rental housing to low income elderly persons under HUD programs. Total of 206 units in San Diego, California.

To operate a federally subsidized apartment complex of 206 units to low income elderly (62 years of age or older) persons under hud programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,587,533$12,433,619▼ $153,914
Savings and Temporary Cash Investments$11,650,432$9,379,131▼ $2,271,301
Investments in Publicly Traded Securities$3,773,574$8,370,960▲ $4,597,386
Cash and Non-Interest-Bearing Accounts$93,480$107,401▲ $13,921
Prepaid Expenses and Deferred Charges$67,694$68,058▲ $364
Intangible Assets$57,273$55,205▼ $2,068
Accounts Receivable$31,848$12,096▼ $19,752
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$30,135,668$32,417,891▲ $2,282,223
Other Assets Total$1,873,834$1,991,421▲ $117,587
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,859,792$8,677,652▼ $182,140
Unsecured Notes Loans Payable$2,019,870$2,019,870→ $0
Other Liabilities$697,479$738,242▲ $40,763
Accounts Payable and Accrued Expenses$78,243$102,129▲ $23,886
Deferred Revenue$4,663--
Total Liabilities$11,660,047$11,537,893▼ $122,154
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,475,621$20,879,998▲ $2,404,377
Total Net Assets Fund Balance$18,475,621$20,879,998▲ $2,404,377
Total Liabilities and Net Assets / Fund Balance$30,135,668$32,417,891▲ $2,282,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,497,521$3,989,700$12,487,221
Land$3,900,000-$3,900,000
Other Land Buildings$27,283$110,725$138,008
Leasehold Improvements$8,815$3,883$12,698
Other Assets Org$1,962,111--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Emil J WohlPresident
Al DeberardinisDirector
Drew HubbellDirector
James a ChatfieldDirector
Michael GibsonDirector
Robert L RenttoSecretary/CFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Falkenberggilliam & AssocManagement1560 COLORADO BLVD, Pasadena, CA 91105$228,509
Community A Design CollectiveBulding Development4371 KANSAS STREET, San Diego, CA 92104$137,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,598,042
Investment Income
$41,576
Other Revenue
$0
Change in Net Assets
$2,404,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,639,618
Total Revenue per Audited Statements
$4,639,618
Total Revenue per Form 990
$4,639,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,871,470
Salaries, Compensation, and Employee Benefits$363,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$372,466--$372,466
Depreciation Depletion$306,482--$306,482
Other Salaries and Wages$159,029$143,229-$302,258
Fees for Services Management-$228,509-$228,509
Insurance$92,994--$92,994
Fees for Services Other-$62,945-$62,945
Other Employee Benefits$20,685$18,630-$39,315
Office Expenses-$31,503-$31,503
Payroll Taxes$11,679$10,519-$22,198
Other Expenses$3,940$13,416-$17,356
Advertising-$1,740-$1,740
Total Functional Expenses$1,698,262$536,979$0$2,235,241

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,235,241
Total Expenses per Audited Statements$2,235,241
Total Expenses per Form 990$2,235,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$670,334
Tenant Security Deposits$67,908
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Emil j. Wohl (president) is the son-in-law of robert l. Rentto (secretary).”

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The organization delegated accounting and payroll duties to a management company.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A PDF copy of the Form 990 is sent to the board of directors by email for review prior to obtaining the president's signature and filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies, and financial statements are made available upon request to the management office as listed on page 1”

Filing and Contact Details

Filer

Filer Name
Cathedral Arms Inc
EIN
30-0169764
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109

Signing Officer

Name
Emil J Wohl
Title
President
Signed
2022-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emil J Wohl
Formed
2005
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108
Preparer
Jenny Kikuno
Phone
6192947200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2021, 2020, 2019, and 2018 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.”

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt018475621
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020879998
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031503
IRS990/OfficeExpensesGrp/TotalAmt031503
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01873834
IRS990/OtherAssetsTotalGrp/EOYAmt01991421
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018630
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020685
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039315
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE RENT FREE UNIT
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026488
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113416
IRS990/OtherExpensesGrp/ProgramServicesAmt0372509
IRS990/OtherExpensesGrp/ProgramServicesAmt1358478
IRS990/OtherExpensesGrp/ProgramServicesAmt23940
IRS990/OtherExpensesGrp/TotalAmt0372509
IRS990/OtherExpensesGrp/TotalAmt1358478
IRS990/OtherExpensesGrp/TotalAmt226488
IRS990/OtherExpensesGrp/TotalAmt317356
IRS990/OtherLiabilitiesGrp/BOYAmt0697479
IRS990/OtherLiabilitiesGrp/EOYAmt0738242
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0143229
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0159029
IRS990/OtherSalariesAndWagesGrp/TotalAmt0302258
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010519
IRS990/PayrollTaxesGrp/ProgramServicesAmt011679
IRS990/PayrollTaxesGrp/TotalAmt022198
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt068058
IRS990/PrincipalOfficerNm0EMIL J WOHL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY/VENDING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2TENANT RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08608
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24588904
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24588904
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0257457
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01775407
IRS990/PYProgramServiceRevenueAmt04470074
IRS990/PYRevenuesLessExpensesAmt02569883
IRS990/PYSalariesCompEmpBnftPaidAmt0382241
IRS990/PYTotalExpensesAmt02157648
IRS990/PYTotalRevenueAmt04727531
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02404377
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04598042
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011650432
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09379131
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041576
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0257457
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0297852
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0142725
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt061875
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0801485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04598042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04470074
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04293600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04059738
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03997912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt021419366
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0257457
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0297852
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0142725
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt061875
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0801485
IRS990ScheduleA/InvestmentIncomeCYPct00.03610
IRS990ScheduleA/InvestmentIncomePYPct00.03700
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96390
IRS990ScheduleA/PublicSupportPY509Pct00.96300
IRS990ScheduleA/PublicSupportTotal509Amt021419366
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04598042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04470074
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04293600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04059738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03997912
IRS990ScheduleA/Total509Grp/TotalAmt021419366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04639618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04727531
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04591452
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04202463
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04059787
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt022220851
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08497521
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03989700
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012487221
IRS990ScheduleD/ExpensesSubtotalAmt02235241
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03900000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08815
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03883
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029310
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11962111
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027283
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110725
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138008
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0670334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt04639618
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2021, 2020, 2019, and 2018 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012433619
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01991421
IRS990ScheduleD/TotalExpensesPerForm990Amt02235241
IRS990ScheduleD/TotalLiabilityAmt0738242
IRS990ScheduleD/TotalRevenuePerForm990Amt04639618
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04639618
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02235241
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMIL J. WOHL (PRESIDENT) IS THE SON-IN-LAW OF ROBERT L. RENTTO (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization delegated accounting and payroll duties to a management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A PDF copy of the Form 990 is sent to the board of directors by email for review prior to obtaining the president's signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE MANAGEMENT OFFICE AS LISTED ON PAGE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,417,891
Liabilities
$11,537,893
Net assets
$20,879,998
Revenue
$4,639,618
Expenses
$2,235,241
Net income
$2,404,377
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.0$13.4$27.6$5.74$3.90$1.84
2023Detailed filing. Detailed filing data is available for this year.$37.0$11.3$25.8$5.49$2.90$2.59
2022Detailed filing. Detailed filing data is available for this year.$34.7$11.5$23.2$4.82$2.53$2.30
2021Detailed filing. Detailed filing data is available for this year.$32.4$11.5$20.9$4.64$2.24$2.40
2020Detailed filing. Detailed filing data is available for this year.$30.1$11.7$18.5$4.73$2.16$2.57
2019Detailed filing. Detailed filing data is available for this year.$27.8$11.9$15.9$4.59$2.13$2.46
2018Detailed filing. Detailed filing data is available for this year.$25.4$12.0$13.4$4.20$2.07$2.14
2017Detailed filing. Detailed filing data is available for this year.$23.4$12.0$11.3$4.06$2.01$2.05
2016Detailed filing. Detailed filing data is available for this year.$21.4$12.2$9.26$3.95$2.07$1.88
2015Detailed filing. Detailed filing data is available for this year.$19.6$12.2$7.38$3.83$2.04$1.79
2014Detailed filing. Detailed filing data is available for this year.$17.9$12.3$5.59$3.61$1.92$1.68
2013Detailed filing. Detailed filing data is available for this year.$16.3$12.4$3.90$3.33$2.24$1.09
Peer Organizations

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