Civic Intelligence

Beverly Normandie Housing Corporation

EIN 33-0709575 • 501(c)3 • Long Beach, CA

Profile

To provide quality living for low and very low income residents of the community in a 59-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

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.29x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$130,050

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

22nd percentile

-4.0%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

35%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,797,846

Down $404,134 (-4.0%) from 2023

Liabilities

Up

$10,022,734

Up $128,271 (+1.3%) from 2023

Net Assets

Down

-$224,888

Down $532,405 (-173%) from 2023

Revenue

Up

$1,374,826

Up $357,977 (+35%) from 2023

Expenses

Up

$1,907,336

Up $767,087 (+67%) from 2023

Net Income

Down

-$532,510

Down $409,110 (-332%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $1,738,235Liabilities 2017: $803,146Net Assets 2017: $935,0892017Assets 2018: $2,046,192Liabilities 2018: $1,269,539Net Assets 2018: $776,6532018Assets 2019: $2,002,535Liabilities 2019: $1,173,504Net Assets 2019: $829,0312019Assets 2020: $1,880,718Liabilities 2020: $1,133,059Net Assets 2020: $747,6592020Assets 2021: $1,666,060Liabilities 2021: $1,175,826Net Assets 2021: $490,2342021Assets 2022: $1,586,317Liabilities 2022: $1,179,600Net Assets 2022: $406,7172022Assets 2023: $10,201,980Liabilities 2023: $9,894,463Net Assets 2023: $307,5172023Assets 2024: $9,797,846Liabilities 2024: $10,022,734Net Assets 2024: -$224,8882024

Highlighted filing

2024

Assets$9,797,846
Liabilities$10,022,734
Net Assets-$224,888

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $1,279,174Expenses 2017: $597,065Net Income 2017: $682,1092017Revenue 2018: $487,490Expenses 2018: $641,803Net Income 2018: -$154,3132018Revenue 2019: $550,011Expenses 2019: $497,633Net Income 2019: $52,3782019Revenue 2020: $475,870Expenses 2020: $557,242Net Income 2020: -$81,3722020Revenue 2021: $474,853Expenses 2021: $732,278Net Income 2021: -$257,4252021Revenue 2022: $511,394Expenses 2022: $622,886Net Income 2022: -$111,4922022Revenue 2023: $1,016,849Expenses 2023: $1,140,249Net Income 2023: -$123,4002023Revenue 2024: $1,374,826Expenses 2024: $1,907,336Net Income 2024: -$532,5102024

Highlighted filing

2024

Revenue$1,374,826
Expenses$1,907,336
Net Income-$532,510

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,374,826
Mission and Program Overview

Mission

To provide quality living for low and very low income residents of the community in a 59-unit complex in los angeles, california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related-$6,449,194-
Land, Buildings, and Equipment, Net$863,348$835,702▼ $27,646
Other Notes and Loans Receivable, Net$477,706$0▼ $477,706
Cash and Non-Interest-Bearing Accounts$50,480$139,595▲ $89,115
Intangible Assets$181,293$106,275▼ $75,018
Prepaid Expenses and Deferred Charges$64,409$79,014▲ $14,605
Accounts Receivable$86,001$54,872▼ $31,129
Total Assets$10,201,980$9,797,846▼ $404,134
Other Assets Total$8,478,743$2,133,194▼ $6,345,549
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,800,000$9,861,250▲ $61,250
Accounts Payable and Accrued Expenses$81,896$147,813▲ $65,917
Other Liabilities$11,973$11,052▼ $921
Deferred Revenue$594$2,619▲ $2,025
Total Liabilities$9,894,463$10,022,734▲ $128,271
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$307,517$-224,888▼ $532,405
Total Net Assets Fund Balance$307,517$-224,888▼ $532,405
Total Liabilities and Net Assets / Fund Balance$10,201,980$9,797,846▼ $404,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$273,857$1,934,020$2,207,877
Land$550,739-$550,739
Other Land Buildings$442$222,976$223,418
Leasehold Improvements$8,219$77,541$85,760
Equipment$2,445$52,486$54,931
Investment Program Related Org$6,316,226--
Other Assets Org$2,133,194--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Enzo CottognetiBoard Chair$130,050$130,050

Board Members and Trustees

NameTitle
Brenda ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$952,350
Program Service Revenue
$231,110
Investment Income
$191,366
Other Revenue
$0
Change in Net Assets
$-532,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,374,826
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,374,826
Total Revenue per Form 990
$1,374,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,814,941
Salaries, Compensation, and Employee Benefits$92,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$985,799$950-$986,749
Depreciation Depletion$102,664--$102,664
Other Salaries and Wages$26,272$54,668-$80,940
Fees for Services Management-$26,434-$26,434
All Other Expenses$16,049--$16,049
Fees for Services Accounting-$12,545-$12,545
Other Expenses$11,955$49,646-$11,955
Other Employee Benefits$6,832--$6,832
Office Expenses-$6,284-$6,284
Payroll Taxes$4,623--$4,623
Insurance$1,376--$1,376
Total Functional Expenses$1,756,809$150,527$0$1,907,336

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,907,336
Expenses per Audited Statements$1,905,869
Total Expenses per Audited Statements$1,905,869
Expenses Not Reported on Financial Statements$1,467
Other Expense Adjustments$1,467
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Held in Tr$11,052
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 unaffiliated management company collects monthly rents, arranges for repairs and maintenance, performs bookkeeping, reports to the board of directors, and manages the day to day operations of the property.

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

The form 990 is reviewed and approved by the board chair prior to filing the return.

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

A questionnaire is completed annually. All possible conflicts of interest by board members, officers and management employees must be disclosed immediately. The board evaluates the conflict in the best interest to the organization.

Form 990, Part VI, Section C, Line 19

All documentation is available to the public upon request or through the website.

Filing and Contact Details

Filer

Filer Name
Beverly Normandie Housing Corporation
EIN
33-0709575
Phone
5622758664
Address
3711 LONG BEACH BOULEVARD 5023, LONG BEACH, CA 90807

Signing Officer

Name
Enzo Cottogneti
Title
Executive Director
Phone
5622758664
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Joseph R Stroup
Phone
3178485700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501 (c)(3) of the internal revenue code and state income tax, and has been classified as a public charity. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Book/tax depreciation difference 1,467.

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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0273857
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01934020
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02207877
IRS990ScheduleD/EquipmentGrp/BookValueAmt02445
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052486
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054931
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01467
IRS990ScheduleD/ExpensesSubtotalAmt01905869
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt058967
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt139046
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt234955
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt36316226
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1DEBT SERVICE RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2PREDEVELOPMENT COST ESCROW
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RENOVATION RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0550739
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0550739
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08219
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077541
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt085760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02133194
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP INVESTMENT-OPERATIONS
IRS990ScheduleD/OtherExpensesNotIncludedAmt01467
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0442
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222976
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0223418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD IN TR
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01374826
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS A PUBLIC CHARITY. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION DIFFERENCE 1,467.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0835702
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02133194
IRS990ScheduleD/TotalBookValueProgramRltdAmt06449194
IRS990ScheduleD/TotalExpensesPerForm990Amt01907336
IRS990ScheduleD/TotalLiabilityAmt011052
IRS990ScheduleD/TotalRevenuePerForm990Amt01374826
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01374826
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01905869
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE UNAFFILIATED MANAGEMENT COMPANY COLLECTS MONTHLY RENTS, ARRANGES FOR REPAIRS AND MAINTENANCE, PERFORMS BOOKKEEPING, REPORTS TO THE BOARD OF DIRECTORS, AND MANAGES THE DAY TO DAY OPERATIONS OF THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD CHAIR PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A QUESTIONNAIRE IS COMPLETED ANNUALLY. ALL POSSIBLE CONFLICTS OF INTEREST BY BOARD MEMBERS, OFFICERS AND MANAGEMENT EMPLOYEES MUST BE DISCLOSED IMMEDIATELY. THE BOARD EVALUATES THE CONFLICT IN THE BEST INTEREST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTATION IS AVAILABLE TO THE PUBLIC UPON REQUEST OR THROUGH THE WEBSITE.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LONG BEACH AFFORDABLE HOUSING COAL
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 SUITE 5023
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LONG BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090807
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0484699
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LONG BEACH AFFORDABLE HOUSING COALITION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010201980
IRS990/TotalAssetsEOYAmt09797846
IRS990/TotalAssetsGrp/BOYAmt010201980
IRS990/TotalAssetsGrp/EOYAmt09797846
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0952350
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150527
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01756809
IRS990/TotalFunctionalExpensesGrp/TotalAmt01907336
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09894463
IRS990/TotalLiabilitiesEOYAmt010022734
IRS990/TotalLiabilitiesGrp/BOYAmt09894463
IRS990/TotalLiabilitiesGrp/EOYAmt010022734
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0307517
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-224888
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01756809
IRS990/TotalProgramServiceRevenueAmt0231110
IRS990/TotalReportableCompFromOrgAmt0130050
IRS990/TotalRevenueGrp/ExclusionAmt0191366
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0231110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01374826
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010201980
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09797846
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03711 LONG BEACH BOULEVARD 5023
IRS990/USAddress/CityNm0LONG BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090807
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A

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