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Nonprofiteer
← COMPASS QALICB

Form 990 for tax year 2022

Filed by COMPASS QALICB.

Totals

Total revenue
$660,023
Total expenses
$545,163
Contributions and grants received
$4,354
Grants paid
$0
Program service revenue
$654,881
Investment income
$788
Other revenue
$0
Total assets, end of year
$16,029,776
Total liabilities, end of year
$14,748,406
Net assets or fund balances, end of year
$1,281,370
Program services expenses (Part IX)
$0
Management and general expenses
$545,163
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $4,354

  • 2a · Program service revenue: RENTAL INCOME

    total $654,881 · related or exempt $654,881

  • 3 · Investment income

    total $788 · excluded $788

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $9 · management and general $9

  • 16 · Occupancy

    total $18,171 · management and general $18,171

  • 20 · Interest

    total $207,808 · management and general $207,808

  • 22 · Depreciation, depletion and amortization

    total $226,416 · management and general $226,416

  • 24a · Other expenses: LOAN FEES

    total $69,573 · management and general $69,573

  • 24b · Other expenses: DEBT ISSUANCE COSTS

    total $13,789 · management and general $13,789

  • 24c · Other expenses: LICENSES AND FEES

    total $6,102 · management and general $6,102

  • 24d · Other expenses: EQUIPMENT

    total $295 · management and general $295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,638 · end of year $256,830

  • 2 · Savings and temporary cash investments

    beginning of year $270,010 · end of year $201,225

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

    $14,378,453

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

    $1,069,062

  • 10c · Land, buildings and equipment, net

    beginning of year $13,535,798 · end of year $13,309,391

  • 15 · Other assets

    beginning of year $1,821,517 · end of year $2,262,330

  • 23 · Secured mortgages and notes payable

    beginning of year $14,676,975 · end of year $14,690,763

  • 25 · Other liabilities

    beginning of year $38,478 · end of year $57,643

  • 27 · Net assets without donor restrictions

    beginning of year $1,166,510 · end of year $1,281,370

Mission and programs · 2022

Mission

COMPASS QALICB EXISTS TO FACILITATE THE NEW MARKETS TAX CREDIT FINANCING USED TO PURCHASE THE BUILDING USED BY COMPASS FAMILY SERVICES' IN THEIR PROVISION OF CRITICAL SUPPORTIVE SERVICES THAT HELP SAN FRANCISCO'S HOMELESS AND AT-RISK FAMILIES TO ACHIEVE HOUSING STABILITY, ECONOMIC SELF-SUFFICIENCY, AND WELL-BEING.

Activities or mission (Part I)

COMPASS QALICB WAS ESTABLISHED IN 2018 AND CONTINUES TO FACILITATE THE NEW MARKETS TAX CREDIT FINANCING USED FOR THE PURCHASE OF COMPASS FAMILY SERVICES' CENTRAL HUB.

  • COMPASS QALICB SUPPORTS THE CHARITABLE PURPOSES OF COMPASS FAMILY SERVICES BY FINANCING THE CONSTRUCTION OF, AND HOLDING TITLE TO, THE ORGANIZATION'S CENTRAL HUB.

    Revenue $654,881

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alison Engel

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Janice Sears

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nick Levinson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Linsey Thornton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alan Coe

    BOARD MEMBER

    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2024
IRS schema version
2022v5.0
Source object
202411359349302486

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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