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Nonprofiteer
← CENTURY VILLAGES AT CABRILLO INC

Form 990 for tax year 2022

Filed by CENTURY VILLAGES AT CABRILLO INC.

Totals

Total revenue
$8,590,532
Total expenses
$6,342,426
Contributions and grants received
$1,348,127
Grants paid
$0
Program service revenue
$6,880,298
Investment income
$103,264
Other revenue
$258,843
Total assets, end of year
$33,533,264
Total liabilities, end of year
$15,535,337
Net assets or fund balances, end of year
$17,997,927
Program services expenses (Part IX)
$6,298,393
Management and general expenses
$44,033
Fundraising expenses
$0
Program service expenses (Part III)
$6,298,393

Program services were 99.3% 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)

    $446,000

  • 1f · All other contributions, gifts and grants

    $902,127

  • 2a · Program service revenue: RENTAL PROPERTY INCOME

    total $3,809,706 · related or exempt $3,809,706

  • 2b · Program service revenue: PARTNERSHIP INCOME

    total $1,901,778 · related or exempt $1,901,778

  • 2c · Program service revenue: OTHER REVENUE

    total $1,168,814 · related or exempt $1,168,814

  • 3 · Investment income

    total $103,264 · excluded $103,264

  • 8a · Fundraising events: gross income

    $260,394

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $260,394 · excluded $260,394

  • 11a · Other revenue: INVESTMENT LOSS

    total -$1,551 · related or exempt -$1,551

  • 11e · Other revenue, total

    -$1,551

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,879,066 · program services $2,879,066

  • 11b · Fees: legal

    total $8,469 · management and general $8,469

  • 11c · Fees: accounting

    total $30,000 · management and general $30,000

  • 11g · Fees: other

    total $5,564 · management and general $5,564

  • 14 · Information technology

    total $9,744 · program services $9,744

  • 20 · Interest

    total $290,973 · program services $290,973

  • 22 · Depreciation, depletion and amortization

    total $677,457 · program services $677,457

  • 23 · Insurance

    total $176,276 · program services $176,276

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,421,952 · program services $1,421,952

  • 24b · Other expenses: GENERAL AND ADMINISTRAT

    total $542,476 · program services $542,476

  • 24c · Other expenses: UTILITIES

    total $172,387 · program services $172,387

  • 24d · Other expenses: TEMPORARY LABOR

    total $66,015 · program services $66,015

  • 24e · All other expenses

    total $62,047 · program services $62,047

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $482,358 · end of year $215,428

  • 4 · Accounts receivable

    beginning of year $124,118 · end of year $87,648

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,061 · end of year $65,370

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

    $21,185,179

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

    $9,312,404

  • 10c · Land, buildings and equipment, net

    beginning of year $12,355,210 · end of year $11,872,775

  • 13 · Investments: program-related

    beginning of year $1,475,360 · end of year $1,345,780

  • 15 · Other assets

    beginning of year $16,231,003 · end of year $19,946,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,219,457 · end of year $1,223,110

  • 25 · Other liabilities

    beginning of year $13,751,832 · end of year $14,312,227

  • 27 · Net assets without donor restrictions

    beginning of year $15,749,821 · end of year $17,997,927

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 $6,298,393 · Revenue $6,878,747

As filed on the 2022 return.

Listed in Part VII

  • Yvonne Burke

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Carrie Hawkins

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Steven R Lewis

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Daniel Lopez

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Louise Oliver

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Kristina Olson

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $0
    From related orgs
    $16,300
    Other
    $0
    Hours/week
    0 + 1 related

  • Darroch F Young

    DIRECTOR

    Total calculated
    $12,550
    From this org
    $0
    From related orgs
    $12,550
    Other
    $0
    Hours/week
    0 + 1 related

  • Brian Nicholas Dandrea

    SENIOR VICE PRESIDENT, HOU

    Total calculated
    $450,607
    From this org
    $0
    From related orgs
    $390,298
    Other
    $60,309
    Hours/week
    19.5 + 20.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,256 related
    Bonus
    $0 + $70,238 related
    Other
    $0 + $15,804 related
    Deferred
    $0 + $26,935 related
    Nontaxable benefits
    $0 + $33,374 related
    Filer's total
    $0 + $450,607 related

  • Steven A Colman

    EXECUTIVE DIRECTOR CVC

    Total calculated
    $350,220
    From this org
    $0
    From related orgs
    $298,200
    Other
    $52,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $231,787 related
    Bonus
    $0 + $53,351 related
    Other
    $0 + $13,062 related
    Deferred
    $0 + $23,531 related
    Nontaxable benefits
    $0 + $28,489 related
    Filer's total
    $0 + $350,220 related

  • Howard C Chan

    VICE PRESIDENT, HOUSING

    Total calculated
    $271,732
    From this org
    $0
    From related orgs
    $225,024
    Other
    $46,708
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,430 related
    Bonus
    $0 + $35,054 related
    Other
    $0 + $540 related
    Deferred
    $0 + $17,993 related
    Nontaxable benefits
    $0 + $28,715 related
    Filer's total
    $0 + $271,732 related

  • Kim Wee

    VICE PRESIDENT, HOUSING CH

    Total calculated
    $226,158
    From this org
    $0
    From related orgs
    $180,110
    Other
    $46,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $148,751 related
    Bonus
    $0 + $30,531 related
    Other
    $0 + $828 related
    Deferred
    $0 + $14,340 related
    Nontaxable benefits
    $0 + $31,708 related
    Filer's total
    $0 + $226,158 related

  • Brett Morales

    VICE PRESIDENT, PROPERTY M

    Total calculated
    $212,688
    From this org
    $0
    From related orgs
    $171,808
    Other
    $40,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $143,685 related
    Bonus
    $0 + $27,295 related
    Other
    $0 + $828 related
    Deferred
    $0 + $13,646 related
    Nontaxable benefits
    $0 + $27,234 related
    Filer's total
    $0 + $212,688 related

  • Oscar Alvarado

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $356,971
    From this org
    $0
    From related orgs
    $304,857
    Other
    $52,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $244,308 related
    Bonus
    $0 + $48,812 related
    Other
    $0 + $11,737 related
    Deferred
    $0 + $24,368 related
    Nontaxable benefits
    $0 + $27,746 related
    Filer's total
    $0 + $356,971 related

  • Lonnie Mayfield

    OFFICER

    Total calculated
    $186,213
    From this org
    $0
    From related orgs
    $135,654
    Other
    $50,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $109,315 related
    Bonus
    $0 + $21,176 related
    Other
    $0 + $5,163 related
    Deferred
    $0 + $10,996 related
    Nontaxable benefits
    $0 + $39,563 related
    Filer's total
    $0 + $186,213 related

  • Heather Sharp

    OFFICER

    Total calculated
    $152,199
    From this org
    $0
    From related orgs
    $135,766
    Other
    $16,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $135,508 related
    Bonus
    $0 + $50 related
    Other
    $0 + $208 related
    Deferred
    $0 + $10,770 related
    Nontaxable benefits
    $0 + $5,663 related
    Filer's total
    $0 + $152,199 related

  • Christopher Pope

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $236,137
    From this org
    $0
    From related orgs
    $205,118
    Other
    $31,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $176,552 related
    Bonus
    $0 + $28,506 related
    Other
    $0 + $60 related
    Deferred
    $0 + $16,405 related
    Nontaxable benefits
    $0 + $14,614 related
    Filer's total
    $0 + $236,137 related

  • Paige O'Donnell

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $232,556
    From this org
    $0
    From related orgs
    $205,556
    Other
    $27,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $176,552 related
    Bonus
    $0 + $28,956 related
    Other
    $0 + $48 related
    Deferred
    $0 + $16,162 related
    Nontaxable benefits
    $0 + $10,838 related
    Filer's total
    $0 + $232,556 related

  • Gilbert Gonzales

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $165,607
    From this org
    $0
    From related orgs
    $142,521
    Other
    $23,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $126,141 related
    Bonus
    $0 + $16,320 related
    Other
    $0 + $60 related
    Deferred
    $0 + $11,397 related
    Nontaxable benefits
    $0 + $11,689 related
    Filer's total
    $0 + $165,607 related

  • Jordan Johnson

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $184,489
    From this org
    $0
    From related orgs
    $160,295
    Other
    $24,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $152,941 related
    Bonus
    $0 + $7,300 related
    Other
    $0 + $54 related
    Deferred
    $0 + $12,817 related
    Nontaxable benefits
    $0 + $11,377 related
    Filer's total
    $0 + $184,489 related

  • Maria Ruiz

    SENIOR DEVELOPMENT MANAGER

    Total calculated
    $182,418
    From this org
    $0
    From related orgs
    $140,249
    Other
    $42,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $114,665 related
    Bonus
    $0 + $16,307 related
    Other
    $0 + $9,277 related
    Deferred
    $0 + $11,188 related
    Nontaxable benefits
    $0 + $30,981 related
    Filer's total
    $0 + $182,418 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 $734,463 · assets $2,609,421

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • CVC PHASE IV LLC

    TO ACT AS THE GENERAL PARTNER OF CABRILLO GATEWAY, LP · CA · income -$60 · assets $545,543

    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 $1,044,210

    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 -$128 · assets $9,450,639

    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 $3,025,155

    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 $1,044,210 · 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 -$60 · share of assets $545,543 · general or managing partner

    Directly controlled by CVC PHASE IV LLC

  • CASA DE CABRILLO LP

    RELATED · TO DEVELOP A PORTION OF PROPERTY LOCATED IN LONG BEACH, CALIFORNIA · CA · 0.01% owned · share of income $337,126 · general or managing partner

    Directly controlled by CENTURY VILLAGES AT CABRILLO INC

  • 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 -$1,196,420 · share of assets $3,740,692 · 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 -$125 · share of assets $2,145,851 · 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 -$128 · share of assets $9,450,639 · 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 $3,025,155 · 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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349318300

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