Totals
- Total revenue
- $585,570
- Total expenses
- $766,628
- Contributions and grants received
- $290,708
- Grants paid
- $0
- Program service revenue
- $279,324
- Investment income
- $14,894
- Other revenue
- $644
- Total assets, end of year
- $5,406,516
- Total liabilities, end of year
- $9,230,684
- Net assets or fund balances, end of year
- -$3,824,168
- Program services expenses (Part IX)
- $680,821
- Management and general expenses
- $85,807
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $680,821
Program services were 88.8% 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)
$290,708
-
2a · Program service revenue: NET RENTAL REVENUE
total $279,324 · related or exempt $279,324
-
3 · Investment income
total $14,894 · excluded $14,894
-
11a · Other revenue: LAUNDRY AND VENDING
total $644 · related or exempt $644
-
11e · Other revenue, total
$644
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $130,556 · program services $130,556
-
9 · Other employee benefits
total $29,312 · program services $29,312
-
10 · Payroll taxes
total $10,687 · program services $10,687
-
11a · Fees: management
total $71,918 · program services $532 · management and general $71,386
-
11c · Fees: accounting
total $14,421 · management and general $14,421
-
13 · Office expenses
total $18,782 · program services $18,782
-
16 · Occupancy
total $277,083 · program services $277,083
-
22 · Depreciation, depletion and amortization
total $188,770 · program services $188,770
-
24a · Other expenses: NURSING & ELDERLY CARE
total $25,099 · program services $25,099
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,471 · end of year $2,691
-
9 · Prepaid expenses and deferred charges
end of year $6,300
-
10a · Land, buildings and equipment: cost or other basis
$9,688,836
-
10b · Land, buildings and equipment: accumulated depreciation
$4,777,412
-
10c · Land, buildings and equipment, net
beginning of year $5,100,194 · end of year $4,911,424
-
15 · Other assets
beginning of year $447,319 · end of year $486,101
-
17 · Accounts payable and accrued expenses
beginning of year $83,253 · end of year $114,178
-
21 · Escrow or custodial account liability
beginning of year $23,856 · end of year $24,521
-
23 · Secured mortgages and notes payable
beginning of year $9,091,985 · end of year $9,091,985
-
27 · Net assets without donor restrictions
beginning of year -$3,643,110 · end of year -$3,824,168
Mission and programs · 2024
Mission
PROVIDE AFFORDABLE RENTAL HOUSING WITH LINKS TO SERVICES FOR LOW-INCOME SENIOR CITIZENS BY PROVIDING SAFE AND COMFORTABLE FACILITIES, A PRODUCTIVE INTERGENERATIONAL COMMUNITY, AND THE RESOURCES ESSENTIAL TO LEAD ENRICHED, EMPOWERED, AND INDEPENDENT LIVES
Activities or mission (Part I)
OWNS AND OPERATES A 69-UNIT APARTMENT COMPLEX FOR LOW-INCOME SENIOR CITIZENS
-
PROVIDE HOUSING AT AFFORDABLE COST TO 70 LOW-INCOME SENIOR CITIZENS.
Expenses $680,821 · Revenue $279,968
As filed on the 2024 return.
Listed in Part VII
-
Cindy MarounCINDY MAROUN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3 + 5 related
-
Glenda MartinezGLENDA MARTINEZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3 + 5 related
-
Tracy EdwardsTRACY EDWARDS
TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 5 related
-
Ryan LeggioRYAN LEGGIO
SECRETARY
- Total calculated
- $0
- Hours/week
- 3 + 5 related
-
Booker PearsonBOOKER PEARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cindy McQuadeCINDY MCQUADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jamie TierneyJAMIE TIERNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jane SpiegelJANE SPIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kim DefenderferKIM DEFENDERFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kitty WallaceKITTY WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reverend Patricia FarrisREVEREND PATRICIA FARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Russell WhittenburgRUSSELL WHITTENBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom WilsonTOM WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gregg BatsonGREGG BATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Christine Mirasy-GlascoCHRISTINE MIRASY-GLASCO
CEO & PRESIDENT
- Total calculated
- $261,046
- From this org
- $0
- From related orgs
- $249,217
- Other
- $11,829
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $206,161 related
- Bonus
- $0 + $25,573 related
- Other
- $0 + $17,483 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $11,829 related
- Filer's total
- $0 + $261,046 related
-
Eric SarkisyanERIC SARKISYAN
CFO (AS OF 9/2024)
- Total calculated
- $52,429
- From this org
- $0
- From related orgs
- $51,141
- Other
- $1,288
- Hours/week
- 5 + 40 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
- THE ORGANIZATION'S CEO WAS COMPENSATED BY A RELATED ORGANIZATION DURING CALENDAR YEAR 2024. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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.
-
501 (C) (3) · PROPERTY MANAGER · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533209349300368
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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