PASADENA GATEWAY WILLAS CORPORATION: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
PASADENA GATEWAY WILLAS CORPORATION (EIN 71-0935159)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-02-11
IRS object ID
201140429349300124
Schema version
2009v1.4
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

FieldValueIRS element (for citing)
Timestamp2011-02-11T12:16:29-06:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1bernard kotkin & company llpBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1533 s fremont ave 802AddressLine1
Citylos angelesCity
StateCAState
ZIP Code90071ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN710935159EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1PASADENA GATEWAY VILLAS CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPASANameControl
Phone6263561093Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 EAST CORSON STREETAddressLine1
CityPASADENACity
StateCAState
ZIP Code91103ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL GRAYDONName
TitleFUND MANAGERTitle
Phone6263561093Phone
Date Signed2011-02-11DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone2138929090Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMICHAEL GRAYDONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1100 EAST CORSON STREETAddressLine1
CityPASADENACity
StateCAState
ZIP Code91103ZIPCode
FieldValueIRS element (for citing)
Gross Receipts22328808GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web Siten/aWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2003YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission Descriptiontitle holding companyActivityOrMissionDescription
Nbr Voting Members Governing Body1NbrVotingMembersGoverningBody
Nbr Independent Voting Members1NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Prior Year14374073OtherRevenuePriorYear
Other Revenue Current Year8020159OtherRevenueCurrentYear
Total Revenue Prior Year14374073TotalRevenuePriorYear
Total Revenue Current Year8020159TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expenses Current Year0OtherExpensesCurrentYear
Total Expenses Current Year0TotalExpensesCurrentYear
Revenues Less Expenses Prior Year14374073RevenuesLessExpensesPriorYear
Revenues Less Expenses CY8020159RevenuesLessExpensesCY
Total Assets BOY119235900TotalAssetsBOY
Total Assets EOY126479260TotalAssetsEOY
Total Liabilities BOY2958052TotalLiabilitiesBOY
Total Liabilities EOY2239611TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY116277848NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY124239649NetAssetsOrFundBalancesEOY
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Descriptionthe purpose of this organization is to collect rental income from tenants and disburse expenses applicable to rental incomeDescription
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109640NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Nbr Voting Governing Body Members1NbrVotingGoverningBodyMembers
Number Independent Voting Members1NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1INVESCOBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9727157493TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1THREE GALLERIA TOWER 13155 NOELAddressLine1
CityDALLASCity
StateTXState
ZIP Code75240ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA

FieldValueIRS element (for citing)
Name PersonINVESCO INSTITUTIONALNamePerson
TitleREAL ESTATE MANAGERTitle
Average Hours Per Week40.00AverageHoursPerWeek
Institutional TrusteeXInstitutionalTrustee
Reportable Comp From Organization0ReportableCompFromOrganization
Reportable Comp From Related Orgs2298606ReportableCompFromRelatedOrgs
Other Compensation0OtherCompensation
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs2298606TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
CON-AM INC
130 NEWPORT CENTER DRIVE 200NEWPORT bEACHCA92660BUILDING REPAIRS AND MAINTENANCE3009066
CB RICHARD ELLIS
11150 SANTA MONICA BLVD SUITE 1600LOS ANGELESCA90025PROPERTY MANAGER1324208
WSA SECURITIES
10311 S LA CIENEGA BLVDLOS ANGELESCA90045BUILDING SECURITY643581
S & K LANDSCAPE COMPANY
50 BARTZAK DRIVEHOLLISTONMA01746LANDSCAPING SERVICES241963
AMERICAN BUILDING MAINTENANCE
5200 S EASTERN AVENUECITY OF COMMERCECA90040JANITORIAL SERVICES223729
FieldValueIRS element (for citing)
Number Of Contractors GT100 K5NumberOfContractorsGT100K

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real22328808Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real14308649Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real8020159Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column8020159TotalRevenueColumn
Related Or Exempt Function Income8020159RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column8020159TotalRevenueColumn
Related Or Exempt Function Income8020159RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY804047BOY
EOY1002190EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY227054BOY
EOY257916EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY104044BOY
EOY188874EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY864161BOY
EOY774402EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis2190703LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1325060LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY1059948BOY
EOY865643EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY116176646BOY
EOY123390235EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY119235900BOY
EOY126479260EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1805248BOY
EOY905684EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY519937BOY
EOY622295EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY632867BOY
EOY711632EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY2958052BOY
EOY2239611EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY116277848BOY
EOY124239649EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY116277848BOY
EOY124239649EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY119235900BOY
EOY126479260EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis41599OtherCostOrOtherBasis
Depreciation7803Depreciation
Book Value33796BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Investment Cost Or Other Basis1912777InvestmentCostOrOtherBasis
Other Cost Or Other Basis236327OtherCostOrOtherBasis
Depreciation1317257Depreciation
Book Value831847BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings865643TotalOfBookValueLandBuildings

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBook ValueBookValue
OTHER RECEIVABLES47805
ADVANCE FOR TENANT EXPENSE68937
INVESTMENTS - LAND AND BUILDING29147017
CAPITAL ADVANCED ACCOUNT94126476
FieldValueIRS element (for citing)
Total Book Value Other Assets123390235TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
Descriptionrental depositsDescription
Amount$711,632Amount
FieldValueIRS element (for citing)
Total Of Amounts711632TotalOfAmounts
Total Revenue8020159TotalRevenue
Total Expenses0TotalExpenses
Excess Or Deficit For Year8020159ExcessOrDeficitForYear
Other-$58,358OtherAmount
Total Adjustments-58358TotalAdjustments
Excess Or Deficit Per FS7961801ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt22328808TotRevenueEtcAuditedFinclStmt
Other Revenues14308649OtherRevenues
Revenue Not Rptd F99014308649RevenueNotRptdF990
Revenue Subtotal8020159RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9908020159TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt14308649TotExpensesEtcAuditedFinclStmt
Other Expenses Included14308649OtherExpensesIncluded
Expenses Not Rptd F99014308649ExpensesNotRptdF990
Expenses Subtotal0ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9900TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierExplanationExplanation
Part XI, Line 8 - Other Adjustments:RETAINED EARNINGS, MONTEREY VIEW: -58358.
Part XII, Line 2d - Other Adjustments:deduction of rental expenses: 14308649.
Part XIII, Line 2d - Other Adjustments:rental expenses deducted from rental revenue: 14308649.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierExplanationExplanation
Form 990, Part VI, Section A, line 3INVESCO INSTITUTIONAL INC. HAS BEEN RETAINED BY BOARD OF TRUSTEES OF OPERATING ENGINEERS PENSION TURST TO MANAGE AND OPERATE THE REAL ESTATE PROPERTIES.
Form 990, Part VI, Section B, line 11FUND MANAGER REVIEWS FORM 990 BEFORE FILING THE RETURN.
Form 990, Part VI, Section C, line 19THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE ADMINISTRATIVE OFFICE LOCATED AT 13155 NOEL ROAD SUITE 500, DALLAS, TX 75240.
FORM 990, PART XI, LINE 2C:THE ORGANIZATION DOES NOT HAVE A SEPARATE AUDIT COMMITTEE. THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITORS.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1OPERATING ENGINEERS PENSION TRUSTBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1100 EAST CORSONAddressLine1
CityPASADENACity
StateCAState
ZIP Code91103ZIPCode
FieldValueIRS element (for citing)
EIN956032478EIN
Primary ActivitiesTO PROVIDE PENDION BENEFITS TO RETIRED ELIGIBLE MEMBERS.PrimaryActivities
Legal Domicile StateCALegalDomicileState
Exempt Code Section401 (A)ExemptCodeSection
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org1OtherTransferToOtherOrg
Other Transfer From Other Org1OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
OPERATING ENGINEERS PENSION TURST
Q8306090
OPERATING ENGINEERS PENSION TURST
R4131376

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