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Nonprofiteer
← THE@KELSEY

Form 990 for tax year 2023

Filed by THE@KELSEY.

Totals

Total revenue
$2,025,215
Total expenses
$2,062,043
Contributions and grants received
$1,983,880
Grants paid
$0
Program service revenue
$22,246
Investment income
$19,089
Other revenue
$0
Total assets, end of year
$10,495,453
Total liabilities, end of year
$116,502
Net assets or fund balances, end of year
$10,378,951
Program services expenses (Part IX)
$1,336,718
Management and general expenses
$380,640
Fundraising expenses
$344,685
Program service expenses (Part III)
$1,336,718

Program services were 64.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,983,880

  • 2a · Program service revenue: Program Services

    total $22,246 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $19,089 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $345,000 · program services $345,000 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $911,700 · program services $535,662 · management and general $102,970 · fundraising $273,068

  • 9 · Other employee benefits

    total $182,100 · program services $133,560 · management and general $22,451 · fundraising $26,089

  • 10 · Payroll taxes

    total $100,748 · program services $71,139 · management and general $8,531 · fundraising $21,078

  • 11a · Fees: management

    total $65,000 · program services $0 · management and general $65,000 · fundraising $0

  • 11b · Fees: legal

    total $1,483 · program services $1,483 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $72,168 · program services $11,911 · management and general $60,257 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $2,292 · fundraising $2,292

  • 12 · Advertising and promotion

    total $58,508 · program services $31,487 · management and general $17,587 · fundraising $9,434

  • 13 · Office expenses

    total $34,516 · program services $13,904 · management and general $18,245 · fundraising $2,367

  • 14 · Information technology

    total $28,249 · program services $1,320 · management and general $26,812 · fundraising $117

  • 16 · Occupancy

    total $37,911 · program services $0 · management and general $37,911 · fundraising $0

  • 17 · Travel

    total $32,018 · program services $31,117 · management and general $0 · fundraising $901

  • 19 · Conferences, conventions and meetings

    total $15,933 · program services $15,933 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $6,834 · program services $0 · management and general $6,834 · fundraising $0

  • 24a · Other expenses: Professional Development

    total $27,384 · program services $16,961 · management and general $6,488 · fundraising $3,935

  • 24b · Other expenses: Program Consultant

    total $30,390 · program services $28,197 · management and general $2,193 · fundraising $0

  • 24c · Other expenses: Meals

    total $6,630 · program services $4,300 · management and general $1,694 · fundraising $636

  • 24d · Other expenses: Taxes & Licenses

    total $5,423 · program services $1,705 · management and general $3,667 · fundraising $51

  • 24e · All other expenses

    total $97,756 · program services $93,039 · management and general $0 · fundraising $4,717

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,157,016 · end of year $1,710,840

  • 3 · Pledges and grants receivable

    beginning of year $3,375,970 · end of year $2,192,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,335 · end of year $14,382

  • 11 · Investments: publicly traded securities

    beginning of year $23,533 · end of year $4

  • 14 · Intangible assets

    beginning of year $2,345,375 · end of year $0

  • 15 · Other assets

    beginning of year $2,557,390 · end of year $6,577,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,840 · end of year $116,502

  • 27 · Net assets without donor restrictions

    beginning of year $8,911,608 · end of year $8,881,780

  • 28 · Net assets with donor restrictions

    beginning of year $1,504,171 · end of year $1,497,171

Mission and programs · 2023

Mission

The Kelsey advances disability-forward housing solutions that open doors to homes and opportunities for everyone. We both co-develop affordable, accessible, inclusive housing and lead advocacy and field-building efforts to create market conditions so inclusive housing becomes the norm.

  • THE KELSEY HOUSING DEVELOPMENT PROJECTS: DESIGN, FINANCE AND DEVELOP 200+ UNITS OF NEW AFFORDABLE, ACCESSIBLE, INCLUSIVE HOURSING WITH 25% RESERVED FOR PEOPLE WITH DISABILITIES; WORK WITH PROPERTY OWNERS TO RESERVE AFFORDABLE UNITS FOR PEOPLE WITH DISABILITIES

    Expenses $445,574

  • INCLUSIVE DESIGN STANDARDS: DEVELOP A SET OF DESIGN AND OPERATIONAL STANDARDS THAT CAN BE USED BY DESIGNERS, DEVELOPERS AND POLICY MAKERS TO CREATE MORE AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING

    Expenses $445,572

  • FIELD BUILDING: BUILD AND EDUCATE A COMMUNITY OF PEOPLE WITH AND WITHOUT DISABILITIES THAT ADVOCATE FOR POLICIES THAT CREATE MORE AFFORDABLE, ACCESSIBLE INCLUSIVE HOUSING

    Expenses $445,572

As filed on the 2023 return.

Listed in Part VII

  • Micaela Connery

    CEO

    Total calculated
    $177,000
    From this org
    $177,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $177,000

  • Caroline Bas

    COO

    Total calculated
    $168,000
    From this org
    $168,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,000

  • Dom Kelly

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lindsy Johnson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Shaina Li

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Wade

    Director

    Total calculated
    $0
    Hours/week
    2

  • Swathi Bonda

    Director

    Total calculated
    $0
    Hours/week
    2

  • Will Goodman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Arpitha Shetty

    Director

    Total calculated
    $0
    Hours/week
    2

  • Capri Roth

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Angarita

    Director

    Total calculated
    $0
    Hours/week
    2

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

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.

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.

  • The Kelsey Ayer Station LLC

    Housing Developmen t · CA

    Directly controlled by The Kelsey

  • The Kelsey Civic Center LLC

    Provide services to public · CA

    Directly controlled by The Kelsey

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2024
IRS schema version
2023v5.1
Source object
202432979349300418

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