Skip to content
Nonprofiteer
← GP-TODCO A CALIFORNIA NONPROFIT CORPORATION

Form 990 for tax year 2023

Filed by GP-TODCO A CALIFORNIA NONPROFIT CORPORATION.

Totals

Total revenue
$259,499
Total expenses
$2,478,853
Contributions and grants received
$206,679
Grants paid
$206,679
Program service revenue
$40,600
Investment income
$12,220
Other revenue
$0
Total assets, end of year
$1,478,254
Total liabilities, end of year
$12,950,721
Net assets or fund balances, end of year
-$11,472,467
Program services expenses (Part IX)
$2,443,514
Management and general expenses
$35,339
Fundraising expenses
$0
Program service expenses (Part III)
$2,443,514

Program services were 98.6% 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)

    $206,679

  • 2a · Program service revenue: PARTNERSHIP MGMT FEE

    total $27,000 · related or exempt $27,000

  • 2b · Program service revenue: C.H. OFFICE REIMBURSEM

    total $13,600 · related or exempt $13,600

  • 3 · Investment income

    total $12,220 · excluded $12,220

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $206,679 · program services $206,679

  • 11c · Fees: accounting

    total $28,550 · management and general $28,550

  • 13 · Office expenses

    total $2,549 · program services $2,549

  • 16 · Occupancy

    total $56,928 · program services $56,928

  • 22 · Depreciation, depletion and amortization

    total $7,830 · program services $7,830

  • 23 · Insurance

    total $6,249 · program services $312 · management and general $5,937

  • 24a · Other expenses: LOSS FROM PARTNERSHIPS

    total $2,158,542 · program services $2,158,542

  • 24b · Other expenses: TELEPHONE

    total $6,141 · program services $6,141

  • 24c · Other expenses: UTILITIES

    total $4,533 · program services $4,533

  • 24d · Other expenses: MISCELLANEOUS

    total $701 · management and general $701

  • 24e · All other expenses

    total $151 · management and general $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,088 · end of year $148,778

  • 2 · Savings and temporary cash investments

    beginning of year $3,356

  • 4 · Accounts receivable

    beginning of year $174,180 · end of year $139,377

  • 9 · Prepaid expenses and deferred charges

    beginning of year $920 · end of year $1,009

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

    $410,276

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

    $214,533

  • 10c · Land, buildings and equipment, net

    beginning of year $203,573 · end of year $195,743

  • 15 · Other assets

    beginning of year $973,917 · end of year $993,347

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,369 · end of year $190,401

  • 25 · Other liabilities

    beginning of year $10,601,778 · end of year $12,760,320

  • 27 · Net assets without donor restrictions

    beginning of year -$9,253,113 · end of year -$11,472,467

Mission and programs · 2023

Mission

DEVELOP AFFORDABLE HOUSING IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFIT OF LOW INCOME, ELDERLY, AND DISABLED RESIDENTS.

  • GP/TODCO-A PROVIDES DEVELOPMENT ADMINISTRATIVE SERVICES TO AFFORDABLE HOUSING PROJECTS IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFITS OF LOW-INCOME, ELDERLY, OR DISABLED RESIDENTS. THE PROJECTS DEVELOPED BY GP/TODCO-A CONSIST OF THE KNOX SRO, WOOLF HOUSE III, HOTEL ISABEL, LELAND, AND BAYANIHAN HOUSE PROJECTS THAT PROVIDE HOUSING FOR QUALIFIED HOUSEHOLDS. IN ADDITION, GP/TODCO-A IS THE CORPORATE GENERAL PARTNER IN THE KNOX PARTNERS LIMITED PARTNERSHIP, HOTEL GRAND SOUTHERN AND BAYANIHAN PARTNERS, WHICH OWN THE KNOX SRO, HOTEL ISABEL AND BAYANIHAN HOUSE PROJECTS, RESPECTIVELY. THESE PARTNERSHIPS QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE.

    Expenses $2,443,514 · Grants $206,679 · Revenue $40,600

As filed on the 2023 return.

Listed in Part VII

  • Karen Gansen

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Albert Gilbert

    BOARD CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Pacia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bernadette Sy

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carla Laurel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matthias Mormino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dora Lee - Left 22823

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Denis Henmi - Left 22823

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eric Tao - Left 22823

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Allan Manalo - Left 22823

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Elberling

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Anna Yee

    CEO

    Total calculated
    $0
    Hours/week
    5 + 35 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.

Grants on this return

  • THE KNOX PARTNERS LIMITED PARTNERSHIP

    $97,684

    RENT SUBSIDY

  • BAYANIHAN PARTNERS A CALIFORNIA LIMITED PARTNERSHIP

    $72,709

    RENT SUBSIDY

  • HOTEL GRAND SOUTHERN

    $36,286

    RENT SUBSIDY

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.

  • GPTODCO-B INC

    501(C)(3) · MANAGING GENERAL PARTNER OF CEATRICE POLITE · CA · controlled entity

    Directly controlled by GPTODCO-A INC

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.

  • THE KNOX PARTNERS LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · CA · 1% owned · share of income $8,644 · share of assets $2,629,810 · general or managing partner

    Directly controlled by GPTODCO-A

  • HOTEL GRAND SOUTHERN

    RELATED · LOW INCOME HOUSING · CA · 0.01% owned · share of income $23,949 · share of assets $1,538,588 · general or managing partner

    Directly controlled by GPTODCO-A

  • BAYANIHAN PARTNERS A CALIF LTD PARTN

    RELATED · LOW INCOME HOUSING · CA · 0.01% owned · share of income -$196,151 · share of assets $578,712 · general or managing partner

    Directly controlled by GPTODCO-A

  • CEATRICE POLITE LIMITED PARTNERSHIP

    LOW INCOME HOUSING · CA

  • WOOLF HOUSE PARTNERS LP

    LOW INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349324814

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.