CONCORD HOMES INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CONCORD HOMES INC (EIN 23-7071540)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-07
- IRS object ID
- 201302199349301265
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-07T13:58:30-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263874426 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLDEN & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 68 MITCHELL BLVD SUITE 240 | AddressLine1 |
| City | SAN RAFAEL | City |
| State | CA | State |
| ZIP Code | 94903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237071540 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD HOMES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CONC | NameControl |
| Phone | 9256871200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 GRANT STREET | AddressLine1 |
| City | CONCORD | City |
| State | CA | State |
| ZIP Code | 94520 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DENNIS HORGAN | Name |
| Title | BOARD PRESIDENT | Title |
| Phone | 9256871200 | Phone |
| Date Signed | 2013-07-26 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS J HOLDEN | Name |
| PTIN | P00507742 | PTIN |
| Phone | 4154724225 | Phone |
| Date Prepared | 2013-07-26 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DENNIS HORGAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 GRANT STREET | AddressLine1 |
| City | CONCORD | City |
| State | CA | State |
| ZIP Code | 94520 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4768623 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1975 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | THE CORPORATION'S MISSION IS TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1139242 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1159533 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1174431 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1178803 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2189549 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2430287 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4503222 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4768623 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 366416 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 408755 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1520194 | OtherExpensePriorYear |
| Other Expenses Current Year | 1553023 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1886610 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1961778 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2616612 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2806845 | RevenuesLessExpensesCY |
| Total Assets BOY | 25439439 | TotalAssetsBOY |
| Total Assets EOY | 27828961 | TotalAssetsEOY |
| Total Liabilities BOY | 1480641 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1063318 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 23958798 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26765643 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE CORPORATION'S MISSION IS TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1938699 | Expense |
| Revenue | 1178803 | Revenue |
| Description | THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE AN APARTMENT COMPLEX INCLUDING FOOD SERVICE, CONSISTING OF 196 RENTAL UNITS FOR LOW-INCOME ELDERLY PERSONS IN CONCORD, CA, UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. | Description |
| Total Program Service Expense | 1938699 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARCELON ASSOCIATES MANAGEMENT CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9256871200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 GRANT STREET | AddressLine1 |
| City | CONCORD | City |
| State | CA | State |
| ZIP Code | 94520 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (5 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| LEE CULEMANN | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| FRANK FRIBLEY | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| DENNIS HORGAN | ||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| GARY ROWE | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| PEGGY POWELL | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SODEXHO | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9801 WASHINGTONIAN BLVD | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 20878 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | FOOD SERVICE | DescriptionOfServices |
| Compensation | 246335 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 1159533 | GovernmentGrants |
| Total Contributions | 1159533 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TENANT RENTS | 531110 | 865071 | 865071 |
| FOOD SERVICE | 531110 | 244360 | 244360 |
| CABLE TV REIMBURSEMENT | 531110 | 43598 | 43598 |
| FACILITY RENT-GROUND L | 531110 | 13900 | 13900 |
| LAUNDRY & OTHER TENANT | 531110 | 11874 | 11874 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1178803 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2430287 | TotalRevenueColumn |
| Exclusion | $2,430,287 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4768623 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1178803 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,430,287 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 348532 | Total |
| Program Services | 348532 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29477 | Total |
| Program Services | 29477 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30746 | Total |
| Program Services | 30746 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132300 | Total |
| Program Services | 119070 | ProgramServices |
| Management And General | 13230 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1175 | Total |
| Program Services | 1175 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8050 | Total |
| Program Services | 7245 | ProgramServices |
| Management And General | 805 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500 | Total |
| Program Services | 500 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70941 | Total |
| Program Services | 63847 | ProgramServices |
| Management And General | 7094 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12840 | Total |
| Program Services | 12840 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2559 | Total |
| Program Services | 2559 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73897 | Total |
| Program Services | 73897 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238221 | Total |
| Program Services | 238221 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80020 | Total |
| Program Services | 78070 | ProgramServices |
| Management And General | 1950 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| REPAIRS AND MAINTENANCE | 343815 | 343815 |
| UTILITIES | 253775 | 253775 |
| SERVICE EXPENSES | 251473 | 251473 |
| PROPERTY TAXES | 69664 | 69664 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13793 | Total |
| Program Services | 13793 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1961778 | Total |
| Program Services | 1938699 | ProgramServices |
| Management And General | 23079 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134788 | BOY |
| EOY | 109036 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 182489 | BOY |
| EOY | 143007 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6905 | BOY |
| EOY | 3952 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1330575 | BOY |
| EOY | 1330575 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43090 | BOY |
| EOY | 42088 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6165451 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5063438 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1259379 | BOY |
| EOY | 1102013 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 395000 | BOY |
| EOY | 428499 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22087213 | BOY |
| EOY | 24669791 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25439439 | BOY |
| EOY | 27828961 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240599 | BOY |
| EOY | 59047 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1163437 | BOY |
| EOY | 925296 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76605 | BOY |
| EOY | 78975 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1480641 | BOY |
| EOY | 1063318 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23958798 | BOY |
| EOY | 26765643 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23958798 | BOY |
| EOY | 26765643 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25439439 | BOY |
| EOY | 27828961 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2806845 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 566625 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 787206 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1110002 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1139242 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1159533 | CurrentTaxYear |
| Total | 4762608 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 566625 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 787206 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1110002 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1139242 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1159533 | CurrentTaxYear |
| Total | 4762608 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 4762608 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1514735 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1773206 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1948066 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2189549 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2430287 | CurrentTaxYear |
| Total | 9855843 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 14618451 | TotalSupport |
| Public Support Pertcentage170 | 0.32580 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.31840 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| Facts And Circumstances Test | THE OGANIZATION OPERATES A LOW-INCOME HOUSING PROJECT, INCLUDING DAILY FOOD SERVICE, FOR THE BENEFIT OF ELDERLY PERSONS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT (AN "OLD AGE HOME" FOR THE PUBLIC) AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO OPERATING METHODS, TENANT RENTS AND TENANT INCOME ELIGIBILITY.THE ORGANIZATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITATION OF FUNDS FROM THE PUBLIC AND GOVERNMENTAL UNITS AND, AS A RESULT, HAS ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (SECTION 8 ASSISTANCE) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ON BEHALF OF QUALIFIED LOW-INCOME TENANTS. THE CURRENT CONTRACT DOES NOT EXPIRE UNTIL JULY 2029. HUD HAS ESTABLISHED VARIOUS GUIDELINES FOR THE RENEWAL OF THESE CONTRACTS AND THE ORGANIZATION MAINTAINS COMPLIANCE WITH THE REQUIRED GUIDELINES TO ASSURE THE POTENTIAL OF OBTAINING FURTURE SECTION 8 FUNDING FROM HUD UPON THE EXPIRATION OF THE CURRENT CONTRACT IN 2029.IN ADDITION, THE ORGANIZATION HAS AN INTEREST REDUCTION PAYMENT CONTRACT WITH HUD UNDER WHICH HUD, FOR THE BENEFIT OF THE ORGANIZATION, PAYS A SPECIFIED PORTION OF THE MONTHLY MORTGAGE PAYMENT DUE ON THE MORTGAGE THAT WAS ORIGINALLY INCURRED TO AQUIRE AND REHABILITATE THE LOW-INCOME HOUSING PROJECT. THE CONTRACT REQUIRES THE ORGANIZATION TO CONTINUE TO PROVIDE LOW-INCOME HOUSING TO THE PUBLIC IN COMPLIANCE WITH REGULATIONS, OPERATING METHODS, AND TENANT RENT AND INCOME ELIGIBILITY REQUIREMENTS ESTABLISHED BY HUD. THE INTEREST REDUCTION PAYMENT CONTRACT EXPIRES IN 2016, AT WHICH TIME THE MORTGAGE WILL BE PAID IN FULL.FOR 2012, THE ORGANIZATION RECEIVED SUPPORT FROM HUD IN THE FORM OF $970,528 OF SECTION 8 ASSISTANCE PAYMENTS AND $115,108 OF INTEREST REDUCTION PAYMENTS.THE OTHER SOURCES OF SUPPORT (ON AN ACCRUAL BASIS) FOR 2012, AS DEFINED BY REG SUBSECTION 1.170A-9T(F)(7)(I), WERE INTEREST INCOME OF $2,396,788 AND DIVIDEND INCOME OF $33,499.OF THE $2,396,788 OF INTEREST INCOME FOR 2012, $2,197,667 WAS ACCRUED (AND UNPAID) INTEREST RECEIVABLE FROM A RELATED ENTITY FOR DEBTS DUE TO THE ORGANIZATION FOR AMOUNTS LOANED TO THE RELATED ENTITY TO OBTAIN, REHABILITATE AND OPERATE A SEPARATE GOVERNMENT REGULATED LOW-INCOME HOUSING PROJECT FOR THE ELDERLY. THE PRINCIPAL AND INTEREST ARE DEFERRED, AND NO PAYMENTS OF PRINCIPAL OR INTEREST HAVE EVER BEEN RECEIVED ON THE NOTE RECEIVABLE OR THE RELATED ACCRUED INTEREST RECEIVABLE.ON A CASH BASIS, ONLY $2,686 OF INTEREST AND $33,499 OF DIVIDENDS WERE ACTUALLY RECEIVED IN 2012 ON BANK AND INVESTMENT ACCOUNTS.AT DECEMBER 31, 2012, THE BOARD OF DIRECTORS OF THE ORGANIZATION WAS COMPOSED OF FIVE NON-PAID VOLUNTEERS FROM THE CONCORD, CALIFORNIA COMMUNITY, NONE OF WHICH WERE SIGNIFICANT DONORS. | FactsAndCircumstancesTest |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 245762 | OtherCostOrOtherBasis |
| Book Value | 245762 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4954801 | OtherCostOrOtherBasis |
| Depreciation | 4384047 | Depreciation |
| Book Value | 570754 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 964888 | OtherCostOrOtherBasis |
| Depreciation | 679391 | Depreciation |
| Book Value | 285497 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1102013 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (8 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| TENANT SECURITY DEPOSITS | 85713 |
| ACCRUED INTEREST ON LOAN RECEIVABLE | 21029173 |
| ESCROWS HELD BY MORTGAGE | 33032 |
| PLAZA TOWER ASSOCIATES | 94714 |
| REPLACEMENT RESERVES | 527919 |
| RESIDUAL RECEIPTS RESERVE | 654894 |
| EXCESS INCOME RESERVE | 51613 |
| SALVIO GRANT LAND PARTNERSHIP | 2192733 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 24669791 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TENANT SECURITY DEPOSITS | $78,896 |
| PREPAID REVENUE | $79 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 78975 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 2253225 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 2253225 | RevenueSubtotal |
| Other Revenues Not Included | 2515398 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2515398 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4768623 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1880715 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1880715 | ExpensesSubtotal |
| Other Expenses Not Included | 81063 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 81063 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1961778 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | BOARD ACCOUNT REVENUE 2,441,501. MORTGAGE INTEREST PAID BY HUD 73,897. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ADDITIONAL DEPRECIATION EXPENSE 7,166. MORTGAGE INTEREST PAID BY HUD 73,897. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | DESCRIPTION OF DELEGATED DUTIES TO MANAGEMENT COMPANY - THE MANAGEMENT COMPANY WAS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW-INCOME HOUSING PROJECT, INCLUDING TENANT SELECTION AND CERTIFICATION, RENT COLLECTION, HIRING AND SUPERVISION OF EMPLOYEES (ALL PROJECT STAFF WERE EMPLOYEES OF THE MANAGEMENT COMPANY), FACILITY MAINTENANCE, ETC. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO SEPARATE COMMITTEES WITHIN THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 REVIEW PROCESS - THE FORM 990 IS REVIEWED BY THE MANAGEMENT COPMPANY, PRESENTED TO THE BOARD OF DIRECTORS AND THEN SIGNED BY A MEMBER OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE - DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE MANAGEMENT AGENT'S OFFICE. |
| FORM 990, PART XII, LINE 2C. | THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS; THE BOARD REVIEWS AND APPROVES A DRAFT OF THE AUDITED FINANCIAL STATEMENTS PRIOR TO ITS RELEASE. THE BOARD OF DIRECTORS ALONG WITH THE MANAGEMENT COMPANY OVERSEE THE SELECTION OF AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD PLAZA TOWER INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 GRANT STREET | AddressLine1 |
| City | CONCORD | City |
| State | CA | State |
| ZIP Code | 94520 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942984887 | EIN |
| Primary Activities | LOW INCOME HOUSING | PrimaryActivities |
| Legal Domicile State | CA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SALVIO-GRANT LAND PARTNERSHIP | |||||||||||||
| 1950 PARKSIDE DRIVE | CONCORD | CA | 94519 | 680095668 | FACILITY RENT | CA | N/A | RELATED | 210335 | 2192733 | 0 | 1 | |
| PLAZA TOWER ASSOCIATES | |||||||||||||
| 2020 GRANT STREET | CONCORD | CA | 94520 | 680089688 | LOW-INCOME HOUSING | CA | RELATED | 0 | 1 | CONCORD PLAZA TOWER INC | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLAZA TOWER ASSOCIATES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | D | TransactionType |
| Amount Involved | 1330575 | AmountInvolved |
| Method Of Amt Determination | PROMISSORY NOTE | MethodOfAmtDetermination |
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