Civic Intelligence

Grace Manor Inc Co Long Beach Affordable Hsng Coalition

EIN 33-0709373 • 501(c)3 • Long Beach, CA

Profile

To provide quality living for low and very low income residents of the community in a 38-unit complex in Los Angeles, California.

3711 Long Beach Boulevard 5023Long Beach, CA 90807

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.15x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.22x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

55th percentile

5.2%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

54%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$730,956

Up $36,360 (+5.2%) from 2023

Liabilities

Down

$110,402

Down $82,817 (-43%) from 2023

Net Assets

Up

$620,554

Up $119,177 (+24%) from 2023

Revenue

Up

$504,981

Up $177,707 (+54%) from 2023

Expenses

Up

$485,996

Up $54,875 (+13%) from 2023

Net Income

Up

$18,985

Up $122,832 (+118%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2017: $1,139,256Liabilities 2017: $136,899Net Assets 2017: $1,002,3572017Assets 2018: $1,004,597Liabilities 2018: $125,581Net Assets 2018: $879,0162018Assets 2019: $1,015,287Liabilities 2019: $144,901Net Assets 2019: $870,3862019Assets 2020: $954,062Liabilities 2020: $120,354Net Assets 2020: $833,7082020Assets 2021: $903,092Liabilities 2021: $142,035Net Assets 2021: $761,0572021Assets 2022: $790,502Liabilities 2022: $185,278Net Assets 2022: $605,2242022Assets 2023: $694,596Liabilities 2023: $193,219Net Assets 2023: $501,3772023Assets 2024: $730,956Liabilities 2024: $110,402Net Assets 2024: $620,5542024

Highlighted filing

2024

Assets$730,956
Liabilities$110,402
Net Assets$620,554

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $304,689Expenses 2017: $341,027Net Income 2017: -$36,3382017Revenue 2018: $314,475Expenses 2018: $336,827Net Income 2018: -$22,3522018Revenue 2019: $308,606Expenses 2019: $317,236Net Income 2019: -$8,6302019Revenue 2020: $315,365Expenses 2020: $352,043Net Income 2020: -$36,6782020Revenue 2021: $313,015Expenses 2021: $414,167Net Income 2021: -$101,1522021Revenue 2022: $310,704Expenses 2022: $466,537Net Income 2022: -$155,8332022Revenue 2023: $327,274Expenses 2023: $431,121Net Income 2023: -$103,8472023Revenue 2024: $504,981Expenses 2024: $485,996Net Income 2024: $18,9852024

Highlighted filing

2024

Revenue$504,981
Expenses$485,996
Net Income$18,985

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 12, 2025
Return Version
2024v5.2
Gross Receipts
$504,981
Mission and Program Overview

Mission

To provide quality living for low and very low income residents of the community in a 38-unit complex in Los Angeles, California.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$582,243$622,103▲ $39,860
Accounts Receivable$41,074$23,267▼ $17,807
Cash and Non-Interest-Bearing Accounts$3,060$22,401▲ $19,341
Prepaid Expenses and Deferred Charges-$5,110-
Other Notes and Loans Receivable, Net$4,858$4,219▼ $639
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$694,596$730,956▲ $36,360
Other Assets Total$63,361$53,856▼ $9,505
Liabilities
Unsecured Notes Loans Payable$95,032$59,229▼ $35,803
Accounts Payable and Accrued Expenses$86,756$27,438▼ $59,318
Other Liabilities$11,431$23,735▲ $12,304
Total Liabilities$193,219$110,402▼ $82,817
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$501,377$620,554▲ $119,177
Total Net Assets Fund Balance$501,377$620,554▲ $119,177
Total Liabilities and Net Assets / Fund Balance$694,596$730,956▲ $36,360

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,717$1,818,325$1,916,042
Land$458,387-$458,387
Leasehold Improvements$54,709$283,685$338,394
Equipment$11,290$153,981$165,271
Other Land Buildings-$72,794$72,794
Other Assets Org$15,856--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Enzo CottognetiChairman
Brenda ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$202,219
Program Service Revenue
$284,812
Investment Income
$29
Other Revenue
$17,921
Change in Net Assets
$18,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,220
Salaries, Compensation, and Employee Benefits$51,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$82,260--$82,260
Fees for Services Management-$44,994-$44,994
Other Salaries and Wages$37,019--$37,019
Depreciation Depletion$28,138--$28,138
Other Expenses$25,970--$25,970
Fees for Services Accounting$23,782--$23,782
All Other Expenses$12,284--$12,284
Other Employee Benefits$8,313--$8,313
Payroll Taxes$6,444--$6,444
Fees for Services Other$5,703--$5,703
Office Expenses$5,237--$5,237
Fees for Services Legal$1,607--$1,607
Travel$1,408--$1,408
Information Technology$523--$523
Total Functional Expenses$441,002$44,994$0$485,996
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
Tenant security deposit liability$13,103
Prepaid Rent$10,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The Organization has contracted an unaffiliated property management company to manage the day to day operations of the property.

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by the Executive Director and CFO of Long Beach Affordable Housing Coalition.

Form 990, Part VI, Section B, Line 12C

All possible conflicts of interest by board members, officers and management employees must be disclosed immediately to the Chief Executive Office who shall then inform the board. The transaction is then evaluated in terms of its best interest to the Organization. A questionnaire is completed annually.

Form 990, Part VI, Section C, Line 19

All documentation is available to the public upon request or through the Long Beach Affordable Housing Coalition website (www.lbahc.org).

Filing and Contact Details

Filer

Filer Name
Grace Manor Inc
EIN
33-0709373
Phone
5622758664
Address
3711 Long Beach Boulevard 5023, Long Beach, CA 90807

Signing Officer

Name
Enzo Cottogneti
Title
Chairman
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Enzo Cottogneti
Formed
1996
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Johnson & Associates An Accountancy Corporation
Address
3868 W Carson St Suite 105, Torrance, CA 90503
Preparer
William J Johnson
Phone
3105407477
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book to tax - accounts payable = $44975

Form 990, Part XI, Line 9

Construction in Progress = $55217

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt073502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt074364
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt067342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt093216
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0510643
IRS990ScheduleA/TotalSupportAmt0510814
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097717
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01818325
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01916042
IRS990ScheduleD/EquipmentGrp/BookValueAmt011290
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153981
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165271
IRS990ScheduleD/LandGrp/BookValueAmt0458387
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0458387
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt054709
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0283685
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0338394
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt038000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115856
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Residual receipts reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant security deposits
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt072794
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposit liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0622103
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053856
IRS990ScheduleD/TotalLiabilityAmt023735
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has contracted an unaffiliated property management company to manage the day to day operations of the property.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by the Executive Director and CFO of Long Beach Affordable Housing Coalition.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All possible conflicts of interest by board members, officers and management employees must be disclosed immediately to the Chief Executive Office who shall then inform the board. The transaction is then evaluated in terms of its best interest to the Organization. A questionnaire is completed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All documentation is available to the public upon request or through the Long Beach Affordable Housing Coalition website (www.lbahc.org).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Book to tax - accounts payable = $44975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Construction in Progress = $55217
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Long Beach Affordable Housing Coalition
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0330571228
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Low-income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03711 Long Beach Blvd 5023
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Long Beach
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090807
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt059229
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Long Beach Affordable Housing Coalition
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0e
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0694596
IRS990/TotalAssetsEOYAmt0730956
IRS990/TotalAssetsGrp/BOYAmt0694596
IRS990/TotalAssetsGrp/EOYAmt0730956
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0202219
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441002
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485996
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0193219
IRS990/TotalLiabilitiesEOYAmt0110402
IRS990/TotalLiabilitiesGrp/BOYAmt0193219
IRS990/TotalLiabilitiesGrp/EOYAmt0110402
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0501377
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0620554
IRS990/TotalProgramServiceExpensesAmt0441002
IRS990/TotalProgramServiceRevenueAmt0284812
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0302762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0504981
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0694596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0730956
IRS990/TravelGrp/ProgramServicesAmt01408
IRS990/TravelGrp/TotalAmt01408
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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