Civic Intelligence

Floral Gardens Apartments Inc

EIN 68-0371265 • 501(c)3 • San Rafael, CA

Profile

To provide low-income housing

22 Pelican WaySan Rafael, CA 94901

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.55x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

23rd percentile

-9.4%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

96th percentile

$354,634

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 51.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

32nd percentile

-2.2%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,775,607

Down $40,573 (-2.2%) from 2024

Liabilities

Up

$374,768

Up $24,328 (+6.9%) from 2024

Net Assets

Down

$1,400,839

Down $64,901 (-4.4%) from 2024

Revenue

Up

$687,225

Up $88,648 (+15%) from 2024

Expenses

Down

$752,126

Down $14,307 (-1.9%) from 2024

Net Income

Up

-$64,901

Up $102,955 (+61%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,073,778Liabilities 2012: $119,557Net Assets 2012: $1,954,2212012Assets 2013: $2,013,968Liabilities 2013: $61,519Net Assets 2013: $1,952,4492013Assets 2014: $1,939,446Liabilities 2014: $41,502Net Assets 2014: $1,897,9442014Assets 2015: $1,922,745Liabilities 2015: $44,591Net Assets 2015: $1,878,1542015Assets 2016: $1,924,719Liabilities 2016: $39,429Net Assets 2016: $1,885,2902016Assets 2017: $1,940,715Liabilities 2017: $52,647Net Assets 2017: $1,888,0682017Assets 2018: $1,982,189Liabilities 2018: $49,729Net Assets 2018: $1,932,4602018Assets 2019: $2,283,005Liabilities 2019: $373,739Net Assets 2019: $1,909,2662019Assets 2020: $2,453,254Liabilities 2020: $594,594Net Assets 2020: $1,858,6602020Assets 2021: $2,051,880Liabilities 2021: $273,277Net Assets 2021: $1,778,6032021Assets 2022: $1,937,927Liabilities 2022: $249,304Net Assets 2022: $1,688,6232022Assets 2023: $1,883,752Liabilities 2023: $250,156Net Assets 2023: $1,633,5962023Assets 2024: $1,816,180Liabilities 2024: $350,440Net Assets 2024: $1,465,7402024Assets 2025: $1,775,607Liabilities 2025: $374,768Net Assets 2025: $1,400,8392025

Highlighted filing

2025

Assets$1,775,607
Liabilities$374,768
Net Assets$1,400,839

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $373,067Expenses 2012: $394,142Net Income 2012: -$21,0752012Revenue 2013: $394,818Expenses 2013: $396,590Net Income 2013: -$1,7722013Revenue 2014: $377,267Expenses 2014: $431,772Net Income 2014: -$54,5052014Revenue 2015: $407,180Expenses 2015: $426,970Net Income 2015: -$19,7902015Revenue 2016: $447,232Expenses 2016: $440,096Net Income 2016: $7,1362016Revenue 2017: $449,854Expenses 2017: $447,076Net Income 2017: $2,7782017Revenue 2018: $521,342Expenses 2018: $476,950Net Income 2018: $44,3922018Revenue 2019: $479,563Expenses 2019: $502,757Net Income 2019: -$23,1942019Revenue 2020: $505,828Expenses 2020: $556,434Net Income 2020: -$50,6062020Revenue 2021: $505,460Expenses 2021: $585,517Net Income 2021: -$80,0572021Revenue 2022: $552,106Expenses 2022: $642,086Net Income 2022: -$89,9802022Revenue 2023: $582,028Expenses 2023: $637,055Net Income 2023: -$55,0272023Revenue 2024: $598,577Expenses 2024: $766,433Net Income 2024: -$167,8562024Revenue 2025: $687,225Expenses 2025: $752,126Net Income 2025: -$64,9012025

Highlighted filing

2025

Revenue$687,225
Expenses$752,126
Net Income-$64,901

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.37$1.40$0.69$0.75$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.82$0.35$1.47$0.60$0.77$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.88$0.25$1.63$0.58$0.64$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.25$1.69$0.55$0.64$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.27$1.78$0.51$0.59$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.59$1.86$0.51$0.56$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.28$0.37$1.91$0.48$0.50$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.98$0.05$1.93$0.52$0.48$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.05$1.89$0.45$0.45$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.04$1.89$0.45$0.44$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.04$1.88$0.41$0.43$0.02
2014Summary only. Only limited summary data is available for this year.$1.94$0.04$1.90$0.38$0.43$0.05
2013Summary only. Only limited summary data is available for this year.$2.01$0.06$1.95$0.39$0.40$0.00
2012Summary only. Only limited summary data is available for this year.$2.07$0.12$1.95$0.37$0.39$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 8, 2025
Return Version
2024v5.2
Gross Receipts
$687,225
Mission and Program Overview

Mission

To provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,669,848$1,585,860▼ $83,988
Savings and Temporary Cash Investments$100,027$145,805▲ $45,778
Cash and Non-Interest-Bearing Accounts$24,570$28,044▲ $3,474
Accounts Receivable$5,743$8,052▲ $2,309
Prepaid Expenses and Deferred Charges$8,199$7,846▼ $353
Total Assets$1,816,180$1,775,607▼ $40,573
Other Assets Total$7,793$0▼ $7,793
Liabilities
Other Liabilities$340,239$358,615▲ $18,376
Accounts Payable and Accrued Expenses$4,570$14,375▲ $9,805
Deferred Revenue$5,631$1,778▼ $3,853
Total Liabilities$350,440$374,768▲ $24,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,465,740$1,400,839▼ $64,901
Total Net Assets Fund Balance$1,465,740$1,400,839▼ $64,901
Total Liabilities and Net Assets / Fund Balance$1,816,180$1,775,607▼ $40,573

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,202,108$2,038,994$3,241,102
Equipment$162,916$516,561$679,477
Land$220,836-$220,836
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michelle ParkerSecretary/treas$142,701$142,701
Katherine FlemingVice President$46,064$46,064
Blanca CastillejaPresident$24,128$24,128

Board Members and Trustees

NameTitle
Charlottee AyresDirector
Maribel Del CamposDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$179,476
Program Service Revenue
$504,777
Investment Income
$2,972
Other Revenue
$0
Change in Net Assets
$-64,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$555,669
Salaries, Compensation, and Employee Benefits$196,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$262,367--$262,367
Other Salaries and Wages$153,612--$153,612
Depreciation Depletion$148,116--$148,116
Fees for Services Management-$54,432-$54,432
Other Employee Benefits$31,804--$31,804
Office Expenses$20,014--$20,014
Fees for Services Accounting-$14,786-$14,786
Payroll Taxes$11,041--$11,041
Information Technology$10,478--$10,478
Fees for Services Legal-$7,305-$7,305
Other Expenses$3,498--$3,498
Conferences and Meetings-$1,950-$1,950
All Other Expenses$803--$803
Advertising$745--$745
Insurance$507--$507
Total Functional Expenses$673,653$78,473$0$752,126
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
Note Payable - Eah$319,515
Tenant Security Deposits$37,171
Payable to Affiliate$1,929
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 3

Line 3 explanation - the project is managed by eah inc., a nonprofit public benefit corporation related to the corporation by common members of the board of directors and/or the power to appoint directors. Eah is responsible for the day to day operations of the low income housing project, including maintenance of accounting records, rent collection, facility maintenance, etc.

Form 990, Part VI, Section A, Line 7A

Line 7a explanation - no more than three directors shall be appointed by eah. Two directors shall be appointed by the floral gardens residents council or such other organization that eah and hud deem to legitimately represent resident concerns.

Form 990, Part VI, Section A, Line 8B

Line 8 explanation - there are no subcommittees of the board of directors.

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

Line 11b explanation - the management agent reviews the form 990 before it is presented to the board member for signature.

Form 990, Part VI, Section B, Line 15

The corporation does not pay compensation, either as an employee or independent contractor, to anyone. All three of the corporation's officers are compensated employees of eah inc., a related 501(c)(3) exempt organization. Their salaries from eah inc. Are subject to annual review by eah inc.'s compensation committee, a sub-committee of the board of directors.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Floral Gardens Apartments Inc
EIN
68-0371265
Phone
4152581800
Address
22 PELICAN WAY, SAN RAFAEL, CA 94901

Signing Officer

Name
Katherine Fleming
Title
Vice President
Phone
4152581800
Signed
2025-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blanca Castilleja
Formed
1995
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Aprio Advisory Group LLC
Address
3488 NORTH VALDOSTA ROAD, VALDOSTA, GA 31604-2241
Preparer
James W Godbee Jr
Phone
2292456040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation has been granted tax-exempt status by the internal revenue service under code section 501(c)(3) and by the california franchise tax board under code section 23701(d). The corporation believes that it does not have any uncertain tax positions that are material to the financial statements. The federal and state tax returns for the years ending march 31, 2024, 2023, 2022, and 2021 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for the federal and state returns, respectively.

Raw XML AppendixShowing 400 of 1,072 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.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - EAH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3) AND BY THE CALIFORNIA FRANCHISE TAX BOARD UNDER CODE SECTION 23701(D). THE CORPORATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE TAX RETURNS FOR THE YEARS ENDING MARCH 31, 2024, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR THE FEDERAL AND STATE RETURNS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0358615
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BLANCA CASTILLEJA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt046064
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt124128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0308570
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1151972
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A COMPENSATION COMMITTEE IS USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO/CFO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 3 EXPLANATION - THE PROJECT IS MANAGED BY EAH INC., A NONPROFIT PUBLIC BENEFIT CORPORATION RELATED TO THE CORPORATION BY COMMON MEMBERS OF THE BOARD OF DIRECTORS AND/OR THE POWER TO APPOINT DIRECTORS. EAH IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW INCOME HOUSING PROJECT, INCLUDING MAINTENANCE OF ACCOUNTING RECORDS, RENT COLLECTION, FACILITY MAINTENANCE, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 7A EXPLANATION - NO MORE THAN THREE DIRECTORS SHALL BE APPOINTED BY EAH. TWO DIRECTORS SHALL BE APPOINTED BY THE FLORAL GARDENS RESIDENTS COUNCIL OR SUCH OTHER ORGANIZATION THAT EAH AND HUD DEEM TO LEGITIMATELY REPRESENT RESIDENT CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 8 EXPLANATION - THERE ARE NO SUBCOMMITTEES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 11B EXPLANATION - THE MANAGEMENT AGENT REVIEWS THE FORM 990 BEFORE IT IS PRESENTED TO THE BOARD MEMBER FOR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION DOES NOT PAY COMPENSATION, EITHER AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR, TO ANYONE. ALL THREE OF THE CORPORATION'S OFFICERS ARE COMPENSATED EMPLOYEES OF EAH INC., A RELATED 501(C)(3) EXEMPT ORGANIZATION. THEIR SALARIES FROM EAH INC. ARE SUBJECT TO ANNUAL REVIEW BY EAH INC.'S COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C

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