Civic Intelligence

Grace Tower Inc.

990 • Fiscal year 2016 • EIN 95-2461674

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
PO Box 7070Pasadena, CA 91109

(323) 258-3512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.50x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

6.23x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

91st percentile

44%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

97th percentile

82%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

40%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$27,028,088

Up $12,172,633 (+82%) from 2015

Net Assets

Up

$13,617,355

Up $955,874 (+7.5%) from 2015

Liabilities

Up

$13,410,733

Up $11,216,759 (+511%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin91st percentile

Revenue

Up

$2,153,444

Up $620,412 (+40%) from 2015

Expenses

Up

$1,197,570

Up $193,319 (+19%) from 2015

Net Income

Up

$955,874

Up $427,093 (+81%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$40M$30M$20M$10M$0Assets 2011: $12,570,277Liabilities 2011: $520,456Net Assets 2011: $12,049,8212011Assets 2012: $12,473,349Liabilities 2012: $425,244Net Assets 2012: $12,048,1052012Assets 2013: $12,474,596Liabilities 2013: $365,342Net Assets 2013: $12,109,2542013Assets 2014: $12,423,061Liabilities 2014: $290,361Net Assets 2014: $12,132,7002014Assets 2015: $14,855,455Liabilities 2015: $2,193,974Net Assets 2015: $12,661,4812015Assets 2016: $27,028,088Liabilities 2016: $13,410,733Net Assets 2016: $13,617,3552016Assets 2017: $25,932,969Liabilities 2017: $11,789,582Net Assets 2017: $14,143,3872017Assets 2018: $29,169,542Liabilities 2018: $14,589,335Net Assets 2018: $14,580,2072018Assets 2019: $29,425,011Liabilities 2019: $14,420,324Net Assets 2019: $15,004,6872019Assets 2020: $30,366,955Liabilities 2020: $14,269,079Net Assets 2020: $16,097,8762020Assets 2021: $32,129,114Liabilities 2021: $14,045,332Net Assets 2021: $18,083,7822021Assets 2022: $33,970,858Liabilities 2022: $13,822,024Net Assets 2022: $20,148,8342022Assets 2023: $36,630,423Liabilities 2023: $13,605,023Net Assets 2023: $23,025,4002023Assets 2024: $39,627,989Liabilities 2024: $13,434,379Net Assets 2024: $26,193,6102024

Highlighted filing

2016

Assets$27,028,088
Liabilities$13,410,733
Net Assets$13,617,355
Open 2016 Filing

Operations Trend

Revenue Growth90th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,020,682Expenses 2011: $899,333Net Income 2011: $121,3492011Revenue 2012: $1,018,180Expenses 2012: $1,019,896Net Income 2012: -$1,7162012Revenue 2013: $1,030,903Expenses 2013: $969,754Net Income 2013: $61,1492013Revenue 2014: $1,063,615Expenses 2014: $1,040,169Net Income 2014: $23,4462014Revenue 2015: $1,533,032Expenses 2015: $1,004,251Net Income 2015: $528,7812015Revenue 2016: $2,153,444Expenses 2016: $1,197,570Net Income 2016: $955,8742016Revenue 2017: $2,339,428Expenses 2017: $1,813,396Net Income 2017: $526,0322017Revenue 2018: $2,389,807Expenses 2018: $1,952,987Net Income 2018: $436,8202018Revenue 2019: $2,603,106Expenses 2019: $2,178,626Net Income 2019: $424,4802019Revenue 2020: $3,203,808Expenses 2020: $2,110,619Net Income 2020: $1,093,1892020Revenue 2021: $4,060,490Expenses 2021: $2,074,584Net Income 2021: $1,985,9062021Revenue 2022: $4,208,003Expenses 2022: $2,142,951Net Income 2022: $2,065,0522022Revenue 2023: $5,139,045Expenses 2023: $2,241,952Net Income 2023: $2,897,0932023Revenue 2024: $5,544,291Expenses 2024: $2,324,826Net Income 2024: $3,219,4652024

Highlighted filing

2016

Revenue$2,153,444
Expenses$1,197,570
Net Income$955,874
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,153,444
Mission and Program Overview

Mission

To operate an apartment complex of 168 units to provide low-income housing for elderly tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,662,285$8,654,180▼ $8,105
Land, Buildings, and Equipment, Net$1,356,967$1,275,216▼ $81,751
Accounts Receivable$970,043$670,042▼ $300,001
Savings and Temporary Cash Investments$770,000$660,001▼ $109,999
Intangible Assets-$393,724-
Cash and Non-Interest-Bearing Accounts$230,228$198,133▼ $32,095
Prepaid Expenses and Deferred Charges$112,345$121,434▲ $9,089
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-
Inventories for Sale or Use-$0-
Total Assets$14,855,455$27,028,088▲ $12,172,633
Other Assets Total$2,753,587$15,055,358▲ $12,301,771
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,040,556$8,310,896▲ $6,270,340
Accounts Payable and Accrued Expenses$68,842$2,838,275▲ $2,769,433
Other Liabilities$84,576$2,261,562▲ $2,176,986
Total Liabilities$2,193,974$13,410,733▲ $11,216,759
Net Assets / Fund Balance
Unrestricted Net Assets$11,974,763$12,930,637▲ $955,874
Temporarily Rstr Net Assets$686,718$686,718→ $0
Total Net Assets Fund Balance$12,661,481$13,617,355▲ $955,874
Total Liabilities and Net Assets / Fund Balance$14,855,455$27,028,088▲ $12,172,633

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,064,681$2,277,742$3,342,423
Land$197,793-$197,793
Other Land Buildings$12,742$52,389$65,131
Other Assets Org$576,033--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Emil J WohlPresident
Al DeberardinisDirector
Drew HubbellDirector
James a ChatfieldDirector
John DaviesDirector
Michael GibsonDirector
Robert L RenttoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,110,116
Investment Income
$43,328
Other Revenue
$0
Change in Net Assets
$955,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,110,119
Revenue Not Reported on Financial Statements
$43,325
Other Revenue Adjustments
$43,325
Total Revenue per Audited Statements
$2,110,119
Total Revenue per Form 990
$2,153,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$749,900
Salaries, Compensation, and Employee Benefits$447,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$169,492$180,273-$349,765
Fees for Services Management-$172,441-$172,441
Insurance$107,231--$107,231
Depreciation Depletion$82,573--$82,573
Other Employee Benefits$35,445$38,399-$73,844
All Other Expenses$18,300$21,237-$39,537
Fees for Services Accounting-$26,583-$26,583
Payroll Taxes$11,549$12,512-$24,061
Office Expenses-$13,704-$13,704
Other Expenses$12,771--$12,771
Interest$4,142--$4,142
Conferences and Meetings-$2,818-$2,818
Fees for Services Legal-$157-$157
Total Functional Expenses$729,446$468,124$0$1,197,570

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,198,004
Expenses per Audited Statements$1,197,570
Total Expenses per Form 990$1,197,570
Expenses Not Reported on Form 990$434
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
Related Party Payable$2,131,318
Tenant Security Deposit Liability$77,166
Accrued Interest Payable$53,078
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Emil j. Wohl (president) is the son-in-law of robert l. Rentto (secretary).”

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The organization delegated accounting and payroll duties to a management company”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of the return is sent to the board of directors by email for review prior to the president signature and filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies, and financial statements are made available upon request to the management office as listed on page 1”

Filing and Contact Details

Filer

Filer Name
Grace Tower Inc
EIN
95-2461674
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109

Signing Officer

Name
Emil J Wohl
Title
President
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emil J Wohl
Formed
1967
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Steven W Northcote
Phone
6192947200
Supplemental Narrative

Additional Explanations

Part XII Financial Statements and Reporting

“The organization is not audited as a whole. The housing project, f.h.a. Project no. 129-35122, is the audited portion of the organization.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2016, 2015, 2014, and 2013 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Unaudited interest income $43325”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Book to tax difference $434”

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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/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013704
IRS990/OfficeExpensesGrp/TotalAmt013704
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02753587
IRS990/OtherAssetsTotalGrp/EOYAmt015055358
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038399
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035445
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073844
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0178581
IRS990/OtherExpensesGrp/ProgramServicesAmt169314
IRS990/OtherExpensesGrp/ProgramServicesAmt240048
IRS990/OtherExpensesGrp/ProgramServicesAmt312771
IRS990/OtherExpensesGrp/TotalAmt0178581
IRS990/OtherExpensesGrp/TotalAmt169314
IRS990/OtherExpensesGrp/TotalAmt240048
IRS990/OtherExpensesGrp/TotalAmt312771
IRS990/OtherLiabilitiesGrp/BOYAmt084576
IRS990/OtherLiabilitiesGrp/EOYAmt02261562
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0180273
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0169492
IRS990/OtherSalariesAndWagesGrp/TotalAmt0349765
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08662285
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08654180
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012512
IRS990/PayrollTaxesGrp/ProgramServicesAmt011549
IRS990/PayrollTaxesGrp/TotalAmt024061
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0112345
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0121434
IRS990/PrincipalOfficerNm0EMIL J WOHL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03468
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12106648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03468
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12106648
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt043925
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0665298
IRS990/PYProgramServiceRevenueAmt01489107
IRS990/PYRevenuesLessExpensesAmt0528781
IRS990/PYSalariesCompEmpBnftPaidAmt0338953
IRS990/PYTotalExpensesAmt01004251
IRS990/PYTotalRevenueAmt01533032
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0955874
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02110116
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0770000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0660001
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt043328
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt043925
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt048097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt048125
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt047748
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0231223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02110116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01489107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01015518
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0982778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0970432
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06567951
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt043328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt048097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt048125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047748
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0231223
IRS990ScheduleA/InvestmentIncomeCYPct00.03400
IRS990ScheduleA/InvestmentIncomePYPct00.04170
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96600
IRS990ScheduleA/PublicSupportPY509Pct00.95830
IRS990ScheduleA/PublicSupportTotal509Amt06567951
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02110116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01489107
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01015518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0982778
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0970432
IRS990ScheduleA/Total509Grp/TotalAmt06567951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02153444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01533032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01063615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01030903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01018180
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06799174
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01064681
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02277742
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03342423
IRS990ScheduleD/ExpensesNotReportedAmt0434
IRS990ScheduleD/ExpensesSubtotalAmt01197570
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0197793
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197793
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012824258
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11655067
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2576033
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVE
IRS990ScheduleD/OtherExpensesIncludedAmt0434
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012742
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052389
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12131318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt277166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt043325
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt043325
IRS990ScheduleD/RevenueSubtotalAmt02110119
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2016, 2015, 2014, and 2013 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNAUDITED INTEREST INCOME $43325
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK TO TAX DIFFERENCE $434
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01275216
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015055358
IRS990ScheduleD/TotalExpensesPerForm990Amt01197570
IRS990ScheduleD/TotalLiabilityAmt02261562
IRS990ScheduleD/TotalRevenuePerForm990Amt02153444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02110119
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01198004
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMIL J. WOHL (PRESIDENT) IS THE SON-IN-LAW OF ROBERT L. RENTTO (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED ACCOUNTING AND PAYROLL DUTIES TO A MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS SENT TO THE BOARD OF DIRECTORS BY EMAIL FOR REVIEW PRIOR TO THE PRESIDENT SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE MANAGEMENT OFFICE AS LISTED ON PAGE 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS NOT AUDITED AS A WHOLE. THE HOUSING PROJECT, F.H.A. PROJECT NO. 129-35122, IS THE AUDITED PORTION OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,028,088
Liabilities
$13,410,733
Net assets
$13,617,355
Revenue
$2,153,444
Expenses
$1,197,570
Net income
$955,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$13.4$26.2$5.54$2.32$3.22
2023Detailed filing. Detailed filing data is available for this year.$36.6$13.6$23.0$5.14$2.24$2.90
2022Detailed filing. Detailed filing data is available for this year.$34.0$13.8$20.1$4.21$2.14$2.07
2021Detailed filing. Detailed filing data is available for this year.$32.1$14.0$18.1$4.06$2.07$1.99
2020Detailed filing. Detailed filing data is available for this year.$30.4$14.3$16.1$3.20$2.11$1.09
2019Detailed filing. Detailed filing data is available for this year.$29.4$14.4$15.0$2.60$2.18$0.42
2018Detailed filing. Detailed filing data is available for this year.$29.2$14.6$14.6$2.39$1.95$0.44
2017Detailed filing. Detailed filing data is available for this year.$25.9$11.8$14.1$2.34$1.81$0.53
2016Detailed filing. Detailed filing data is available for this year.$27.0$13.4$13.6$2.15$1.20$0.96
2015Detailed filing. Detailed filing data is available for this year.$14.9$2.19$12.7$1.53$1.00$0.53
2014Detailed filing. Detailed filing data is available for this year.$12.4$0.29$12.1$1.06$1.04$0.02
2013Detailed filing. Detailed filing data is available for this year.$12.5$0.37$12.1$1.03$0.97$0.06
2012Summary only. Only limited summary data is available for this year.$12.5$0.43$12.0$1.02$1.02$0.00
2011Summary only. Only limited summary data is available for this year.$12.6$0.52$12.0$1.02$0.90$0.12