Totals
- Total revenue
- $670,662
- Total expenses
- $1,111,488
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $666,351
- Investment income
- $4,311
- Other revenue
- $0
- Total assets, end of year
- $10,289,901
- Total liabilities, end of year
- $3,654,983
- Net assets or fund balances, end of year
- $6,634,918
- Program services expenses (Part IX)
- $1,094,610
- Management and general expenses
- $16,878
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,094,610
Program services were 98.5% 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: OPERATING LEASE RENTAL
total $666,351 · related or exempt $666,351
-
3 · Investment income
total $4,311 · excluded $4,311
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $9,850 · management and general $9,850
-
20 · Interest
total $149,937 · program services $149,937
-
22 · Depreciation, depletion and amortization
total $218,084 · program services $218,084
-
24a · Other expenses: DONATION EXPENSE
total $695,147 · program services $695,147
-
24b · Other expenses: LOSSES FROM INVESTMENT
total $31,442 · program services $31,442
-
24c · Other expenses: ASSET MANAGEMENT FEES
total $6,346 · management and general $6,346
-
24d · Other expenses: GENERAL AND ADMIN
total $542 · management and general $542
-
24e · All other expenses
total $140 · management and general $140
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,245,516 · end of year $907,059
-
4 · Accounts receivable
beginning of year $1,297,564 · end of year $1,376,585
-
10a · Land, buildings and equipment: cost or other basis
$9,680,933
-
10b · Land, buildings and equipment: accumulated depreciation
$2,139,144
-
10c · Land, buildings and equipment, net
beginning of year $7,759,873 · end of year $7,541,789
-
12 · Investments: other securities
beginning of year $495,910 · end of year $464,468
-
23 · Secured mortgages and notes payable
beginning of year $3,699,167 · end of year $3,637,844
-
25 · Other liabilities
beginning of year $23,952 · end of year $17,139
-
27 · Net assets without donor restrictions
beginning of year $7,075,744 · end of year $6,634,918
Mission and programs · 2023
Mission
TO DEVELOP AND OPERATE COMMUNITY DEVELOPMENT PROJECTS FOR LOW AND VERY LOW-INCOME FAMILIES AND DISADVANTAGED NEIGHBORHOODS.
Activities or mission (Part I)
THE ORGANIZATION OPERATES A LEASED COMMERICAL PROPERTY LOCATED IN OAKLAND, CA
-
THE ORGANIZATION WAS FORMED TO DEVELOP AND OPERATE COMMUNITY DEVELOPMENT PROJECTS.
Expenses $1,094,610 · Revenue $666,351
As filed on the 2023 return.
Listed in Part VII
-
Kelly DrumnKELLY DRUMN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Leslie FrancisLESLIE FRANCIS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine CarrCHRISTINE CARR
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
David PetersDAVID PETERS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sean SullivanSEAN SULLIVAN
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
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.
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.
-
1825 SAN PABLO AVE LLC
INVESTMENT · COMMERICAL RENTAL PROPERTY · CA · 20% owned · share of income -$31,442 · share of assets $464,468
Directly controlled by EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413169349300506
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