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Nonprofiteer
← PAULA APARTMENTS INC

Form 990 for tax year 2023

Filed by PAULA APARTMENTS INC.

Totals

Total revenue
$452,725
Total expenses
$479,141
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$452,696
Investment income
$29
Other revenue
$0
Total assets, end of year
$2,395,274
Total liabilities, end of year
$2,673,908
Net assets or fund balances, end of year
-$278,634
Program services expenses (Part IX)
$409,988
Management and general expenses
$69,153
Fundraising expenses
$0
Program service expenses (Part III)
$409,988

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GARY SCHOENNAUER

    CHAIRMAN OF THE BOD (THRU 06/23)

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RICHARD L CONNIFF

    CHAIRMAN/DIRECTOR/CEO

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RU WEERAKOON

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ROBERT SHERRARD

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DUNIA NOEL

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JAIME ANGULO

    DIRECTOR (THRU 09/23)

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • KERMIT CONLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOSH CROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • GERRY DEYOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JEFF GEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • MATTHEW JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SUSAN MUYSENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOYCE RODGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • GEOFFREY MORGAN

    PRESIDENT/CEO OF FCH (THRU 06/23)

    Total calculated
    $253,469
    From this org
    $0
    From related orgs
    $224,214
    Other
    $29,255
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,620 related
    Bonus
    $0
    Other
    $0 + $67,594 related
    Deferred
    $0 + $6,726 related
    Nontaxable benefits
    $0 + $22,529 related
    Filer's total
    $0 + $253,469 related

  • MICHAEL SANTERO

    NON-VOTING VP & COO

    Total calculated
    $252,348
    From this org
    $0
    From related orgs
    $202,254
    Other
    $50,094
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,254 related
    Bonus
    $0 + $3,000 related
    Other
    $0
    Deferred
    $0 + $5,978 related
    Nontaxable benefits
    $0 + $44,116 related
    Filer's total
    $0 + $252,348 related

  • DAVID MUNSON

    DIRECTOR OF FINANCE OF FCH

    Total calculated
    $240,117
    From this org
    $0
    From related orgs
    $191,526
    Other
    $48,591
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,526 related
    Bonus
    $0 + $3,000 related
    Other
    $0
    Deferred
    $0 + $5,656 related
    Nontaxable benefits
    $0 + $42,935 related
    Filer's total
    $0 + $240,117 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 DOES NOT COMPENSATE ANY OFFICERS. A RELATED ORGANIZATION, FIRST COMMUNITY HOUSING (FCH), USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO OF FCH AND RELATED ORGANIZATIONS: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
GEOFFREY MORGAN THE PRESIDENT AND CEO LEFT FCH JUNE 2023 AND RECEIVED SEVERANCE OF $67,593.78

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.

  • FIRST COMMUNITY HOUSING

    501(C)(3) · DEVELOPER OF AFFORDABLE HOUSING · CA

  • RINCON DE LOS ESTEROS INC

    501(C)(3) · GENERAL PARTNER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • GUADALUPE INC

    501(C)(3) · GENERAL PARTNER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • BETTY ANNE GARDENS INC

    501(C)(3) · GENERAL PARTNER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • CRAIG GARDENS INC

    501(C)(3) · GENERAL PARTNER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • EL PASEO APARTMENTS INC

    501(C)(3) · GENERAL PARTNER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • TROY APARTMENTS INC

    501(C)(3) · OWNS AND MANAGES APARTMENTS FOR LOW INCOME FAMILIES · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • FIRST HOUSING SERVICES INC

    501(C)(3) · SERVICE PROVIDER FOR AFFORDABLE HOUSING · CA

    Directly controlled by FIRST COMMUNITY HOUSING

  • FIRST COMMUNITY LAND

    501(C)(3) · DEVELOPE AND PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES · CA

    Directly controlled by FIRST COMMUNITY HOUSING

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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202412269349300631

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