Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HUD ASSISTANCE INCOME

  total $2,170,667 · related or exempt $2,170,667

• 2b · Program service revenue: OCLP HOUSING LOAN INTEREST

  total $190,285 · related or exempt $190,285

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $5,552 · related or exempt $5,552

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $5,552

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,170,667 · program services $2,170,667

• 11c · Fees: accounting

  total $4,950 · management and general $4,950

• 11f · Fees: investment management

  total $5,073 · management and general $5,073

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 24a · Other expenses: Bank Fees

  total $4,256 · management and general $4,256

• 24b · Other expenses: Other Expenses

  total $333 · management and general $333

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $165,636 · end of year $155,764

• 2 · Savings and temporary cash investments

  beginning of year $2,569,854 · end of year $2,725,588

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $6,496,124 · end of year $6,496,124

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

  $109,029

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $109,029 · end of year $109,029

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $1,199,605 · end of year $1,199,605

• 15 · Other assets

  beginning of year $176,683 · end of year $176,683

• 17 · Accounts payable and accrued expenses

  beginning of year $59,669

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $342,566 · end of year $203,220

• 27 · Net assets without donor restrictions

  beginning of year $10,233,211 · end of year $10,578,088

• 28 · Net assets with donor restrictions

  beginning of year $81,485 · end of year $81,485

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

ALL OF THE EMPLOYEES LISTED ON FORM 990 PART VII SECTION A--OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES--ARE EMPLOYED AND COMPENSATED BY FRONT PORCH COMMUNITIES AND SERVICES. THE ORGANIZATION RELIED ON FRONT PORCH COMMUNITIES AND SERVICES WHO USED 3 METHODS DESCRIBED ON PART I, LINE 3 TO ESTABLISH OFFICER'S COMPENSATION. THE METHODS THEY USED ARE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FRONT PORCH COMMUNITIES AND SERVICES REPORTS 100% OF THE INDIVIDUAL'S COMPENSATION ON W-2'S ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. HOWEVER, SOME OF THESE EMPLOYEES ARE ASSIGNED DUTIES FOR OTHER RELATED ORGANIZATIONS (SEE SCHEDULE R FOR ADDITIONAL INFORMATION REGARDING THE RELATED ORGANIZATIONS). THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES REMITTED TO CARING HOUSING MINISTRIES.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN 457(F): AMOUNTS INCLUDED IN W-2 SORAYA DIAZ: $12,107 JOHN WOODWARD: $8,110 RACHEL VRANICH: $16,282 EDUARDO SALVADOR $18,125 KARI OLSON: $18,424 AMOUNTS IN DEFERRED SORAYA DIAZ: NONE JOHN WOODWARD: NONE RACHEL VRANICH: NONE EDUARDO SALVADOR: NONE KARI OLSON: NONE

Related partnerships

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

• OAK CENTERS LP

  Related · AFFORDABLE SENIOR HOUSING · CA · 28.11% owned · share of income $87 · share of assets $5,278,954 · general or managing partner

  Directly controlled by CARING HOUSING MINISTRIES