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Nonprofiteer
← RETAIL STORE EMPLOYEES BUILDING CORPORATION

Form 990 for tax year 2022

Filed by RETAIL STORE EMPLOYEES BUILDING CORPORATION.

Totals

Total revenue
$530,341
Total expenses
$7,390
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$530,341
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,000,490
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$34,000,490
Program services expenses (Part IX)
$7,390
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,390

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: FINANCING INCOME

    total $530,341 · related or exempt $530,341

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $7,390 · program services $7,390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,165,656 · end of year $16,570,948

  • 2 · Savings and temporary cash investments

    beginning of year $428,624 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $21,883,259 · end of year $17,429,542

  • 27 · Net assets without donor restrictions

    beginning of year $33,477,539 · end of year $34,000,490

Mission and programs · 2022

Mission

RETAIL STORE EMPLOYEES BUILDING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED TO PROVIDE RENTAL HOUSING AND RELATED FACILITIES OR THE ELDERLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND WHICH WILL CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.A PARTNERSHIP PURCHASED THE PROJECT AND RETAIL STORE EMPLOYEES BUILDING CORPORATION NOW FUNDS CASA DEL PUEBLO PRESERVATION LIMITED PARTNERSHIP VIA A SELLER SURPLUS CASH NOTE. THE MAIN PURPOSE OF THIS ENTITY ON A GO FORWARD BASIS WILL TO BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE PARTNERSHIP.

  • THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE AN APARTMENT COMPLEX CONSISTING OF 165 RENTAL UNITS IN SAN JOSE, CALIFORNIA UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.A PARTNERSHIP PURCHASED THE PROJECT AND RETAIL STORE EMPLOYEES BUILDING CORPORATION NOW FUNDS CASA DEL PUEBLO PRESERVATION LIMITED PARTNERSHIP VIA A SELLER SURPLUS CASH NOTE. THE MAIN PURPOSE OF THIS ENTITY ON A GO FORWARD BASIS WILL BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE PARTNERSHIP.

    Expenses $7,390 · Revenue $530,341

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

Listed in Part VII

  • John Nunes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Landes

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349301882

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