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Nonprofiteer
← GUAM FACILITIES FOUNDATION INC

Form 990 for tax year 2023

Filed by GUAM FACILITIES FOUNDATION INC.

Totals

Total revenue
$499,899
Total expenses
$420,836
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$499,899
Investment income
$0
Other revenue
$0
Total assets, end of year
$524,860
Total liabilities, end of year
$207,622
Net assets or fund balances, end of year
$317,238
Program services expenses (Part IX)
$420,836
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$420,836

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Management Agent Fees

    total $34,040 · related or exempt $0 · unrelated business $0 · excluded $34,040

  • 2b · Program service revenue: Management Services

    total $465,859 · related or exempt $0 · unrelated business $0 · excluded $465,859

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $379,079 · program services $379,079

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $29,935 · program services $29,935

  • 11c · Fees: accounting

    total $7,807 · program services $7,807

  • 24a · Other expenses: Licenses & Permits

    total $210 · program services $210 · management and general $0 · fundraising $0

  • 24b · Other expenses: Print Advertising

    total $3,805 · program services $3,805 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,421 · end of year $402,818

  • 4 · Accounts receivable

    beginning of year $388,419 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $148,682 · end of year $122,042

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 15 · Other assets

    beginning of year $883 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $370,230 · end of year $207,622

  • 27 · Net assets without donor restrictions

    beginning of year $238,175 · end of year $317,238

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To develop and construct simple, decent, affordable houses for persons in need and the fostering of low income housing

Activities or mission (Part I)

To develop and construct simple, decent, affordable houses for persons in need and the fostering of low income housing.

  • Operating Expenses

    Expenses $420,836 · Revenue $499,899

  • To develop and construct simple, decent, affordable houses for persons in need and fostering of low-income housing.

As filed on the 2023 return.

Listed in Part VII

  • Lilibeth Elamparo

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nenita Baldovino

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    2

  • Candy C Okuhama

    Director

    Total calculated
    $0
    Hours/week
    2

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AZ GFF Tiyan LLC

    own and lease propery · GU · income $79,818 · assets $110,586,197

  • De Guam Self Help LLC

    Administrative Member · GU · income $80 · assets $182

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202401309349301100

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