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Nonprofiteer
← CENTURY VILLAGES AT CABRILLO INC

Form 990 for tax year 2023

Filed by CENTURY VILLAGES AT CABRILLO INC.

Totals

Total revenue
$5,618,245
Total expenses
$7,288,235
Contributions and grants received
$860,445
Grants paid
$0
Program service revenue
$4,364,826
Investment income
$125,811
Other revenue
$267,163
Total assets, end of year
$33,730,683
Total liabilities, end of year
$17,402,746
Net assets or fund balances, end of year
$16,327,937
Program services expenses (Part IX)
$7,241,018
Management and general expenses
$47,217
Fundraising expenses
$0
Program service expenses (Part III)
$7,241,018

Program services were 99.4% 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.

  • 1e · Government grants (contributions)

    $562,600

  • 1f · All other contributions, gifts and grants

    $297,845

  • 2a · Program service revenue: RENTAL PROPERTY INCOME

    total $4,132,996 · related or exempt $4,132,996

  • 2b · Program service revenue: OTHER REVENUE

    total $231,830 · related or exempt $231,830

  • 3 · Investment income

    total $125,811 · excluded $125,811

  • 8a · Fundraising events: gross income

    $267,163

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $267,163 · excluded $267,163

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,262,710 · program services $3,262,710

  • 11b · Fees: legal

    total $3,492 · management and general $3,492

  • 11c · Fees: accounting

    total $32,800 · management and general $32,800

  • 11g · Fees: other

    total $10,925 · management and general $10,925

  • 14 · Information technology

    total $11,415 · program services $11,415

  • 20 · Interest

    total $372,817 · program services $372,817

  • 22 · Depreciation, depletion and amortization

    total $736,557 · program services $736,557

  • 23 · Insurance

    total $213,412 · program services $213,412

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,865,421 · program services $1,865,421

  • 24b · Other expenses: GENERAL AND ADMINISTRAT

    total $532,591 · program services $532,591

  • 24c · Other expenses: UTILITIES

    total $208,165 · program services $208,165

  • 24d · Other expenses: INVESTMENT LOSS

    total $783 · program services $783

  • 24e · All other expenses

    total $37,147 · program services $37,147

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $215,428 · end of year $156,753

  • 4 · Accounts receivable

    beginning of year $87,648 · end of year $91,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,370 · end of year $86,403

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

    $21,691,023

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

    $10,048,961

  • 10c · Land, buildings and equipment, net

    beginning of year $11,872,775 · end of year $11,642,062

  • 13 · Investments: program-related

    beginning of year $1,345,780 · end of year $1,344,997

  • 15 · Other assets

    beginning of year $19,946,263 · end of year $20,408,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,223,110 · end of year $1,514,731

  • 25 · Other liabilities

    beginning of year $14,312,227 · end of year $15,888,015

  • 27 · Net assets without donor restrictions

    beginning of year $17,997,927 · end of year $16,327,937

Mission and programs · 2023

Mission

CVC IS A NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATION THAT SERVES AS THE STEWARD OF THE VILLAGES AT CARBILLO. CVC DELIVERS PROPERTY MANAGEMENT, REAL ESTATE DEVELOPMENT, AND SUPPORTIVE SERVICES WHICH AIM TO EMPOWER RESIDENTS, RESTORE HEALTH AND INSPIRE HOPE.

Activities or mission (Part I)

TO PROVIDE LOW-INCOME HOUSING AND RELATED SOCIAL SUPPORTIVE SERVICES

  • DEVELOPMENT AND REHABILITATION OF RESIDENTIAL HOUSING FOR VARIOUS SOCIAL PROGRAMS, INCLUDING HOMELESS VETERANS AND FAMILIES

    Expenses $7,241,018 · Revenue $4,364,826

As filed on the 2023 return.

Listed in Part VII

  • Yvonne Burke

    CHAIR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,600
    Other
    $0
    Hours/week
    0 + 1 related

  • Carrie Hawkins

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,237
    Other
    $363
    Hours/week
    0 + 1 related

  • Steven R Lewis

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,600
    Other
    $0
    Hours/week
    0 + 1 related

  • Daniel Lopez

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $16,976
    Other
    $624
    Hours/week
    0 + 1 related

  • Louise Oliver

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,237
    Other
    $363
    Hours/week
    0 + 1 related

  • Kristina Olson

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,600
    Other
    $0
    Hours/week
    0 + 1 related

  • Darroch Young

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,600
    Other
    $0
    Hours/week
    0 + 1 related

  • Christopher Cameron

    DIRECTOR

    Total calculated
    $17,600
    From this org
    $0
    From related orgs
    $17,600
    Other
    $0
    Hours/week
    0 + 1 related

  • Brian Nicholas Dandrea

    PRESIDENT

    Total calculated
    $460,780
    From this org
    $0
    From related orgs
    $397,219
    Other
    $63,561
    Hours/week
    19.5 + 20.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,440 related
    Bonus
    $0 + $77,969 related
    Other
    $0 + $810 related
    Deferred
    $0 + $28,392 related
    Nontaxable benefits
    $0 + $35,169 related
    Filer's total
    $0 + $460,780 related

  • Steven Colman

    VICE PRESIDENT

    Total calculated
    $301,647
    From this org
    $0
    From related orgs
    $257,099
    Other
    $44,548
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,472 related
    Bonus
    $0 + $48,000 related
    Other
    $0 + $46,627 related
    Deferred
    $0 + $20,489 related
    Nontaxable benefits
    $0 + $24,059 related
    Filer's total
    $0 + $301,647 related

  • Howard Chan

    VICE PRESIDENT, CFO

    Total calculated
    $304,070
    From this org
    $0
    From related orgs
    $253,399
    Other
    $50,671
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,960 related
    Bonus
    $0 + $38,883 related
    Other
    $0 + $8,556 related
    Deferred
    $0 + $20,285 related
    Nontaxable benefits
    $0 + $30,386 related
    Filer's total
    $0 + $304,070 related

  • Kim Crawford Wee

    VICE PRESIDENT

    Total calculated
    $237,585
    From this org
    $0
    From related orgs
    $188,555
    Other
    $49,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $167,727 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $828 related
    Deferred
    $0 + $15,018 related
    Nontaxable benefits
    $0 + $34,012 related
    Filer's total
    $0 + $237,585 related

  • Brett Morales

    VICE PRESIDENT

    Total calculated
    $216,518
    From this org
    $0
    From related orgs
    $176,141
    Other
    $40,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $134,468 related
    Bonus
    $0 + $12,000 related
    Other
    $0 + $29,673 related
    Deferred
    $0 + $14,082 related
    Nontaxable benefits
    $0 + $26,295 related
    Filer's total
    $0 + $216,518 related

  • Ronald M Griffith

    VICE PRESIDENT

    Total calculated
    $590,972
    From this org
    $0
    From related orgs
    $521,853
    Other
    $69,119
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,985 related
    Bonus
    $0 + $94,997 related
    Other
    $0 + $38,871 related
    Deferred
    $0 + $32,082 related
    Nontaxable benefits
    $0 + $37,037 related
    Filer's total
    $0 + $590,972 related

  • Fern Hendrickson

    VICE PRESIDENT

    Total calculated
    $299,738
    From this org
    $0
    From related orgs
    $244,050
    Other
    $55,688
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,875 related
    Bonus
    $0 + $38,759 related
    Other
    $0 + $7,416 related
    Deferred
    $0 + $18,931 related
    Nontaxable benefits
    $0 + $36,757 related
    Filer's total
    $0 + $299,738 related

  • Beulah Ku

    VICE PRESIDENT, CORPORATE SECRETARY

    Total calculated
    $223,781
    From this org
    $0
    From related orgs
    $200,970
    Other
    $22,811
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,016 related
    Bonus
    $0 + $30,952 related
    Other
    $0 + $12,002 related
    Deferred
    $0 + $15,694 related
    Nontaxable benefits
    $0 + $7,117 related
    Filer's total
    $0 + $223,781 related

  • Andrea Santana

    ASSISTANT CORPORATE SECRETARY

    Total calculated
    $140,038
    From this org
    $0
    From related orgs
    $111,781
    Other
    $28,257
    Hours/week
    40

  • Jordan Johnson

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $218,974
    From this org
    $0
    From related orgs
    $191,696
    Other
    $27,278
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,150 related
    Bonus
    $0 + $23,492 related
    Other
    $0 + $54 related
    Deferred
    $0 + $15,347 related
    Nontaxable benefits
    $0 + $11,931 related
    Filer's total
    $0 + $218,974 related

  • Heather Sharp

    VICE PREISDENT, PROPERTY OPERATIONS

    Total calculated
    $213,036
    From this org
    $0
    From related orgs
    $191,301
    Other
    $21,735
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,731 related
    Bonus
    $0 + $24,300 related
    Other
    $0 + $270 related
    Deferred
    $0 + $15,283 related
    Nontaxable benefits
    $0 + $6,452 related
    Filer's total
    $0 + $213,036 related

  • Christopher Pope

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $260,990
    From this org
    $0
    From related orgs
    $235,232
    Other
    $25,758
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,558 related
    Bonus
    $0 + $27,119 related
    Other
    $0 + $9,555 related
    Deferred
    $0 + $13,818 related
    Nontaxable benefits
    $0 + $11,940 related
    Filer's total
    $0 + $260,990 related

  • Gilbert Gonzales

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $190,880
    From this org
    $0
    From related orgs
    $165,750
    Other
    $25,130
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,547 related
    Bonus
    $0 + $19,492 related
    Other
    $0 + $3,711 related
    Deferred
    $0 + $12,792 related
    Nontaxable benefits
    $0 + $12,338 related
    Filer's total
    $0 + $190,880 related

  • Maria Ruiz

    ASSISTANT CONTROLLER

    Total calculated
    $181,541
    From this org
    $0
    From related orgs
    $137,948
    Other
    $43,593
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,889 related
    Bonus
    $0 + $17,663 related
    Other
    $0 + $396 related
    Deferred
    $0 + $11,993 related
    Nontaxable benefits
    $0 + $31,600 related
    Filer's total
    $0 + $181,541 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

  • 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

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.

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.

  • CENTURY VILLAGES PROPERTY MANAGEMENT LLC

    TO PROVIDE PROPERTY MANAGEMENT SERVICES · CA · income $741,358 · assets $3,542,928

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • CVC PHASE IV LLC

    TO ACT AS THE GENERAL PARTNER OF CABRILLO GATEWAY, LP · CA · income -$62 · assets $531,579

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • CVC PHASE V LLC

    TO ACT AS THE GENERAL PARTNER OF ANCHOR PLACE, LP · CA · income -$175 · assets $1,146,806

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • CVC PHASE II LLC

    TO ACT AS THE GENERAL PARTNER OF PLAZA DE CABRILLO, L.P. · CA · income -$149 · assets $9,710,948

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • CVC PHASE VI LLC

    TO ACT AS THE GENERAL PARTNER OF PLAZA DE CABRILLO, L.P. · CA · income $0 · assets $9,626,765

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

Related partnerships

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

  • 12010 SOUTH VERMONT LLC

    TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY AT 12010 S VERMONT AVE,LOS ANGELES · CA

  • ACADEMY HALL LP

    TO ACQUIRE AND REHABILITATE THE ACADEMY HALL APARTMENTS · CA

  • ANCHOR PLACE LP

    RELATED · TO OWN/MANAGE AN AFFORDABLE APT COMMUNITY IN LONG BEACH, CALIFORNIA · CA · 0.01% owned · share of income -$175 · share of assets $1,146,806 · general or managing partner

    Directly controlled by CVC PHASE V LLC

  • BEACON PLACE LP

    TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA

  • BEACON POINTE LP

    TO DEVELOP AN AFFORDABLE APT COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA

  • CABRILLO GATEWAY LP

    RELATED · TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA · CA · 0.01% owned · share of income -$62 · share of assets $531,579 · general or managing partner

    Directly controlled by CVC PHASE IV LLC

  • CASA RITA LP

    TO DEVELOP A LOW INCOME HOUSING COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA

  • CENTURY ARROWHEAD VISTA LP

    TO OWN A 40 UNIT APARTMENT COMPLEX LOCATED IN SAN BERNARDINO, CALIFORNIA · CA

  • CENTURY BEACHWOOD APARTMENTS 2 LP

    TO DEVELOP A LOW INCOME HOUSING COMMUNITY LOCATED IN SOUTHERN CALIFORNIA · CA

  • FLORENCE MOREHOUSE LP

    TO DEVELOP A PORTION OF PROPERTY LOCATED IN LOS ANGELES, CALIFORNIA · CA

  • LONG BEACH SAVANNAH HOUSING LP

    RELATED · TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA · CA · 0.1% owned · share of income -$268,838 · share of assets $3,593,505 · general or managing partner

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • OSP HARBOR CONNECTION LLC

    TO OWN AND MANAGE AN AFFORDABLE APARTMENT COMMUNITY LOCATED IN SAN PEDRO · CA

  • THE FAMILY COMMONS AT CABRILLO LP

    RELATED · TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA · CA · 0.01% owned · share of income -$117 · share of assets $2,480,418 · general or managing partner

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • WEST LA VETERANS COLLECTIVE LLC

    CREATING A SUPPORTIVE HOUSING COMMUNITY FOR HOMELESS AND VETERANS IN WEST LA · CA

  • WOODBRIDGE APARTMENTS LP

    TO ACQUIRE A PROPERTY INTEREST LOCATED IN LONG BEACH, CALIFORNIA · CA

  • PLAZA DE CABRILLO LP

    RELATED · TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA · 0.01% owned · share of income -$149 · share of assets $9,710,948 · general or managing partner

    Directly controlled by CVC PHASE II LLC

  • THE COVE LP

    RELATED · TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA · 0.01% owned · share of assets $9,626,765 · general or managing partner

    Directly controlled by CVC PHASE VI LLC

  • CENTURY ACKERFIELD LLC

    TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA

  • CENTURY CITYVIEW LP

    TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA

  • THE BANNING LP

    TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA

  • CENTURY WLAVA 1 LP

    TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA

  • CENTURY WLAVA 2 LP

    TO ACQUIRE/DEVELOP A LOW INCOME HOUSING COMMUNITY · CA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349309064

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