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Nonprofiteer
← ALTO STATION INC

Form 990 for tax year 2022

Filed by ALTO STATION INC.

Totals

Total revenue
$1,569,535
Total expenses
$1,667,199
Contributions and grants received
$123,959
Grants paid
$0
Program service revenue
$1,441,144
Investment income
$4,432
Other revenue
$0
Total assets, end of year
$7,338,192
Total liabilities, end of year
$8,244,983
Net assets or fund balances, end of year
-$906,791
Program services expenses (Part IX)
$1,567,776
Management and general expenses
$99,423
Fundraising expenses
$0
Program service expenses (Part III)
$1,567,776

Program services were 94.0% 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.

  • 1e · Government grants (contributions)

    $123,959

  • 2a · Program service revenue: NET RENTAL REVENUE

    total $1,420,965 · related or exempt $1,420,965

  • 2b · Program service revenue: ANCILLARY SERVICES

    total $16,940 · related or exempt $16,940

  • 2c · Program service revenue: OTHER REVENUE

    total $2,082 · related or exempt $2,082

  • 2d · Program service revenue: TENANT CHARGES

    total $1,157 · related or exempt $1,157

  • 3 · Investment income

    total $4,432 · excluded $4,432

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $170,993 · program services $170,993

  • 8 · Pension plan contributions

    total $6,360 · program services $6,360

  • 9 · Other employee benefits

    total $61,966 · program services $61,966

  • 10 · Payroll taxes

    total $13,319 · program services $13,319

  • 11a · Fees: management

    total $132,492 · program services $86,340 · management and general $46,152

  • 11b · Fees: legal

    total $206 · program services $206

  • 11c · Fees: accounting

    total $45,497 · management and general $45,497

  • 11g · Fees: other

    total $2,874 · program services $2,874

  • 13 · Office expenses

    total $22,384 · program services $22,384

  • 14 · Information technology

    total $8,892 · program services $8,892

  • 16 · Occupancy

    total $482,040 · program services $482,040

  • 17 · Travel

    total $1,280 · program services $1,280

  • 22 · Depreciation, depletion and amortization

    total $283,227 · program services $275,453 · management and general $7,774

  • 23 · Insurance

    total $36,808 · program services $36,808

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $324,872 · program services $324,872

  • 24b · Other expenses: ON-SITE MANAGER'S RENT

    total $49,902 · program services $49,902

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $6,507 · program services $6,507

  • 24d · Other expenses: TRUSTEE/BOND FEES

    total $6,100 · program services $6,100

  • 24e · All other expenses

    total $11,480 · program services $11,480

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,198 · end of year $124,042

  • 4 · Accounts receivable

    beginning of year $17,422 · end of year $22,063

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,322 · end of year $21,182

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

    $10,763,457

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

    $4,685,230

  • 10c · Land, buildings and equipment, net

    beginning of year $6,288,551 · end of year $6,078,227

  • 14 · Intangible assets

    beginning of year $378,594 · end of year $102,255

  • 15 · Other assets

    beginning of year $735,175 · end of year $990,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,797 · end of year $106,149

  • 19 · Deferred revenue

    beginning of year $17,896 · end of year $16,487

  • 23 · Secured mortgages and notes payable

    beginning of year $8,102,673 · end of year $7,953,070

  • 25 · Other liabilities

    beginning of year $212,023 · end of year $169,277

  • 27 · Net assets without donor restrictions

    beginning of year -$910,002 · end of year -$998,893

  • 28 · Net assets with donor restrictions

    beginning of year $100,875 · end of year $92,102

Mission and programs · 2022

Mission

MISSION: THIS ORGANIZATION SUPPORTS BRIDGE HOUSING CORPORATION (BRIDGE). BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

  • THE ORGANIZATION OWNS AND OPERATES HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS.

    Expenses $1,567,776 · Revenue $1,441,144

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

Listed in Part VII

  • KIMBERLY MCKAY

    EVP OF DEVELOPMENT (OUTGOING)

    Total calculated
    $584,511
    From this org
    $0
    From related orgs
    $486,042
    Other
    $98,469
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,478 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $216,564 related
    Deferred
    $0 + $65,350 related
    Nontaxable benefits
    $0 + $33,119 related
    Filer's total
    $0 + $584,511 related

  • KENNETH LOMBARD

    PRESIDENT & CEO

    Total calculated
    $538,963
    From this org
    $0
    From related orgs
    $503,363
    Other
    $35,600
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,324 related
    Bonus
    $0
    Other
    $0 + $8,039 related
    Deferred
    $0 + $23,664 related
    Nontaxable benefits
    $0 + $11,936 related
    Filer's total
    $0 + $538,963 related

  • DELPHINE SHERMAN

    EVP & CFO

    Total calculated
    $463,568
    From this org
    $0
    From related orgs
    $347,144
    Other
    $116,424
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,784 related
    Bonus
    $0 + $74,000 related
    Other
    $0 + $360 related
    Deferred
    $0 + $56,850 related
    Nontaxable benefits
    $0 + $59,574 related
    Filer's total
    $0 + $463,568 related

  • REBECCA HLEBASKO

    SVP GENERAL COUNSEL

    Total calculated
    $447,051
    From this org
    $0
    From related orgs
    $342,254
    Other
    $104,797
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,488 related
    Bonus
    $0 + $58,527 related
    Other
    $0 + $3,239 related
    Deferred
    $0 + $64,350 related
    Nontaxable benefits
    $0 + $40,447 related
    Filer's total
    $0 + $447,051 related

  • JAMES MATHER

    EVP & CIO

    Total calculated
    $444,903
    From this org
    $0
    From related orgs
    $347,823
    Other
    $97,080
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,678 related
    Bonus
    $0 + $68,684 related
    Other
    $0 + $4,461 related
    Deferred
    $0 + $52,283 related
    Nontaxable benefits
    $0 + $44,797 related
    Filer's total
    $0 + $444,903 related

  • SUSAN JOHNSON

    EVP (OUTGOING)

    Total calculated
    $266,305
    From this org
    $0
    From related orgs
    $245,086
    Other
    $21,219
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $65,752 related
    Bonus
    $0 + $91,534 related
    Other
    $0 + $87,800 related
    Deferred
    $0 + $17,935 related
    Nontaxable benefits
    $0 + $3,284 related
    Filer's total
    $0 + $266,305 related

  • SIERRA ATILANO

    EVP OF DEVELOPMENT

    Total calculated
    $80,026
    From this org
    $0
    From related orgs
    $76,056
    Other
    $3,970
    Hours/week
    1 + 39 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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
OFFICERS ARE FULL-TIME EMPLOYEES OF BRIDGE HOUSING CORPORATION, A RELATED 501(C)(3) CHARITABLE NONPROFIT ORGANIZATION. PROPOSED COMPENSATION IS PRESENTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF BRIDGE HOUSING CORPORATION. THE PROPOSAL INCLUDES COMPARABLE DATA FROM INDEPENDENT SOURCES. THE COMMITTEE THEN APPROVES OR DISCUSSES ALTERNATIVES TO THE PROPOSAL.
PART I, LINE 4A
KIMBERLY MCKAY, EVP OF DEVELOPMENT, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $150,000.

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.

  • ARMSTRONG PLACE INC

    501(C)(3) · INTENDED GP OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BAYVIEW SENIOR HOUSING INC

    501(C)(3) · OWNER & OPERATOR OF HUD SECTION 202 PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BERNAL SENIOR HOUSING CORPORATION

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BLP PARTNERSHIP INC

    501(C)(3) · OWNER & OPERATOR OF SENIOR ASSISTED LIVING FACILITY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BOMH INC

    501(C)(3) · OWNER & OPERATOR OF AFFORDABLE HOUSING PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE BISSELL CORP

    501(C)(3) · INTENDED GP OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE COMMUNITY IMPACT

    501(C)(3) · SUPPORT CORPORATION TO BRIDGE HOUSING CORPORATION · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE ECONOMIC DEVELOPMENT CORPORATION

    501(C)(4) · DEVELOPER, GENERAL PARTNER, AND COMMERCIAL PROPERTY OWNER & OPERATOR · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE HOMES INC

    501(C)(3) · DEVELOPER OF AFFORDABLE OWNERSHIP PROJECTS · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE HOUSING ACQUISITIONS INC

    501(C)(3) · OWNER OF MIXED USE AND AFFORDABLE HOUSING COMPLEXES · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE HOUSING CORP - SOUTHERN CALIFORNIA

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE HOUSING CORPORATION

    501(C)(3) · SUPPORT CORPORATION TO BRIDGE HOUSING CORPORATION · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE HOUSING VENTURES INC

    501(C)(3) · CONTROLLING GP & LP OF AFFORDABLE PARTNERSHIPS AND LAND OWNER · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE IMPACT CAPITAL

    501(C)(3) · PRVDR OF HOME OWNERSHIP SRVCS AND MORTG ASSISTANCE PROGS FOR LOW INC FAMILIE · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE NORCAL DEVELOPMENT INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE NORTHWEST DEVELOPMENT INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE PROPERTY MANAGEMENT COMPANY

    501(C)(3) · PROPERTY MANAGEMENT PROVIDER OF AFFORDABLE HOUSING · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE REGIONAL PARTNERS INC

    501(C)(3) · OWNER OF LAND AND OPERATOR OF PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE SUPPORT CORPORATION

    501(C)(3) · SUPPORT CORPORATION TO BRIDGE HOUSING CORPORATION · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE TERRAZA INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE THIRD STREET INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRIDGE WEST OAKLAND HOUSING INC

    501(C)(3) · OWNER & OPERATOR OF AFFORDABLE HOUSING PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BRISBANE SENIOR HOUSING INC

    501(C)(3) · OWNER & OPERATOR OF AFFORDABLE HOUSING PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • BROADWAY TOWER INC

    501(C)(3) · FORMER GENERAL PARTNER OF HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • CALISTOGA BRANNAN HOUSING INC

    501(C)(3) · GP & LP OF AFFORDABLE HOUSING PARTNERSHIPS · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • CENTERTOWN INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • CHESTNUT CAMPUS INC

    501(C)(3) · SUPPORT CORPORATION TO BRIDGE HOUSING CORPORATION · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • CHESTNUT CREEK INC

    501(C)(3) · OWNER & OPERATOR OF HUD SECTION 202 PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • CHURCH STREET HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • COGGINS SQUARE INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • DANVILLE SENIOR HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • EMERYVILLE SENIOR HOUSING INC

    501(C)(3) · OWNER & OPERATOR OF HUD SECTION 202 PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • FELL STREET HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • HERCULES SENIOR HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • HUNT AVENUE INC

    501(C)(3) · GP & LP OF AFFORDABLE HOUSING PARTNERSHIPS · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • MCB FAMILY HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • METRO SENIOR HOMES INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • MILPITAS HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • NAIROBI HOUSING INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • NORTH BEACH HOUSING INC

    501(C)(3) · LIMITED PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • NORTHPOINT HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • NORTHSIDE SENIOR HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • OHLONE HOUSING CORPORATION

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • REDWOOD SHORES SENIOR HOUSING INC

    501(C)(3) · OWNER & OPERATOR OF HUD SECTION 202 PROPERTY · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • ROBERTS AVENUE INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • ROTARY VALLEY INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • SAN MARCOS FAMILY HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • SILVERADO CREEK HOUSING INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • SITE K INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • STROBRIDGE HOUSING INC

    501(C)(3) · CONTROLLING GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • WESTPARK HOUSING CORP

    501(C)(3) · INTENDED GP OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

  • WINFIELD HILL INC

    501(C)(3) · GENERAL PARTNER OF AFFORDABLE HOUSING PARTNERSHIP · CA

    Directly controlled by BRIDGE HOUSING CORPORATION

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.

  • CASA VISTA HOUSING LLC

    LOW-INCOME HOUSING · CA · income $763,565 · assets $5,400,985

    Directly controlled by ALTO STATION INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202303149349302735

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