Form 990 for tax year 2022
Filed by ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER.
Totals
- Total revenue
- $837,507
- Total expenses
- $669,056
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $765,301
- Investment income
- $113
- Other revenue
- $72,093
- Total assets, end of year
- $8,412,915
- Total liabilities, end of year
- $6,621,220
- Net assets or fund balances, end of year
- $1,791,695
- Program services expenses (Part IX)
- $669,056
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $669,056
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.
-
2a · Program service revenue: RENTAL INCOME
total $765,301 · related or exempt $765,301
-
3 · Investment income
total $113 · excluded $113
-
11a · Other revenue: UTILITY RECOVERY
total $57,645 · related or exempt $57,645
-
11b · Other revenue: LAUNDRY INCOME
total $10,715 · related or exempt $10,715
-
11c · Other revenue: RENTERS INSURANCE
total $3,733 · related or exempt $3,733
-
11e · Other revenue, total
$72,093
Functional expenses
Part IX, the statement of functional expenses.
-
10 · Payroll taxes
total $3,547 · program services $3,547
-
11a · Fees: management
total $29,312 · program services $29,312
-
11b · Fees: legal
total $2,253 · program services $2,253
-
11c · Fees: accounting
total $1,780 · program services $1,780
-
11g · Fees: other
total $5,506 · program services $5,506
-
13 · Office expenses
total $359 · program services $359
-
20 · Interest
total $121,320 · program services $121,320
-
22 · Depreciation, depletion and amortization
total $127,040 · program services $127,040
-
23 · Insurance
total $14,077 · program services $14,077
-
24a · Other expenses: UTILITIES
total $117,179 · program services $117,179
-
24b · Other expenses: PROPERTY TAXES
total $58,521 · program services $58,521
-
24c · Other expenses: LEASE EXPENSES
total $54,212 · program services $54,212
-
24d · Other expenses: ON-SITE MANAGER COST
total $44,945 · program services $44,945
-
24e · All other expenses
total $89,005 · program services $89,005
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $84,858 · end of year $115,518
-
2 · Savings and temporary cash investments
beginning of year $13,496 · end of year $0
-
4 · Accounts receivable
beginning of year $1,275 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,495 · end of year $3,804
-
10a · Land, buildings and equipment: cost or other basis
$9,366,582
-
10b · Land, buildings and equipment: accumulated depreciation
$1,072,989
-
10c · Land, buildings and equipment, net
beginning of year $8,336,012 · end of year $8,293,593
-
17 · Accounts payable and accrued expenses
beginning of year $3,087 · end of year $10,086
-
22 · Loans and payables to officers and key people
beginning of year $6,755,753 · end of year $6,545,868
-
25 · Other liabilities
beginning of year $57,052 · end of year $65,266
-
27 · Net assets without donor restrictions
beginning of year $1,623,244 · end of year $1,791,695
Mission and programs · 2022
Mission
ST.CLARE APARTMENTS, INC IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION THAT OWNS AND OPERATES THREE APARTMENT COMPLEXES FOR A TOTAL OF 41 UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Activities or mission (Part I)
OWNS & OPERATES 3 BUILDINGS TOTALING 41 UNITS FOR LOW/MODERATE INCOME INDIVIDUALS & FAMILIES
-
TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Expenses $669,056 · Revenue $837,394
As filed on the 2022 return.
Listed in Part VII
-
Michael PierceMICHAEL PIERCE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lynn PierceLYNN PIERCE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sue MitchellSUE MITCHELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Anne BuckleyANNE BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hugo TorresHUGO TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa CarlsmithLISA CARLSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kathleen PutnamKATHLEEN PUTNAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike McKibbenMIKE MCKIBBEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sister Christina Heltsley OpSISTER CHRISTINA HELTSLEY OP
EXECUTIVE DIR.
- Total calculated
- $0
- Hours/week
- 20 + 1 related
-
Diana OteroDIANA OTERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Edgar TenorioEDGAR TENORIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rafael AvendanoRAFAEL AVENDANO
DIRECTOR
- 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.
-
ST FRANCIS CENTER OF REDWOOD CITY
501(C)(3) · HELP LOW-INCOME FAMILIES IN REDWOOD CITY · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411229349302466
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