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Nonprofiteer
← CEDAR STREET APARTMENTS

Form 990 for tax year 2024

Filed by CEDAR STREET APARTMENTS.

Totals

Total revenue
$193,927
Total expenses
$405,298
Contributions and grants received
$136,643
Grants paid
$0
Program service revenue
$50,288
Investment income
$6,996
Other revenue
$0
Total assets, end of year
$4,588,402
Total liabilities, end of year
$3,999,290
Net assets or fund balances, end of year
$589,112
Program services expenses (Part IX)
$374,658
Management and general expenses
$30,640
Fundraising expenses
$0
Program service expenses (Part III)
$374,658

Program services were 92.4% 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.

  • 1e · Government grants (contributions)

    $136,643

  • 2a · Program service revenue: RENTAL INCOME

    total $48,572 · related or exempt $48,572

  • 2b · Program service revenue: OTHER INCOME

    total $1,716 · related or exempt $1,716

  • 3 · Investment income

    total $6,996 · excluded $6,996

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,770 · program services $20,770

  • 11a · Fees: management

    total $13,667 · program services $13,667

  • 11c · Fees: accounting

    total $30,640 · management and general $30,640

  • 13 · Office expenses

    total $14,723 · program services $14,723

  • 20 · Interest

    total $82,699 · program services $82,699

  • 22 · Depreciation, depletion and amortization

    total $143,656 · program services $143,656

  • 23 · Insurance

    total $8,636 · program services $8,636

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $45,312 · program services $45,312

  • 24b · Other expenses: UTILITIES

    total $40,471 · program services $40,471

  • 24c · Other expenses: MISC ADMIN EXPENSES

    total $3,973 · program services $3,973

  • 24d · Other expenses: REAL ESTATE TAXES

    total $751 · program services $751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,760 · end of year $228

  • 4 · Accounts receivable

    beginning of year $29,265 · end of year $29,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $867 · end of year $899

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

    $6,051,791

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

    $1,779,025

  • 10c · Land, buildings and equipment, net

    beginning of year $4,411,384 · end of year $4,272,766

  • 15 · Other assets

    beginning of year $268,518 · end of year $285,383

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,175 · end of year $1,071

  • 19 · Deferred revenue

    beginning of year $0 · end of year $690

  • 23 · Secured mortgages and notes payable

    beginning of year $2,756,613 · end of year $2,756,613

  • 25 · Other liabilities

    beginning of year $1,165,523 · end of year $1,240,916

  • 27 · Net assets without donor restrictions

    beginning of year $800,483 · end of year $589,112

Mission and programs · 2024

Mission

A SINGLE PURPOSE, SINGLE ASSET CORPORATION TO PROVIDE PERMANENT SUPPORTIVE HOUSING TO VERY LOW-INCOME DISABLED ADULTS.

Activities or mission (Part I)

CONTINUED OPERATION PROVIDING PERMANENT SUPPORTIVE HOUSING TO 14 VERY LOW INCOME, DISABLED ADULTS.

  • CEDAR STREET APARTMENTS PROVIDES PERMANENT SUPPORTIVE HOUSING TO 14 FORMERLY HOMELESS INDIVIDUALS DIAGNOSED WITH SERIOUS MENTAL ILLNESS. IN COOPERATION WITH MENTAL HEALTH ASSOCIATION OF SAN MATEO COUNTY, SUPPORT SERVICES ON-SITE INCLUDE SERVICE COORDINATION, CASE MANAGEMENT, OCCUPATIONAL THERAPY, MEDICATION MANAGEMENT ASSISTANCE AND OTHER GROUPS AND PROGRAMS AS NEEDED.

    Expenses $374,658 · Revenue $50,288

As filed on the 2024 return.

Listed in Part VII

  • CAROL-ANN CASNER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ELISE CLOWES

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ANNE WILLIAMS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • REV LANDON M BOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA PLATTE

    EXECUTIVE DIRECTOR

    Total calculated
    $278,615
    From this org
    $0
    From related orgs
    $257,984
    Other
    $20,631
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,984 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,741 related
    Nontaxable benefits
    $0 + $10,890 related
    Filer's total
    $0 + $278,615 related

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

The filer's explanations (Part III)

PART I, LINE 3
WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVE DIRECTOR. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202630409349301803

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