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Nonprofiteer
← RICHARD S LIEB SENIOR APARTMENTS INC

Form 990 for tax year 2023

Filed by RICHARD S LIEB SENIOR APARTMENTS INC.

Totals

Total revenue
$283,023
Total expenses
$445,063
Contributions and grants received
$178,977
Grants paid
$0
Program service revenue
$100,814
Investment income
$3,232
Other revenue
$0
Total assets, end of year
$2,578,776
Total liabilities, end of year
$5,330,447
Net assets or fund balances, end of year
-$2,751,671
Program services expenses (Part IX)
$414,541
Management and general expenses
$30,522
Fundraising expenses
$0
Program service expenses (Part III)
$414,541

Program services were 93.1% 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.

  • 1d · Related organizations

    $2,124

  • 1e · Government grants (contributions)

    $176,853

  • 2a · Program service revenue: LAUNDRY & VENDING

    total $2,089 · related or exempt $2,089

  • 2b · Program service revenue: TENANT RENTS

    total $98,725 · related or exempt $98,725

  • 3 · Investment income

    total $3,232 · excluded $3,232

  • 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 $83,030 · program services $83,030

  • 8 · Pension plan contributions

    total $504 · program services $504

  • 9 · Other employee benefits

    total $13,239 · program services $13,239

  • 10 · Payroll taxes

    total $5,743 · program services $5,743

  • 11a · Fees: management

    total $17,184 · management and general $17,184

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $13,338 · management and general $13,338

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $590 · program services $590

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $5,115 · program services $5,115

  • 14 · Information technology

    total $1,970 · program services $1,970

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $189,115 · program services $189,115

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $536 · program services $536

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $104,950 · program services $104,950

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TENANT SERVICE EXPENSES

    total $3,951 · program services $3,951

  • 24b · Other expenses: WORKERS COMPENSATION

    total $3,668 · program services $3,668

  • 24c · Other expenses: DEBT ISSUANCE COSTS

    total $821 · program services $821

  • 24d · Other expenses: BAD DEBTS

    total $662 · program services $662

  • 24e · All other expenses

    total $647 · program services $647

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $249,372 · end of year $232,811

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $4,347 · end of year $5,571

  • 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 $4,278 · end of year $1,724

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

    $4,342,359

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

    $2,003,889

  • 10c · Land, buildings and equipment, net

    beginning of year $2,433,130 · end of year $2,338,470

  • 11 · Investments: publicly traded securities

    end of year $0

  • 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 $917,724 · end of year $963,738

  • 19 · Deferred revenue

    beginning of year $2,094 · end of year $4

  • 23 · Secured mortgages and notes payable

    beginning of year $4,354,483 · end of year $4,355,304

  • 25 · Other liabilities

    beginning of year $6,657 · end of year $11,401

  • 27 · Net assets without donor restrictions

    beginning of year -$2,589,631 · end of year -$2,751,671

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING TO SENIORS AND DISABLED PERSONS

  • THE ORGANIZATION OWNS AND OPERATES A 23 UNIT APARTMENT COMPLEX IN PETALUMA, CALIFORNIA FOR LOW-INCOME SENIORS AND PERSONS WITH DISABILITIES. THE PROPERTY IS REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AS TO RENT CHARGES, OPERATING METHODS AND OTHER MATTERS.

    Expenses $414,541 · Revenue $100,814

As filed on the 2023 return.

Listed in Part VII

  • Mary Stompe

    FORMER EXEC DIR

    Total calculated
    $167,046
    From this org
    $0
    From related orgs
    $151,176
    Other
    $15,870
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $151,176 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $15,500 related
    Nontaxable benefits
    not reported + $370 related
    Filer's total
    not reported + $167,046 related

  • Jennifer Litwak

    CEO/PRESIDENT

    Total calculated
    $108,256
    From this org
    $0
    From related orgs
    $105,373
    Other
    $2,883
    Hours/week
    0.1 + 40 related

  • Karin Anderson

    DIR OF FINANCE

    Total calculated
    $81,982
    From this org
    $0
    From related orgs
    $71,157
    Other
    $10,825
    Hours/week
    0.1 + 40 related

  • Sean Pryden

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Harry Coffey

    Vice CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Don Ross

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Ben Pryden

    Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • George F Spragens

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Anna Rose

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Joseph Tinney

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Roy Martinez

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Jeffrey Mayne

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Jim Ryan

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Matthew Haas

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 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

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.

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.

Related partnerships

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

  • CASA GRANDE SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • 575 VALLEJO STREET ASSOCIATES

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • 579 VALLEJO STREET ASSOCIATES

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • ACACIA LANE SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • TOUSSIN SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • KELLGREN SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • ORANGE TREE SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • SUN HOUSE SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • RIVER CITY SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

  • PONY EXPRESS SENIOR APARTMENTS LP

    LOW-INC HSG · CA

    Directly controlled by PEP HOUSING

Provenance

Return type
form_990
Tax year
2023
Filed
26 April 2024
IRS schema version
2023v5.0
Source object
202411229349302911

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