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Nonprofiteer
← THE@KELSEY

Form 990 for tax year 2022

Filed by THE@KELSEY.

Totals

Total revenue
$6,212,775
Total expenses
$1,378,779
Contributions and grants received
$6,057,544
Grants paid
$0
Program service revenue
$155,231
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,466,619
Total liabilities, end of year
$50,840
Net assets or fund balances, end of year
$10,415,779
Program services expenses (Part IX)
$969,748
Management and general expenses
$167,621
Fundraising expenses
$241,410
Program service expenses (Part III)
$969,748

Program services were 70.3% 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.

  • 1f · All other contributions, gifts and grants

    $6,057,544

  • 2a · Program service revenue: Program Services

    total $155,231 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $802,701 · program services $576,901 · management and general $62,932 · fundraising $162,868

  • 9 · Other employee benefits

    total $42,402 · program services $32,411 · management and general $1,426 · fundraising $8,565

  • 10 · Payroll taxes

    total $67,636 · program services $51,086 · management and general $4,924 · fundraising $11,626

  • 11c · Fees: accounting

    total $70,130 · program services $47,000 · management and general $23,130 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $7,768 · fundraising $7,768

  • 12 · Advertising and promotion

    total $58,416 · program services $37,837 · management and general $7,755 · fundraising $12,824

  • 13 · Office expenses

    total $30,819 · program services $16,830 · management and general $11,507 · fundraising $2,482

  • 14 · Information technology

    total $19,487 · program services $1,261 · management and general $18,226 · fundraising $0

  • 16 · Occupancy

    total $36,043 · program services $19,143 · management and general $8,979 · fundraising $7,921

  • 17 · Travel

    total $10,200 · program services $8,898 · management and general $864 · fundraising $438

  • 22 · Depreciation, depletion and amortization

    total $12,564 · program services $0 · management and general $12,564 · fundraising $0

  • 24a · Other expenses: Vacational Leave Accrued

    total $40,149 · program services $29,610 · management and general $2,509 · fundraising $8,030

  • 24b · Other expenses: Professional Development

    total $19,212 · program services $13,218 · management and general $446 · fundraising $5,548

  • 24c · Other expenses: Program Consultants

    total $127,683 · program services $127,223 · management and general $390 · fundraising $70

  • 24d · Other expenses: Meals

    total $3,044 · program services $232 · management and general $1,052 · fundraising $1,760

  • 24e · All other expenses

    total $30,525 · program services $8,098 · management and general $10,917 · fundraising $11,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,907,828 · end of year $2,157,016

  • 2 · Savings and temporary cash investments

    beginning of year $128,440

  • 3 · Pledges and grants receivable

    beginning of year $1,650,885 · end of year $3,654,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,046 · end of year $7,335

  • 10c · Land, buildings and equipment, net

    beginning of year $7,863,424

  • 11 · Investments: publicly traded securities

    beginning of year $23,533 · end of year $23,533

  • 14 · Intangible assets

    end of year $2,345,375

  • 15 · Other assets

    end of year $2,278,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $340,814 · end of year $50,840

  • 19 · Deferred revenue

    beginning of year $500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $6,154,559

  • 27 · Net assets without donor restrictions

    beginning of year $4,048,946 · end of year $8,911,608

  • 28 · Net assets with donor restrictions

    beginning of year $1,532,837 · end of year $1,504,171

Mission and programs · 2022

Mission

The Kelsey advances disability-forward housing solutions that open doors to homes and opportunities for everyone. We both co-develop affordable, accessible, inclusive housing and lead advocacy and field-building efforts to create market conditions so inclusive housing becomes the norm.

  • THE KELSEY HOUSING DEVELOPMENT PROJECTS: DESIGN, FINANCE AND DEVELOP 200+ UNITS OF NEW AFFORDABLE, ACCESSIBLE, INCLUSIVE HOURSING WITH 25% RESERVED FOR PEOPLE WITH DISABILITIES; WORK WITH PROPERTY OWNERS TO RESERVE AFFORDABLE UNITS FOR PEOPLE WITH DISABILITIES

    Expenses $323,250

  • INCLUSIVE DESIGN STANDARDS: DEVELOP A SET OF DESIGN AND OPERATIONAL STANDARDS THAT CAN BE USED BY DESIGNERS, DEVELOPERS AND POLICY MAKERS TO CREATE MORE AFFORDABLE, ACCESSIBLE, INCLUSIVE HOUSING

    Expenses $323,249

  • FIELD BUILDING: BUILD AND EDUCATE A COMMUNITY OF PEOPLE WITH AND WITHOUT DISABILITIES THAT ADVOCATE FOR POLICIES THAT CREATE MORE AFFORDABLE, ACCESSIBLE INCLUSIVE HOUSING

    Expenses $323,249

As filed on the 2022 return.

Listed in Part VII

  • Micaela Connery

    CEO

    Total calculated
    $165,000
    From this org
    $165,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000 + $165,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,000 + $165,000 related

  • Caroline Bas

    COO

    Total calculated
    $149,039
    From this org
    $149,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,039 + $149,039 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $149,039 + $149,039 related

  • Name redacted

    Senior Project Manager

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $110,000 + $110,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $110,000 + $110,000 related

  • Aubrie Lee

    Director

    Total calculated
    $0
    Hours/week
    2

  • Carol Weld King

    Director

    Total calculated
    $0
    Hours/week
    2

  • Cate Sullivan

    Director

    Total calculated
    $0
    Hours/week
    2

  • Colleen Kelly

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dom Kelly

    Director

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Grigsby

    Director

    Total calculated
    $0
    Hours/week
    2

  • Erik Doyle

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lindsy Johnson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Shaina Li

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Wade

    Director

    Total calculated
    $0
    Hours/week
    2

  • Swathi Bonda

    Director

    Total calculated
    $0
    Hours/week
    2

  • Will Goodman

    Director

    Total calculated
    $0
    Hours/week
    2

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.

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.

  • The Kelsey Ayer Station LLC

    Housing Developmen t · CA

    Directly controlled by The Kelsey

  • The Kelsey Civic Center LLC

    Provide services to public · CA

    Directly controlled by The Kelsey

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333199349311378

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