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Nonprofiteer
← TENANTS AND OWNERS DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by TENANTS AND OWNERS DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,545,664
Total expenses
$7,892,931
Contributions and grants received
$2,255,716
Grants paid
$448,745
Program service revenue
$3,176,947
Investment income
$142,952
Other revenue
-$29,951
Total assets, end of year
$43,790,318
Total liabilities, end of year
$6,552,000
Net assets or fund balances, end of year
$37,238,318
Program services expenses (Part IX)
$3,202,162
Management and general expenses
$4,690,769
Fundraising expenses
$0
Program service expenses (Part III)
$3,202,162

Program services were 40.6% 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.

  • 1d · Related organizations

    $1,591,731

  • 1e · Government grants (contributions)

    $632,959

  • 1f · All other contributions, gifts and grants

    $31,026

  • 2a · Program service revenue: RESIDENT SERV REIMBURS

    total $1,391,299 · related or exempt $1,391,299

  • 2b · Program service revenue: INT INC - WOOLF HOUSE

    total $656,107 · related or exempt $656,107

  • 2c · Program service revenue: RENTAL INCOME

    total $545,728 · related or exempt $545,728

  • 2d · Program service revenue: INT INC - CEATRICE APT

    total $300,352 · related or exempt $300,352

  • 2e · Program service revenue: MISCELLANEOUS INCOME

    total $271,461 · related or exempt $271,461

  • 2f · All other program service revenue

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $142,952 · excluded $142,952

  • 6a · Gross rents

    real property $235,142

  • 6b · Less rental expenses

    real property $265,093

  • 6c · Rental income or loss

    real property -$29,951

  • 6d · Net rental income or loss

    total -$29,951 · unrelated business $31,670 · excluded -$61,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $448,745 · program services $448,745

  • 5 · Compensation of officers, directors and key employees

    total $799,037 · program services $302,998 · management and general $496,039

  • 7 · Other salaries and wages

    total $3,235,348 · program services $1,209,954 · management and general $2,025,394

  • 8 · Pension plan contributions

    total $132,812 · program services $33,775 · management and general $99,037

  • 9 · Other employee benefits

    total $500,889 · program services $235,284 · management and general $265,605

  • 10 · Payroll taxes

    total $259,832 · program services $92,792 · management and general $167,040

  • 11a · Fees: management

    total $22,680 · program services $22,680

  • 11d · Fees: lobbying

    total $309,035 · management and general $309,035

  • 11g · Fees: other

    total $958,947 · program services $181,098 · management and general $777,849

  • 13 · Office expenses

    total $148,324 · program services $20,600 · management and general $127,724

  • 20 · Interest

    total $63,785 · program services $63,785

  • 22 · Depreciation, depletion and amortization

    total $186,223 · program services $170,767 · management and general $15,456

  • 23 · Insurance

    total $22,264 · program services $16,022 · management and general $6,242

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $363,296 · program services $269,075 · management and general $94,221

  • 24b · Other expenses: RESEARCH EXP

    total $162,000 · management and general $162,000

  • 24c · Other expenses: TENANT MEALS/RENT SUBSI

    total $65,583 · management and general $65,583

  • 24d · Other expenses: UTILITIES

    total $61,393 · program services $60,761 · management and general $632

  • 24e · All other expenses

    total $152,738 · program services $73,826 · management and general $78,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,527,535 · end of year $1,183,509

  • 2 · Savings and temporary cash investments

    beginning of year $5,626,103 · end of year $7,503,800

  • 4 · Accounts receivable

    beginning of year $2,536,476 · end of year $2,728,023

  • 7 · Other notes and loans receivable

    beginning of year $25,532,090 · end of year $18,796,035

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,572 · end of year $35,468

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

    $8,496,236

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

    $5,593,864

  • 10c · Land, buildings and equipment, net

    beginning of year $3,170,102 · end of year $2,902,372

  • 12 · Investments: other securities

    end of year $1,511,806

  • 14 · Intangible assets

    beginning of year $11,750 · end of year $4,329

  • 15 · Other assets

    beginning of year $6,598,674 · end of year $9,124,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $840,272 · end of year $624,057

  • 19 · Deferred revenue

    beginning of year $598 · end of year $51

  • 23 · Secured mortgages and notes payable

    beginning of year $4,936,535 · end of year $4,476,360

  • 25 · Other liabilities

    beginning of year $1,792,788 · end of year $1,451,532

  • 27 · Net assets without donor restrictions

    beginning of year $38,443,859 · end of year $37,224,161

  • 28 · Net assets with donor restrictions

    beginning of year $11,250 · end of year $14,157

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING RESIDENT SERVICES AND COMMUNITY ADVOCACY FOR THE SOUTH OF MARKET NEIGHBORHOOD IN SAN FRANCISCO.

  • RESIDENTIAL SERVICE PROGRAM - FUNDS USED TO PROVIDE INEXPENSIVE DAILY MEALS AND RECREATION EVENTS TO SENIOR RESIDENTS FOR TODCO'S OWNED WOOLF HOUSE III PROJECT AS WELL AS ITS AFFILIATED PROJECTS: WOOLF HOUSE I & II, CEATRICE POLITE, MENDELSOHN HOUSE, LELAND APARTMENTS, COLEMAN HOUSE, KNOX SRO, ISABEL SRO AND BAYANIHAN SRO HOUSING PROJECTS FOR THE LOW INCOME AND ELDERLY

    Expenses $1,937,676 · Revenue $1,253,926

  • WOOLF HOUSE III - FUNDS USED FOR OPERATING 30 HOUSING UNITS FOR THE LOW INCOME FRAIL ELDERLY IN SAN FRANCISCO.

    Expenses $580,556 · Revenue $547,846

  • 6TH STREET PHOTOGRAPHY WORKSHOP - FUNDS USED FOR OPERATION OF A PHOTOGRAPHY WORKSHOP PROGRAM FOR THE BENEFIT OF THE NEIGHBORHOOD.

    Expenses $19,800 · Revenue $880

  • NEIGHBORHOOD DEVELOPMENT PROGRAM - FUNDS USED TO PROVIDE NEIGHBORHOOD SERVICES FOR TENANTS OF TODCO OWNED AND AFFILIATED PROJECTS AND OTHER LOW-INCOME RESIDENTS IN THE YERBA BUENA REDEVELOPMENT AREA.

    Expenses $664,130 · Grants $448,745 · Revenue $24

  • ALICE STREET GARDENS - FUNDS USED FOR THE OPERATION AND MAINTENANCE OF A COMMUNITY GARDEN OR OTHER FORMS OF COMMUNITY OPEN SPACE FOR THE BENEFIT OF THE NEIGHBORHOOD.

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

Listed in Part VII

  • Alicia Duke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bernadette Sy-Left On 42423

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Henry Izumazaki

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • April Concepcion

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Albert Gilbert III

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Don Falk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dora Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Allan Manalo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Misha Olivas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Elberling

    PRESIDENT

    Total calculated
    $333,673
    From this org
    $249,117
    From related orgs
    $28,158
    Other
    $56,398
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $249,117
    Bonus
    $0
    Other
    $0 + $28,158 related
    Deferred
    $27,000
    Nontaxable benefits
    $29,398
    Filer's total
    $305,515 + $28,158 related

  • Hector Burgos

    ASSISTANT SECRETARY

    Total calculated
    $257,982
    From this org
    $213,683
    From related orgs
    $0
    Other
    $44,299
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $213,683
    Bonus
    $0
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $39,149
    Filer's total
    $257,982

  • Anna Yee

    CEO

    Total calculated
    $367,673
    From this org
    $330,180
    From related orgs
    $0
    Other
    $37,493
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $330,180
    Bonus
    $0
    Other
    $0
    Deferred
    $3,000
    Nontaxable benefits
    $34,493
    Filer's total
    $367,673

  • Karen Gansen

    ASSISTANT SECRETARY

    Total calculated
    $115,248
    From this org
    $96,045
    From related orgs
    $0
    Other
    $19,203
    Hours/week
    40

  • Jonathan Jacobo

    DIR. ENGAGEMENT AND PUBLIC

    Total calculated
    $208,377
    From this org
    $191,724
    From related orgs
    $0
    Other
    $16,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,724
    Bonus
    $0
    Other
    $0
    Deferred
    $500
    Nontaxable benefits
    $16,153
    Filer's total
    $208,377

  • Barbara Lopez

    DIRECTOR OF COMMUNITY ENGAGEMENT

    Total calculated
    $222,104
    From this org
    $191,652
    From related orgs
    $0
    Other
    $30,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,652
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,452
    Filer's total
    $222,104

  • San Tran

    SENIOR ACCOUNTANT

    Total calculated
    $158,021
    From this org
    $135,362
    From related orgs
    $0
    Other
    $22,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,362
    Bonus
    $0
    Other
    $0
    Deferred
    $6,450
    Nontaxable benefits
    $16,209
    Filer's total
    $158,021

  • Virginia Grandi

    YERBA BUENA COMMUNITY ADVO

    Total calculated
    $147,298
    From this org
    $131,089
    From related orgs
    $0
    Other
    $16,209
    Hours/week
    40

  • Debbie Robinson

    SOCIAL WORKER SUPERVISOR

    Total calculated
    $163,280
    From this org
    $134,015
    From related orgs
    $0
    Other
    $29,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,015
    Bonus
    $0
    Other
    $0
    Deferred
    $4,500
    Nontaxable benefits
    $24,765
    Filer's total
    $163,280

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • TODCOYBC 3

    501(C)(3) · HOUSING FOR THE ELDERLY & HANDICAP · CA · controlled entity

    Directly controlled by TENANTS AND OWNERS DEVELOPMENT CORPORATION

  • TODCOYBC 4

    501(C)(3) · HOUSING FOR THE DISABLED · CA · controlled entity

    Directly controlled by TENANTS AND OWNERS DEVELOPMENT CORPORATION

  • TODCOYBC 5

    501(C)(3) · TO PROVIDE HOUSING TO LOW-INCOME SENIORS · CA · controlled entity

    Directly controlled by TENANTS AND OWNERS DEVELOPMENT CORPORATION

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.

  • YERBA BUENA CONSORTIUM LLC

    TO SUPPORT YERBA BUENA NEIGHBORHOOD RESIDENTS · CA · income $0 · assets $18,003

    Directly controlled by TENANTS AND OWNERS DEVELOPMENT CORPORATION

Related partnerships

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

  • KNOX PARTNERS 2 LP

    RELATED · LOW-INCOME HOUSING · CA · share of income -$2,182

    Directly controlled by TODCOYBC3

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349315750

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