Civic Intelligence

Grace Tower Inc.

990 • Fiscal year 2019 • EIN 95-2461674

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

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

70th percentile

0.49x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

5.54x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

8.9%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$29,425,011

Up $255,469 (+0.9%) from 2018

Net Assets

Up

$15,004,687

Up $424,480 (+2.9%) from 2018

Liabilities

Down

$14,420,324

Down $169,011 (-1.2%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin76th percentile

Revenue

Up

$2,603,106

Up $213,299 (+8.9%) from 2018

Expenses

Up

$2,178,626

Up $225,639 (+12%) from 2018

Net Income

Down

$424,480

Down $12,340 (-2.8%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2019

Assets$29,425,011
Liabilities$14,420,324
Net Assets$15,004,687
Open 2019 Filing

Operations Trend

Revenue Growth65th 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

2019

Revenue$2,603,106
Expenses$2,178,626
Net Income$424,480
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.0
Gross Receipts
$2,603,106
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$13,524,782$13,133,447▼ $391,335
Other Notes and Loans Receivable, Net$8,876,448$8,905,063▲ $28,615
Savings and Temporary Cash Investments$4,773,770$5,038,979▲ $265,209
Investments in Publicly Traded Securities-$714,608-
Intangible Assets$486,863$487,788▲ $925
Cash and Non-Interest-Bearing Accounts$128,878$208,434▲ $79,556
Prepaid Expenses and Deferred Charges$118,427$115,129▼ $3,298
Accounts Receivable$580$13,679▲ $13,099
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$29,169,542$29,425,011▲ $255,469
Other Assets Total$1,259,794$807,884▼ $451,910
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,382,788$14,221,301▼ $161,487
Accounts Payable and Accrued Expenses$131,873$124,608▼ $7,265
Other Liabilities$74,674$74,415▼ $259
Total Liabilities$14,589,335$14,420,324▼ $169,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,580,207$15,004,687▲ $424,480
Total Net Assets Fund Balance$14,580,207$15,004,687▲ $424,480
Total Liabilities and Net Assets / Fund Balance$29,169,542$29,425,011▲ $255,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,904,968$3,368,277$16,273,245
Land$197,793-$197,793
Equipment$27,839$140,878$168,717
Other Land Buildings$2,847$24,957$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/CFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Falkenberggilliam & AssocManagement1560 COLORADO BLVD, Pasadena, CA 91105$173,850
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,445,239
Investment Income
$157,867
Other Revenue
$0
Change in Net Assets
$424,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,536,797
Revenue Not Reported on Financial Statements
$66,309
Other Revenue Adjustments
$66,309
Total Revenue per Audited Statements
$2,536,797
Total Revenue per Form 990
$2,603,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,768,281
Salaries, Compensation, and Employee Benefits$410,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$597,230--$597,230
Depreciation Depletion$404,535--$404,535
Other Salaries and Wages$180,933$144,194-$325,127
Fees for Services Management-$157,722-$157,722
Insurance$108,168--$108,168
Other Employee Benefits$33,167$26,432-$59,599
Fees for Services Other-$41,330-$41,330
Payroll Taxes$14,257$11,362-$25,619
Office Expenses-$17,747-$17,747
Other Expenses$1,977$12,935-$14,912
All Other Expenses-$12,928-$12,928
Advertising-$542-$542
Total Functional Expenses$1,703,434$475,192$0$2,178,626

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,178,626
Expenses per Audited Statements$2,174,838
Total Expenses per Audited Statements$2,174,838
Expenses Not Reported on Financial Statements$3,788
Other Expense Adjustments$3,788
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
Tenant Security Deposit Liability$74,415
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
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
2020-06-29
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
Jenny Kikuno
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, 2019, 2018, 2017, and 2016 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 $66309”

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

“UNAUDITED EXPENSES $3788”

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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/OfficeExpensesGrp/TotalAmt017747
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0807884
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026432
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033167
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059599
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ENTITY EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112935
IRS990/OtherExpensesGrp/ProgramServicesAmt0205642
IRS990/OtherExpensesGrp/ProgramServicesAmt1157525
IRS990/OtherExpensesGrp/ProgramServicesAmt21977
IRS990/OtherExpensesGrp/TotalAmt0205642
IRS990/OtherExpensesGrp/TotalAmt1157525
IRS990/OtherExpensesGrp/TotalAmt250000
IRS990/OtherExpensesGrp/TotalAmt314912
IRS990/OtherLiabilitiesGrp/BOYAmt074674
IRS990/OtherLiabilitiesGrp/EOYAmt074415
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0144194
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180933
IRS990/OtherSalariesAndWagesGrp/TotalAmt0325127
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08876448
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08905063
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011362
IRS990/PayrollTaxesGrp/ProgramServicesAmt014257
IRS990/PayrollTaxesGrp/TotalAmt025619
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0118427
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0115129
IRS990/PrincipalOfficerNm0EMIL J WOHL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172179
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22369132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22369132
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt068620
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01535117
IRS990/PYProgramServiceRevenueAmt02321187
IRS990/PYRevenuesLessExpensesAmt0436820
IRS990/PYSalariesCompEmpBnftPaidAmt0417870
IRS990/PYTotalExpensesAmt01952987
IRS990/PYTotalRevenueAmt02389807
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0424480
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02445239
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04773770
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05038979
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0157867
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt068620
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt045611
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt043328
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043925
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0359351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02445239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02321187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02293817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02110116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01489107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010659466
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0157867
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt068620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt045611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt043328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0359351
IRS990ScheduleA/InvestmentIncomeCYPct00.03260
IRS990ScheduleA/InvestmentIncomePYPct00.02630
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96740
IRS990ScheduleA/PublicSupportPY509Pct00.97370
IRS990ScheduleA/PublicSupportTotal509Amt010659466
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02445239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02321187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02293817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02110116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01489107
IRS990ScheduleA/Total509Grp/TotalAmt010659466
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02603106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02389807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02339428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02153444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01533032
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011018817
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt012904968
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03368277
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016273245
IRS990ScheduleD/EquipmentGrp/BookValueAmt027839
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140878
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168717
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03788
IRS990ScheduleD/ExpensesSubtotalAmt02174838
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0197793
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197793
IRS990ScheduleD/OtherExpensesNotIncludedAmt03788
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02847
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024957
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt066309
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt066309
IRS990ScheduleD/RevenueSubtotalAmt02536797
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, 2019, 2018, 2017, and 2016 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 $66309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNAUDITED EXPENSES $3788
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/TotalBookValueLandBuildingsAmt013133447
IRS990ScheduleD/TotalExpensesPerForm990Amt02178626
IRS990ScheduleD/TotalLiabilityAmt074415
IRS990ScheduleD/TotalRevenuePerForm990Amt02603106
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02536797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02174838
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.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII FINANCIAL STATEMENTS AND REPORTING
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,425,011
Liabilities
$14,420,324
Net assets
$15,004,687
Revenue
$2,603,106
Expenses
$2,178,626
Net income
$424,480
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