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← COTE BRILLIANTE PRESBYTERIAN CHURCH HOUSING CORPORATION

Form 990 for tax year 2023

Filed by COTE BRILLIANTE PRESBYTERIAN CHURCH HOUSING CORPORATION.

Totals

Total revenue
$320,998
Total expenses
$386,766
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$316,169
Investment income
$1,861
Other revenue
$2,968
Total assets, end of year
$1,973,126
Total liabilities, end of year
$3,141,036
Net assets or fund balances, end of year
-$1,167,910
Program services expenses (Part IX)
$281,932
Management and general expenses
$104,834
Fundraising expenses
$0
Program service expenses (Part III)
$281,932

Program services were 72.9% 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: TENANT ASSISTANCE PAYMENTS

    total $196,209 · related or exempt $196,209

  • 2b · Program service revenue: TENANT RENT PAYMENTS

    total $119,960 · related or exempt $119,960

  • 3 · Investment income

    total $1,861 · excluded $1,861

  • 11a · Other revenue: MISCELLANEOUS

    total $1,656 · related or exempt $1,656

  • 11b · Other revenue: LAUNDRY & VENDING INCOME

    total $1,312 · related or exempt $1,312

  • 11e · Other revenue, total

    $2,968

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,655 · program services $14,413 · management and general $40,242

  • 9 · Other employee benefits

    total $6,118 · program services $6,118

  • 10 · Payroll taxes

    total $6,680 · program services $6,680

  • 11a · Fees: management

    total $20,515 · management and general $20,515

  • 11c · Fees: accounting

    total $6,030 · management and general $6,030

  • 12 · Advertising and promotion

    total $32 · management and general $32

  • 13 · Office expenses

    total $20,080 · management and general $20,080

  • 16 · Occupancy

    total $19,256 · program services $19,256

  • 22 · Depreciation, depletion and amortization

    total $88,684 · program services $88,684

  • 23 · Insurance

    total $41,910 · program services $41,910

  • 24a · Other expenses: CONTRACTS

    total $52,707 · program services $52,707

  • 24b · Other expenses: ELDERLY CARE EXPENSES

    total $29,894 · program services $29,894

  • 24c · Other expenses: SUPPLIES

    total $9,987 · program services $9,987

  • 24d · Other expenses: MISC ADMIN EXPENSES

    total $9,310 · management and general $9,310

  • 24e · All other expenses

    total $20,908 · program services $12,283 · management and general $8,625

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,529 · end of year $16,405

  • 4 · Accounts receivable

    beginning of year $1,058 · end of year $1,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,373 · end of year $9,457

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

    $3,452,271

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

    $1,756,541

  • 10c · Land, buildings and equipment, net

    beginning of year $1,766,854 · end of year $1,695,730

  • 15 · Other assets

    beginning of year $236,058 · end of year $249,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,786 · end of year $38,624

  • 23 · Secured mortgages and notes payable

    beginning of year $3,092,000 · end of year $3,092,000

  • 25 · Other liabilities

    beginning of year $11,228 · end of year $10,412

  • 27 · Net assets without donor restrictions

    beginning of year -$1,102,142 · end of year -$1,167,910

Mission and programs · 2023

Mission

LOW INCOME HOUSING

  • COTE BRILLIANTE PRESBYTERIAN HOUSING CORP DBA GILLESPIE VILLAGE APARTMENTS IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SECURITIES. THE CORPORATION HAS CONSTRUCTED HOUSING UTILIZING FUNDS PROVIDED BY A CAPITAL ADVANCE UNDER SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. THE CAPITAL ADVANCE REQUIREMENTS ARE IN COMPLIANCE WITH THE PROVISIONS AND REGULATIONS OF THE ACT.

    Expenses $281,932 · Revenue $316,169

As filed on the 2023 return.

Listed in Part VII

  • Gilda Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Imogene Crumpton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alverne Hood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Lucas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pasadena Weathersby

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Girardi

    CFO

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.0
Source object
202442569349300309

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