Skip to content
Nonprofiteer
← CFNV CHARITABLE REAL ESTATE FUND

Form 990 for tax year 2023

Filed by CFNV CHARITABLE REAL ESTATE FUND.

Totals

Total revenue
$926,114
Total expenses
$364,750
Contributions and grants received
$606,643
Grants paid
$27,284
Program service revenue
$0
Investment income
$0
Other revenue
$319,471
Total assets, end of year
$4,531,858
Total liabilities, end of year
$753,292
Net assets or fund balances, end of year
$3,778,566
Program services expenses (Part IX)
$355,200
Management and general expenses
$9,550
Fundraising expenses
$0
Program service expenses (Part III)
$355,200

Program services were 97.4% 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.

  • 1d · Related organizations

    $606,643

  • 6a · Gross rents

    real property $318,051

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $318,051

  • 6d · Net rental income or loss

    total $318,051 · excluded $318,051

  • 11a · Other revenue: OTHER INCOME

    total $1,420 · excluded $1,420

  • 11e · Other revenue, total

    $1,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,284 · program services $27,284

  • 11a · Fees: management

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $9,550 · management and general $9,550

  • 13 · Office expenses

    total $3,138 · program services $3,138

  • 16 · Occupancy

    total $110,657 · program services $110,657

  • 20 · Interest

    total $4,349 · program services $4,349

  • 22 · Depreciation, depletion and amortization

    total $137,551 · program services $137,551

  • 23 · Insurance

    total $6,949 · program services $6,949

  • 24a · Other expenses: CEDAR STREET EXPENSES

    total $40,272 · program services $40,272

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $127,279 · end of year $372,184

  • 4 · Accounts receivable

    beginning of year $10,350 · end of year $3,160

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

    $5,566,175

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

    $1,409,661

  • 10c · Land, buildings and equipment, net

    beginning of year $3,856,756 · end of year $4,156,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,904 · end of year $86,917

  • 23 · Secured mortgages and notes payable

    beginning of year $118,283 · end of year $113,021

  • 25 · Other liabilities

    beginning of year $343,996 · end of year $553,354

  • 27 · Net assets without donor restrictions

    beginning of year -$639,555 · end of year -$377,948

  • 28 · Net assets with donor restrictions

    beginning of year $3,856,757 · end of year $4,156,514

Mission and programs · 2023

Mission

THE CORPORATION OPERATES EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION OF THE NAPA VALLEY DBA NAPA VALLEY COMMUNITY FOUNDATION (NVCF). (CONTINUED ON SCHEDULE O)THE CORPORATION SUPPORTS THE MISSION OF NVCF BY ACCEPTING GIFTS OF REAL PROPERTY AND OTHER ASSETS, AND MANAGING OR ARRANGING FOR THE SALE OF THOSE ASSETS FOR THE BENEFIT OF NVCF.

Activities or mission (Part I)

THE CORPORATION SUPPORTS THE COMMUNITY FOUNDATION OF THE NAPA VALLEY.

  • THE CORPORATION OPERATES EXCLUSIVELY FOR CHARIABLE PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION OF THE NAPA VALLEY DBA NAPA VALLEY COMMUNITY FOUNDATION (NVCF).

    Expenses $355,200 · Grants $27,284

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terence Mulligan

    SECRETARY

    Total calculated
    $299,815
    From this org
    $0
    From related orgs
    $244,237
    Other
    $55,578
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,574 related
    Bonus
    $0
    Other
    $0 + $6,663 related
    Deferred
    $0 + $31,879 related
    Nontaxable benefits
    $0 + $23,699 related
    Filer's total
    $0 + $299,815 related

  • Sandy Fasold

    DIRECTOR

    Total calculated
    $172,156
    From this org
    $0
    From related orgs
    $145,225
    Other
    $26,931
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,225 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,261 related
    Nontaxable benefits
    $0 + $19,670 related
    Filer's total
    $0 + $172,156 related

  • David Freed

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Farley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Gaw

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 February 2025
IRS schema version
2023v6.0
Source object
202510659349301116

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.