Civic Intelligence

Art Space Development Corporation

EIN 94-2832487 • 501(c)3 • San Francisco, CA

Profile

Provide affordable space for san francisco bay area artists to work and live.

PO Box 590603San Francisco, CA 94159-0603
Siviq Scores

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

Liabilities / Assets

96th percentile

1.37x

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

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

Liabilities / Revenue

98th percentile

5.28x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

16th percentile

-20%

Higher net margin than 16% 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

24th percentile

-7.3%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

39th percentile

0.0%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$843,762

Down $66,355 (-7.3%) from 2023

Liabilities

Down

$1,159,263

Down $22,456 (-1.9%) from 2023

Net Assets

Down

-$315,501

Down $43,899 (-16%) from 2023

Revenue

Flat

$219,365

Flat from 2023

Expenses

Down

$263,453

Down $35,051 (-12%) from 2023

Net Income

Up

-$44,088

Up $35,051 (+44%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $1,114,042Liabilities 2014: $1,081,488Net Assets 2014: $32,5542014Assets 2017: $1,226,336Liabilities 2017: $1,278,843Net Assets 2017: -$52,5072017Assets 2018: $1,202,940Liabilities 2018: $1,229,819Net Assets 2018: -$26,8792018Assets 2020: $1,101,058Liabilities 2020: $1,185,387Net Assets 2020: -$84,3292020Assets 2021: $1,078,540Liabilities 2021: $1,177,743Net Assets 2021: -$99,2032021Assets 2022: $990,000Liabilities 2022: $1,182,463Net Assets 2022: -$192,4632022Assets 2023: $910,117Liabilities 2023: $1,181,719Net Assets 2023: -$271,6022023Assets 2024: $843,762Liabilities 2024: $1,159,263Net Assets 2024: -$315,5012024

Highlighted filing

2024

Assets$843,762
Liabilities$1,159,263
Net Assets-$315,501

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $101,506Expenses 2014: $99,139Net Income 2014: $2,3672014Revenue 2017: $205,058Expenses 2017: $212,855Net Income 2017: -$7,7972017Revenue 2018: $263,880Expenses 2018: $235,259Net Income 2018: $28,6212018Revenue 2020: $181,374Expenses 2020: $235,776Net Income 2020: -$54,4022020Revenue 2021: $209,140Expenses 2021: $224,014Net Income 2021: -$14,8742021Revenue 2022: $202,993Expenses 2022: $296,253Net Income 2022: -$93,2602022Revenue 2023: $219,365Expenses 2023: $298,504Net Income 2023: -$79,1392023Revenue 2024: $219,365Expenses 2024: $263,453Net Income 2024: -$44,0882024

Highlighted filing

2024

Revenue$219,365
Expenses$263,453
Net Income-$44,088

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.1
Gross Receipts
$219,365
Mission and Program Overview

Mission

Provide affordable space for san francisco bay area artists to work and live.

Provide affordable space for san francisco bay area artists to work and live..

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$902,054$836,727▼ $65,327
Cash and Non-Interest-Bearing Accounts$8,063$7,035▼ $1,028
Total Assets$910,117$843,762▼ $66,355
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,095,277$1,085,111▼ $10,166
Unsecured Notes Loans Payable$45,018$37,154▼ $7,864
Accounts Payable and Accrued Expenses$41,424$36,998▼ $4,426
Total Liabilities$1,181,719$1,159,263▼ $22,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-271,602$-315,501▼ $43,899
Total Net Assets Fund Balance$-271,602$-315,501▼ $43,899
Total Liabilities and Net Assets / Fund Balance$910,117$843,762▼ $66,355

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$817,628$832,072-
Equipment$19,099--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John B WongPresident/exec Director
Martha SangerDirector
Stephen TaberDirector
Alma RobinsonSecretary
Mark BestTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$219,365
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-44,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$72,890--$72,890
Depreciation Depletion$65,324--$65,324
Fees for Services Management$38,250$12,750-$51,000
Interest$19,505--$19,505
Other Expenses$15,988$1,257-$15,988
Fees for Services Accounting$8,175$2,725-$10,900
Insurance$10,456--$10,456
All Other Expenses$5,014--$5,014
Information Technology$2,160$720-$2,880
Office Expenses$249$83-$332
Advertising$207$69-$276
Total Functional Expenses$245,184$18,269$0$263,453
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Filing and Contact Details

Filer

Filer Name
Art Space Development Corporation
EIN
94-2832487
In Care Of
% JOHN B WONG
Phone
4157934126
Address
PO BOX 590603, SAN FRANCISCO, CA 94159-0603

Signing Officer

Name
John B Wong
Title
President
Phone
4157934126
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John B Wong
Formed
2006
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Richard L Lee CPA
Address
1777 BOREL PLACE STE 305, SAN MATEO, CA 94402
Preparer
Richard L Lee
Phone
6503438041
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 11B

The form 990 is presented to all board members for approval.

Raw XML Appendix357 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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IRS990/TotalProgramServiceRevenueAmt0219365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0219365
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0910117
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0843762
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt045018
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt037154
IRS990/USAddress/AddressLine1Txt0PO BOX 590603
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094159
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN B WONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04157934126
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ART SPACE DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ARTS
ReturnHeader/Filer/EIN0942832487
ReturnHeader/Filer/InCareOfNm0% JOHN B WONG
ReturnHeader/Filer/PhoneNum04157934126
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 590603
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0941590603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260021913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD L LEE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01777 BOREL PLACE STE 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094402
ReturnHeader/PreparerPersonGrp/PhoneNum06503438041
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L LEE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-12T01:18:56-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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