Civic Intelligence

Grace Tower Inc.

990 • Fiscal year 2020 • EIN 95-2461674

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 09, 2021

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

68th percentile

0.47x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

4.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

38th percentile

3.2%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

23%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$30,366,955

Up $941,944 (+3.2%) from 2019

Net Assets

Up

$16,097,876

Up $1,093,189 (+7.3%) from 2019

Liabilities

Down

$14,269,079

Down $151,245 (-1.0%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin86th percentile

Revenue

Up

$3,203,808

Up $600,702 (+23%) from 2019

Expenses

Down

$2,110,619

Down $68,007 (-3.1%) from 2019

Net Income

Up

$1,093,189

Up $668,709 (+158%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2020

Assets$30,366,955
Liabilities$14,269,079
Net Assets$16,097,876
Open 2020 Filing

Operations Trend

Revenue Growth80th 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

2020

Revenue$3,203,808
Expenses$2,110,619
Net Income$1,093,189
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 9, 2021
Return Version
2020v4.0
Gross Receipts
$3,203,808
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$13,133,447$12,757,291▼ $376,156
Other Notes and Loans Receivable, Net$8,905,063$8,945,460▲ $40,397
Savings and Temporary Cash Investments$5,038,979$6,701,920▲ $1,662,941
Intangible Assets$487,788$474,588▼ $13,200
Investments in Publicly Traded Securities$714,608$274,973▼ $439,635
Cash and Non-Interest-Bearing Accounts$208,434$118,608▼ $89,826
Prepaid Expenses and Deferred Charges$115,129$116,798▲ $1,669
Accounts Receivable$13,679$9,669▼ $4,010
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$29,425,011$30,366,955▲ $941,944
Other Assets Total$807,884$967,648▲ $159,764
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,221,301$14,056,137▼ $165,164
Accounts Payable and Accrued Expenses$124,608$139,049▲ $14,441
Other Liabilities$74,415$73,893▼ $522
Total Liabilities$14,420,324$14,269,079▼ $151,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,004,687$16,097,876▲ $1,093,189
Total Net Assets Fund Balance$15,004,687$16,097,876▲ $1,093,189
Total Liabilities and Net Assets / Fund Balance$29,425,011$30,366,955▲ $941,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,533,673$3,739,572$16,273,245
Land$197,793-$197,793
Equipment$23,322$145,395$168,717
Other Land Buildings$2,503$25,301$27,804
Compensation and Service Providers
Top Officer Pay8th 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$172,481
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,041,494
Investment Income
$162,314
Other Revenue
$0
Change in Net Assets
$1,093,189

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,136,042
Revenue Not Reported on Financial Statements
$67,766
Other Revenue Adjustments
$67,766
Total Revenue per Audited Statements
$3,136,042
Total Revenue per Form 990
$3,203,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,700,088
Salaries, Compensation, and Employee Benefits$410,531
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$542,871--$542,871
Depreciation Depletion$389,356--$389,356
Other Salaries and Wages$173,092$154,608-$327,700
Fees for Services Management-$172,481-$172,481
Insurance$108,833--$108,833
Other Employee Benefits$30,666$27,391-$58,057
Fees for Services Other-$41,413-$41,413
Payroll Taxes$13,086$11,688-$24,774
Office Expenses-$14,284-$14,284
Other Expenses$12,138$6,876-$6,876
Advertising-$771-$771
All Other Expenses-$95-$95
Total Functional Expenses$1,671,385$439,234$0$2,110,619

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,110,619
Expenses per Audited Statements$2,110,524
Total Expenses per Audited Statements$2,110,524
Expenses Not Reported on Financial Statements$95
Other Expense Adjustments$95
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$73,893
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
2021-08-09
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
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, 2020, 2019, 2018, and 2017 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 $67766”

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

“UNAUDITED EXPENSES $95”

Raw XML AppendixShowing 400 of 529 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0124608
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0139049
IRS990/AccountsReceivableGrp/BOYAmt013679
IRS990/AccountsReceivableGrp/EOYAmt09669
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE AN APARTMENT COMPLEX OF 168 UNITS TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY TENANTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0771
IRS990/AdvertisingGrp/TotalAmt0771
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt095
IRS990/AllOtherExpensesGrp/TotalAmt095
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0FALKENBERGGILLIAM ASSOC
IRS990/BooksInCareOfDetail/PhoneNum03232583512
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01560 W COLORADO BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PASADENA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd091109
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0208434
IRS990/CashNonInterestBearingGrp/EOYAmt0118608
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0172481
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01560 COLORADO BLVD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PASADENA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd091105
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FALKENBERGGILLIAM & ASSOC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0162314
IRS990/CYOtherExpensesAmt01700088
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03041494
IRS990/CYRevenuesLessExpensesAmt01093189
IRS990/CYSalariesCompEmpBnftPaidAmt0410531
IRS990/CYTotalExpensesAmt02110619
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03203808
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0389356
IRS990/DepreciationDepletionGrp/TotalAmt0389356
IRS990/Desc0H.U.D. PROJECT #129-SH060 PROVIDES 168 UNITS OF RENTAL HOUSING TO LOW-INCOME ELDERLY TENANTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01671385
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0172481
IRS990/FeesForServicesManagementGrp/TotalAmt0172481
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt041413
IRS990/FeesForServicesOtherGrp/TotalAmt041413
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0EMIL J WOHL
IRS990/Form990PartVIISectionAGrp/PersonNm1AL DEBERARDINIS
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT L RENTTO
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES A CHATFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm5DREW HUBBELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03203808
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0108833
IRS990/InsuranceGrp/TotalAmt0108833
IRS990/IntangibleAssetsGrp/BOYAmt0487788
IRS990/IntangibleAssetsGrp/EOYAmt0474588
IRS990/InterestGrp/ProgramServicesAmt0542871
IRS990/InterestGrp/TotalAmt0542871
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0162314
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0162314
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0714608
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0274973
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03910268
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013133447
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012757291
IRS990/LandBldgEquipCostOrOtherBssAmt016667559
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE AN APARTMENT COMPLEX OF 168 UNITS TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY TENANTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014221301
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014056137
IRS990/NetAssetsOrFundBalancesBOYAmt015004687
IRS990/NetAssetsOrFundBalancesEOYAmt016097876
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015004687
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016097876
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014284
IRS990/OfficeExpensesGrp/TotalAmt014284
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0807884
IRS990/OtherAssetsTotalGrp/EOYAmt0967648
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027391
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030666
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058057
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3ADMIN RENT FREE UNIT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16876
IRS990/OtherExpensesGrp/ProgramServicesAmt0229325
IRS990/OtherExpensesGrp/ProgramServicesAmt1172018
IRS990/OtherExpensesGrp/ProgramServicesAmt212138
IRS990/OtherExpensesGrp/TotalAmt0229325
IRS990/OtherExpensesGrp/TotalAmt1172018
IRS990/OtherExpensesGrp/TotalAmt221765
IRS990/OtherExpensesGrp/TotalAmt36876
IRS990/OtherLiabilitiesGrp/BOYAmt074415
IRS990/OtherLiabilitiesGrp/EOYAmt073893
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154608
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0173092
IRS990/OtherSalariesAndWagesGrp/TotalAmt0327700
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08905063
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08945460
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011688
IRS990/PayrollTaxesGrp/ProgramServicesAmt013086
IRS990/PayrollTaxesGrp/TotalAmt024774
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0115129
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0116798
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/RelatedOrExemptFuncIncomeAmt03920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1293
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23037281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1293
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23037281
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0157867
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01768281
IRS990/PYProgramServiceRevenueAmt02445239
IRS990/PYRevenuesLessExpensesAmt0424480
IRS990/PYSalariesCompEmpBnftPaidAmt0410345
IRS990/PYTotalExpensesAmt02178626
IRS990/PYTotalRevenueAmt02603106
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01093189
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03041494
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05038979
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06701920
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0162314
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0157867
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt068620
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt045611
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043328
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0477740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03041494
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02445239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02321187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02293817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02110116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012211853
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0162314
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0157867
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt068620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt045611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0477740
IRS990ScheduleA/InvestmentIncomeCYPct00.03760
IRS990ScheduleA/InvestmentIncomePYPct00.03260
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96240
IRS990ScheduleA/PublicSupportPY509Pct00.96740
IRS990ScheduleA/PublicSupportTotal509Amt012211853
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03041494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02445239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02321187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02293817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02110116
IRS990ScheduleA/Total509Grp/TotalAmt012211853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03203808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02603106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02389807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02339428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02153444
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012689593
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt012533673
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03739572
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016273245
IRS990ScheduleD/EquipmentGrp/BookValueAmt023322
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0145395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168717
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt095
IRS990ScheduleD/ExpensesSubtotalAmt02110524
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0197793
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197793
IRS990ScheduleD/OtherExpensesNotIncludedAmt095
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02503
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025301
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt067766
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt067766
IRS990ScheduleD/RevenueSubtotalAmt03136042
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, 2020, 2019, 2018, and 2017 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 $67766
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNAUDITED EXPENSES $95
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/TotalBookValueLandBuildingsAmt012757291
IRS990ScheduleD/TotalExpensesPerForm990Amt02110619
IRS990ScheduleD/TotalLiabilityAmt073893
IRS990ScheduleD/TotalRevenuePerForm990Amt03203808
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03136042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02110524
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,366,955
Liabilities
$14,269,079
Net assets
$16,097,876
Revenue
$3,203,808
Expenses
$2,110,619
Net income
$1,093,189
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