Skip to content
Nonprofiteer
← CULPEPPER GARDEN I INCORPORATED

Form 990 for tax year 2024

Filed by CULPEPPER GARDEN I INCORPORATED.

Totals

Total revenue
$1,440,277
Total expenses
$2,863,448
Contributions and grants received
$0
Grants paid
$2,568,519
Program service revenue
$90,512
Investment income
$1,349,765
Other revenue
$0
Total assets, end of year
$23,014,798
Total liabilities, end of year
$16,969,006
Net assets or fund balances, end of year
$6,045,792
Program services expenses (Part IX)
$2,685,397
Management and general expenses
$178,051
Fundraising expenses
$0
Program service expenses (Part III)
$2,685,397

Program services were 93.8% 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: OTHER REVENUE

    total $90,512 · related or exempt $90,512

  • 3 · Investment income

    total $719,243 · excluded $719,243

  • 7a · Gross sales of assets other than inventory

    securities $630,522

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

    securities $0

  • 7c · Gain or loss

    securities $630,522

  • 7d · Net gain or loss

    total $630,522 · excluded $630,522

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,568,519 · program services $2,568,519

  • 7 · Other salaries and wages

    total $87,159 · program services $87,159

  • 9 · Other employee benefits

    total $23,173 · program services $23,173

  • 10 · Payroll taxes

    total $6,476 · program services $6,476

  • 11b · Fees: legal

    total $28 · management and general $28

  • 11c · Fees: accounting

    total $16,050 · management and general $16,050

  • 11f · Fees: investment management

    total $29,519 · management and general $29,519

  • 12 · Advertising and promotion

    total $129,039 · management and general $129,039

  • 13 · Office expenses

    total $3,485 · program services $70 · management and general $3,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,616 · end of year $154,797

  • 4 · Accounts receivable

    beginning of year $64,454 · end of year $61,901

  • 7 · Other notes and loans receivable

    beginning of year $16,966,350 · end of year $16,966,350

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

    $46,697

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $46,697 · end of year $46,697

  • 13 · Investments: program-related

    beginning of year $7,322,892 · end of year $5,785,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,700 · end of year $2,656

  • 19 · Deferred revenue

    beginning of year $16,966,350 · end of year $16,966,350

  • 27 · Net assets without donor restrictions

    beginning of year $7,602,959 · end of year $6,045,792

Mission and programs · 2024

Mission

TO PROVIDE LOW INCOME HOUSING SUPPORT SERVICES FOR ELDERLY TENANTS OVER THE AGE OF 62. CULPEPPER GARDEN I DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, ELDERLINESS, RELIGION, OR NATIONAL ORIGIN.

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING AND SUPPORTIVE SERVICES FOR ELDERLY TENANTS OVER THE AGE OF 62.

  • PROVIDE SUPPORT SERVICES FOR LOW INCOME HOUSING UNITS FOR ELDERLY TENANTS.

    Expenses $2,685,397 · Grants $2,568,519 · Revenue $90,512

As filed on the 2024 return.

Listed in Part VII

  • Charles Meng

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Peter Kant

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mary Susan Philp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Hugh Franklin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rafael E Roman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Emily Abraham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sandy Bushue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kathy Cameron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Micheline Castan-Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Barbara Favola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Brooke Hammond-Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Adam Krischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mesbah Motamed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Vinh Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Chris Spahr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 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.

Grants 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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202543219349308564

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

The source document this was parsed from is served over the API, which is where bulk and document access live.