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Nonprofiteer
← LESLEY FOUNDATION

Form 990 for tax year 2022

Filed by LESLEY FOUNDATION.

Totals

Total revenue
$9,764,648
Total expenses
$9,040,905
Contributions and grants received
$6,219,340
Grants paid
$0
Program service revenue
$3,180,070
Investment income
$322,228
Other revenue
$43,010
Total assets, end of year
$70,427,297
Total liabilities, end of year
$55,690,165
Net assets or fund balances, end of year
$14,737,132
Program services expenses (Part IX)
$7,109,066
Management and general expenses
$1,931,503
Fundraising expenses
$336
Program service expenses (Part III)
$7,109,066

Program services were 78.6% 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.

  • 1e · Government grants (contributions)

    $6,215,640

  • 1f · All other contributions, gifts and grants

    $3,700

  • 2a · Program service revenue: MANAGEMENT FEES

    total $102,081 · related or exempt $102,081

  • 2b · Program service revenue: RENTAL INCOME

    total $2,437,551 · related or exempt $2,437,551

  • 2c · Program service revenue: TENANT SERVICES

    total $640,438 · related or exempt $640,438

  • 3 · Investment income

    total $322,228 · excluded $322,228

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $43,010 · related or exempt $43,010

  • 11e · Other revenue, total

    $43,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $306,331 · management and general $306,331

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,921,440 · program services $1,035,903 · management and general $885,269 · fundraising $268

  • 8 · Pension plan contributions

    total $105,344 · program services $44,187 · management and general $61,142 · fundraising $15

  • 9 · Other employee benefits

    total $330,684 · program services $172,703 · management and general $157,958 · fundraising $23

  • 10 · Payroll taxes

    total $170,320 · program services $80,427 · management and general $89,873 · fundraising $20

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $127,470 · management and general $127,470

  • 11c · Fees: accounting

    total $45,665 · management and general $45,665

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $26,083 · management and general $26,083

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $201,215 · management and general $201,205 · fundraising $10

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,052,907 · program services $1,052,907

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,377,099 · program services $1,377,099

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,382,288 · program services $1,372,779 · management and general $9,509

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TAXES AND INSURANCE

    total $677,762 · program services $672,769 · management and general $4,993

  • 24b · Other expenses: OPERATING AND MAINTENANCE

    total $645,111 · program services $645,111

  • 24c · Other expenses: MEAL PROGRAM

    total $385,242 · program services $385,242

  • 24d · Other expenses: MAINTENANCE SUPPLIES

    total $193,520 · program services $193,520

  • 24e · All other expenses

    total $92,424 · program services $76,419 · management and general $16,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,000 · end of year $2,000

  • 2 · Savings and temporary cash investments

    beginning of year $3,133,598 · end of year $4,167,295

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,033,295 · end of year $20,637

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,065,898 · end of year $911,915

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $403,822 · end of year $432,492

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

    $45,715,998

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

    $8,380,351

  • 10c · Land, buildings and equipment, net

    beginning of year $42,753,091 · end of year $37,335,647

  • 11 · Investments: publicly traded securities

    beginning of year $11,492,916 · end of year $10,983,313

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $12,536,743 · end of year $16,573,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,506,993 · end of year $619,475

  • 23 · Secured mortgages and notes payable

    beginning of year $55,948,722 · end of year $54,874,803

  • 25 · Other liabilities

    beginning of year $187,524 · end of year $195,887

  • 27 · Net assets without donor restrictions

    beginning of year $14,781,124 · end of year $14,737,132

Mission and programs · 2022

Mission

THE CORPORATION WAS FORMED (A) TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES FOR SENIOR FAMILIES AND PERSONS ON A NON-PROFIT BASIS;CONTINUED ON SCHEDULE O

Activities or mission (Part I)

THE CORPORATION WAS FORMED (A) TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES FOR SENIOR FAMILIES AND PERSONS ON A NON-PROFIT BASIS; (B) TO PLAN, CONSTRUCT, OPERATE, MAINTAIN, REHABILITATE, ALTER, CONVERT, AND IMPROVE HOUSING FOR SENIORS.

  • LESLEY TOWERS, LLC - 198-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS

    Expenses $4,019,407 · Revenue $833,431

  • BONNIE BRAE TERRACE - 164-UNIT PROJECT PROVIDING LOW-INCOME HOUSINGAND FOOD SERVICES FOR SENIORS.

    Expenses $2,464,984 · Revenue $1,651,167

  • PILGRIM PLAZA - 56-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS.

    Expenses $605,145 · Revenue $598,257

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Catherine Evans

    Executive Dir.

    Total calculated
    $202,153
    From this org
    $180,049
    From related orgs
    $0
    Other
    $22,104
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $179,998
    Bonus
    $51
    Other
    not reported
    Deferred
    $10,532
    Nontaxable benefits
    $11,572
    Filer's total
    $202,153

  • Nancy Amaya

    DEPUTY E.D.

    Total calculated
    $142,976
    From this org
    $126,282
    From related orgs
    $0
    Other
    $16,694
    Hours/week
    35 + 5 related

  • Mary Cheung

    DIR OF MGMT & OPS

    Total calculated
    $130,182
    From this org
    $106,055
    From related orgs
    $0
    Other
    $24,127
    Hours/week
    40

  • Galyn Evans

    DIR. OF COMPLIANCE

    Total calculated
    $110,247
    From this org
    $104,010
    From related orgs
    $0
    Other
    $6,237
    Hours/week
    40

  • Sue Winks

    President

    Total calculated
    $0
    Hours/week
    1.3

  • Tony Villanueva

    MEMBER

    Total calculated
    $0
    Hours/week
    1.15

  • George Metropulos

    MEMBER

    Total calculated
    $0
    Hours/week
    0.55

  • Linda Avelar

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Naomi Patridge

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Kim

    MEMBER

    Total calculated
    $0
    Hours/week
    0.65

  • Sandy Council

    Treasurer

    Total calculated
    $0
    Hours/week
    0.55

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.

Related partnerships

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

  • COASTSIDE SENIOR HOUSING LP

    HOUSING FOR SENIORS · CO · 0.005% owned · share of assets -$62 · general or managing partner

    Directly controlled by MERCY HSG CALWEST

Provenance

Return type
form_990
Tax year
2022
Filed
3 July 2023
IRS schema version
2022v5.0
Source object
202301849349300020

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