American Gold Star Manor
- Assets
- $59.8m
- Revenue
- $2.8m
- Investments
- $12.2m
- Employees
- 12
- Location
- Long Beach, CA
- Founding
- 03/1974
- Data as of
- 12/2021
- EIN
- 23-7288650
Organization Overview
American Gold Star Manor is located in Long Beach, CA. The organization was established in 1974. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, American Gold Star Manor employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Gold Star Manor 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, American Gold Star Manor generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW COST HOUSING FOR NEEDY AND DISTRESSED MEMBERS IN GOOD STANDING WITH AMERICAN GOLD STAR MOTHERS, INC., AND LOWER INCOME SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Patrick President & CEO | 34 | $156,974 | |
Sarah Bergman CFO | 32 | $122,580 | |
Bethann Cairns Operations/leasing A | 36 | $74,542 | |
Denice Mounce Bookkeeper/admin Ass | 33 | $63,098 | |
James Mauler Maintenance | 36 | $56,916 | |
Diane Jacobus Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Susan E A Wise | 12/30/20 | $70,210 |
Holthouse Carlin & Van Tright Llp | 12/30/20 | $51,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,255 |
| Interest on Savings | $86 |
| Dividends & Interest | $1,593,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,396 |
| Capital Gain Net Income | $88,029 |
| Net ST Capital Gain | $20,682 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,153,768 |
| Total Revenue | $2,817,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,554 |
| Other employee salaries and wages | $539,068 |
| Pension plans, employee benefits | $329,425 |
| Interest | $0 |
| Taxes | $37,536 |
| Depreciation | $2,783 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $203 |
| Printing and publications | $942 |
| Other expenses | $128,438 |
| Total operating and administrative expenses | $1,577,680 |
| Contributions, gifts, grants paid | $24,083 |
| Total expenses and disbursements | $1,601,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,279 |
| Savings and temporary cash investments | $535,969 |
| Net Accounts receivable | $19,676 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,656 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,714 |
| Other assets | $46,873,682 |
| Total assets | $59,782,163 |
| Accounts payable and accrued expenses | $125,042 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,226 |
| Total liabilities | $144,268 |
Grants Awarded
Over the last fiscal year, American Gold Star Manor has awarded $24,083 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MARIAN TUMALA PURPOSE: HOUSING ASSISTANCE GRANT | $5,000 |
JULIE RUTILI PURPOSE: HOUSING ASSISTANCE GRANT | $3,696 |
DONNA ROBINSON PURPOSE: HOUSING ASSISTANCE GRANT | $2,759 |
BOUCHRA BENZARI PURPOSE: HOUSING ASSISTANCE GRANT | $2,688 |
KATHLEEN GOODMAN PURPOSE: HOUSING ASSISTANCE GRANT | $2,657 |
JANET M GEORGE-MORRIS PURPOSE: HOUSING ASSISTANCE GRANT | $2,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Gold Star Manor has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Bess J Hodges Foundation Long Beach, CA PURPOSE: GENERAL OPERATING | $3,000 |
Endowment Analysis
| Beg. Balance | $352,590 |
| Earnings | -$352,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Hale Mahaolu Kahului, HI | $62,797,850 | $14,655,033 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |