Totals
- Total revenue
- $3,676,426
- Total expenses
- $1,835,264
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,470,557
- Investment income
- $199,145
- Other revenue
- $6,724
- Total assets, end of year
- $11,275,961
- Total liabilities, end of year
- $155,639
- Net assets or fund balances, end of year
- $11,120,322
- Program services expenses (Part IX)
- $1,835,264
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,835,264
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.
-
2a · Program service revenue: Fees & Contracts Gov Agencies
total $2,818,710 · related or exempt $2,818,710
-
2b · Program service revenue: Rent Revenue
total $651,847 · related or exempt $651,847
-
3 · Investment income
total $199,145 · related or exempt $199,145
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Laundry and Vending
total $3,639 · related or exempt $3,639
-
11b · Other revenue: Miscellaneous Revenue
total $3,016 · related or exempt $3,016
-
11c · Other revenue: Resident Charges
total $69 · related or exempt $69
-
11e · Other revenue, total
$6,724
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $102,960 · program services $102,960
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $21,552 · program services $21,552
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $43,018 · program services $43,018
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $9,855 · program services $9,855
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $44,601 · program services $44,601
-
23 · Insurance
total $113,617 · program services $113,617
-
24a · Other expenses: Operating & Maint. Contracts
total $328,242 · program services $328,242
-
24b · Other expenses: Other Service Expenses
total $264,696 · program services $264,696
-
24c · Other expenses: Salaries and Wages
total $228,758 · program services $228,758
-
24d · Other expenses: Security Payroll/Contract
total $218,660 · program services $218,660
-
24e · All other expenses
total $459,305 · program services $459,305
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,827,138 · end of year $7,318,812
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,034 · end of year $7,612
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $86,147 · end of year $109,347
-
10a · Land, buildings and equipment: cost or other basis
$4,000,728
-
10b · Land, buildings and equipment: accumulated depreciation
$2,764,625
-
10c · Land, buildings and equipment, net
beginning of year $1,247,016 · end of year $1,236,103
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,350,376 · end of year $2,604,087
-
17 · Accounts payable and accrued expenses
beginning of year $151,272 · end of year $71,744
-
19 · Deferred revenue
beginning of year $121 · end of year $48
-
25 · Other liabilities
beginning of year $82,158 · end of year $83,847
-
27 · Net assets without donor restrictions
beginning of year $9,279,160 · end of year $11,120,322
Mission and programs · 2023
Mission
To provide low income affordable housing to elderly. In addition, provide low cost meals to the residents of the community.
-
Operated 143 units of affordable housing for the elderly in Los Angeles, CA.
Expenses $1,835,264 · Revenue $3,676,426
-
Provided low cost meals to residents and some other members of the community as guests.
As filed on the 2023 return.
Listed in Part VII
-
JoAnn Jolly-Banks
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandra Patt
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Aleasta Newborn
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Lee Walker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Selwyn Jones
President
- Total calculated
- $0
- Hours/week
- 1
-
Janet O Beckford
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Cash Sutton III
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Erma Bernard-Gibson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lorne Oliver
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Felix Leatherwood III
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr John Williams III
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Janine Antoine
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ian Dunn
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Annick Jordan
Director
- Total calculated
- $0
- Hours/week
- 0.5
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520229349300817
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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