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Nonprofiteer
← E C S V REAL ESTATE

Form 990 for tax year 2022

Filed by E C S V REAL ESTATE.

Totals

Total revenue
$129,595
Total expenses
$581,339
Contributions and grants received
$111,595
Grants paid
$0
Program service revenue
$18,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,520,084
Total liabilities, end of year
$843,646
Net assets or fund balances, end of year
$14,676,438
Program services expenses (Part IX)
$553,503
Management and general expenses
$27,836
Fundraising expenses
$0
Program service expenses (Part III)
$553,503

Program services were 95.2% 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.

  • 1d · Related organizations

    $111,595

  • 2a · Program service revenue: LEASE INCOME

    total $18,000 · related or exempt $18,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $11,574 · management and general $11,574

  • 11c · Fees: accounting

    total $9,815 · management and general $9,815

  • 16 · Occupancy

    total $84,493 · program services $84,493

  • 22 · Depreciation, depletion and amortization

    total $375,852 · program services $375,852

  • 23 · Insurance

    total $99,605 · program services $93,158 · management and general $6,447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,393 · end of year $83,393

  • 4 · Accounts receivable

    beginning of year $4,354,187 · end of year $4,198,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,578 · end of year $327

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

    $14,089,738

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

    $2,852,054

  • 10c · Land, buildings and equipment, net

    beginning of year $11,613,536 · end of year $11,237,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,555 · end of year $1,702

  • 25 · Other liabilities

    beginning of year $738,451 · end of year $841,944

  • 27 · Net assets without donor restrictions

    beginning of year $10,948,501 · end of year $10,477,758

  • 28 · Net assets with donor restrictions

    beginning of year $4,354,187 · end of year $4,198,680

Mission and programs · 2022

Mission

THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE AN EDUCATION FACILITY LOCATED IN SAN JOSE, CA TO ECSV. THE ORGANIZATION RECEIVED LOANS TO CONSTRUCT THE BUILDING VIA A NEW MARKETS TAX CREDIT FINANCING TRANSACTION.

Activities or mission (Part I)

THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE TO E.C.S.V. AN EDUCATION FACILITY IN SAN JOSE.

  • ECSV REAL ESTATE (THE ORGANIZATION") WAS FORMED FOR THE BENEFIT OF EDUCARE CALIFORNIA AT SILICON VALLEY ("ECSV"). ECSV IS A NONPROFIT, 501(C)(3) ORGANIZATION WHOSE MISSION IS TO BUILD AND OPERATE AN EARLY LEARNING CENTER IN SAN JOSE, CALIFORNIA TO HELP ENSURE THAT THE CHILDREN THEREBY SERVED WILL SUCCEED IN SCHOOL AND LATER LIFE. ECSV OFFERS CURRICULA AND PROGRAMS FOCUSED ON DELIVERING BEST PRACTICES IN EARLY CHILDHOOD DEVELOPMENT AND EDUCATION. THE PURPOSE OF THIS ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR ECSV. THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION THAT PROVIDED FUNDS TO FINANCE THE CONSTRUCTION AND DEVELOPMENT OF A FACILITY LOCATED IN SAN JOSE, CALIFORNIA. CONSTRUCTION WAS COMPLETED IN AUGUST 2015 AND THE ORGANIZATION COMMENCED LEASING THE FACILITY TO ECSV FOR ECSV TO SERVE APPROXIMATELY 164 CHILDREN AGES BIRTH TO 5 AND THEIR FAMILIES IN A MODEL EARLY LEARNING SCHOOL. CLASSROOM SERVICES WERE PROVIDED BY THE SANTA CLARA COUNTY OFFICE OF EDUCATION (SCCOE) AND FRANKLIN MCKINLEY SCHOOL DISTRICT(FMSD), AND FUNDED WITH FEDERAL, STATE AND LOCAL FUNDING SOURCES.

    Expenses $553,503 · Revenue $18,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Burke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Juan Cruz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Vann

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Gerth

    EXECUTIVE DIRECTOR

    Total calculated
    $109,191
    From this org
    $0
    From related orgs
    $109,191
    Other
    $0
    Hours/week
    20 + 40 related

  • Darcie Green

    SECRETARY

    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.

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.

  • ECSV

    501C(3) · EDUCATION · CA

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202400759349301600

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