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Nonprofiteer
← PARK PARTHENIA NON-PROFIT CALIF CORP

Form 990 for tax year 2024

Filed by PARK PARTHENIA NON-PROFIT CALIF CORP.

Totals

Total revenue
$1,174,257
Total expenses
$1,458,818
Contributions and grants received
$898,802
Grants paid
$0
Program service revenue
$477,570
Investment income
$749
Other revenue
-$202,864
Total assets, end of year
$2,502,758
Total liabilities, end of year
$3,562,538
Net assets or fund balances, end of year
-$1,059,780
Program services expenses (Part IX)
$1,439,714
Management and general expenses
$19,104
Fundraising expenses
$0
Program service expenses (Part III)
$1,439,714

Program services were 98.7% 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)

    $898,802

  • 2a · Program service revenue: RENTAL INCOME

    total $477,570 · related or exempt $477,570

  • 3 · Investment income

    total $749 · related or exempt $749

  • 11a · Other revenue: K-1 R.E.

    total -$202,864 · related or exempt -$202,864

  • 11e · Other revenue, total

    -$202,864

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $16,200 · management and general $16,200

  • 10 · Payroll taxes

    total $1,393 · management and general $1,393

  • 11a · Fees: management

    total $23,838 · program services $23,838

  • 11c · Fees: accounting

    total $5,025 · program services $5,025

  • 13 · Office expenses

    total $25,933 · program services $25,933

  • 20 · Interest

    total $147,975 · program services $147,975

  • 22 · Depreciation, depletion and amortization

    total $31,756 · program services $31,756

  • 23 · Insurance

    total $26,512 · program services $26,512

  • 24a · Other expenses: PARK PARTHENIA PROJECT

    total $899,123 · program services $899,123

  • 24b · Other expenses: MAINTENANCE/REPAIRS

    total $120,589 · program services $120,589

  • 24c · Other expenses: HOUSE EXPENSES

    total $72,941 · program services $72,941

  • 24d · Other expenses: PROPERTY TAXES

    total $44,260 · program services $44,260

  • 24e · All other expenses

    total $43,273 · program services $41,762 · management and general $1,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,359 · end of year $120,919

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

    $2,382,449

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

    $530,396

  • 10c · Land, buildings and equipment, net

    beginning of year $1,883,809 · end of year $1,852,053

  • 11 · Investments: publicly traded securities

    beginning of year $111,408 · end of year $112,136

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $618,111 · end of year $417,650

  • 23 · Secured mortgages and notes payable

    beginning of year $3,565,187 · end of year $3,537,949

  • 25 · Other liabilities

    beginning of year $18,722 · end of year $24,589

  • 27 · Net assets without donor restrictions

    beginning of year -$775,222 · end of year -$1,059,780

Mission and programs · 2024

Mission

TO PRESERVE AND PROVIDE SAFE AND ADEQUATE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

  • THE PURPOSE OF PARK PARTHENIA, LTD., A CALIFORNIA NON-PROFIT CORPORATION, IS TO PRESERVE AND PROVIDE SAFE AND ADEQUATE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES. PARK PARTHENIA, LTD., A CALIFORNIA NON-PROFIT CORPORATION, IS A GENERAL PARTNER IN A PARTNERSHIP OWNING A COMBINED 447 UNITS IN 48 BUILDINGS WHICH PROVIDES HOUSING FOR 2,110 INDIVIDUALS.THE ORGANIZATION DOES A GOOD HOUSEKEEPING PROGRAM FOR ALL RESIDENTS AND PROVIDES SPACE FOR A COMMUNITY BRANCH OF THE CHILD AND FAMILY GUIDANCE CENTER, WHICH PROVIDES MENTAL HEALTH SERVICES FOR CHILDREN AND THEIR FAMILIES, INCLUDING POSITIVE PARENTING PROGRAM (TRIPLE P), IN HOME BEHAVIORAL SERVICES (I-BIT), PARENT-CHILD INTERACTION THERAPY (PCIT), AND OTHER PREVENTION AND EARLY INTERVENTION PROGRAMS. ADDITIONALLY, PARENTING CLASSES ARE PROVIDED FREE OF CHARGE. THE OUTREACH PROGRAM PROVIDES MEDI-CAL AND COVERED CALIFORNIA OUTREACH, UTILIZATION, RETENTION AND REDETERMINATION SERVICES TO THE ENTIRE COMMUNITY. DURING THE COVID-19 PANDEMIC, THE ORGANIZATION HELPED QUALIFIED FAMILIES WITH APPLYING FOR LA CITY AND CALIFORNIA RENTAL ASSISTANCE PROGRAMS. THE CHILD AND FAMILY GUIDANCE CENTER ALSO PROVIDED FREE COVID-19 VACCINATIONS AND SELF-TESTING KITS TO COMMUNITY RESIDENTS.THROUGHOUT 2024, THE ORGANIZATION CONTINUED TO IMPLEMENT COVID-19 GUIDELINE: DISTRIBUTE RAPID TEST KITS, PROVIDE REFERRALS TO DOCTORS, OFFICES, AND EMERGENCY CLINICS. THE ORGANIZATION SUCCESSFULLY COMPLETED THE COUNTY OF LOS ANGELES PUBLIC HEALTH COVID-19 COMPLIANCE CERTIFICATE.ANNUAL EVENTS AT THE COMMUNITY FAMILY CENTER ALSO INCLUDE: ANNUAL HEALTH FAIR WITH MORE THAN 31 AGENCIES PARTICIPATING AND DISTRIBUTION OF THANKSGIVING BASKETS AND HOLIDAY TOYS TO FAMILIES IN OUR COMMUNITY.

    Expenses $460,709 · Revenue $152,822

  • IN 1999, THE ORGANIZATION PURCHASED A SIX-UNIT APARTMENT BUILDING IN THE PARK PARTHENIA COMPLEX AND BEGAN PROVIDING THIS ADDITIONAL HOUSING TO ANOTHER 31 INDIVIDUALS. IN 2001, THE ORGANIZATION PURCHASED AN ADDITIONAL EIGHT-UNIT APARTMENT BUILDING IN THE PARK PARTHENIA COMPLEX AND BEGAN PROVIDING THIS ADDITIONAL HOUSING TO ANOTHER 44 INDIVIDUALS.DURING THE YEAR 2011, THE ORGANIZATION PURCHASED 23 UNITS OF SINGLE-FAMILY HOUSES IN DISTRESSED AREAS. REPAIRS AND MAINTENANCE WERE COMPLETED IN ORDER TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. BY THE END OF 2016, ALL HOUSES WERE RENTED OUT. THE ORGANIZATION CURRENTLY OWNS 6 SINGLE FAMILY HOMES, ALL OCCUPIED BY LOW AND MODERATE INCOME FAMILIES.

    Expenses $979,005 · Revenue $324,748

  • REVENUE RECEIVED FROM SAFEGUARDING ASSETS UNDER IRC SECTION 512-514

    Revenue $749

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Leung

    PRESIDENT/DIREC

    Total calculated
    $0
    Hours/week
    5

  • Connie Leung

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Ma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Lu PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shirley F Lai

    SECRETARY/ 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543079349301669

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