St Nicholas Foundation Inc
- Assets
- $8.0m
- Revenue
- $1.4m
- Investments
- $1.5m
- Employees
- 0
- Location
- Stevenson Ranch, CA
- Founding
- 08/1980
- Data as of
- 12/2021
- EIN
- 23-7108388
Organization Overview
St Nicholas Foundation Inc is located in Stevenson Ranch, CA. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Nicholas Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Nicholas Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, St Nicholas Foundation Inc has awarded 91 individual grants totaling $1,702,441. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING FOR SENIOR CITIZENS
Describe the Organization's Program Activity:
THE FOUNDATION MAINTAINS AND MANAGES 76 SUBSIDIZED RENTAL UNITS FOR THE ELDERLY. THE FOUNDATION PROVIDES GRANTS AND ALLOCATIONS TO SENIORS AND OTHERS FOR EDUCATION AND RELIGIOUS PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Kezios President | OfficerTrustee | 10 | $0 |
Mihail Koulakis Vice President | OfficerTrustee | 4 | $0 |
Theodore Karlakis Treasurer | OfficerTrustee | 2 | $0 |
Howard Daniel Barefoot Secretary | OfficerTrustee | 2 | $0 |
Trevon Kezios Director | Trustee | 2 | $0 |
Steven Naltsas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $91,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,354,259 |
| Net Gain/Loss on Asset Sales | $1,415,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,410,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $47,543 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,824 |
| Fees for services: Management | $78,058 |
| Fees for services: Legal | $18,349 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,161 |
| Insurance | $58,022 |
| All other expenses | $0 |
| Total functional expenses | $1,384,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,765 |
| Savings and temporary cash investments | $1,627,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $848,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,930 |
| Investments—publicly traded securities | $260,823 |
| Investments—other securities | $1,500,000 |
| Investments—program-related | $0 |
| Intangible assets | $19,013 |
| Other assets | $3,811 |
| Total assets | $8,039,133 |
| Accounts payable and accrued expenses | $29,450 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,409,916 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,364 |
| Total liabilities | $2,475,730 |
| Net assets without donor restrictions | $5,563,403 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,563,403 |
Grants Awarded
Over the last fiscal year, St Nicholas Foundation Inc has awarded $335,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: EDUCATIONAL AND RELIGIOUS | $10,000 |
BOYS & GIRLS CLUB OF WEST VAL PURPOSE: EDUCATIONAL AND RELIGIOUS | $10,000 |
BOYS AND GIRLS CLUB OF SCV PURPOSE: EDUCATIONAL AND RELIGIOUS | $10,000 |
CHILDRENS HOSPITAL LOS ANGELE PURPOSE: EDUCATIONAL AND RELIGIOUS | $10,000 |
CITY OF HOPE PURPOSE: EDUCATIONAL AND RELIGIOUS | $10,000 |
ECUMENCIAL PATRIARCH PURPOSE: EDUCATIONAL AND RELIGIOUS | $20,000 |