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Nonprofiteer
← SAN DIEGO CHARITABLE REAL ESTATE FOUNDATION

Form 990 for tax year 2023

Filed by SAN DIEGO CHARITABLE REAL ESTATE FOUNDATION.

Totals

Total revenue
$8,045,715
Total expenses
$4,556,575
Contributions and grants received
$7,450,000
Grants paid
$3,906,663
Program service revenue
$127,650
Investment income
$468,065
Other revenue
$0
Total assets, end of year
$7,498,844
Total liabilities, end of year
$49,183
Net assets or fund balances, end of year
$7,449,661
Program services expenses (Part IX)
$4,218,620
Management and general expenses
$337,955
Fundraising expenses
$0
Program service expenses (Part III)
$4,218,620

Program services were 92.6% 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.

  • 1f · All other contributions, gifts and grants

    $7,450,000

  • 1g · Noncash contributions included above

    $7,450,000

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $127,500 · related or exempt $127,500

  • 2f · All other program service revenue

    total $150 · related or exempt $150

  • 3 · Investment income

    total $28,065 · excluded $28,065

  • 7a · Gross sales of assets other than inventory

    other assets $4,300,000

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

    other assets $3,860,000

  • 7c · Gain or loss

    other assets $440,000

  • 7d · Net gain or loss

    total $440,000 · excluded $440,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,906,663 · program services $3,906,663

  • 11a · Fees: management

    total $127,500 · management and general $127,500

  • 11b · Fees: legal

    total $66,960 · program services $66,960

  • 11c · Fees: accounting

    total $3,360 · management and general $3,360

  • 11g · Fees: other

    total $178,658 · program services $178,658

  • 13 · Office expenses

    total $1,130 · management and general $1,130

  • 16 · Occupancy

    total $66,339 · program services $66,339

  • 19 · Conferences, conventions and meetings

    total $47 · management and general $47

  • 23 · Insurance

    total $15,075 · management and general $15,075

  • 24a · Other expenses: FILING FEES

    total $220 · management and general $220

  • 24e · All other expenses

    total $190,623 · management and general $190,623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $220,047 · end of year $48,089

  • 4 · Accounts receivable

    beginning of year $3,860,797 · end of year $7,450,755

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,323 · end of year $49,183

  • 27 · Net assets without donor restrictions

    beginning of year $3,960,521 · end of year $7,449,661

Mission and programs · 2023

Mission

SEE SCHEDULE O.THE EXEMPT PURPOSE OF SAN DIEGO CHARITABLE REAL ESTATE FOUNDATION IS TO SUPPORT SAN DIEGO FOUNDATION IN ITS MISSION TO PROMOTE AND INCREASE RESPONSIBLE AND EFFECTIVE PHILANTHROPY BY ACCEPTING, MANAGING AND MARKETING REAL ESTATE GIFTS. SAN DIEGO CHARITABLE REAL ESTATE FOUNDATION ALSO PROVIDES SELECTED REAL ESTATE SERVICES TO OTHER NONPROFIT ORGANIZATIONS WITHIN THE SAN DIEGO COMMUNITY, THUS FURTHERING THE MISSION OF SAN DIEGO FOUNDATION.

Activities or mission (Part I)

INCREASE RESPONSIBLE PHILANTHROPY BY ACCEPTING, MANAGING AND MARKETING REAL ESTATE GIFTS.

  • SEE SCHEDULE O.GIFTS OF REAL ESTATE ARE MANAGED AND LIQUIDATED THROUGH THIS ENTITY WITH THE PROCEEDS CREATING OR SUPPLEMENTING AN ESTABLISHED FUND AT SAN DIEGO FOUNDATION. PROCEEDS FROM SALE OF PROPERTIES ARE TRANSFERRED TO SAN DIEGO FOUNDATION FOR GRANTING TO THE COMMUNITY OR ADDING TO ENDOWMENT PRINCIPAL.

    Expenses $4,218,620 · Grants $3,906,663 · Revenue $127,650

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALLAN WASSERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • LEENA GUPTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.3 related

  • JAMES HOWELL

    BOARD TREASURER

    Total calculated
    $486,591
    From this org
    $0
    From related orgs
    $415,597
    Other
    $70,994
    Hours/week
    2.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,247 related
    Bonus
    $0 + $35,350 related
    Other
    $0
    Deferred
    $0 + $40,452 related
    Nontaxable benefits
    $0 + $30,542 related
    Filer's total
    $0 + $486,591 related

  • JOSEPH A DELANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • MARK D BITTERLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • ELVIN LAI

    DIRECTOR (THRU 7/23)

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • MARK STUART CFRE

    BOARD SECRETARY

    Total calculated
    $689,233
    From this org
    $0
    From related orgs
    $597,886
    Other
    $91,347
    Hours/week
    0.2 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $503,279 related
    Bonus
    $0 + $94,607 related
    Other
    $0
    Deferred
    $0 + $68,055 related
    Nontaxable benefits
    $0 + $23,292 related
    Filer's total
    $0 + $689,233 related

  • RENEE SAVAGE

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • TIM MEISSNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • TONY YOUSIF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CINDY J BERTRAND

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 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)

FORM 990, SCHEDULE J, PART I, LINE 3:
THE ORGANIZATION RELIES ON ITS RELATED ORGANIZATION, SAN DIEGO FOUNDATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR.

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

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
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202501209349303505

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