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← JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

Form 990 for tax year 2022

Filed by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 26 March 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,440,633 changed to $5,652,129
Total expenses
$7,592,837 changed to $7,558,448
Grants paid
$106,850 changed to $129,353
Program service revenue
$268,893 changed to $268,890
Investment income
$753,128 changed to $966,108
Other revenue
$1,132,504 changed to $1,131,023
Total assets, end of year
$59,473,487 changed to $59,506,196
Total liabilities, end of year
$16,177,821 changed to $16,227,042
Net assets or fund balances, end of year
$43,295,666 changed to $43,279,154
Program services expenses
$6,014,876 changed to $5,271,385
Management and general expenses
$1,418,816 changed to $2,127,918
Program service expenses (Part III)
$6,014,876 changed to $5,271,385

Listed only on the earlier return

  • Laila Aziz

Listed under a different title

  • Selena Ellis-Viscarra: SENIOR VICE PRESIDENT OF OPERATIONS then SENIOR VP OF OPERATIONS

Totals

Total revenue
$5,440,633
Total expenses
$7,592,837
Contributions and grants received
$3,286,108
Grants paid
$106,850
Program service revenue
$268,893
Investment income
$753,128
Other revenue
$1,132,504
Total assets, end of year
$59,473,487
Total liabilities, end of year
$16,177,821
Net assets or fund balances, end of year
$43,295,666
Program services expenses (Part IX)
$6,014,876
Management and general expenses
$1,418,816
Fundraising expenses
$159,145
Program service expenses (Part III)
$6,014,876

Program services were 79.2% 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

    $2,122,024

  • 1e · Government grants (contributions)

    $861,554

  • 1f · All other contributions, gifts and grants

    $302,530

  • 2a · Program service revenue: SWV HOUSING PARTNERSHIP - HOLDIN

    total $135,419 · related or exempt $135,419

  • 2b · Program service revenue: OTHER INCOME

    total $133,474 · related or exempt $133,474

  • 3 · Investment income

    total $41,168 · excluded $41,168

  • 6a · Gross rents

    real property $1,108,003

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,108,003

  • 6d · Net rental income or loss

    total $1,108,003 · related or exempt $1,108,003

  • 7a · Gross sales of assets other than inventory

    securities $1,950,868 · other assets $3,350,000

  • 7b · Less cost or other basis and sales expenses

    securities $2,673,985 · other assets $1,914,923

  • 7c · Gain or loss

    securities -$723,117 · other assets $1,435,077

  • 7d · Net gain or loss

    total $711,960 · excluded $711,960

  • 11a · Other revenue: IRS REFUND

    total $24,501 · excluded $24,501

  • 11e · Other revenue, total

    $24,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,750 · program services $55,750

  • 2 · Grants to domestic individuals

    total $51,100 · program services $51,100

  • 5 · Compensation of officers, directors and key employees

    total $795,724 · program services $235,506 · management and general $401,073 · fundraising $159,145

  • 7 · Other salaries and wages

    total $347,465 · program services $85,744 · management and general $261,721

  • 8 · Pension plan contributions

    total $8,611 · program services $1,255 · management and general $7,356

  • 9 · Other employee benefits

    total $96,324 · program services $26,971 · management and general $69,353

  • 10 · Payroll taxes

    total $75,285 · program services $21,080 · management and general $54,205

  • 11a · Fees: management

    total $726 · program services $653 · management and general $73

  • 11b · Fees: legal

    total $314,272 · program services $282,845 · management and general $31,427

  • 11c · Fees: accounting

    total $400,629 · program services $360,566 · management and general $40,063

  • 11f · Fees: investment management

    total $17,212 · program services $15,491 · management and general $1,721

  • 11g · Fees: other

    total $948,947 · program services $857,476 · management and general $91,471

  • 13 · Office expenses

    total $157,618 · program services $81,961 · management and general $75,657

  • 17 · Travel

    total $18,082 · program services $2,712 · management and general $15,370

  • 19 · Conferences, conventions and meetings

    total $3,776 · program services $566 · management and general $3,210

  • 20 · Interest

    total $848,604 · program services $789,202 · management and general $59,402

  • 22 · Depreciation, depletion and amortization

    total $1,949,689 · program services $1,910,695 · management and general $38,994

  • 23 · Insurance

    total $187,345 · program services $45,193 · management and general $142,152

  • 24a · Other expenses: COMMUNITY EXPENSE

    total $484,523 · program services $460,297 · management and general $24,226 · fundraising $0

  • 24b · Other expenses: OTHER EXPENSES

    total $271,706 · program services $211,931 · management and general $59,775 · fundraising $0

  • 24c · Other expenses: SECURITY

    total $250,436 · program services $237,914 · management and general $12,522 · fundraising $0

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $133,341 · program services $126,674 · management and general $6,667 · fundraising $0

  • 24e · All other expenses

    total $175,672 · program services $153,294 · management and general $22,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $270,346 · end of year $1,098,098

  • 3 · Pledges and grants receivable

    beginning of year $193,624 · end of year $236,870

  • 4 · Accounts receivable

    beginning of year $13,931 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $4,117,560 · end of year $4,119,990

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,705 · end of year $167,772

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

    $66,553,323

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

    $20,950,377

  • 10c · Land, buildings and equipment, net

    beginning of year $51,058,524 · end of year $45,602,946

  • 11 · Investments: publicly traded securities

    beginning of year $4,622,439 · end of year $3,644,089

  • 12 · Investments: other securities

    beginning of year $1,608,194

  • 13 · Investments: program-related

    beginning of year $2,241,576 · end of year $2,241,576

  • 15 · Other assets

    beginning of year $3,544,236 · end of year $2,362,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,024,299 · end of year $926,116

  • 19 · Deferred revenue

    beginning of year $3,031,527 · end of year $3,031,527

  • 23 · Secured mortgages and notes payable

    beginning of year $18,073,398 · end of year $12,220,178

  • 25 · Other liabilities

    beginning of year $14,604 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $44,551,465 · end of year $42,191,824

  • 28 · Net assets with donor restrictions

    beginning of year $1,103,842 · end of year $1,103,842

Mission and programs · 2022

Mission

JCNI WORKS TO IMPROVE THE LIVES OF PEOPLE LIVING WITHIN SAN DIEGO, CALIFORNIA'S MOST HISTORICALLY DISINVESTED NEIGHBORHOODS IN SOUTHEASTERN SAN DIEGO WHILE ENGAGING IN COMMUNITY REDEVELOPMENT, COMMUNITY PLANNING AND PARTICIPATION AND STRATEGIC PARTNERS.

Activities or mission (Part I)

THE MISSION OF JCNI IS TO FOSTER A THRIVING COMMUNITY ENVISIONED AND REALIZED BY ITS RESIDENTS.

  • ALL OF JCNI'S ACTIVITIES CONTRIBUTE TO THE FURTHERANCE OF A NEIGHBORHOOD INNOVATION DISTRICT WITHIN SAN DIEGO'S DIAMOND NEIGHBORHOODS. SPECIFIC ACTIVITIES INCLUDE: 1) WORK RELATED TO PHYSICAL INFRASTRUCTURE AND PHYSICAL ASSETS WITHIN THE COMMUNITY. (EXAMPLES INCLUDE: CONSTRUCTION OF THE TROLLEY PARK TERRACE AFFORDABLE HOUSING COMPLEX, SECURING AN ACTIVE TRANSPORTATION PROGRAM GRANT TO EFFECT OVER $4 MILLION IN IMPROVEMENTS TO CREATE COMPLETE STREETS IN THE NEIGHBORHOOD SURROUNDING MARKET STREET AND EUCLID AVENUE, AND COMPLETING A RIVER PARKWAY ADJOINING CHOLLAS CREEK); 2) WORK RELATED TO PROMOTING THE ARTS WITHIN THE DIAMOND NEIGHBORHOODS, AND USING ARTS AS A TOOL FOR ECONOMIC DEVELOPMENT AND COMMUNITY COHESION. (EXAMPLES INCLUDE: SECURING FUNDS FROM THE NATIONAL ENDOWMENT FOR THE ARTS, THE CITY ARTS COMMISSION, AS WELL AS FUNDS FROM PRIVATE AND CORPORATE DONORS TO SUPPORT AN ARTIST IN RESIDENCE, PUBLIC ART PROJECTS, AND A POP-UP ART GALLERY FOR LOCAL ARTISTS TO DISPLAY AND SELL THEIR WORK); 3) PROMOTING IMPROVEMENTS TO LOCAL EDUCATION, THROUGH ACTIVITIES THAT SUPPORT THE SUCCESS OF PUBLIC SCHOOLS, CHARTER SCHOOLS, AND ORGANIZATIONS WITH AN EDUCATION-SERVING MISSION LOCATED THROUGHOUT THE DIAMOND NEIGHBORHOODS. (EXAMPLES INCLUDE: SUPPORTING THE DIAMOND EDUCATIONAL EXCELLENCE PARTNERSHIP; CREATING CURRICULA WHICH BENEFIT STUDENTS ATTENDING THE LOCAL PUBLIC SCHOOLS; PARTNERSHIP WITH KIPP CHARTER SCHOOLS TO BRING ADDITIONAL EDUCATIONAL OPPORTUNITIES TO FAMILIES; OPERATING ACADEMIC ENRICHMENT PROGRAMS ON-SITE IN PARTNERSHIP WITH THE LOCAL YMCA); 4) PROMOTION OF AN ECO-DISTRICT WITHIN JCNI'S SERVICE AREA. THIS INCLUDES NOT ONLY JCNI'S HISTORIC COMMITMENT TO LEED PRINCIPLES, BUT ALSO A PROJECT DESIGNED TO CONNECT LOW INCOME RESIDENTS WITH ENERGY-SAVING PUBLIC ASSISTANCE PROGRAMS, INCLUDING UTILITY-RUN PROGRAMS, FOR WHICH THEY MAY BE ELIGIBLE; THE ECO-DISTRICT WILL ALSO INCLUDE A CREEK STEWARDSHIP PROGRAM TO SUPPORT THE SUSTAINABILITY OF RESTORATION WORK DONE ON CHOLLAS CREEK THROUGH RESIDENT VOLUNTEERISM 5) CREATION OF AN URBAN ENTREPRENEURSHIP PARK, ALONG WITH PROGRAMS DESIGNED TO PROVIDE TECHNICAL ASSISTANCE AND STARTUP FUNDING FOR LOCAL ENTREPRENEURS. (COMPONENTS WILL INCLUDE OPERATION OF A LOCAL SMALL BUSINESS RESOURCE CENTER, OPERATION OF A BUSINESS ACCELERATOR PROGRAM, SPONSORSHIP OF PERIODIC BUSINESS PLAN COMPETITIONS, AS WELL AS MENTORING ACTIVITIES); 6) CONTRIBUTING TO CAPACITY BUILDING ACTIVITIES AMONG NEIGHBORHOOD COMMUNITY BASED ORGANIZATIONS AND ARTISTS BY CONVENING AND NURTURING CROSS-SECTOR COALITIONS TO INCREASE INVESTMENT INTO THE COMMUNITY AND TO DRIVE COMMUNITY CHANGE AROUND A SHARED VISION AND AGENDA.JCNI EMPLOYS A NEIGHBORHOOD INNOVATION DISTRICT (NID) METHODOLOGY, AS DESCRIBED BY THE BROOKINGS INSTITUTION (SEE: HTTP://WWW.BROOKINGS.EDU/ABOUT/PROGRAMS/METRO/INNOVATION-DISTRICTS). THE NID FRAMEWORK PROMOTES INCLUSIVE INNOVATION, AND EQUITABLE ACCESS TO COMMUNITY RESOURCES, COUPLED WITH INFORMATION SHARING AND ACTIVITIES THAT PROMOTE CITIZEN ENGAGEMENT, AS WELL AS THE STRENGTHENING OF LOCAL NONPROFITS. NIDS PROMOTE AN INNOVATION ECOSYSTEM AT THE INTERSECTION OF A REGION'S ECONOMIC ASSETS, PHYSICAL ASSETS, AND NETWORKING ASSETS. TO MAXIMIZE ITS EFFECTIVENESS, JCNI HAS FORGED A PUBLIC PRIVATE PARTNERSHIP WITH THE CITY OF SAN DIEGO, AND PARTNERS WITH OTHER ENTITIES SUCH AS THE SAN DIEGO ASSOCIATION OF GOVERNMENTS, THE SAN DIEGO UNIFIED SCHOOL DISTRICT, AND THE METROPOLITAN TRANSIT SYSTEM TO ACHIEVE ITS MISSION.

    Expenses $6,014,876 · Grants $106,850 · Revenue $1,376,896

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Norman F Hapke Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Claire Hapke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Valerie Jacobs Hapke

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Andrew Hapke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Reginald Jones - Term 112022

    PRESIDENT & CEO

    Total calculated
    $643,001
    From this org
    $643,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,563
    Bonus
    $295,980
    Other
    $150,458
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $643,001

  • Paul Robinson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Juan Carlos Hernandez

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Louie Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Laila Aziz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Selena Ellis-Viscarra

    SENIOR VICE PRESIDENT OF OPERATIONS

    Total calculated
    $152,724
    From this org
    $149,971
    From related orgs
    $0
    Other
    $2,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,971
    Bonus
    $0
    Other
    $0
    Deferred
    $2,753
    Nontaxable benefits
    $0
    Filer's total
    $152,724

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT & CEO RECEIVES HOUSING ALLOWANCE AND IT IS INCLUDED IN OTHER COMPENSATION AS TAXABLE COMPENSATION.
PART I, LINE 4A
REGINALD JONES PRESIDENT AND CEO RECEIVED A SEVERANCE PAYMENT OF $113,958.
PART I, LINE 7
REGINALD JONES PRESIDENT AND CEO RECEIVED $295,980 IN DISCRETIONARY BONUSES.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MARKET CREEK PLAZA LLC

    INVESTMENT · CA · income $0 · assets $0

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • JCNI TROLLEY PARTNERS LLC

    REAL ESTATE RENTAL · CA · income $0 · assets $0

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • WEST SIDE CREEK LLC

    RENTAL · CA · income $2,269,441 · assets $32,677,033

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • JACOBS FACILITIES LLC

    CONSTRUCTION · CA · income $0 · assets $0

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • MARKET ROW LLC

    INVESTMENT · CA · income $0 · assets $0

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • NORTHWEST VILLAGE LLC

    REAL ESTATE INVESTMENT · CA · income $252,069 · assets $11,558,433

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • NORTHWEST VILLAGE PARCEL 1 LLC

    INVESTMENT · CA · income $0 · assets $11,595,639

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • JCNI SOUTHWEST VILLAGE HOUSING PARTNERS LLC

    INVESTMENT · CA · income $0 · assets $0

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MARKET CREEK PARTNERS LLC

    RELATED · REAL ESTATE · CA · 89.85% owned · share of income -$1,481 · share of assets $13,021,977 · general or managing partner

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MARKET CREEK HOUSING PARTNERSHIP

    C · CONSTRUCTION · CA · 100% owned · controlled entity

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

  • DIAMOND MANAGEMENT INC

    C · REAL ESTATE MANAGEMENT · CA · 100% owned · share of income -$1,613 · share of assets $115,446 · controlled entity

    Directly controlled by JACOBS CENTER FOR NEIGHBORHOOD INNOVATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323179349307397

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