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Nonprofiteer
← ANTIOCH HILLCREST TERRACE INC

Form 990 for tax year 2023

Filed by ANTIOCH HILLCREST TERRACE INC.

Totals

Total revenue
$654,784
Total expenses
$874,205
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$653,118
Investment income
$1,666
Other revenue
$0
Total assets, end of year
$2,990,090
Total liabilities, end of year
$7,828,808
Net assets or fund balances, end of year
-$4,838,718
Program services expenses (Part IX)
$856,565
Management and general expenses
$17,640
Fundraising expenses
$0
Program service expenses (Part III)
$856,565

Program services were 98.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $650,297 · related or exempt $650,297

  • 2b · Program service revenue: OTHER INCOME

    total $2,821 · related or exempt $2,821

  • 3 · Investment income

    total $1,666 · excluded $1,666

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $163,683 · program services $163,683

  • 9 · Other employee benefits

    total $37,629 · program services $37,629

  • 10 · Payroll taxes

    total $13,490 · program services $13,490

  • 11a · Fees: management

    total $54,709 · program services $54,709

  • 11c · Fees: accounting

    total $17,640 · management and general $17,640

  • 11g · Fees: other

    total $3,800 · program services $3,800

  • 12 · Advertising and promotion

    total $39 · program services $39

  • 13 · Office expenses

    total $34,230 · program services $34,230

  • 16 · Occupancy

    total $3,868 · program services $3,868

  • 20 · Interest

    total $49,865 · program services $49,865

  • 22 · Depreciation, depletion and amortization

    total $168,094 · program services $168,094

  • 23 · Insurance

    total $53,242 · program services $53,242

  • 24a · Other expenses: CONTRACTS

    total $73,508 · program services $73,508

  • 24b · Other expenses: UTILITIES

    total $54,924 · program services $54,924

  • 24c · Other expenses: SUPPLIES

    total $38,635 · program services $38,635

  • 24d · Other expenses: REAL ESTATE TAXES

    total $29,568 · program services $29,568

  • 24e · All other expenses

    total $77,281 · program services $77,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,190 · end of year $25,267

  • 4 · Accounts receivable

    beginning of year $1,982 · end of year $25,257

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,702 · end of year $48,733

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

    $6,260,815

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

    $4,056,678

  • 10c · Land, buildings and equipment, net

    beginning of year $2,724,705 · end of year $2,204,137

  • 15 · Other assets

    beginning of year $382,296 · end of year $686,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,599 · end of year $15,708

  • 19 · Deferred revenue

    beginning of year $1,386 · end of year $611

  • 23 · Secured mortgages and notes payable

    beginning of year $6,557,975 · end of year $6,557,975

  • 25 · Other liabilities

    beginning of year $1,221,212 · end of year $1,254,514

  • 27 · Net assets without donor restrictions

    beginning of year -$4,619,297 · end of year -$4,838,718

Mission and programs · 2023

Mission

PROVIDE SUBSIDIZED HOUSING (65 UNITS) FOR ELDERLY LOW-INCOME SENIORS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

  • ANTIOCH HILLCREST TERRACE, INC. OWNS AND OPERATES A 65-UNIT APARTMENT COMPLEX FOR SENIOR CITIZENS WHICH OPERATES UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING PROCEDURES.

    Expenses $856,565 · Revenue $653,118

As filed on the 2023 return.

Listed in Part VII

  • Leslie Taylor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Darryl Searuggs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Buck

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Connie Inglish

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Gail Gilman

    PRESIDENT & CEO

    Total calculated
    $205,193
    From this org
    $0
    From related orgs
    $192,242
    Other
    $12,951
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,242 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,951 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $205,193 related

  • Cynthia Alvarez

    COO

    Total calculated
    $127,741
    From this org
    $0
    From related orgs
    $114,833
    Other
    $12,908
    Hours/week
    0.5 + 39.5 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:
THE COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANTS WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVES; IN ADDITION TO COMPENSATION SURVEY/ STUDY. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS 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.

  • 2800 FLORIN ROAD LP

    DEVELOP & PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · CA

  • 603 A STREET LP

    DEVELOP & PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · CA

  • CCH CHICO - HUMBOLDT SENIOR HOUSING LP

    DEVELOP & PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · CA

  • CCHNC FLOWER PARK PLAZA ASSOCIATES LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • CCHNC HOTEL REDDING ASSOCIATES

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • COVENANT GARDENS GP LLC

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · TN

  • COVENANT GARDENS SENIOR APARTMENTS LP

    DEVELOP & PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · TN

  • DOWNS SENIOR HOUSING ASSOCIATES

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • FARGO SENIOR CENTER LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • GARFIELD PARK VILLAGE LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • HATLER MAY VILLAGE LLLP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • LORENZ SENIOR APARTMENTS LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • NORTH OAKLAND SENIOR HOUSING ASSOCIATES

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • PIPER WAY SENIOR HOUSING LP

    DEVELOP & PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · CA

  • WESTLAKE CHRISTIAN TERRACE EAST LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • WESTLAKE CHRISTIAN TERRACE WEST LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

  • WOODLAND TOWERS LP

    TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS AND FAMILIES · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CALIFORNIA COMMUNITY HOUSING MANAGEMENT SERVICES

    C · TO PROVIDE MANAGEMENT SERVICES FOR AFFORDABLE HOUSING PROJECTS · CA

  • WCTW HOUSING LLC

    C · TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS & FAMILIES · CA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349310432

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