Civic Intelligence

Preservation Communities Inc.

990T • Fiscal year 2022 • EIN 47-5639829

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileN/A
601 Cypress AveHermosa Beach, CA 90254

(310) 802-6674

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

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No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

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No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

Net Income

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No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $9,207Liabilities 2015: $4,7072015Assets 2019: $459,143Liabilities 2019: $13,859Net Assets 2019: $445,2842019Assets 2020: $1,383,394Liabilities 2020: $809,401Net Assets 2020: $573,9932020Assets 2021: $1,701,770Liabilities 2021: $809,401Net Assets 2021: $892,3692021Assets 2022: $2,651,615Liabilities 2022: $1,131,083Net Assets 2022: $1,520,5322022Assets 2023: $3,441,027Liabilities 2023: $1,131,083Net Assets 2023: $2,309,9442023Assets 2024: $4,033,402Liabilities 2024: $1,148,414Net Assets 2024: $2,884,9882024

Latest loaded filing

2024

Assets$4,033,402
Liabilities$1,148,414
Net Assets$2,884,988
Open 2024 Filing

Operations Trend

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

$1.0M$500K$0Revenue 2015: $4,500Expenses 2015: $0Net Income 2015: $4,5002015Revenue 2019: $175,251Expenses 2019: $250Net Income 2019: $175,0012019Revenue 2020: $924,241Expenses 2020: $795,532Net Income 2020: $128,7092020Revenue 2021: $318,451Expenses 2021: $75Net Income 2021: $318,3762021Revenue 2022: $661,918Expenses 2022: $33,755Net Income 2022: $628,1632022Revenue 2023: $799,146Expenses 2023: $9,735Net Income 2023: $789,4112023Revenue 2024: $570,635Expenses 2024: $7,209Net Income 2024: $563,4262024

Latest loaded filing

2024

Revenue$570,635
Expenses$7,209
Net Income$563,426
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v7.0
Mission and Program Overview

Mission

This organization purpose is to foster housing for low-income individuals focusing on the acquisition, preservation, and rehabilitation of exisiting housing properties providing direct rental assistance to "very low income" households.

Filing and Contact Details

Filer

Filer Name
Preservation Communities Inc
EIN
47-5639829
Phone
3108026674
Address
601 CYPRESS AVE, HERMOSA BEACH, CA 90254

Signing Officer

Name
Bernard Deasy
Title
President
Phone
3108026674
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Michelle Siebert
Phone
3178485700
Raw XML Appendix112 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990T/BalanceDueAmt06317
IRS990T/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990T/BooksInCareOfDetail/PhoneNum03108026674
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 CYPRESS AVE
IRS990T/BooksInCareOfDetail/USAddress/CityNm0HERMOSA BEACH
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd090254
IRS990T/BookValueAssetsEOYAmt02651616
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt00
IRS990T/ESPenaltyAmt0285
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/Organization501cCorporationInd0X
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IRS990TScheduleA/InvestmentIncmSect501c7917Grp/InvestmentIncomeDeductionAmt00
IRS990TScheduleA/InvestmentIncmSect501c7917Grp/InvestmentIncomeSetAsidesAmt00
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/OtherIncomeAmt029725
IRS990TScheduleA/PrincipalBusinessActivityCd0900003
IRS990TScheduleA/RentIncomePropertyGrp/DeductionsConnectedRentIncmAmt00
IRS990TScheduleA/RentIncomePropertyGrp/RentPersonalPropertyAmt00
IRS990TScheduleA/RentIncomePropertyGrp/RentRealPersonalPropertyAmt00
IRS990TScheduleA/RentIncomePropertyGrp/TotalRentsByPropertyAmt00
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IRS990TScheduleA/RentIncomePropertyGrp/USAddress/CityNm0HERMOSA BEACH
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IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalAllocableDeductionsAmt00
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IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
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IRS990TScheduleA/TotalInvestmentIncomeAmt00
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IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt029725
IRS990TScheduleA/TotUnrltTrdBusIncmAmt029725
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0THE ORGANIZATION HOLDS SHARES OF S CORPORATIONS
IRS990TScheduleA/UBIBeforeNOLDedAmt029725
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt029725
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AllocableDeductionAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionAdjBasisPct00.00000
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionDebtAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAdjustedBasisAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeReportableAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/OtherDebtFinancedDeductionAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/StraightLineDepreciationDedAmt00
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/AddressLine1Txt0601 CYPRESS AVE
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/CityNm0HERMOSA BEACH
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/StateAbbreviationCd0CA
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/ZIPCd090254
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt06032
IRS990T/TaxLessCreditsAmt06032
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt06032
IRS990T/TotalTaxComputationAmt06032
IRS990T/TotalUBTIAmt028725
IRS990T/TotalUBTIBeforeNOLSpecificAmt029725
IRS990T/TotalUBTIBeforeSection199AAmt029725
IRS990T/TotalUBTIComputedAmt029725
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNARD DEASY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03108026674
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESERVATION COMMUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0475639829
ReturnHeader/Filer/PhoneNum03108026674
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 CYPRESS AVE
ReturnHeader/Filer/USAddress/CityNm0HERMOSA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090254
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046032
ReturnHeader/PreparerPersonGrp/PhoneNum03178485700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE SIEBERT
ReturnHeader/ReturnTs02023-11-14T18:55:27-06:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BERNARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DEASY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
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Liabilities
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Net assets
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Revenue
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Expenses
-
Net income
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Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.03$1.15$2.88$0.57$0.01$0.56
2023Detailed filing. Detailed filing data is available for this year.$3.44$1.13$2.31$0.80$0.01$0.79
2022Detailed filing. Detailed filing data is available for this year.$2.65$1.13$1.52$0.66$0.03$0.63
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.81$0.89$0.32$0.00$0.32
2020Detailed filing. Detailed filing data is available for this year.$1.38$0.81$0.57$0.92$0.80$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.18$0.00$0.18
2015Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00