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Nonprofiteer
← MCALLISTER STREET INC

Form 990 for tax year 2023

Filed by MCALLISTER STREET INC.

Totals

Total revenue
$65,887
Total expenses
$351,079
Contributions and grants received
$2,025
Grants paid
$0
Program service revenue
$0
Investment income
$63,862
Other revenue
$0
Total assets, end of year
$1,039,811
Total liabilities, end of year
$2,622,313
Net assets or fund balances, end of year
-$1,582,502
Program services expenses (Part IX)
$349,104
Management and general expenses
$1,975
Fundraising expenses
$0
Program service expenses (Part III)
$349,104

Program services were 99.4% 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.

  • 1d · Related organizations

    $2,025

  • 3 · Investment income

    total $63,862 · excluded $63,862

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,975 · management and general $1,975

  • 20 · Interest

    total $8,681 · program services $8,681

  • 24a · Other expenses: LOSS FROM PARTNERSHIP

    total $340,184 · program services $340,184

  • 24b · Other expenses: BANK/FINANCIAL SERVICE

    total $189 · program services $189

  • 24c · Other expenses: MISC. TAXES, LICENSES &

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,151 · end of year $962

  • 7 · Other notes and loans receivable

    beginning of year $170,000 · end of year $170,000

  • 15 · Other assets

    beginning of year $804,987 · end of year $868,849

  • 25 · Other liabilities

    beginning of year $2,273,449 · end of year $2,622,313

  • 27 · Net assets without donor restrictions

    beginning of year -$1,297,311 · end of year -$1,582,502

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR LOW INCOME PERSONS, AND TO SUPPORT TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION IN CARRYING OUT ITS PURPOSE.

Activities or mission (Part I)

TO PROVIDE HOUSING FOR LOW INCOME PERSONS, AND TO SUPPORT TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION IN CARRYING OUT ITS PURPOSE. IN 2023, MCALLISTER STREET INC.'S KEY ACTIVITIES WERE PROVIDING AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND EXTREMELY LOW-INCOME SENIOR PERSONS.

  • THE ORGANIZATION IS A GENERAL PARTNER OF MCALLISTER STREET ASSOCIATES LP, A PARTNERSHIP THAT OWNS AND OPERATES LOW INCOME HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS.

    Expenses $349,104

As filed on the 2023 return.

Listed in Part VII

  • KATHY ROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • JANE GRAF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • SUSAN JOHNSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • WYLIE LIU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • DAVE KROOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • BIRUTE SKURDENIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • MARK COUTIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • KATHY WOLFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • FREDDY MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • TRACEY EDWARDS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • TIFFANY BOHEE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • JIM CERVANTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • FERNANDO PUJALS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • KENNETH KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • MICHAEL YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • MAURILIO LEON

    CEO

    Total calculated
    $348,876
    From this org
    $0
    From related orgs
    $328,528
    Other
    $20,348
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,528 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,480 related
    Nontaxable benefits
    $0 + $8,868 related
    Filer's total
    $0 + $348,876 related

  • GORDON LEUNG

    CHIEF PORTFOLIO OFFICER

    Total calculated
    $199,781
    From this org
    $0
    From related orgs
    $179,443
    Other
    $20,338
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,443 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,549 related
    Nontaxable benefits
    $0 + $14,789 related
    Filer's total
    $0 + $199,781 related

  • ROXANNE HUEY

    CFO

    Total calculated
    $263,340
    From this org
    $0
    From related orgs
    $243,772
    Other
    $19,568
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,772 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,700 related
    Nontaxable benefits
    $0 + $14,868 related
    Filer's total
    $0 + $263,340 related

  • KATHERINE LAMONT

    COO

    Total calculated
    $244,994
    From this org
    $0
    From related orgs
    $217,346
    Other
    $27,648
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,346 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,580 related
    Nontaxable benefits
    $0 + $16,068 related
    Filer's total
    $0 + $244,994 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)

PART I, LINE 3
COMPENSATION COMMITTEE AND COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349301320

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