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Nonprofiteer
← MANY MANSIONS A CALIFORNIA NON PROFIT CORPORATION

Form 990 for tax year 2023

Filed by MANY MANSIONS A CALIFORNIA NON PROFIT CORPORATION.

Totals

Total revenue
$10,580,068
Total expenses
$10,707,985
Contributions and grants received
$2,625,390
Grants paid
$0
Program service revenue
$6,042,483
Investment income
$380,224
Other revenue
$1,531,971
Total assets, end of year
$53,059,588
Total liabilities, end of year
$35,045,630
Net assets or fund balances, end of year
$18,013,958
Program services expenses (Part IX)
$9,140,485
Management and general expenses
$927,083
Fundraising expenses
$640,417
Program service expenses (Part III)
$9,140,485

Program services were 85.4% 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.

  • 1c · Fundraising events

    $75,342

  • 1e · Government grants (contributions)

    $1,874,044

  • 1f · All other contributions, gifts and grants

    $676,004

  • 1g · Noncash contributions included above

    $30,460

  • 2a · Program service revenue: DEVELOPER FEES

    total $3,345,638 · related or exempt $3,345,638

  • 2b · Program service revenue: RENTAL INCOME

    total $1,880,053 · related or exempt $1,880,053

  • 2c · Program service revenue: HOUSING SERVICE FEES

    total $740,391 · related or exempt $740,391

  • 2d · Program service revenue: RESIDENT AND SOCIAL SERVICE FEES

    total $76,401 · related or exempt $76,401

  • 3 · Investment income

    total $380,224 · related or exempt $380,224

  • 8a · Fundraising events: gross income

    $28,997

  • 8a · Fundraising events: contributions included on line 1c

    $75,342

  • 8b · Fundraising events: direct expenses

    $33,846

  • 8c · Net income from fundraising events

    total -$4,849 · excluded -$4,849

  • 11a · Other revenue: PROPERTY COST REIMBURSEMENTS

    total $1,536,820 · related or exempt $1,536,820

  • 11e · Other revenue, total

    $1,536,820

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,450,547 · program services $961,074 · management and general $337,709 · fundraising $151,764

  • 7 · Other salaries and wages

    total $4,608,061 · program services $3,977,808 · management and general $248,552 · fundraising $381,701

  • 8 · Pension plan contributions

    total $87,038 · program services $54,714 · management and general $21,475 · fundraising $10,849

  • 9 · Other employee benefits

    total $441,163 · program services $365,838 · management and general $49,721 · fundraising $25,604

  • 10 · Payroll taxes

    total $485,533 · program services $402,016 · management and general $43,165 · fundraising $40,352

  • 11b · Fees: legal

    total $16,565 · management and general $16,565

  • 11c · Fees: accounting

    total $22,240 · management and general $22,240

  • 13 · Office expenses

    total $56,417 · program services $39,847 · management and general $9,512 · fundraising $7,058

  • 14 · Information technology

    total $49,493 · program services $33,111 · management and general $16,082 · fundraising $300

  • 17 · Travel

    total $43,229 · program services $38,017 · management and general $3,253 · fundraising $1,959

  • 20 · Interest

    total $983,334 · program services $983,334

  • 22 · Depreciation, depletion and amortization

    total $754,370 · program services $754,370

  • 23 · Insurance

    total $180,008 · program services $146,140 · management and general $33,868

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $353,988 · program services $348,910 · management and general $5,078

  • 24b · Other expenses: UTILITIES

    total $265,291 · program services $258,002 · management and general $6,626 · fundraising $663

  • 24c · Other expenses: PROGRAM SERVICES

    total $237,975 · program services $237,975

  • 24d · Other expenses: ADMINISTRATION AND MANA

    total $160,472 · program services $160,472

  • 24e · All other expenses

    total $512,261 · program services $378,857 · management and general $113,237 · fundraising $20,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,880,955 · end of year $2,534,459

  • 2 · Savings and temporary cash investments

    beginning of year $1,209,166 · end of year $1,164,461

  • 4 · Accounts receivable

    beginning of year $2,933,418 · end of year $4,849,937

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,435 · end of year $265,550

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

    $36,716,033

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

    $10,948,877

  • 10c · Land, buildings and equipment, net

    beginning of year $26,045,266 · end of year $25,767,156

  • 13 · Investments: program-related

    beginning of year $73,327 · end of year $479,298

  • 14 · Intangible assets

    beginning of year $133,519 · end of year $125,287

  • 15 · Other assets

    beginning of year $18,092,231 · end of year $17,873,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $926,211 · end of year $842,653

  • 19 · Deferred revenue

    beginning of year $637,007 · end of year $35,858

  • 23 · Secured mortgages and notes payable

    beginning of year $33,758,167 · end of year $34,057,264

  • 25 · Other liabilities

    beginning of year $107,200 · end of year $109,855

  • 27 · Net assets without donor restrictions

    beginning of year $17,772,050 · end of year $17,713,403

  • 28 · Net assets with donor restrictions

    beginning of year $295,682 · end of year $300,555

Mission and programs · 2023

Mission

TO PROMOTE AND PROVIDE SAFE WELL-MANAGED HOUSING WITH ON-SITE LIFE ENRICHING SERVICES FOR LIMITED INCOME RESIDENTS IN THE CONEJO VALLEY, VENTURA COUNTY, LOS ANGELES COUNTY AND THEIR SURROUNDING COMMUNITIES.

Activities or mission (Part I)

TO PROMOTE AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS WITH LIFE-ENRICHING SERVICES.

  • TO PROVIDE AFFORDABLE HOUSING AND LIFE-ENRICHING SERVICES TO LOW, VERY LOW AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES RESIDING IN BOTH VENTURA COUNTY AND LOS ANGELES COUNTY AND THE SURROUNDING AREAS. THE ORGANIZATION DEVELOPS (ACQUISITION/REHABILITATION AND NEW CONSTRUCTION HOUSING PROPERTIES), MANAGES, AND OWNS (SOLELY AND AS INVESTMENTS HELD AS PARTNERSHIP INTERESTS) TWENTY FIVE AFFORDABLE HOUSING RENTAL COMPLEXES CONSISTING OF 1,007 UNITS OF HOUSING. IN ADDITION, SERVICES ARE PROVIDED TO ITS RESIDENTS INCLUDING HOMEWORK TUTORING, SUMMER CAMP, SCHOOL SUPPORT, CASE MANAGEMENT, JOB DEVELOPMENT, AND LIFE-SKILLS.

    Expenses $9,140,485 · Revenue $10,613,914

As filed on the 2023 return.

Listed in Part VII

  • Douglas Perry

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • MacKenzie Mazen

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • John Maddux

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Susan Cass

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • Francis Adarkwa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Gary Barnum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Claudia Cortez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tim Harrington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Karen Ingram

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Aaron Kitzman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Kevin Kozal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Sara Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Sr Lisa Megaffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Henry Montalvo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Nancy Moravec

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Jerry Petry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tina Marie Secrease

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Carol Shelton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Chris Soltow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Skyler Wolpert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Rick Schroeder

    PRESIDENT

    Total calculated
    $206,449
    From this org
    $206,449
    From related orgs
    $0
    Other
    $0
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $206,449
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,449

  • Enrique Brown

    VP OF PROPERTY MANAGEMENT

    Total calculated
    $152,585
    From this org
    $152,585
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,585
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,585

  • Doug Menges

    EXECUTIVE VP

    Total calculated
    $186,211
    From this org
    $186,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $186,211
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,211

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 110 SOUTH BOYLE MGP LLC

    RENTAL REAL ESTATE · CA

  • ASPIRE APARTMENTS LLC

    RENTAL REAL ESTATE · CA

  • CENTRAL TERRACE LLC

    RENTAL REAL ESTATE · CA

  • ESSEFF VILLAGE LLC

    RENTAL REAL ESTATE · CA

  • HILLCREST DRIVE LLC

    RENTAL REAL ESTATE · CA

  • MOUNTAIN VIEW 77 LLC

    RENTAL REAL ESTATE · CA

  • ORMOND BEACH LLC

    RENTAL REAL ESTATE · CA

  • SCHILLO GARDENS LLC

    RENTAL REAL ESTATE · CA

  • SHADOW HILLS LLC

    RENTAL REAL ESTATE · CA

  • SUN KING LLC

    RENTAL REAL ESTATE · CA

  • VILLA GARCIA LLC

    RENTAL REAL ESTATE · CA

Related partnerships

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

  • RANCHO SIERRA I LLC

    PASS-THROUGH · MANAGEMENT REAL ESTATE · CA · 50% owned · general or managing partner

  • VILLA SOLIMAR LLC

    PASS-THROUGH · MANAGEMENT REAL ESTATE · CA · 21% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202422769349300337

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