Totals
- Total revenue
- $1,315,548
- Total expenses
- $1,616,445
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,301,713
- Investment income
- $13,835
- Other revenue
- $0
- Total assets, end of year
- $3,873,892
- Total liabilities, end of year
- $5,606,924
- Net assets or fund balances, end of year
- -$1,733,032
- Program services expenses (Part IX)
- $1,535,492
- Management and general expenses
- $80,953
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,535,492
Program services were 95.0% 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: CABLE CHARGES
total $39,154 · related or exempt $39,154
-
2b · Program service revenue: LAUNDRY & TENANT CHARGES
total $10,656 · related or exempt $10,656
-
2c · Program service revenue: MISCELLANEOUS INCOME
total $409 · related or exempt $409
-
2d · Program service revenue: TENANT RENTS
total $1,251,494 · related or exempt $1,251,494
-
3 · Investment income
total $13,835 · excluded $13,835
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $302,732 · program services $302,732
-
8 · Pension plan contributions
total $190 · program services $190
-
9 · Other employee benefits
total $35,846 · program services $35,846
-
10 · Payroll taxes
total $22,443 · program services $22,443
-
11a · Fees: management
total $69,120 · management and general $69,120
-
11b · Fees: legal
total $275 · program services $275
-
11c · Fees: accounting
total $10,883 · management and general $10,883
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $26,833 · program services $26,833
-
14 · Information technology
total $16,642 · program services $16,642
-
15 · Royalties
total $0
-
16 · Occupancy
total $733,057 · program services $733,057
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $950 · management and general $950
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $309,408 · program services $309,408
-
23 · Insurance
total $578 · program services $578
-
24a · Other expenses: TENANT RELOCATION EXPENSE
total $47,112 · program services $47,112
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $20,048 · program services $20,048
-
24c · Other expenses: WORKERS COMPENSATION
total $7,131 · program services $7,131
-
24d · Other expenses: MORTGAGE INSURANCE PREMIUM
total $6,724 · program services $6,724
-
24e · All other expenses
total $6,473 · program services $6,473
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $218,150 · end of year $92,864
-
2 · Savings and temporary cash investments
beginning of year $972,771 · end of year $1,102,797
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $878 · end of year $10,043
-
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
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $98,631 · end of year $140,472
-
10a · Land, buildings and equipment: cost or other basis
$11,618,019
-
10b · Land, buildings and equipment: accumulated depreciation
$9,405,130
-
10c · Land, buildings and equipment, net
beginning of year $2,447,280 · end of year $2,212,889
-
11 · Investments: publicly traded securities
beginning of year $335,739 · end of year $314,827
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $179,375 · end of year $268,288
-
19 · Deferred revenue
beginning of year $2,953 · end of year $2,510
-
23 · Secured mortgages and notes payable
beginning of year $5,268,379 · end of year $5,237,878
-
25 · Other liabilities
beginning of year $95,611 · end of year $98,248
-
27 · Net assets without donor restrictions
beginning of year -$1,472,869 · end of year -$1,733,032
Mission and programs · 2024
Mission
TO PROVIDE ELDERLY PERSONS WITH HOUSING, FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING; AND TO ENGAGE IN ANY OTHER CHARITABLE ACTIVITY.
-
THE CORPORATION WAS ORGANIZED TO DEVELOP, OWN AND OPERATE AN APARTMENT COMPLEX CONSISTING OF 96 RENTAL UNITS FOR LOW-INCOME SENIORS IN CONCORD, CALIFORNIA.
Expenses $1,535,492 · Revenue $1,301,713
As filed on the 2024 return.
Listed in Part VII
-
Frank FribleyFRANK FRIBLEY
President
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marilyn WollenweberMARILYN WOLLENWEBER
Vice President
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Trudy MeigsTRUDY MEIGS
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Wayne MatzenWAYNE MATZEN
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Claudia MaciasCLAUDIA MACIAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 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
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.
-
501(C)(3) · LOW-INCOME HOUSING · CA
Directly controlled by 1ST PRESBYTERIAN CHURCH OF CONCORD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501769349300135
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