Form 990-EZ for tax year 2023

Totals

Total revenue

$5,097

Total expenses

$71,933

Contributions and grants received

$5,097

Grants paid

$49,848

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

— not reported

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$18,725

Total liabilities, end of year

$20,507

Net assets or fund balances, end of year

-$1,782

Program service expenses (Part III)

$49,848

Program services were 69.3% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• Grantmaking: Under its mission to serve essential workers and their families, the organization has made grants since its founding to subsidize rent costs for Marin County's public school teachers and other educators under its Rent Relief Grant Program. The program is currently carried out in collaboration with Serenity at Larkspur Apartments, and the grants are applied directly toward rent expenses. In 2023, the program awarded approximately $50,000 in grants to benefit 6 teachers.

  Expenses $49,848 · Grants $49,848

• Affordable Housing: In 2023, the organization identified a 164-unit apartment complex for the development of affordable, rent-restricted housing and proceeded with the necessary steps to move forward with acquisition. This included obtaining tax-exempt bond financing and securing the required regulatory approvals. In anticipation of holding title to the real property, the organization also formed a wholly owned limited liability company.

As filed on the 2023 return.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

17 July 2024

IRS schema version

2023v5.1

Source object

202441999349201074

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