Totals
- Total revenue
- $47,525
- Total expenses
- $40,613
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $35,000
- Investment income
- $0
- Other revenue
- $12,525
- Total assets, end of year
- $1,112,065
- Total liabilities, end of year
- $3,905,174
- Net assets or fund balances, end of year
- -$2,793,109
- Program services expenses (Part IX)
- $40,613
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $40,613
Program services were 100.0% 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: MANAGEMENT FEE
total $35,000 · related or exempt $35,000
-
11a · Other revenue: FORGIVENESS OF DEBT
total $12,525 · related or exempt $12,525
-
11e · Other revenue, total
$12,525
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: MANAGEMENT FEE EXEPENSE
total $35,000 · program services $35,000
-
24b · Other expenses: TAX PREPARATION
total $5,500 · program services $5,500
-
24c · Other expenses: LOSS FROM PARTNERSHIP
total $63 · program services $63
-
24d · Other expenses: TAXES & LICENSES
total $50 · program services $50
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,065 · end of year $7,065
-
4 · Accounts receivable
beginning of year $70,000 · end of year $105,000
-
7 · Other notes and loans receivable
beginning of year $1,000,000 · end of year $1,000,000
-
25 · Other liabilities
beginning of year $3,877,086 · end of year $3,905,174
-
27 · Net assets without donor restrictions
beginning of year -$2,800,021 · end of year -$2,793,109
Mission and programs · 2023
Mission
CANON KIP, INC. IS THE GENERAL PARTNER IN CANON KIP ASSOCIATES II, LP AND EXISTS TO SUPPORT THE PARTNERSHIP'S EFFORTS TO DEVELOP, CONSTRUCT AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PERSONS.
Activities or mission (Part I)
CANON KIP INC.'S PRIMARY EXEMPT PURPOSES ARE TO ACQUIRE, DEVELOP, MAINTAIN, OPERATE, SELL, LEASE AND FINANCE A LOW INCOME HOUSING DEVELOPMENT; AND TO SUPPORT AND BENEFIT ESPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO, A CALIFORNIA, PUBLICLY SUPPORTED, NONPROFIT PUBLIC BENEFIT CORPORATION.
-
CANON KIP, INC. IS THE GENERAL PARTNER IN CANON KIP ASSOCIATES II, LP AND EXISTS TO SUPPORT THE PARTNERSHIP'S EFFORTS TO DEVELOP, CONSTRUCT AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PERSONS.
Expenses $40,613 · Revenue $35,000
As filed on the 2023 return.
Listed in Part VII
-
Mary Elizabeth StokesMARY ELIZABETH STOKES
PRESIDENT
- Total calculated
- $356,957
- From this org
- $0
- From related orgs
- $317,381
- Other
- $39,576
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $317,381 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $30,231 related
- Nontaxable benefits
- $0 + $9,345 related
- Filer's total
- $0 + $356,957 related
-
Richard SpringwaterRICHARD SPRINGWATER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
David CookeDAVID COOKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Eric LarraERIC LARRA
TREASURER
- Total calculated
- $263,296
- From this org
- $0
- From related orgs
- $238,563
- Other
- $24,733
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $238,563 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,535 related
- Nontaxable benefits
- $0 + $9,198 related
- Filer's total
- $0 + $263,296 related
-
Todd ClayterTODD CLAYTER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Michael FranklinMICHAEL FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Frederic KnappFREDERIC KNAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Alejandro MartinezALEJANDRO MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jon RodriguezJON RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dara SilveiraDARA SILVEIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Barbara SolomonBARBARA SOLOMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION SURVEY OR STUDY WAS USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVE(S). BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.
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.
-
EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO
501(C)(3) · HOMELESS SHELTERS, HOUSING SUPPORT SERVICES, HOUSING DEVELOPER · CA
-
501(C)(3) · GP ACTIVITIES FOR RENTAL REAL ESTATE - LOW INCOME HOUSING · CA
Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO
-
501(C)(3) · ORGANIZATION THAT BENEFITS AND SUPPORTS ECS IN ACQUIRING, DEVELOPING, ETC. · CA
Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO
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.
-
275 10TH STREET ASSOCIATES LP
N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA
-
CANON BARCUS ASSOCIATES LP
N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA
-
CANON KIP ASSOCIATES II LP
RELATED · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA · 0.01% owned · share of income $37,118 · share of assets $3,359,331 · general or managing partner
Directly controlled by CANON KIP INC
-
1064 MISSION LP
N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING; DEVELOPMENT/CONSTRUCTION OF RENTAL · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349311945
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