Form 990 for tax year 2023
Filed by SHALOM CENTER FOR T R E E OF LIFE THERAPY RESEARCH EDUCATION &.
Totals
- Total revenue
- $1,180,040
- Total expenses
- $658,214
- Contributions and grants received
- $1,103,353
- Grants paid
- $0
- Program service revenue
- $72,803
- Investment income
- $3,884
- Other revenue
- $0
- Total assets, end of year
- $2,165,145
- Total liabilities, end of year
- $7,826
- Net assets or fund balances, end of year
- $2,157,319
- Program services expenses (Part IX)
- $425,674
- Management and general expenses
- $232,540
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $425,674
Program services were 64.7% 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)
$533,679
-
1f · All other contributions, gifts and grants
$569,674
-
2a · Program service revenue: OTHER FEES
total $72,803 · related or exempt $72,803
-
3 · Investment income
total $3,884 · related or exempt $3,884
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $219,795 · program services $109,897 · management and general $109,898
-
11c · Fees: accounting
total $6,800 · management and general $6,800
-
11g · Fees: other
total $7,632 · program services $3,816 · management and general $3,816
-
12 · Advertising and promotion
total $103,542 · program services $103,542
-
13 · Office expenses
total $12,274 · program services $6,137 · management and general $6,137
-
16 · Occupancy
total $86,168 · program services $43,084 · management and general $43,084
-
17 · Travel
total $1,313 · program services $1,313
-
19 · Conferences, conventions and meetings
total $16,366 · program services $16,366
-
22 · Depreciation, depletion and amortization
total $30,457 · program services $30,457
-
23 · Insurance
total $26,574 · management and general $26,574
-
24a · Other expenses: SOFTWARE EXPENSES
total $33,961 · program services $33,961
-
24b · Other expenses: SUPPLIES
total $24,813 · program services $17,369 · management and general $7,444
-
24c · Other expenses: SEMINARS & TRAINING
total $20,156 · program services $20,156
-
24d · Other expenses: PAYROLL TAXES
total $18,195 · program services $9,097 · management and general $9,098
-
24e · All other expenses
total $50,168 · program services $30,479 · management and general $19,689
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,466,495 · end of year $1,912,885
-
3 · Pledges and grants receivable
beginning of year $50,000 · end of year $50,000
-
7 · Other notes and loans receivable
end of year $8,120
-
10a · Land, buildings and equipment: cost or other basis
$150,749
-
10b · Land, buildings and equipment: accumulated depreciation
$45,023
-
10c · Land, buildings and equipment, net
beginning of year $83,752 · end of year $105,726
-
14 · Intangible assets
beginning of year $35,750 · end of year $66,800
-
15 · Other assets
beginning of year $7,350 · end of year $21,614
-
25 · Other liabilities
beginning of year $15,208 · end of year $7,826
-
27 · Net assets without donor restrictions
beginning of year $1,628,139 · end of year $2,157,319
Mission and programs · 2023
Mission
THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LA AND ORANGE COUNTY AREAS BY PROVIDING FREE CONUSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS. THE SHALOM CENTER IS ALSO PROVIDING OUTREACH AND EDUCATION EVENTS FOR LOW INCOME INDIVIDUALS.
-
THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LA AND ORANGE COUNTY AREAS BY PROVIDING FREE CONUSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS. THE SHALOM CENTER IS ALSO PROVIDING OUTREACH AND EDUCATION EVENTS FOR LOW INCOME INDIVIDUALS.
Expenses $395,217
-
THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LOS ANGELES AND ORANGE AREAS BY PROVIDING FREE COUNSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS AND TO ALLEVIATE PURCHASE SUCH AS POOR CREDIT, LACK OF SAVINGS, LACK OF KNOWLEDGE ABOUT THE HOMEBUYING PROCESS, HOUSING DISCRIMINATION AND PREDATORY LENDING. THE SHALOM CENTER IS ALSOPROVIDING OUTREACH AND EDUCATION EVENTS OF FOOD STAMP AND FOOD BANK PROGRAMS TO THE LOW INCOME INDIVIDUALS OF LOS ANGELES COUNTY AS AN INTERMEDIARY TO PROVIDE ASSISTANCE.
Expenses $30,457
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Danny W ChoeDANNY W CHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph M ChungJOSEPH M CHUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Grace JeongGRACE JEONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jae K KimJAE K KIM
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ro W LeeRO W LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jee R LeeJEE R LEE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 8
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
- 2023
- Filed
- 24 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202402539349300735
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