Totals
- Total revenue
- $204,608
- Total expenses
- $275,217
- Contributions and grants received
- $161,933
- Grants paid
- $0
- Program service revenue
- $42,671
- Investment income
- $4
- Other revenue
- $0
- Total assets, end of year
- $237,331
- Total liabilities, end of year
- $1,005,108
- Net assets or fund balances, end of year
- -$767,777
- Program services expenses (Part IX)
- $268,617
- Management and general expenses
- $6,600
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $268,617
Program services were 97.6% 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)
$161,933
-
2a · Program service revenue: TENANT RENTAL INCOME
total $42,671 · related or exempt $42,671
-
3 · Investment income
total $4 · excluded $4
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $12,876 · program services $12,876
-
11c · Fees: accounting
total $6,600 · management and general $6,600
-
11g · Fees: other
total $151,413 · program services $151,413
-
13 · Office expenses
total $300 · program services $300
-
16 · Occupancy
total $85,617 · program services $85,617
-
22 · Depreciation, depletion and amortization
total $16,942 · program services $16,942
-
24a · Other expenses: STAFF DEVELOPMENT
total $156 · program services $156
-
24e · All other expenses
total $1,313 · program services $1,313
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $950 · end of year $13,428
-
4 · Accounts receivable
beginning of year $1,639 · end of year $1,639
-
10a · Land, buildings and equipment: cost or other basis
$882,631
-
10b · Land, buildings and equipment: accumulated depreciation
$675,058
-
10c · Land, buildings and equipment, net
beginning of year $186,369 · end of year $207,573
-
15 · Other assets
beginning of year $56,067 · end of year $14,691
-
17 · Accounts payable and accrued expenses
beginning of year $20,375 · end of year $15,097
-
23 · Secured mortgages and notes payable
beginning of year $179,983 · end of year $140,990
-
25 · Other liabilities
beginning of year $741,835 · end of year $849,021
-
27 · Net assets without donor restrictions
beginning of year -$697,168 · end of year -$767,777
Mission and programs · 2022
Mission
PROVIDING A GROUP HOME FOR THE DEVELOPMENTALLY DISABLED POPULATION.
-
GROUP HOME FOR THE DEVELOPMENTALLY DISABLED POPULATION. THE BUILDING CONTAINS 13 UNITS LOCATED IN RESEDA, CALIFORNIA. PROGRAMS ARE REGULATED BY DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGED AND OPERATING METHODS. PROGRAMS ARE DESIGNED TO TEACH INDEPENDENT LIVING SKILLS.
Expenses $268,617 · Revenue $42,671
As filed on the 2022 return.
Listed in Part VII
-
Leslie B Abell EsqLESLIE B ABELL ESQ
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Leonard WashingtonLEONARD WASHINGTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Steven P Beltran EsqSTEVEN P BELTRAN ESQ
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Shelley I Smith EsqSHELLEY I SMITH ESQ
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Anil RanavatANIL RANAVAT
SECOND VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Veronica ArteagaVERONICA ARTEAGA
PRESIDENT/CEO
- Total calculated
- $176,105
- From this org
- $0
- From related orgs
- $172,055
- Other
- $4,050
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $172,055 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,575 related
- Nontaxable benefits
- $0 + $2,475 related
- Filer's total
- $0 + $176,105 related
-
Sonhui RobilottaSONHUI ROBILOTTA
CHIEF FINANCIAL OFFICER
- Total calculated
- $199,374
- From this org
- $0
- From related orgs
- $197,295
- Other
- $2,079
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $197,295 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,984 related
- Nontaxable benefits
- $0 + $95 related
- Filer's total
- $0 + $199,374 related
-
Scott D BowlingSCOTT D BOWLING
CEO EMERITUS
- Total calculated
- $293,724
- From this org
- $0
- From related orgs
- $290,669
- Other
- $3,055
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $260,669 related
- Bonus
- $0 + $30,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,055 related
- Filer's total
- $0 + $293,724 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)
- FORM 990, SCHEDULE J, PART II, LINE 3:
- THE PRESIDENT OF THIS ORGANIZATION, VALVERDE, INC., IS ALSO THE PRESIDENT OF EXCEPTIONAL CHILDREN'S FOUNDATION, A RELATED ORGANIZATION. EXCEPTIONAL CHILDREN'S FOUNDATION HAS AN EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS, INDEPENDENT OF MANAGEMENT, WHICH OBTAINS COMPARATIVE COMPENSATION INFORMATION, REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND CEO, AND DOCUMENTS THE RESULTS IN A WRITTEN EMPLOYMENT CONTRACTS AND IN WRITTEN MEETING SUMMARIES.
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.
-
EXCEPTIONAL CHILDREN'S FOUNDATION
501(C)(3) · SERVES DEVELOPMENTALLY DISABLED · CA
-
501(C)(3) · GROUP HOME FOR DEVELOPMENTALLY DISABLED · CA
Directly controlled by EXCEPTIONAL CHILDREN'S FOUNDATION
-
FRIENDS OF EXCEPTIONAL CHILDREN'S FOUNDATION
501(C)(3) · SUPPORT CHARITABLE PURPOSES OF EXCEPTIONAL CHILDREN'S FOUNDATION · CA
Directly controlled by EXCEPTIONAL CHILDREN'S FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349315213
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