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← ECS HOUSING CORPORATION

Form 990 for tax year 2022

Filed by ECS HOUSING CORPORATION.

Totals

Total revenue
$4,678,386
Total expenses
$7,544,841
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,678,386
Investment income
$0
Other revenue
$0
Total assets, end of year
$132,206,032
Total liabilities, end of year
$67,046,102
Net assets or fund balances, end of year
$65,159,930
Program services expenses (Part IX)
$7,544,841
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,544,841

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $4,652,793 · related or exempt $4,378,048 · unrelated business $274,745

  • 2b · Program service revenue: OTHER INCOME

    total $25,593 · related or exempt $25,593

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $934,045 · program services $934,045

  • 9 · Other employee benefits

    total $206,694 · program services $206,694

  • 10 · Payroll taxes

    total $60,051 · program services $60,051

  • 11a · Fees: management

    total $251,940 · program services $251,940

  • 11b · Fees: legal

    total $94,769 · program services $94,769

  • 11c · Fees: accounting

    total $71,108 · program services $71,108

  • 13 · Office expenses

    total $66,669 · program services $66,669

  • 20 · Interest

    total $867,967 · program services $867,967

  • 22 · Depreciation, depletion and amortization

    total $1,011,663 · program services $1,011,663

  • 24a · Other expenses: CONTRACTS

    total $1,713,465 · program services $1,713,465

  • 24b · Other expenses: INSURANCE

    total $831,658 · program services $831,658

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $669,401 · program services $669,401

  • 24d · Other expenses: UTILITIES

    total $487,780 · program services $487,780

  • 24e · All other expenses

    total $277,631 · program services $277,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,850,806 · end of year $4,061,535

  • 4 · Accounts receivable

    beginning of year $868,257 · end of year $1,055,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,350 · end of year $871,702

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

    $99,404,369

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

    $2,102,526

  • 10c · Land, buildings and equipment, net

    beginning of year $98,215,829 · end of year $97,301,843

  • 15 · Other assets

    beginning of year $6,797,009 · end of year $28,915,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,684,263 · end of year $5,139,907

  • 24 · Unsecured notes and loans payable

    beginning of year $35,460,552 · end of year $56,045,606

  • 25 · Other liabilities

    beginning of year $1,614,051 · end of year $5,860,589

  • 27 · Net assets without donor restrictions

    beginning of year $68,026,385 · end of year $65,159,930

Mission and programs · 2022

Mission

ECS HOUSING CORPORATION EXISTS TO DEVELOP, CONSTRUCT, OPERATE, MAINTAIN, IMPROVE, BUY, SELL, CONVEY, ASSIGN, MORTGAGE OR LEASE ANY REAL ESTATE AND PERSONAL PROPERTY NECESSARY AND INCIDENT TO THE PROVIDING OF HOUSING FOR LOW-INCOME PERSONS IN ACCORDANCE WITH THE CORPORATION'S CHARITABLE PURPOSE.

  • HOLD REGULAR BOARD MEETINGS AT LEAST THREE TIMES EACH CALENDAR YEAR AS PER BYLAWS TO DECIDE FOR THE PURPOSE OF ORGANIZATION, ELECTION OF OFFICERS, AND TRANSACTION OF OTHER BUSINESS RELATED TO THE AFFILIATE REAL ESTATE PROPERTIES AND ENTITIES.

    Expenses $7,544,841 · Revenue $4,678,386

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

Listed in Part VII

  • Mary Elizabeth Stokes

    PRESIDENT

    Total calculated
    $324,582
    From this org
    $0
    From related orgs
    $297,866
    Other
    $26,716
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,866 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,910 related
    Nontaxable benefits
    $0 + $8,806 related
    Filer's total
    $0 + $324,582 related

  • Richard Springwater

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Cooke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Barbara Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Frederic Knapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dara Silveira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jon Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Todd Clayter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kate Hartley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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 1B
COMPENSATION SURVEY OR STUDY WAS USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVE(S). BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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.

  • EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

    501(C)(3) · HOMELESS SHELTERS, HOUSING, SUPPORT SERVICES, HOUSING DEVELOPER · CA

  • CANON BARCUS INC

    501(C)(3) · GP ACTIVITIES FOR RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

    Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

  • CANON KIP INC

    501(C)(3) · GP ACTIVITIES FOR RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

    Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

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.

  • 1000 SUTTER LLC

    HOLDS RENTAL REAL ESTATE, GRANADA HOTEL, FOR LOW-INCOME PERSONS · CA · income -$746,446 · assets $64,420,183

    Directly controlled by ECS HOUSING CORPORATION

  • 440 GEARY LLC

    HOLDS RENTAL REAL ESTATE, DIVA HOTEL, FOR LOW-INCOME PERSONS · CA · income -$1,180,372 · assets $66,638,067

    Directly controlled by ECS HOUSING CORPORATION

Related partnerships

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

  • 275 10TH STREET ASSOCIATES LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

  • CANON BARCUS ASSOCIATES LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

  • CANON KIP ASSOCIATES II LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

  • 1064 MISSION LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349319309

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