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Nonprofiteer
← 1155 MARKET QALICB

Form 990 for tax year 2022

Filed by 1155 MARKET QALICB.

Totals

Total revenue
$17,078,000
Total expenses
$1,871,267
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$17,078,000
Total assets, end of year
$29,921,173
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$29,921,173
Program services expenses (Part IX)
$1,392,361
Management and general expenses
$478,906
Fundraising expenses
$0
Program service expenses (Part III)
$1,392,361

Program services were 74.4% 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.

  • 6a · Gross rents

    real property $46,750

  • 6b · Less rental expenses

    real property $18,750

  • 6c · Rental income or loss

    real property $28,000

  • 6d · Net rental income or loss

    total $28,000 · excluded $28,000

  • 11a · Other revenue: NMTC LOAN FORGIVENESS

    total $17,050,000 · related or exempt $17,050,000

  • 11e · Other revenue, total

    $17,050,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $28,727 · management and general $28,727

  • 11c · Fees: accounting

    total $1,225 · management and general $1,225

  • 13 · Office expenses

    total $207 · management and general $207

  • 20 · Interest

    total $42,625 · program services $32,265 · management and general $10,360

  • 22 · Depreciation, depletion and amortization

    total $1,798,483 · program services $1,360,096 · management and general $438,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,856 · end of year $65,072

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

    $42,970,489

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

    $13,114,388

  • 10c · Land, buildings and equipment, net

    beginning of year $31,654,584 · end of year $29,856,101

  • 24 · Unsecured notes and loans payable

    beginning of year $17,050,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $14,714,440 · end of year $29,921,173

Mission and programs · 2022

Mission

THE ORGANIZATION WAS CREATED TO AID IN THE PURCHASE OF THE 1155 MARKET STREET BUILDING IN SAN FRANCISCO, CALIFORNIA, ON BEHALF OF THE LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.

Activities or mission (Part I)

TO SUPPORT ACTIVITIES FOR THE BENEFIT OF LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED

  • THE ORGANIZATION WAS CREATED TO AID IN THE PURCHASE OF THE 1155 MARKET STREET BUILDING IN SAN FRANCISCO, CALIFORNIA, ON BEHALF OF THE LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.

    Expenses $1,392,361 · Revenue $17,050,000

As filed on the 2022 return.

Listed in Part VII

  • JOSEPH CHAN

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEOFFREY MURRY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STUART WITTENSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANA HOOPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349302299

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