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Nonprofiteer
← TODCO YBC 5 INC

Form 990 for tax year 2022

Filed by TODCO YBC 5 INC.

Totals

Total revenue
$8,911,952
Total expenses
$1,661,293
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,910,598
Investment income
$1,354
Other revenue
$0
Total assets, end of year
$12,515,274
Total liabilities, end of year
$3,801,510
Net assets or fund balances, end of year
$8,713,764
Program services expenses (Part IX)
$1,316,358
Management and general expenses
$344,935
Fundraising expenses
$0
Program service expenses (Part III)
$1,316,358

Program services were 79.2% 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: CANCELLATION OF MORTGA

    total $7,563,000 · related or exempt $7,563,000

  • 2b · Program service revenue: RENT INCOME

    total $1,319,862 · related or exempt $1,319,862

  • 2c · Program service revenue: RELEASE FROM RESIDUAL

    total $26,179 · related or exempt $26,179

  • 2d · Program service revenue: MISCELLANOUS REVENUE

    total $1,557 · related or exempt $1,557

  • 3 · Investment income

    total $1,354 · excluded $1,354

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $402,309 · program services $204,655 · management and general $197,654

  • 9 · Other employee benefits

    total $78,068 · program services $39,713 · management and general $38,355

  • 10 · Payroll taxes

    total $37,281 · program services $18,965 · management and general $18,316

  • 11a · Fees: management

    total $36,125 · program services $36,125

  • 11c · Fees: accounting

    total $15,060 · management and general $15,060

  • 11g · Fees: other

    total $1,683 · management and general $1,683

  • 12 · Advertising and promotion

    total $3,160 · management and general $3,160

  • 13 · Office expenses

    total $58,323 · management and general $58,323

  • 22 · Depreciation, depletion and amortization

    total $490,185 · program services $490,185

  • 23 · Insurance

    total $55,168 · program services $55,168

  • 24a · Other expenses: UTILITIES

    total $195,866 · program services $195,866

  • 24b · Other expenses: OPERATING & MAINTENANCE

    total $139,199 · program services $139,199

  • 24c · Other expenses: NURSING HOMES/ASSISTED

    total $123,727 · program services $123,727

  • 24d · Other expenses: WORKERS' COMPENSATION

    total $18,264 · program services $9,291 · management and general $8,973

  • 24e · All other expenses

    total $6,875 · program services $3,464 · management and general $3,411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,644 · end of year $1,068,489

  • 4 · Accounts receivable

    beginning of year $55,800 · end of year $237,982

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

    $19,253,244

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

    $8,627,028

  • 10c · Land, buildings and equipment, net

    beginning of year $11,096,800 · end of year $10,626,216

  • 15 · Other assets

    beginning of year $636,187 · end of year $582,587

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,320 · end of year $205,448

  • 19 · Deferred revenue

    end of year $22

  • 23 · Secured mortgages and notes payable

    beginning of year $9,925,584 · end of year $3,262,584

  • 25 · Other liabilities

    beginning of year $332,422 · end of year $333,456

  • 27 · Net assets without donor restrictions

    beginning of year $1,463,105 · end of year $8,713,764

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING AND RESIDENT SERVICES FOR THE SOUTH OF MARKET NEIGHBORHOOD OF SAN FRANCISCO

  • TODCO/YBC 5 OWNS EUGENE COLEMAN COMMUNITY HOUSE, THE CONSTRUCTION OF WHICH WAS COMPLETED AND TENANTS FIRST MOVED IN ON SEPTEMBER 23, 2005. EUGENE COLEMAN COMMUNITY HOUSE PROVIDES 85 APARTMENTS TO LOW INCOME SENIORS IN SAN FRANCISCO, CALIFORNIA. THE PROJECT IS OPERATED UNDER SECTION 202 CAPITAL ADVANCE PROGRAM AND APPLICABLE HUD REGULATIONS.

    Expenses $1,316,358 · Revenue $8,910,598

As filed on the 2022 return.

Listed in Part VII

  • Alicia Duke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Henry Izumazaki

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Bernadette Sy-Left On 42423

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Albert Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Don Falk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • April Veneracion Ang

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dora Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Allan Manalo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Misha Olivas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Elberling

    PRESIDENT

    Total calculated
    $333,673
    From this org
    $0
    From related orgs
    $277,275
    Other
    $56,398
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,117 related
    Bonus
    $0
    Other
    $0 + $28,158 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $29,398 related
    Filer's total
    $0 + $333,673 related

  • Anna Yee

    CEO

    Total calculated
    $367,673
    From this org
    $0
    From related orgs
    $330,180
    Other
    $37,493
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,180 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,000 related
    Nontaxable benefits
    $0 + $34,493 related
    Filer's total
    $0 + $367,673 related

  • Karen Gansen

    ASSISTANT SECRETARY

    Total calculated
    $115,248
    From this org
    $0
    From related orgs
    $96,045
    Other
    $19,203
    Hours/week
    1 + 19 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.

  • KNOX PARTNERS 2 LP

    LOW INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349316009

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