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Nonprofiteer
← MENORAH PARK

Form 990 for tax year 2023

Filed by MENORAH PARK.

Totals

Total revenue
$6,171,680
Total expenses
$4,625,019
Contributions and grants received
$4,761,292
Grants paid
$1,016,000
Program service revenue
$0
Investment income
$332,389
Other revenue
$1,077,999
Total assets, end of year
$17,099,272
Total liabilities, end of year
$240,836
Net assets or fund balances, end of year
$16,858,436
Program services expenses (Part IX)
$3,566,076
Management and general expenses
$1,039,538
Fundraising expenses
$19,405
Program service expenses (Part III)
$3,566,076

Program services were 77.1% 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.

  • 1e · Government grants (contributions)

    $4,761,292

  • 3 · Investment income

    total $355,811 · excluded $355,811

  • 6a · Gross rents

    real property $1,114,350

  • 6b · Less rental expenses

    real property $46,090

  • 6c · Rental income or loss

    real property $1,068,260

  • 6d · Net rental income or loss

    total $1,068,260 · related or exempt $864,196 · excluded $204,064

  • 7a · Gross sales of assets other than inventory

    securities $2,018,086

  • 7b · Less cost or other basis and sales expenses

    securities $2,041,508

  • 7c · Gain or loss

    securities -$23,422

  • 7d · Net gain or loss

    total -$23,422 · excluded -$23,422

  • 11a · Other revenue: LAUNDRY/VENDING

    total $8,620 · excluded $8,620

  • 11b · Other revenue: MISCELLANEOUS

    total $1,119 · excluded $1,119

  • 11e · Other revenue, total

    $9,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,016,000 · program services $1,016,000

  • 5 · Compensation of officers, directors and key employees

    total $295,763 · program services $29,576 · management and general $266,187

  • 7 · Other salaries and wages

    total $1,070,592 · program services $819,610 · management and general $250,982

  • 8 · Pension plan contributions

    total $9,949 · program services $9,949

  • 9 · Other employee benefits

    total $138,841 · program services $88,438 · management and general $50,403

  • 10 · Payroll taxes

    total $92,185 · program services $58,190 · management and general $33,995

  • 11c · Fees: accounting

    total $88,340 · management and general $88,340

  • 11f · Fees: investment management

    total $67,481 · management and general $67,481

  • 11g · Fees: other

    total $210,068 · program services $181,911 · management and general $28,157

  • 13 · Office expenses

    total $33,954 · management and general $32,256 · fundraising $1,698

  • 16 · Occupancy

    total $354,134 · program services $333,881 · management and general $2,546 · fundraising $17,707

  • 22 · Depreciation, depletion and amortization

    total $567,299 · program services $534,204 · management and general $33,095

  • 23 · Insurance

    total $278,523 · program services $271,652 · management and general $6,871

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $204,889 · program services $192,606 · management and general $12,283

  • 24b · Other expenses: BUILDING IMPROVEMENTS

    total $127,240 · management and general $127,240

  • 24c · Other expenses: CASUALTY LOSS

    total $39,702 · management and general $39,702

  • 24d · Other expenses: TENANT SERVICES

    total $28,517 · program services $28,517

  • 24e · All other expenses

    total $1,542 · program services $1,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291 · end of year $481

  • 2 · Savings and temporary cash investments

    beginning of year $1,277,895 · end of year $2,130,713

  • 4 · Accounts receivable

    beginning of year $2,213 · end of year $7,926

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,217 · end of year $139,064

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

    $15,525,819

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

    $12,748,933

  • 10c · Land, buildings and equipment, net

    beginning of year $3,356,493 · end of year $2,776,886

  • 12 · Investments: other securities

    beginning of year $9,929,338 · end of year $11,964,982

  • 15 · Other assets

    beginning of year $85,342 · end of year $79,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,933 · end of year $161,919

  • 25 · Other liabilities

    beginning of year $81,339 · end of year $78,917

  • 27 · Net assets without donor restrictions

    beginning of year $14,521,517 · end of year $16,858,436

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY.

  • MENORAH PARK PROVIDES SUBSIDIZED HOUSING FOR MORE THAN 190 RESIDENTS IN 149 INDEPENDENT LIVING APARTMENTS IN A SINGLE BUILDING IN SAN FRANCISCO. IN ADDITION TO HOUSING, MENORAH PARK PROVIDES THE SERVICES OF A RUSSIAN-SPEAKING SOCIAL WORKER AND CHINESE-SPEAKING SOCIAL WORKER TO OUR MOSTLY MONOLINGUAL RESIDENTS. WE ALSO PROVIDE SOCIAL ACTIVITIES ONSITE AND OUT IN THE COMMUNITY AND A FOOD SECURITY PROGRAM.

    Expenses $2,550,076 · Revenue $864,196

  • MENORAH PARK GRANTS MORE THAN $1 MILLION ANNUALLY TO ORGANIZATIONS IN THE SAN FRANCISCO BAY AREA THAT WORK TO (1) PROVIDE LOW-INCOME HOUSING TO SENIORS, (2) KEEP LOW-INCOME SENIOR HOUSED SAFELY, (3) INNOVATE PROGRAMS TO HELP LOW-INCOME HOUSING DEVELOPMENT, AND (4) FOOD SECURITY. OUR GRANTS ARE ADMINISTERED THROUGH A DONOR ADVISED FUND AT THE SAN FRANCISCO FOUNDATION. THE SF FOUNDATION PROVIDES GUIDANCE TO THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS ON POTENTIAL GRANTEES.

    Expenses $1,016,000 · Grants $1,016,000

As filed on the 2023 return.

Listed in Part VII

  • JOAN LEVISON

    EXECUTIVE DIRECTOR

    Total calculated
    $235,591
    From this org
    $206,177
    From related orgs
    $0
    Other
    $29,414
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $206,177
    Bonus
    $0
    Other
    $0
    Deferred
    $28,114
    Nontaxable benefits
    $1,300
    Filer's total
    $235,591

  • SIMA KAMINSKY

    OFFICE MANAGER

    Total calculated
    $148,011
    From this org
    $136,315
    From related orgs
    $0
    Other
    $11,696
    Hours/week
    38

  • JASON SHEMTOB

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOAN LAGUATAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KAIA BURKETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHARI FREEDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOBBY LU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON BERNSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON ROSHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARIEL FEIGENBAUM

    DIRECTOR

    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. 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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

  • SAN FRANCISCO FOUNDATION

    $1,016,000

    SUPPORT CHARITABLE ORGANIZATIONS WORKING TO CREATE MORE LOW-INCOME SENIOR HOUSING AND PREVENT HOMELESSNESS IN OUR SENIOR POPULATION IN THE SF BAY AREA.

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202422979349301922

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