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Nonprofiteer
← BURBANK HOUSING MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by BURBANK HOUSING MANAGEMENT CORPORATION.

Totals

Total revenue
$6,494,498
Total expenses
$6,440,020
Contributions and grants received
$45,817
Grants paid
$0
Program service revenue
$6,448,681
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,264,335
Total liabilities, end of year
$691,125
Net assets or fund balances, end of year
$2,573,210
Program services expenses (Part IX)
$4,809,579
Management and general expenses
$1,630,441
Fundraising expenses
$0
Program service expenses (Part III)
$4,809,579

Program services were 74.7% 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

    $45,817

  • 2a · Program service revenue: PROPERTY MANAGEMENT AN

    total $3,238,661 · related or exempt $3,238,661

  • 2b · Program service revenue: ERC TAX REFUND

    total $1,350,478 · related or exempt $1,350,478

  • 2c · Program service revenue: RESIDENT SERVICES FEE

    total $957,661 · related or exempt $957,661

  • 2d · Program service revenue: ACCOUNTING FEE

    total $523,478 · related or exempt $523,478

  • 2e · Program service revenue: RENTAL INCOME

    total $234,620 · related or exempt $234,620

  • 2f · All other program service revenue

    total $143,783 · related or exempt $143,783

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,788,928 · program services $2,788,928

  • 9 · Other employee benefits

    total $581,920 · program services $581,920

  • 10 · Payroll taxes

    total $213,335 · program services $213,335

  • 11b · Fees: legal

    total $7,439 · management and general $7,439

  • 11c · Fees: accounting

    total $7,350 · management and general $7,350

  • 11g · Fees: other

    total $186,468 · management and general $186,468

  • 14 · Information technology

    total $346,625 · program services $346,625

  • 17 · Travel

    total $12,415 · program services $12,415

  • 19 · Conferences, conventions and meetings

    total $3,100 · program services $3,100

  • 24a · Other expenses: O/H REIMBURSEMENT

    total $1,429,184 · management and general $1,429,184

  • 24b · Other expenses: ADMINISTRATIVE

    total $348,970 · program services $348,970

  • 24c · Other expenses: RESIDENT SUPPORT SERVIC

    total $311,808 · program services $311,808

  • 24d · Other expenses: UTILITIES

    total $55,917 · program services $55,917

  • 24e · All other expenses

    total $146,561 · program services $146,561

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $533,722 · end of year $432,870

  • 4 · Accounts receivable

    beginning of year $2,103,899 · end of year $2,660,619

  • 9 · Prepaid expenses and deferred charges

    beginning of year $338,253 · end of year $170,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $243,260 · end of year $691,125

  • 27 · Net assets without donor restrictions

    beginning of year $2,732,614 · end of year $2,573,210

Mission and programs · 2023

Mission

THE CORPORATION'S MISSION IS TO MANAGE AFFORDABLE RENTAL HOUSING PROPERTIES FOR THEIR PROPERTY OWNERS.

Activities or mission (Part I)

THE CORPORATION PROVIDES MANAGEMENT SERVICES, COMPLIANCE AND COMMUNITY SERVICE ACTIVITIES FOR AFFORDABLE HOUSING PROPERTIES.

  • THE ORGANIZATION MANAGES 70 LOW-INCOME HOUSING PROPERTIES WITH 3,500 UNITS FOR LOW-INCOME ELDERLY, FAMILIES AND HANDICAPPED PERSONS.

    Expenses $4,809,579 · Revenue $6,448,681

As filed on the 2023 return.

Listed in Part VII

  • SHARON WRIGHT

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • DAVID GOUIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • PAUL DONALDSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • DOROTHY BEATTIE

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 5.4 related

  • KOMRON SHAHHOSSEINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • NATE BELDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • TOMAS PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • JEAN KAPOLCHOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.4 related

  • ANDREA LEARNED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • LESLIE CAMINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • CHARLOTTE RADMILOVIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • JON M STARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • STEPHANIE BEDOLLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • SUE MADDIGAN

    FORMER SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • KIM AUGUST

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 5.1 related

  • LAWRANCE FLORIN

    CEO

    Total calculated
    $549,817
    From this org
    $0
    From related orgs
    $515,517
    Other
    $34,300
    Hours/week
    15 + 27.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,112 related
    Bonus
    $0 + $103,405 related
    Other
    $0
    Deferred
    $0 + $12,431 related
    Nontaxable benefits
    $0 + $21,869 related
    Filer's total
    $0 + $549,817 related

  • BENJAMIN WICKHAM

    COO

    Total calculated
    $228,504
    From this org
    $0
    From related orgs
    $190,222
    Other
    $38,282
    Hours/week
    15 + 27.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,222 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,572 related
    Nontaxable benefits
    $0 + $30,710 related
    Filer's total
    $0 + $228,504 related

  • ANNIE MCNEANY

    DIRECTOR OF PROPERTY MGMT

    Total calculated
    $184,780
    From this org
    $156,555
    From related orgs
    $0
    Other
    $28,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,555
    Bonus
    $0
    Other
    $0
    Deferred
    $6,345
    Nontaxable benefits
    $21,880
    Filer's total
    $184,780

  • BONNIE MADDOX

    ASST. DIR. OF PROPERTY MGM

    Total calculated
    $182,399
    From this org
    $177,310
    From related orgs
    $0
    Other
    $5,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,310
    Bonus
    $35,000
    Other
    $0
    Deferred
    $4,292
    Nontaxable benefits
    $797
    Filer's total
    $182,399

  • LAUREN TAYLOR

    DIRECTOR OF RESIDENT SERVI

    Total calculated
    $144,868
    From this org
    $129,610
    From related orgs
    $0
    Other
    $15,258
    Hours/week
    40

  • ALICIA GOMEZ

    DIRECTOR OF COMPLIANCE

    Total calculated
    $129,799
    From this org
    $115,102
    From related orgs
    $0
    Other
    $14,697
    Hours/week
    40

  • CINDI JOHNSON

    SENIOR ACCOUNTANT

    Total calculated
    $119,448
    From this org
    $113,879
    From related orgs
    $0
    Other
    $5,569
    Hours/week
    40

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO AND COO. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.
PART I, LINE 4A
BONNIE MADDOX GOT A SEVERANCE PAYMENT OF $35,000.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349313241

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