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Nonprofiteer
← 711 GRAND QALICB

Form 990 for tax year 2023

Filed by 711 GRAND QALICB.

Totals

Total revenue
$2,605,060
Total expenses
$695,466
Contributions and grants received
$2,008,720
Grants paid
$0
Program service revenue
$550,689
Investment income
$45,651
Other revenue
$0
Total assets, end of year
$16,266,322
Total liabilities, end of year
$14,356,728
Net assets or fund balances, end of year
$1,909,594
Program services expenses (Part IX)
$0
Management and general expenses
$695,466
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,008,720

  • 2a · Program service revenue: RENTAL INCOME

    total $550,689 · related or exempt $550,689

  • 3 · Investment income

    total $45,651 · excluded $45,651

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $170,237 · management and general $170,237

  • 20 · Interest

    total $178,413 · management and general $178,413

  • 22 · Depreciation, depletion and amortization

    total $106,925 · management and general $106,925

  • 23 · Insurance

    total $230,074 · management and general $230,074

  • 24a · Other expenses: DUES, FEES, AND CHARGES

    total $9,817 · management and general $9,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,197,068

  • 4 · Accounts receivable

    end of year $526,511

  • 9 · Prepaid expenses and deferred charges

    end of year $32,702

  • 10a · Land, buildings and equipment: cost or other basis

    $11,735,771

  • 10b · Land, buildings and equipment: accumulated depreciation

    $225,730

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $11,510,041

  • 17 · Accounts payable and accrued expenses

    end of year $1,611,845

  • 23 · Secured mortgages and notes payable

    end of year $12,744,883

  • 27 · Net assets without donor restrictions

    end of year $1,909,594

Mission and programs · 2023

Mission

THE CORPORATION WILL ACCOMPLISH CHARITABLE PURPOSES BY FACILITATING THE OWNERSHIP, OPERATION, AND LEASING OF PROPERTY TO CANAL ALLIANCE, WHICH WILL PROMOTE AND SUPPORT THE CHARITBLE ACTIVITIES OF CANAL ALLIANCE.

Activities or mission (Part I)

TO BENEFIT AND SUPPORT CANAL ALLIANCE, A NONPROFIT CORPORATION AND ITS CHARITABLE PURPOSES.

  • TO BENEFIT AND SUPPORT CANAL ALLIANCE, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND ITS CHARITABLE PURPOSES

    Revenue $550,689

As filed on the 2023 return.

Listed in Part VII

  • David Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ricardo Soto

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Salman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Karen Rodriguez

    DIRECTOR

    Total calculated
    $184,031
    From this org
    $0
    From related orgs
    $166,827
    Other
    $17,204
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $166,719 related
    Bonus
    $0 + $108 related
    Other
    $0
    Deferred
    $0 + $6,610 related
    Nontaxable benefits
    $0 + $10,594 related
    Filer's total
    $0 + $184,031 related

  • Thomas Tunny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CANAL ALLIANCE

    501(C)(3) · TO BREAK THE CYCLE OF POVERTY FOR LOW-INCOME LATINO IMMIGRANTS · CA

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202540999349302104

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