Civic Intelligence

Grace Tower Inc.

990 • Fiscal year 2017 • EIN 95-2461674

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

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

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

5.04x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

15th percentile

-4.1%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

8.6%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$25,932,969

Down $1,095,119 (-4.1%) from 2016

Net Assets

Up

$14,143,387

Up $526,032 (+3.9%) from 2016

Liabilities

Down

$11,789,582

Down $1,621,151 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin80th percentile

Revenue

Up

$2,339,428

Up $185,984 (+8.6%) from 2016

Expenses

Up

$1,813,396

Up $615,826 (+51%) from 2016

Net Income

Down

$526,032

Down $429,842 (-45%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2017

Assets$25,932,969
Liabilities$11,789,582
Net Assets$14,143,387
Open 2017 Filing

Operations Trend

Revenue Growth61st 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

2017

Revenue$2,339,428
Expenses$1,813,396
Net Income$526,032
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.2
Gross Receipts
$2,339,428
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
Land, Buildings, and Equipment, Net$1,275,216$13,933,088▲ $12,657,872
Other Notes and Loans Receivable, Net$8,654,180$8,824,272▲ $170,092
Savings and Temporary Cash Investments$660,001$1,444,862▲ $784,861
Accounts Receivable$670,042$0▼ $670,042
Intangible Assets$393,724$383,860▼ $9,864
Cash and Non-Interest-Bearing Accounts$198,133$104,302▼ $93,831
Prepaid Expenses and Deferred Charges$121,434$103,380▼ $18,054
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$27,028,088$25,932,969▼ $1,095,119
Other Assets Total$15,055,358$1,139,205▼ $13,916,153
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,310,896$9,629,524▲ $1,318,628
Other Liabilities$2,261,562$2,086,553▼ $175,009
Accounts Payable and Accrued Expenses$2,838,275$73,505▼ $2,764,770
Total Liabilities$13,410,733$11,789,582▼ $1,621,151
Net Assets / Fund Balance
Unrestricted Net Assets$12,930,637$13,737,882▲ $807,245
Temporarily Rstr Net Assets$686,718$405,505▼ $281,213
Total Net Assets Fund Balance$13,617,355$14,143,387▲ $526,032
Total Liabilities and Net Assets / Fund Balance$27,028,088$25,932,969▼ $1,095,119

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,693,753$2,579,492$16,273,245
Land$197,793-$197,793
Equipment$36,873$131,844$168,717
Other Land Buildings$4,669$23,135$27,804
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Emil J WohlPresident
Al DeberardinisDirector
Drew HubbellDirector
James a ChatfieldDirector
Michael GibsonDirector
Robert L RenttoSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Falkenberggilliam & AssocManagement1560 COLORADO BLVD, Pasadena, CA 91105$152,936
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,293,817
Investment Income
$45,611
Other Revenue
$0
Change in Net Assets
$526,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,294,248
Revenue Not Reported on Financial Statements
$45,180
Other Revenue Adjustments
$45,180
Total Revenue per Audited Statements
$2,294,248
Total Revenue per Form 990
$2,339,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,417,307
Salaries, Compensation, and Employee Benefits$396,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$414,204--$414,204
Interest$359,454--$359,454
Other Salaries and Wages$164,280$135,785-$300,065
Fees for Services Management-$152,936-$152,936
Insurance$99,274--$99,274
Other Employee Benefits$39,248$32,440-$71,688
Office Expenses-$28,849-$28,849
All Other Expenses$11,221$15,294-$26,515
Payroll Taxes$13,324$11,012-$24,336
Fees for Services Accounting-$24,030-$24,030
Other Expenses$15,845--$15,845
Conferences and Meetings-$4,663-$4,663
Advertising-$250-$250
Fees for Services Legal-$100-$100
Total Functional Expenses$1,408,037$405,359$0$1,813,396

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,813,396
Expenses per Audited Statements$1,813,321
Total Expenses per Audited Statements$1,813,321
Expenses Not Reported on Financial Statements$75
Other Expense Adjustments$75
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$1,977,987
Tenant Security Deposit Liability$77,154
Accrued Interest Payable$31,412
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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 obtaining the president's 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
2018-11-05
Discuss with paid preparer
Yes

Organization Details

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

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, 2017, 2016, 2015, and 2014 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 $45180”

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

“Unaudited misc expense $75”

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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/MortgNotesPyblScrdInvstPropGrp/EOYAmt09629524
IRS990/NetAssetsOrFundBalancesBOYAmt013617355
IRS990/NetAssetsOrFundBalancesEOYAmt014143387
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028849
IRS990/OfficeExpensesGrp/TotalAmt028849
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt015055358
IRS990/OtherAssetsTotalGrp/EOYAmt01139205
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032440
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039248
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071688
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3TRASH
IRS990/OtherExpensesGrp/ProgramServicesAmt0180220
IRS990/OtherExpensesGrp/ProgramServicesAmt194269
IRS990/OtherExpensesGrp/ProgramServicesAmt216698
IRS990/OtherExpensesGrp/ProgramServicesAmt315845
IRS990/OtherExpensesGrp/TotalAmt0180220
IRS990/OtherExpensesGrp/TotalAmt194269
IRS990/OtherExpensesGrp/TotalAmt216698
IRS990/OtherExpensesGrp/TotalAmt315845
IRS990/OtherLiabilitiesGrp/BOYAmt02261562
IRS990/OtherLiabilitiesGrp/EOYAmt02086553
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0135785
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0164280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300065
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08654180
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08824272
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011012
IRS990/PayrollTaxesGrp/ProgramServicesAmt013324
IRS990/PayrollTaxesGrp/TotalAmt024336
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121434
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0103380
IRS990/PrincipalOfficerNm0EMIL J WOHL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2TENANT ASSISTANCE PAYMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1824390
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21465319
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1824390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21465319
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt043328
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0749900
IRS990/PYProgramServiceRevenueAmt02110116
IRS990/PYRevenuesLessExpensesAmt0955874
IRS990/PYSalariesCompEmpBnftPaidAmt0447670
IRS990/PYTotalExpensesAmt01197570
IRS990/PYTotalRevenueAmt02153444
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0526032
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02293817
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0660001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01444862
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01465319
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01287574
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0561834
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt089920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt064804
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03469451
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045611
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt043328
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043925
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt048097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048125
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0229086
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0828498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0822542
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0927273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0925598
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0917974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04421885
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt048097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0229086
IRS990ScheduleA/InvestmentIncomeCYPct00.02820
IRS990ScheduleA/InvestmentIncomePYPct00.03400
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97180
IRS990ScheduleA/PublicSupportPY509Pct00.96600
IRS990ScheduleA/PublicSupportTotal509Amt07891336
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02293817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02110116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01489107
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01015518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0982778
IRS990ScheduleA/Total509Grp/TotalAmt07891336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02339428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02153444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01533032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01063615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01030903
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08120422
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013693753
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02579492
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016273245
IRS990ScheduleD/EquipmentGrp/BookValueAmt036873
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131844
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168717
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt075
IRS990ScheduleD/ExpensesSubtotalAmt01813321
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0197793
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197793
IRS990ScheduleD/OtherExpensesNotIncludedAmt075
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04669
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023135
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11977987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt277154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt045180
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045180
IRS990ScheduleD/RevenueSubtotalAmt02294248
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, 2017, 2016, 2015, and 2014 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 $45180
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNAUDITED MISC EXPENSE $75
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 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013933088
IRS990ScheduleD/TotalExpensesPerForm990Amt01813396
IRS990ScheduleD/TotalLiabilityAmt02086553
IRS990ScheduleD/TotalRevenuePerForm990Amt02339428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02294248
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01813321
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 OBTAINING THE PRESIDENT'S SIGNATURE AND FILING.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,932,969
Liabilities
$11,789,582
Net assets
$14,143,387
Revenue
$2,339,428
Expenses
$1,813,396
Net income
$526,032
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