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Nonprofiteer
← GLENDALE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by GLENDALE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$451,611
Total expenses
$564,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$451,577
Investment income
$34
Other revenue
$0
Total assets, end of year
$4,546,538
Total liabilities, end of year
$696,131
Net assets or fund balances, end of year
$3,850,407
Program services expenses (Part IX)
$549,008
Management and general expenses
$15,004
Fundraising expenses
$0
Program service expenses (Part III)
$549,008

Program services were 97.3% 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: RENTAL INCOME

    total $446,937 · related or exempt $446,937

  • 2b · Program service revenue: LAUNDRY & VENDING INCOME

    total $4,555 · related or exempt $4,555

  • 2c · Program service revenue: TENANT CHARGES

    total $85 · related or exempt $85

  • 3 · Investment income

    total $34 · related or exempt $34

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $16,436 · program services $16,436

  • 10 · Payroll taxes

    total $7,180 · program services $7,180

  • 11a · Fees: management

    total $35,136 · program services $35,136

  • 11c · Fees: accounting

    total $6,954 · management and general $6,954

  • 11g · Fees: other

    total $8,050 · management and general $8,050

  • 13 · Office expenses

    total $34,793 · program services $34,793

  • 19 · Conferences, conventions and meetings

    total $125 · program services $125

  • 22 · Depreciation, depletion and amortization

    total $153,218 · program services $153,218

  • 23 · Insurance

    total $52,945 · program services $52,945

  • 24a · Other expenses: CONTRACT REPAIR & MAINTEN

    total $59,923 · program services $59,923

  • 24b · Other expenses: MAINTENANCE PAYROLL

    total $45,680 · program services $45,680

  • 24c · Other expenses: UTILITIES

    total $38,320 · program services $38,320

  • 24d · Other expenses: MANAGER SALARIES

    total $36,559 · program services $36,559

  • 24e · All other expenses

    total $68,693 · program services $68,693

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $182 · end of year $802

  • 4 · Accounts receivable

    beginning of year $59,137 · end of year $3,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,150 · end of year $2,150

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

    $6,770,838

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

    $2,432,064

  • 10c · Land, buildings and equipment, net

    beginning of year $4,491,992 · end of year $4,338,774

  • 15 · Other assets

    beginning of year $178,551 · end of year $201,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,399 · end of year $11,397

  • 25 · Other liabilities

    beginning of year $756,805 · end of year $684,734

  • 27 · Net assets without donor restrictions

    beginning of year -$2,229,592 · end of year -$2,341,993

  • 28 · Net assets with donor restrictions

    beginning of year $6,192,400 · end of year $6,192,400

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE LIMITED INCOME ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

  • THE ORGANIZATION SUCCESSFULLY COMPLETED THE DEVELOPMENT OF THESENIOR HOUISNG PROJECT, AND THE HOUSING UNITS ARE NOW OCCUPIED AND SERVICES AR BEING DELIVERED IN ACCORDANCE WITH THE PROGRAM OBJECTIVES AND WITHIN REGULATORY GUIDELINES.

    Expenses $549,008

As filed on the 2022 return.

Listed in Part VII

  • MANUEL BERNAL

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 40 related

  • PAUL CHAVEZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • ROBERTO DE LA ROSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • TANIS YBARRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 40 related

  • PAUL S PARK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 15 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202322969349301667

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