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← RYSE COMMONS

Form 990 for tax year 2023

Filed by RYSE COMMONS.

Totals

Total revenue
$867,344
Total expenses
$606,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$867,344
Total assets, end of year
$12,541,351
Total liabilities, end of year
$10,724,561
Net assets or fund balances, end of year
$1,816,790
Program services expenses (Part IX)
$606,365
Management and general expenses
$181
Fundraising expenses
$0
Program service expenses (Part III)
$606,365

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.

  • 6a · Gross rents

    real property $867,344

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $867,344

  • 6d · Net rental income or loss

    total $867,344 · related or exempt $867,344

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $181 · management and general $181

  • 20 · Interest

    total $129,442 · program services $129,442

  • 22 · Depreciation, depletion and amortization

    total $412,856 · program services $412,856

  • 24a · Other expenses: REIMBURSEMENTS TO CDE

    total $64,067 · program services $64,067

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,793 · end of year $274,661

  • 3 · Pledges and grants receivable

    beginning of year $37,809

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

    $11,951,612

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

    $707,220

  • 10c · Land, buildings and equipment, net

    beginning of year $11,598,002 · end of year $11,244,392

  • 15 · Other assets

    beginning of year $299,703 · end of year $1,022,298

  • 23 · Secured mortgages and notes payable

    beginning of year $10,670,718 · end of year $10,724,561

  • 27 · Net assets without donor restrictions

    beginning of year $1,550,589 · end of year $1,816,790

Mission and programs · 2023

Mission

RYSE COMMONS IS THE NEW CAMPUS COMPLETED IN 2022. THE VISION TO CREATE A PERMANENT CENTER FOR YOUTH BY BUILDING AND MAINTAINING A PHYSICAL SPACE IS NOW ACTIVE WITH PROGRAMMING, ENTREPRENEURSHIP, AND CO-LOCATION WITH ORGANIZATION PROVIDING RELATED YOUTH SERVICES. ALSO, A NEW FREE YOUTH HEALTH CLINIC WAS COMPLETED IN 2023.

Activities or mission (Part I)

TO CREATE A PERMANENT CENTER FOR YOUTH BY BUILDING AND MAINTAINING PHYSICAL SPACE IN A 45,000 SQ FT YOUTH CENTER AND TO PROVIDE PROGRAMMING, ENTREPRENEURSHIP, AND A CO-LOCATION WITH ORGANIZATIONS PROVIDING RELATED YOUTH SERVICES.

  • THE RYSE COMMONS CAMPUS, NOW COMPLETED, WAS CREATED AS A NEW SPACE FOR THE YOUTH IN RICHMOND WITH THE CAPACITY TO ENRICH AND SERVE THE COMMUNITY. OUR GOALS REPRESENT OUR VISION IN RYSE COMMONS.

    Expenses $606,365

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimberly Aceves-Iniguez

    BOARD CHAIR

    Total calculated
    $169,023
    From this org
    $0
    From related orgs
    $169,023
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $169,023 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $169,023 related

  • Sonia Bustamante

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Angela Clausen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ken Ikeda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Esquivel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

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.

  • RYSE INC

    501(C)(3) · SOCIAL JUSTICE FOR YOUTH · CA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349308744

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