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Nonprofiteer
← CANON KIP INC

Form 990 for tax year 2024

Filed by CANON KIP INC.

Totals

Total revenue
$5,800
Total expenses
$5,915
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$5,800
Total assets, end of year
$1,077,065
Total liabilities, end of year
$3,870,289
Net assets or fund balances, end of year
-$2,793,224
Program services expenses (Part IX)
$5,915
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,915

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.

  • 11a · Other revenue: OTHER REVENUE

    total $5,800 · related or exempt $5,800

  • 11e · Other revenue, total

    $5,800

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: TAX PREPARATION

    total $5,800 · program services $5,800

  • 24b · Other expenses: LOSS FROM PARTNERSHIP

    total $115 · program services $115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,065 · end of year $7,065

  • 4 · Accounts receivable

    beginning of year $105,000 · end of year $70,000

  • 7 · Other notes and loans receivable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $3,905,174 · end of year $3,870,289

  • 27 · Net assets without donor restrictions

    beginning of year -$2,793,109 · end of year -$2,793,224

Mission and programs · 2024

Mission

CANON KIP, INC. IS THE GENERAL PARTNER IN CANON KIP ASSOCIATES II, LP AND EXISTS TO SUPPORT THE PARTNERSHIP'S EFFORTS TO DEVELOP, CONSTRUCT AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PERSONS.

Activities or mission (Part I)

CANON KIP INC.'S PRIMARY EXEMPT PURPOSES ARE TO ACQUIRE, DEVELOP, MAINTAIN, OPERATE, SELL, LEASE AND FINANCE A LOW INCOME HOUSING DEVELOPMENT; AND TO SUPPORT AND BENEFIT ESPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO, A CALIFORNIA, PUBLICLY SUPPORTED, NONPROFIT PUBLIC BENEFIT CORPORATION.

  • CANON KIP, INC. IS THE GENERAL PARTNER IN CANON KIP ASSOCIATES II, LP AND EXISTS TO SUPPORT THE PARTNERSHIP'S EFFORTS TO DEVELOP, CONSTRUCT AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PERSONS.

    Expenses $5,915 · Revenue $5,800

As filed on the 2024 return.

Listed in Part VII

  • Mary Elizabeth Stokes

    PRESIDENT

    Total calculated
    $380,710
    From this org
    $0
    From related orgs
    $337,385
    Other
    $43,325
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,379 related
    Nontaxable benefits
    $0 + $10,946 related
    Filer's total
    $0 + $380,710 related

  • Richard Springwater

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Cooke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Eric Larra

    TREASURER

    Total calculated
    $281,085
    From this org
    $0
    From related orgs
    $251,932
    Other
    $29,153
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,932 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,057 related
    Nontaxable benefits
    $0 + $13,096 related
    Filer's total
    $0 + $281,085 related

  • Todd Clayter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Frederic Knapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alejandro Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jon Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dara Silveira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Barbara Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sharon Christen

    SECRETARY

    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. 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
COMPENSATION SURVEY OR STUDY WAS USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S EXECUTIVE(S). BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO 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.

  • EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

    501(C)(3) · HOMELESS SHELTERS, HOUSING SUPPORT SERVICES, HOUSING DEVELOPER · CA

  • CANON BARCUS INC

    501(C)(3) · GP ACTIVITIES FOR RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

    Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

  • ECS HOUSING CORPORATION

    501(C)(3) · ORGANIZATION THAT BENEFITS AND SUPPORTS ECS IN ACQUIRING, DEVELOPING, ETC. · CA

    Directly controlled by EPISCOPAL COMMUNITY SERVICES OF SAN FRANCISCO

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.

  • 275 10TH STREET ASSOCIATES LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

  • CANON BARCUS ASSOCIATES LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA

  • CANON KIP ASSOCIATES II LP

    RELATED · RENTAL REAL ESTATE - LOW INCOME HOUSING · CA · 0.01% owned · share of income $33,856 · share of assets $3,454,295 · general or managing partner

    Directly controlled by CANON KIP INC

  • 1064 MISSION LP

    N/A · RENTAL REAL ESTATE - LOW INCOME HOUSING; DEVELOPMENT/CONSTRUCTION OF RENTAL · CA

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349324530

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